Market Research Future (MRFR) has published on the “Global Construction Materials Testing Equipment Market”.
The construction materials testing equipment market is estimated to register a CAGR of 5.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global construction materials testing equipment market—Aimil Ltd., Applied Test Systems, Canopus Instruments, CMT Equipment, Controls S.p.A., ELE International, Humboldt Mfg. Co., Matest S.P.A, Olson Instruments Inc., Papworths Construction Testing Equipment.
Construction Materials Testing Equipment Market Highlights
The global construction materials testing equipment market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 5.3 billion by 2032.
Construction materials testing equipment market growth is mostly driven by the requirement for modern infrastructure and the quickening pace of urbanization. To guarantee the structural soundness and lifespan of roads, bridges, buildings, and other structures, urban expansion calls for trustworthy testing. Construction enterprises, particularly those that are small or medium-sized, may find it expensive to purchase testing equipment for building materials initially. Construction materials testing equipment market opportunities are presented by the increased emphasis on sustainable construction practices.
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Segment Analysis
The global construction materials testing equipment market has been segmented based location, application and product type.
On the basis of location, the market is segmented into On-site, R&D laboratories and educational institutes. The educational institutes segment was attributed to holding the largest market share in 2022. This is due to the rising investments from government in educational sector.
Based on application, the global construction materials testing equipment market has been segmented into residential, commercial, transport and other. The commercial segment was expected to hold the largest market share in 2022. Due to the growing commercial building constructions in both developed and developing countries.
Based on product type, the global construction materials testing equipment market has been segmented into soil testing equipment, aggregate testing equipment, concrete testing equipment and others. The soil testing equipment segment was expected to hold the largest market share in 2022. Because it help in the understanding of the behavior of soil, which is utilized as a structural or filler material in construction projects.
Regional Analysis
The global construction materials testing equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe construction materials testing equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The construction materials testing equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World construction materials testing equipment market comprises of Middle East, Africa, and Latin America.
The largest market share for construction materials testing equipment was maintained by the North American regional sector. Global governments and regulatory agencies are imposing strict laws and quality control standards, which are forcing players in the construction industry to invest in cutting-edge testing machinery. Respecting these guidelines is necessary for project approval as well as public safety. Particularly for small and medium-sized construction companies, the upfront costs associated with purchasing construction materials testing equipment in North America can be high. Technological Progress continual progress in technology for innovation and the creation of cutting-edge testing apparatus are available in North America.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for construction materials testing equipment is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market expansion is supported by an increase need for modern infrastructure and the quick pace of urbanization. Reliable testing is necessary as cities grow in order to guarantee the durability and structural integrity of roads.
Additionally, manufacturers of construction materials testing equipment have enormous growth potential as a result of the construction boom in these areas. Because of the building industry's growing investments and the swift growth of infrastructure brought forth by urbanization. Building projects for homes, businesses, and industries are driving the healthy growth of the Asia pacific of worldwide construction industry. There is a significant need for materials testing equipment due to the rise in building activity.
Furthermore, the rest of the world's construction materials testing equipment market are divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of structural integrity of roads, bridges, buildings. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global construction materials testing equipment market is expected to reach USD 5.3 billion by 2032, at a CAGR of 5.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to rapid urbanization infrastructure development, and increasing investments in construction projects by government bodies through policies and initiatives.
- Based on application, the commercial segment was expected to hold the largest market share in 2022.
- Aimil Ltd., Applied Test Systems, Canopus Instruments, CMT Equipment, Controls S.p.A., ELE International, Humboldt Mfg. Co., Matest S.P.A, Olson Instruments Inc., Papworths Construction Testing Equipment.
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Companies Covered | 15 |
Pages | 128 |
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