Witnessing a steady CAGR throughout the course of the following decade, the global concrete testers market is set to exceed US$ 500 Mn by the end of 2029. A new Future Market Insights (FMI) report projects that the overall demand growth will remain moderate all over the forecast period (2019 – 2029) and would receive a prominent push from the growing stringency of regulatory framework regarding quality of building and construction materials. Developing economies in Asia would remain key markets for investors in concrete testers, as the region has been witnessing remarkable growth of the construction and infrastructure industry.
Key Takeaways - Concrete Testers Market Study
- Flexure concrete testers and fresh concrete testing machines are getting traction due to their compact size and on-site applications. However, highly accurate analysis is still majorly conducted by universal testing machine and NDT machine, as they have a wider measuring range.
- Prices of fresh concrete testers and flexure testing machines are comparatively low in East Asia than in other regions, attributable to the high presence of local manufacturers.
- Currently, sales of universal testing machines are relatively high in North America owing to growing adoption of laboratory analysis services by various industries.
- Stringent regulations have been set by regulating bodies such as ASTM and AASHTO regarding safety in construction. Moreover, increasing investment in upcoming infrastructure projects in the Middle East region are also propelling demand for concrete testers.
- Manufacturers in the concrete testers market are increasingly relying on online sales.
Increasing demand for concrete testers is being witnessed since the recent past, and universal testing machines are used where a wider range of measurement is required. End users prefer universal testing machines as they are highly reliable and precise in measurement.
Concrete Testers Market: Competitive Landscape
The global concrete testers market is highly fragmented due to presence of a large number of local players that offer products for diverse applications. Key manufacturers such as MTS Systems Corporation, Cooper Technologies Inc, Humboldt Mfg. Co., Canopus Instruments, and Global Gilson, Inc, account for about 15% of the overall market share. North America and Europe are anticipated to account for a significant share of the global concrete testers market, owing to implementation of stringent regulations to maintain safety of infrastructure.
For More Detailed Insights on Concrete Testers Market
More About Concrete testers market Report
The research report analyzes total sales of concrete testers on the basis of volume (units) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market. Opportunities in the market are projected on the basis of factors such as construction industry growth, mining industry outlook, end-use industry overview, investment in upcoming infrastructure projects, and expansion in railway networks in various countries worldwide.
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