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Construction Boom Fuels Surge In Soil Testing Equipment Market Growth Driver: Leading Transformation in the Soil Testing Equipment Market in 2025
What combination of drivers is leading to accelerated growth in the soil testing equipment market?The upswing in construction undertakings is anticipated to propel the growth of the soil testing equipment market. Construction undertakings encompass all tasks related to the creation, assembly, alteration of buildings, structures, roads, along with leveling, grading, excavation, and filing of land. Soil testing is a scientific tool employed to assess and scrutinize the innate technical and physical characteristics of the soil and its bearing capacity, thus aiding in the choice of proper foundation for construction processes. For example, the Office for National Statistics, a UK-based executive authority, reported in November 2023 that total new construction endeavors escalated by $19781.69 million in 2022. This was witnessed in both private and public projects experiencing growth of 16.8% and 13.1% respectively in comparison to 2021. Consequently, the amplified number of construction undertakings is propelling the soil testing equipment market's growth.
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What is the projected compound annual growth rate (CAGR) of the soil testing equipment market from 2025 to 2034, and what factors influence it?
In recent times, there has been a significant expansion in the market size of soil testing equipment. The market is forecasted to swell from $5.15 billion in 2024 to $5.73 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. This substantial growth during the historical period can be credited to factors such as heightened agricultural activities, governmental drives and legislation, increased consciousness about soil wellness, global apprehensions about food security, and the consolidation and enlargement of farms.
The market for soil testing equipment is projected to experience significant expansion in the coming years, with its value anticipated to reach $8.68 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.9%. This anticipated growth during the forecast period can be credited to factors such as an enhanced focus on precision farming, climate change adaptation, the rise of sustainable farming practices, government aid and subsidies, and broadening agricultural export markets. The forecast period is also expected to witness trends such as a shift towards cost-efficient solutions, market consolidation and partnerships, concerns related to global food security, demand for sustainable farming, and data-oriented strategic decisions.
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How are the latest trends influencing the growth of the soil testing equipment market?
Technological innovations are increasingly becoming a significant trend in the soil testing equipment market. Firms in the industry are incorporating new technology to maintain their market standing. For instance, Precision Planting, a US agriculture service firm, introduced a cloud-based system named Radicle Agronomics in August 2022. This system encompasses a self-calibration technology powered by Radicle Lab and a fully automated soil sample identifier, GeoPressTM. Consequently, agronomists can offer more precise soil nutrient management advisories to their customers using a cloud-based software solution that incorporates every field-to-lab procedure stage. Radicle LabTM becomes the first fully automated soil lab with self-calibration technology, capable of handling hundreds of samples unattended. The innovative, patented Microflow technology of Radicle Lab eliminates human intervention in the normal lab procedure, enabling agronomists to deliver detailed soil analysis in minutes without input.
What are the major segments of the soil testing equipment market and their role in driving growth?
The soil testing equipment market covered in this report is segmented -
1) By Type Of Test: Physical, Residual, Chemical
2) By Site: Laboratory, On-site
3) By Degree Of Automation: Manual, Semi-Automatic, Automatic
4) By End-User: Construction industry, Agriculture industry
Subsegments:
1) By Physical Tests: Soil Texture Analysis, Bulk Density Measurement, Moisture Content Determination, Permeability Tests
2) By Residual Tests: Residual Soil Analysis, Soil Compaction Tests, Shear Strength Tests
3) By Chemical Tests: PH Measurement, Nutrient Analysis (N, P, K), Electrical Conductivity Testing, Organic Matter Content Analysis
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Which regions are key players in the growth of the soil testing equipment market?
North America was the largest region in the soil testing equipment market in 2024. The regions covered in the soil testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the soil testing equipment market?
Major companies operating in the soil testing equipment market include 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., EIE Instruments Private Limited, Sun Labtek Equipments (I) Private Limited, S.W. Cole Engineering Inc., Eurofins Scientific S.E., M&L Testing Equipment LLC, Alfa Testing Equipment LLC, Martin Lishman Ltd., Geotechnical Testing Equipment (UK) Ltd, Matest, Shambhavi Impex, SGS Société Générale de Surveillance SA, ALS Limited, Element Materials Technology Group Limited, Intertek Group plc, Bureau Veritas S.A., PCE Instruments, GDS Instruments, Seidner Laboratories Inc., Geotest Instrument Corporation, Geo-Slope International Ltd., Soil Mechanics Corporation
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What Is Covered In The Soil Testing Equipment Global Market Report?
• Market Size Forecast: Examine the soil testing equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the soil testing equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the soil testing equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soil testing equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the soil testing equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soil testing equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the soil testing equipment market.
• Competitive Landscape: Review strategic developments in the soil testing equipment market, including expansions, agreements, and new product launches.
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