Editor’s Note
This analysis highlights a stable but nuanced global market. While overall growth is modest, Russia emerges as a key driver of both consumption value and import demand. Italy’s production dominance contrasts with a recent surge in lower-priced imports, pointing to competitive pressures and significant regional price variations.
Market forecast to grow slightly to 1.1M units and $2.2B by 2035, with CAGRs of +1.5% in volume and +1.8% in value.
Russia is the leading market in value terms at $746M and shows the strongest consumption growth at +11.7% CAGR.
Italy is the dominant producer and exporter, accounting for 39% of production and 57% of export volume.
Import volume surged by 20% in 2024, led by Russia and Austria, while average import prices remain low at $798 per unit.
Significant price disparity exists in trade, with Russian imports at $192 per unit versus Portuguese imports at $1.2 thousand per unit.
Driven by rising demand for machine tools for working stone in Europe, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 1.1M units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market value to $2.2B (in nominal wholesale prices) by the end of 2035.
In 2024, the amount of machine-tools for working stone, ceramics, and concrete consumed in Europe dropped modestly to 903K units, falling by -3% compared with the year before. In general, consumption saw a mild decrease. The volume of consumption peaked at 1.2M units in 2015; however, from 2016 to 2024, consumption remained at a lower figure.
The revenue of the market for machine-tools for working stone, ceramics, and concrete in Europe contracted remarkably to $1.8B in 2024, falling by -16.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $2.6B in 2017; however, from 2018 to 2024, consumption remained at a lower figure.
The countries with the highest volumes of consumption in 2024 were Germany (153K units), the UK (141K units) and Russia (132K units), with a combined 47% share of total consumption.
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Russia (with a CAGR of +11.7%), while consumption for the other leaders experienced mixed trends in the consumption figures.
In value terms, Russia ($746M) led the market, alone. The second position in the ranking was held by Germany ($179M). It was followed by Italy.
In Russia, the machine tools for working stone market expanded at an average annual rate of +11.6% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Germany (-5.2% per year) and Italy (-0.7% per year).
The countries with the highest levels of machine tools for working stone per capita consumption in 2024 were Sweden (2.2 units per 1000 persons), the UK (2.1 units per 1000 persons) and Spain (1.9 units per 1000 persons).
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Russia (with a CAGR of +11.7%), while consumption for the other leaders experienced mixed trends in the per capita consumption figures.
In 2024, approx. 866K units of machine-tools for working stone, ceramics, and concrete were produced in Europe; stabilizing at the previous year. Over the period under review, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by 16% against the previous year. As a result, production attained the peak volume of 1.4M units. From 2016 to 2024, production growth remained at a somewhat lower figure.
