The market value for construction sand and gravel stationary plants in Nevada was 18.9 in 2023. The forecast from 2024 to 2028 depicts a consistent declining trend, with yearly values decreasing from 17.73 in 2024 to 12.24 in 2028. This represents a negative year-on-year variation as follows: -7.97% in 2025, -8.51% in 2026, -9.11% in 2027, and -9.8% in 2028. The average compound annual growth rate (CAGR) over these five years is approximately -8.39%.
Future trends to monitor include:
- Potential impacts of sustainability initiatives and regulatory changes on sand and gravel demand.
- Technological advancements in construction materials, potentially reducing reliance on traditional gravel.
- Economic shifts influencing infrastructure projects and associated raw material needs.