Press release
Soil Testing Equipment Market is Projected to reach USD 9.3 billion in 2029 from USD 4.3 billion in 2021, expanding at a CAGR of 10.1% | Growth Share & Forecast
Soil Testing Equipment Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/soil-testing-equipment-market/
The factors driving the growth of Soil Testing Equipment Market includes growing adoption of precision farming techniques around the world, rising demand for soil testing equipment from construction and agricultural industries and increasing application of soil testing equipment to determine the behavior of the soil under varying moisture and temperature. According to the report published by Bloomberg, the Global Precision Farming Market is expected to reach USD 16.35 billion by the end of 2028, growing at a CAGR of 13.1% over the forecast period (2021-2028), which will accelerate the Soil Testing Equipment Market share in the approaching years. Moreover, technological advancements in soil testing equipment, rise in the launch of innovative products, increase in Government's expenditure on the infrastructure projects and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes, growing population growth rates and rapid urbanization, are further contributing towards the market growth
However, growth of the Soil Testing Equipment Market is hindered due to high duty imposed on the testing kits.
The leading players operating in the Soil Testing Equipment Market includes Geotechnical Testing Equipment U.K. Ltd, Sun Labtek Equipment (I) Pvt. Ltd, Martin Lishman Ltd, Agilent Technologies, Merck Group, Perkinelmer Inc., S.W. Cole, Controls S.P.A, Lamotte Company, and Gilson Company Inc., among others.
Based on End-User Industry, the Construction segment is projected to capture the largest market share during the forecast period
Rise in Government's spending on infrastructure projects and technological advancements in soil testing equipment, are some of the factors pushing growth of the segment.
Based on Type of Tests, the Physical Tests segment is projected to expand at a robust CARG over the forecast period
Increasing awareness amongst consumers about the presence of chemical residues in fresh fruits and vegetables, is pushing growth of the segment.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
Growing adoption of modern agriculture practices by farmers, technological advancements in soil testing equipment, rapid growth in the construction industry, rise in Government's spending on the infrastructure projects and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Development
In 2019, Ele International developed a new version of the software that is used for soil testing, complying with ASTM, BS, and AASHTO standards. This software is specifically designed for geotechnical laboratories.
Market Segmentation
Segmentation by End-User Industry
Agriculture
Construction
Others
Segmentation by Type of Tests
Physical Tests
Shear strength equipment
Leachability equipment
Plasticity equipment
Permeability equipment
Residual Tests
GC-MS
ICP-MS
Chemical Tests
pH meters
Salinity testing equipment
Test kits & reagents
Segmentation by Degree of Automation
Manual
Sampling Kits
Sand Pouring Cylinder
Auger
Others
Automatic
Penetrometer
Permeability Apparatus
Compactor
Others
Semi-Automatic
California Bearing Ratio Apparatus
Direct Shear Apparatus
Plastic Limit Device
Others
Segmentation by Site
Laboratory
Consolidator
Direct Shear Apparatus
Triaxial Shear Test Apparatus
Others
On-Site
Penetration-Resistance Apparatus
Pressure Meter Apparatus
Plate-Bearing Apparatus
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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