Soil Testing Market Potential Growth, Share, Demand and Analysis of Key Players - Forecasts to 2032

By 2032, the global soil testing market is anticipated to generate US$ 5,670.2 million in revenue, up from US$ 3,482.3 million in 2022, with a CAGR of 5.0 percent.

Due to its capacity to identify the characteristics of soil material and rock, which is essential knowledge for end-use industries like the construction and agricultural sectors, among others, soil testing is in high demand.

Soil testing is used in the agriculture industry to examine the soil and determine its composition, nutrient levels, and other characteristics, such as the pH balance, which helps the market grow overall. Additionally, the ability of soil testing to determine fertility levels, spot potential toxins, nutrient deficiencies, and trace minerals is a factor in its increasing sales.

Numerous static and dynamic tests carried out in accordance with the specifications provided by different testing and certifying organisations like ASTM, AASHTO, BS, IS, DIN, etc. influence market trends for soil testing.

Due to high demand from the construction industry as well, the soil testing market has expanded significantly over the last ten years and is anticipated to continue growing steadily in the years to come.

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The market players are investing in creating new products, expanding product lines, and boosting their global presence through merger and acquisition strategies in order to meet the high level of demand.

The use of soil testing by civil and geotechnical engineers, which provides information directly influencing the choice of foundation systems, pavement materials, and design parameters for buildings, bridges, dams, roads, and other infrastructures, is boosting the market's growth. Additionally, it is anticipated that there will be a high demand for soil testing in the agriculture sector in order to meet the rising demand for food from the rapidly expanding population.

Competition Landscape in the Soil Equipment Market

Manufacturers now primarily use acquisitions and the creation of new products as marketing strategies. Additionally, major players are concentrating on the creation of individualised soil testing that is quick and inexpensive.

Ele International recently released a new version of the soil testing software that complies with BS, ASTM, and AASHTO standards (UK). This software was created especially for geotechnical laboratories.

It is expected to improve the quality and output of soil tests like the triaxial, consolidation, permeability, and California Bearing Ratio tests. Agilent (US) plans to acquire Young In Scientific Co. Ltd (South Korea) in order to increase its direct market penetration in that country and to improve its environmental analytical capabilities.

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Soil Testing Market Key Players

EIE Instruments
Controls S.p.A.
Humboldt Mfg. Co.
Gilson Company, Inc.
Aimil Ltd.
SGS SA
Eurofins Scientific
ELE International
ALFA | Testing Equipment
Matest S.p.A.
LaMotte Company
R J Hill Laboratories Ltd
Intertek Group plc
Geotechnical Testing Equipment
M&L Testing Equipment (1995) Inc.

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Key Segments Profiled in the Soil Testing Market Survey

By Location:

Laboratory testing equipment
On- site testing equipment
By End Use:

Agriculture
Construction
Institutional
By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe
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Read more: https://www.digitaljournal.com/pr/soil-testing-market-is-projected-to-garner-a-revenue-of-us-5670-2-million-by-2032-fmi#ixzz7phR7XPio

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This release was published on openPR.