China Marble Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The China Marble Market Report is segmented by color (white, black, yellow, red, and other colors) and application (building and decoration, statues and monuments, furniture, and other applications). Each segment's market sizing and forecasts are based on value in USD for all the above segments.

China Marble Market Size

China Marble Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Medium

Major Players

China Marble Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of China Marble Market with other markets in Chemicals & Materials Industry

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China Marble Market Analysis

The Chinese marble market is estimated to reach USD 3.31 billion by the end of this year and is projected to reach USD 4.53 billion in the next five years, registering a CAGR of 6.45% during the forecast period.

The market was negatively impacted by COVID-19 due to the halt in manufacturing activities, and the construction industries were completely shut down to control the spread of the virus. Currently, the market has recovered from the pandemic and is growing at a significant rate.

  • Over the short term, growing usage in the construction sector and the versatility of marbles are major factors driving the growth of the market studied.
  • However, the availability of cost-effective substitutes such as granite and porcelain is anticipated to restrain the growth of the market studied.
  • Nevertheless, product innovation and new technologies to enhance the quality of the product are expected to create lucrative growth opportunities in the Chinese market.

China Marble Market Trends

Building and Decoration Segment to Dominate the Market

  • Marble has multiple structural and decorative uses, including outdoor sculptures, walls, floors, stairs, and pavements. Thus, with the rising construction, the demand for marble is also anticipated to increase.
  • China is the world's largest construction market. According to the National Bureau of Statistics of China, the construction industry in China generated an added value of approximately CNY 8.3 trillion (~USD 1.23 trillion) in 2022.
  • Similarly, according to the National Bureau of Statistics of China, the value of construction output accounted for CNY 31.2 trillion (~USD 4.5 trillion) in 2022, up from CNY 29.31 trillion (~USD 4.2 trillion) in 2021. As per the forecast by the Ministry of Housing and Urban-Rural Development, the Chinese construction sector is expected to maintain a 6% share of the country's GDP for the next two years.
  • According to the Shanghai Municipal Statistics Bureau, the area of residential property under construction in Shanghai accounted for around 77 million sq m in 2022.
  • The Chinese construction decoration sector reached a total output value of roughly CNY 1.29 trillion (~USD 0.19 trillion) in 2022, as per the National Bureau of Statistics of China.
  • Therefore, the rising construction sector is anticipated to enhance the growth of marble in the forecast period.
China Marble Market: Construction Output Value, in CNY Trillion, China, 2018-2022

Furniture Segment to Dominate the Market

  • Marble furniture includes tables, coffee tables, chairs, benches, and desks, but even some lesser-known types of furniture, such as sculptures or pedestals.
  • According to the China National Information Center of Light Industry, China has remained the world's largest furniture-producing country. Over the past few years, Chinese furniture production has steadily increased. The country produced around 1.19 million pieces of furniture in 2022.
  • In the past decade, China's online furniture retail industry has grown significantly due to the development of online shopping and logistics. In 2022, online retail sales of furniture totaled around CNY 656 billion (~USD 97.55 billion) in China.
  • In 2022, jd.com was the leading online store in the furniture and appliances segment in Greater China, generating e-commerce net sales exceeding USD 30 billion that year.
  • According to Statista, the revenue of the furniture market accounted for USD 82.3 billion, which enhanced the growth of the marble market in the region.
  • Therefore, all the aforementioned factors are expected to boost the demand for marble in the forecast period.
China Marble Market: Area of Residential Buildings Under Construction, in Million Square Meters, Shanghai, 2018-2022

China Marble Industry Overview

The Chinese marble market is partially fragmented in nature. The major players (not in any particular order) include China Kingstone Mining Holdings Limited, JSC Group, Kangli Stone Group, Universal Marble Granite Group Ltd, and XIAMEN YUANDA STONE CO. LTD.

China Marble Market Leaders

  1. China Kingstone Mining Holdings Limited

  2. JSC Group

  3. Kangli stone group

  4. Universal Marble Granite Group Ltd

  5. XIAMEN YUANDA STONE CO.,LTD

*Disclaimer: Major Players sorted in no particular order

China Marble Market Concentration
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China Marble Market News

The recent developments pertaining to the market will be provided in the full report.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Usage in Construction Sector
    • 4.1.2 Versatility of Marbles
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Availability of Cost-effective Substitutes
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 By Color
    • 5.1.1 White
    • 5.1.2 Black
    • 5.1.3 Yellow
    • 5.1.4 Red
    • 5.1.5 Other Colors (Green, Grey, Blue, and Pink)
  • 5.2 By Application
    • 5.2.1 Building and Decoration
    • 5.2.2 Statues and Monuments
    • 5.2.3 Furniture
    • 5.2.4 Other Applications (Vases and Lamps, Landscaping, and Arts and Crafts)

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 China Kingstone Mining Holdings Limited
    • 6.4.2 Fulei Stone
    • 6.4.3 JSC Group
    • 6.4.4 Kangli Stone Group
    • 6.4.5 Kungfu Stone Ltd
    • 6.4.6 Universal Marble Granite Group Ltd
    • 6.4.7 Xiamen Hongzhanxing Stone Co. Ltd
    • 6.4.8 Xiamen Quality Stone Co. Ltd
    • 6.4.9 XIAMEN YUANDA STONE CO. LTD
    • 6.4.10 XISHI GROUP LTD
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Product Innovation and New Technologies
  • 7.2 Other Opportunities
** Subject To Availablity
**Subject to Availability
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China Marble Industry Segmentation

Marble is a calcareous metamorphic rock formed from limestone due to pressure and geological processes. It has a crystalline structure and slight porosity and is available in a variety of colors due to mineral content, such as sand, silt, and clay. The main constituent is calcite, a mineral made of calcium carbonate.

The market is segmented by color and application. By color, the market is segmented into white, black, yellow, red, and other colors (green, grey, blue, and pink). By application, the market is segmented into building and decoration, statues and monuments, furniture, and other applications (vases and lamps, landscaping, and arts and crafts). For each segment, the market sizing and forecasts are provided in terms of value in USD.

By Color White
Black
Yellow
Red
Other Colors (Green, Grey, Blue, and Pink)
By Application Building and Decoration
Statues and Monuments
Furniture
Other Applications (Vases and Lamps, Landscaping, and Arts and Crafts)
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Frequently Asked Questions

The China Marble Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

China Kingstone Mining Holdings Limited, JSC Group, Kangli stone group, Universal Marble Granite Group Ltd and XIAMEN YUANDA STONE CO.,LTD are the major companies operating in the China Marble Market.

The report covers the China Marble Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Marble Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

China Marble Industry Report

Statistics for the 2024 China Marble market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Marble analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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China Marble Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)