India Granite Market Analysis
The relevance of research
Granite has high heat resistance and practically does not absorb water. This stone retains its shape and is more durable than other types of building stone.
Purpose of the study
Analysis of the state of the granite market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the granite market
Content
Part 1. Indian Granite Market Overview
1.1. Main characteristics of the market
1.2. Dynamics of the granite market volume 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Granite Market Life Cycle Stage
1.5. Competition from substitute products
Part 2. Competitive analysis in the granite market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of granite production
3.1. Volume and dynamics of domestic production of granite
3.2. Export share in granite production
3.3. Segmentation of granite production by regions
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade deliveries of granite
4.1. The volume and dynamics of imports of granite
4.2. Import structure
4.3. Granite export volume and dynamics
4.4. Export structure
Part 5. Granite consumption analysis
5.1. Dynamics of consumption of granite
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast for the development of the granite market until 2025
Part 9. Recommendations and conclusions
Research excerpt
Part 1. Indian Granite Market Overview
1.1. Main characteristics of the market
Consider the characteristics and features of the granite market. The granite market in this study refers to …
Granite is an acidic plutonic rock that…
Due to its aesthetic properties and physical and chemical properties, granite can …
Granite crushed stone of small and medium fractions is used for ...
Granite is indispensable and how ...
Granite is often found in India, more than ...
India is among the top ten countries in the world in terms of the number and reserves of granite deposits and occupies …
More than ... enterprises and individual entrepreneurs in India are engaged in the production and processing of granite. They conduct their activities mainly according to OKVED2:
...
The granite market in India is characterized by the fact that it is dominated by ... products. In 2020 the share of imported granite amounted to …%, it is … compared to 2019. (… p.p.), in connection with…
Diagram 1. The ratio of imported and domestic products in the granite market,
During the analyzed period, there is a trend towards ... granite ... The Government of India focuses its attention on the development ...
1.2. Dynamics of the granite market volume 2016-2020 Potential market capacity
Consider the dynamics of the granite market volume for 2016-2020.
The volume of the granite market in India in 2016 amounted to … thousand tons. market size in physical terms … thousand tons (…%), in 2017 – … thousand tons (…%), … of the market was associated with …, as well as projects …
The volume of the granite market in India in 2019 amounted to … thousand tons, the market volume was …% compared to 2018. To the greatest extent … the market volume was influenced by …
At the end of 2020 granite market volume …% compared to 2019 and reached … thousand tons … of the market occurred mainly due to …
In monetary terms, the volume of the granite market in India in 2016. amounted to … billion Rs., in 2017. granite market volume …% compared to 2016 and was equal to … billion Rs., …
In 2019 market volume …% and amounted to … billion Rs. … market volume in monetary terms is related to … production volumes and ...
In 2020 volume of the studied market …% in relation to 2019 and reached … billion Rs., which is due to …
Diagram 4. Revenue (net) from the sale of granite across the union territories for 2016–2020, %
According to GidMarket analysts based on data … leading positions in terms of revenue (net) from the sale of granite in 2020. occupied by … Federal District (…%).
In second place is … the Federal District (…%) and in third place …
Such a distribution is due to the fact that mainly granite mining enterprises are concentrated in …
Potential Indian Granite Market Capacity
The market potential of the granite market depends on the development of ..., which in turn depends on financing ..., demand for ... Effective demand depends on ...
The potential of the granite market in India is estimated by GidMarket specialists as …% of the existing market volume, or … billion Rs. in 2020 prices
For the most part, the achievement of the market potential and its qualitative development is hindered ...
Among the positive factors influencing the achievement of market potential is …
One of the segments where growth is possible in the near future is …
1.3. Assessment of factors affecting the market
Let's consider the main factors influencing the granite market in India and, accordingly, the demand.
Economic forces
Dynamics of India's Gross Domestic Product
The dynamics of GDP is a determining factor in the development of the country's economy, it forms the main trends in consumer effective demand and economic activity.
From 2013 to 2014 GDP growth was …, after the 2014 crisis. GDP growth rate in 2015 ... In 2016-2019. occurred …% year on year.
According to the estimate of …, the decline in India's gross domestic product in 2020 amounted to …%. The Government of India predicted a decrease by …%.
The decline in GDP by …% is due to the introduced ...
...
Political and legal factors
...
Social factors
...
Technological factors
...
Table 1. STEP analysis of factors affecting the granite market
Macro-environment factors have … an impact on the granite market, however, the decisive influence is exerted by ...
Such economic and social factors … have a negative impact on the development of the granite market. In its turn, …
In the medium to long term, political factors …
Technological factors…
1.4. Granite Market Life Cycle Stage
Consider the model of the life cycle of the granite market. Strategic management uses the market life cycle model, which was proposed and discussed in detail by Michael Porter in 1980. The stage of the market life cycle affects ...
