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(MoneyNewsWire.Net, January 02, 2019 ) The global stone mining and quarrying market, a part of the mining industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The mining industry showed a steady growth.
The growth is mainly due to the increase in demand for precious stones such a marble, granite, and limestone.
In the forecast period, the global stone mining and quarrying market size is expected to be over $120 billion by 2021, growing at a CAGR of nearly 4%. This is expected due to advancements in the mining industry such as power lasers increasing the productivity, and continued demand from the construction market, thereby driving the market. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global stone mining and quarrying market in the future.
Find TBRC’s report on the stone mining and quarrying market: https://www.thebusinessresearchcompany.com/report/stone-mining-and-quarrying-global-market-report-2018
Remote surveying and geological mapping for mines and quarries is increasingly being done using LIDAR and UAV as it offers fast, accurate data to plan mining processes. LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances). LIDAR is used for surveying the mining area and helps in determining ore body, mining pit volume, and pre-strip and spoil surface volumes.
Major companies in the stone mining and quarrying market, offering
LIDAR technology include Vulcan Materials Company, Martin Marietta Aggregates, Cemex S.A.B. de C.V., Adelaide Brighton Ltd., Rogers Group, Inc., Carmeuse Lime & Stone, Graphit Kropfmühl AG, Minerals Technologies Inc., United States Lime & Minerals, Inc.
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