In 2023, the turnover for the Cutting, Shaping, and Finishing of Stone in Switzerland stood at 494.35 Million Euros. Forecasts indicate a steady increase, with values expected to reach 508.69 Million Euros in 2024, 523.11 Million Euros in 2025, 537.24 Million Euros in 2026, 551.08 Million Euros in 2027, and 564.65 Million Euros in 2028. The year-on-year growth rates from 2024 to 2028 are 2.85%, 2.84%, 2.69%, 2.58%, and 2.47%, respectively.
Given these forecasts, the Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 2.63%.
Future trends to watch for include:
- Technological advancements in stone cutting and shaping which might increase efficiency and reduce costs.
- Potential increases in demand for high-quality stone in luxury housing markets and large infrastructure projects.
- Environmental regulations and sustainability practices that may influence operational costs and market dynamics.