The model of the life cycle of the granite market presented in the diagram shows the development of the granite market in the form of a line of revenue over time, or it is also called the market life cycle curve. There are four stages in the market life cycle:
...
The granite market is at the stage of the life cycle - ... At this stage, the market ...
At the stage of maturity, enterprises focus on ...
1.5. Competition from substitute products
Let's analyze the availability of substitute products for granite.
Substitute products are products that perform the same function for the same consumer group, but are based on a different technology.
...
If we consider the availability of granite substitute products in terms of its key properties: strength, density, wear resistance, texture, then we can conclude that ...
However, GidMarket analysts believe that depending on the requirements of the customer, granite may have …
One of the benefits of substitute products can be...
Part 2. Competitive analysis in the granite market
2.1. Major players in the market
The largest TOP-5 companies in the granite market include the following companies:
- LLC “…”, the main activities of which are…;
- LLC “…”, develops…;
...
2.2. Market shares of the largest competitors
When conducting a competitive analysis in the granite market, the criterion of the first degree in determining the market share of competitors was ...
Diagram 11. Shares of the largest competitors in the granite market in 2020
According to GidMarket, the leader of the granite market in India in 2019. is …
...
2.3. Profiles of major players
Let's take a look at the profiles of the major players in the Indian granite market.
According to GidMarket estimates based on Rosstat data, the total revenue of the TOP-5 largest granite market enterprises in India in 2020 amounted to … billion Rs.
...
Part 3. Analysis of granite production
3.1. Volume and dynamics of domestic production of granite
In India, there are about ... deposits of granite, suitable for use as a piece of stone, as well as rubble and crushed stone. The most developed deposits are currently in …
The volume of production of granite in India in 2016. was equal to … thousand tons. In 2017, the volume of production was …% and amounted to … thousand tons, in 2018. The volume of granite production in India was equal to … thousand tons, the growth rate in relation to the previous year was …%.
...
At the end of 2020 the volume of granite production …% and reached … thousand tons.
...
The revenue growth rates of the largest operators … relative to the overall dynamics of the market volume in current consumer prices allow us to state …
3.2. Export share in granite production
The share of exports in granite production in India is small.
In 2016 the share of export in granite production was …%. In 2017 share of export …%, and in 2018. was equal to …%.
...
3.3. Segmentation of granite production by regions
3.3.1. Production by Union Territories
In 2016 production of granite, including granite crushed stone, amounted to … thousand tons, a decrease (…%) due to a decrease in …
In 2017 volume of production …
In 2018 the growth rate amounted to …%, which led to the growth of …, the increase was mainly due to an increase in production in the … federal district …%) and …
In 2020 the volume of production of granite, including granite crushed stone …% and reached … thousand tons. The increase in production volumes occurred mainly due to the growth in production of granite in the … federal district ...
3.3.2. Production by states of India
Consider the production of granite in the states of India.
In 2020 the largest share of granite and crushed granite in the aggregate in India is produced in …(…%).
In second place is … (…%) and …
Part 4. Analysis of foreign trade deliveries of granite
4.1. The volume and dynamics of imports of granite
Granite imports rank ... In 2020. the share of imports in the market volume amounted to …%, however, in 2016. share of imports...
The volume of imports of granite in India in 2016. amounted to … thousand tons. granite import...
In 2018 the volume of imports decreased …% and was equal to … thousand tons. the volume of granite imports to India amounted to …, the growth rate (…%).
In 2020 volume of Indian imports …% compared to 2019 and reached … thousand tons
... is associated with the entry into force of ..., for which ...
...
In 2018 the total amount of granite imports to India …% and was equal to … billion Rs.
In 2019 the volume of imports of granite …% and amounted to … billion Rs. In 2020 the volume of Indian imports of granite … billion Rs., … associated with the program for …
4.2. Import structure
In the structure of granite imports in 2020. the largest share is occupied by … (…%). The second place belongs to … (…%). In third place is…
4.3. Granite export volume and dynamics
The volume of exports of granite from India in 2016. was equal to … thousand tons.
In 2017 export of granite …% and amounted to … thousand tons, this … is associated with …
...
In 2020 the volume of exports amounted to … thousand tons, it is …% under the influence of the crisis provoked by …
In 2016 export volume …% and became equal to … million Rs., which was due to …
...
The balance of India's foreign trade in granite, including crushed granite, has … magnitude. In 2016 it was equal to (… billion Rs.) and by 2020. it amounted to (… billion Rs.), due to a decrease in …
Diagram 20. Balance of exports and imports, 2016-2020, billion Rs.
