Press release
Soil Testing Equipment Market Outlook 2025: A CAGR of 11.2%, Market Expansion to $5.73 billion, Prominent Drivers, and Key Trends
Soil Testing Equipment Market Size
What Is The Projected Market Size Of The Global Soil Testing Equipment Market And Its Growth Rate?
• The soil testing equipment market is projected to grow from $5.15 billion in 2024 to $5.73 billion in 2025 (CAGR of 11.2%).
• High growth in the historic period can be linked to increasing agricultural activities, government initiatives, awareness about soil health, and more.
• The market is anticipated to witness rapid growth and reach $8.68 billion in 2029 (a CAGR of 10.9%). Major drivers include focus on precision agriculture, climate change adaptation, and sustainable agriculture.
What Is Driving The Growth In The Soil Testing Equipment Market?
The increase in construction activities is a significant growth driver for the soil testing equipment market. Construction activities encompass all tasks related to the development, assembly, and modification of buildings and roadways, inclusive of land grading and excavation. Soil testing is crucial for evaluating and analyzing soil's carrying capacity and technical properties, which aids in the selection of the construction foundation. For instance, in 2023, there was a significant boost in new construction work according to the UK Statistics Authority, with both private and public new work seeing a growth of 16.8% and 13.1% respectively compared to 2021.
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Who Are The Key Players Driving Soil Testing Equipment Market Growth?
• Controls S.p.A.
• ELE International
• Gilson Company Inc.
• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Merck KGaA
• LaMotte Company
• Humboldt Mfg. Co.
What Are The Key Trends In The Soil Testing Equipment Market?
• Increasing focus on cost-effective solutions
• Market consolidation and partnerships
• Global food security concerns
• Rising demand for sustainable agriculture
• Adoption of data-driven decision-making
What Are The Segments Of The Global Soil Testing Equipment Market?
• By Type Of Test: Physical, Residual, Chemical
• By Site: Laboratory, On-site
• By Degree Of Automation: Manual, Semi-Automatic, Automatic
• By End-User: Construction industry, Agriculture industry
Which Region Leads The Soil Testing Equipment Market?
North America was the largest region in the soil testing equipment market in 2024. However, the market report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Soil Testing Equipment Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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