Construction Material Testing Equipment Market Growth Forecast and Demand Analysis 2024

Rapid expansion of infrastructure industry in developing nations is key driving factor for the growth of global construction testing material equipment market. Low cost testing equipment provided by local group of companies is increasing the demand among smaller construction companies. Moreover, strict government regulations and standards for construction materials are increasing the necessity for the development of advanced testing equipment for construction material. According to Goldstein Research, “Development of smart cities is driving the demand for construction material testing equipment to a very large extent.
Introduction of reliable and quality construction material testing equipments can be a big opportunities for local and regional players. However, price fluctuation of construction material testing equipment is expected to restrain the expansion of construction material testing equipment market across the globe.” Global construction material testing equipment market segmentation has been carried out on the basis of equipment type, location and end user. End-user segment is further categorized into industrial user and educational institute. Industrial sector occupied 75% revenue share of global construction material testing equipment market in 2016. Rapid growth of infrastructure and smart cities development is likely to contribute in the demand for construction material testing equipments for industrial user. Asia-Pacific construction material testing equipment market size reached USD 0.74 billion in 2016 and is expected to grow at a CAGR of 5.0% during the forecast period. Rapid growth of construction industry in countries such as Vietnam, China, Philippines, Hong Kong, Singapore and India are projected to boost the demand for construction material testing equipment market in the region.

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Market Segmentation

Global construction material testing equipment market is categorized on the following basis:
• Based on Equipment Types
o Soil Testing Equipment
o Cement & Concrete Testing Equipment
o Compressive Strength Testing Equipment
o Aggregate Testing Equipment
o Bitumen Testing Equipment
o General Laboratory Testing Equipment
• Based on Location
o On-site testing equipment
o Laboratory testing Equipment
• Based on End User
o Industrial User
o Educational Institute
• Based on Geography
o North America (U.S. & Canada)
o Latin America (Brazil, Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World

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“Global Construction Material Testing Equipment Market Outlook 2024” contains detailed overview of the global construction material testing equipments market in terms of market segmentation by equipment type, by location and by end user.

Further, for the in-depth analysis, the construction material testing equipment market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global construction material testing equipment market report also provides competitive outlook of some of the major players of global construction material testing equipment market which includes profiling of companies such as Aimil Ltd., Humboldt Mfg., Matest, ELE International, CONTROLS Group, Myers Associates, Inc., EIE Instruments Private Ltd., Applied Test Systems, Illinois Tool Works, NL SCIENTIFIC INSTRUMENTS, Papworths Construction Testing Equipment, Shimadzu Corporation, Tinius Olsen Testing Machine Company, Zwick Roell, GlobalGilson and CMT Equipment. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global construction material testing equipment market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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