4.4. Export structure
Consider the structure of exports in the granite market, including crushed granite in 2020.
The structure of India's granite exports is dominated by the supply of granite to … countries, the largest share of granite exports falls on … – …% of India's granite exports. In second place is…
Part 5. Granite consumption analysis
5.1. Dynamics of consumption of granite
The per capita consumption of granite in India was estimated by GidMarket on the basis of the ratio of the volume of the Indian granite market to the adult population of India.
The consumption of granite, including crushed granite in India, increased from 2016 to 2018. from … to … Rs./person, decreased …
Mass market granite processors and retailers are noticing that requirements have changed…
5.2. Analysis of the results of tenders for the purchase
We will analyze the results of tenders for the purchase of granite.
Diagram 23. The volume of tenders for granite, 2020
According to GidMarket, based on an analysis of the results of tenders held in India for ..., in 2020. … thousand tenders for granite were held for the amount of NCC … billion Rs. In total, in India, … thousand customers took part in tenders.
Part 6. Price Analysis
6.1. Average producer prices by union territories
In the period 2016-2020. average producer prices for granite …%, from … Rs./t in 2016 to … Rs./t in 2020 The largest … average producer prices occurred in 2016, then the growth rate was (…%) compared to 2015.
Average producer price for granite in 2020 in India …% to the level of 2019 and amounted to … Rs./t.
An analysis of prices by union territories showed that the highest prices are in the … federal district, in 2020. the price amounted to … Rs./t., in relation to 2019. price …%.
The lowest price is in the … federal district, according to the results of 2020. it was equal to … Rs./t., compared to 2019. price …%. At present, India's granite market has become…
6.2. Average consumer prices by states in India
Average consumer prices by states in India are presented in the table below.
Part 7. Assessment of factors of investment attractiveness of the market
… factors of the investment climate of the granite market of India dominate over ... A comprehensive assessment of the factors of investment attractiveness is ... points - ... the investment climate.
The most significant negative factors
...
The most significant positive factors
...
Part 8. Forecast for the development of the granite market until 2025
...
Part 9. Recommendations and conclusions
...
Diagrams
Diagram 1. The ratio of imported and domestic products in the granite market,%
Diagram 2. Dynamics of the granite market volume in real terms, 2016–2020
Chart 3. Dynamics of the granite market volume in value terms, 2016–2020
Diagram 4. Revenue (net) from the sale of granite across the union territories for 2016–2020, %
Diagram 5. Dynamics of GDP, India, 2013-2020, % to the previous year
Chart 6. Monthly dynamics of the US dollar against the rupee, 2016-2020, Rs. for 1 US dollar
Diagram 7. Dynamics of housing commissioning in India, 2016-2020, mln sq. m
Diagram 8. Dynamics of the volume of commissioning of the total area of non-residential buildings in India, 2016-2020, mln. m
Diagram 9. Dynamics of real disposable income of the population, India, 2016-2020, % to the previous year
Diagram 10. Life cycle of the granite market
Diagram 11. Shares of the largest competitors in the granite market in 2020
Diagram 12. Dynamics of granite production volumes in India for 2016–2020
Diagram 13. Dynamics of the total revenue of the largest manufacturers (TOP-5) of granite in India, 2016–2020
Chart 14. Share of exports in production for 2016–2020
Diagram 15. Shares of granite production by states of India, 2020, %
Diagram 16. Volume and dynamics of granite imports in physical terms, 2016-2020, thousand tons
Diagram 17. Volume and dynamics of granite imports in monetary terms, 2016-2020, billion Rs.
Diagram 18. Dynamics of export of granite in physical terms, 2016-2020, thousand tons
Diagram 19. Dynamics of export of granite in monetary terms, 2016-20120, million Rs.
Diagram 20. Balance of exports and imports, 2016-2020, billion Rs.
Diagram 21. Export structure by countries, 2020, %
Diagram 22. Dynamics of granite consumption in monetary terms 2016 - 2020, Rs./person
Diagram 23. The volume of tenders for granite, 2020
Diagram 24. Forecast of the market volume in 2021–2025, million tons
Tables
Table 1. STEP analysis of factors affecting the granite market
Table 2. Goods-substitutes for products made of granite
Table 3. The main companies participating in the granite market in 2020
Table 4. Profiles of companies participating in the granite market in 2020
Table 5. Dynamics of granite production in India by union territories
Table 6. Granite import structure by importing countries in 2020, %
Table 7. Average producer prices for granite across the Union Territories, Rs./t.
Table 8. Average consumer prices for granite tiles by states of India, Rs./m2
Table 9. Assessment of factors of investment attractiveness of the market
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