- Industry Size (2022)
- USD 2.80 Bn
- Forecast (2032)
- USD 4.14 Bn
- CAGR
- 4%
Demand Upswing for Universal Testing Machines
Demand for universal testing machines continues to swell owing to their versatility quotient and will surpass USD 200 Million revenues in 2025. Despite significant contribution to market revenues, sales of universal testing machines will see a slight decline towards the end of 2029 due to their high initial prices.
Accounting for around a fourth of total sales, non-destructive (NDT) machines are also witnessing noteworthy traction. However, their demand will decrease in the following years, as their operation requires additional certifications, which incur additional expenses. As cost-efficiency and convenience top the list of customers, flexure testing and fresh concrete testing machines exhibit unprecedented demand growth.
Developed Markets Hold Collective Share of 50%
Currently accounting for nearly 26% of market revenue, North America continues to lead the global concrete tester market through 2029. The growth of the regional market is primarily driven by surging residential projects in the US, which include building permits, housing starts, and housing completions.
The Europe concrete tester market is also capturing notable stakeholders’ investment, majorly spearheaded by Germany and Spain. However, this report emphasizes lucrative growth outlook in Latin America and Middle East & Africa (MEA) owing to increasing mining exploration and construction expenditure respectively.
Portability Feature Sought-after
Conventionally, the properties of in-place concrete have been tested by transporting field-cured cylinders to a lab where they undergo a break test in a compression machine. Methods like these result in subsequent delays, which further cause delays in project schedules. Manufacturers must develop portable and wireless concrete testers for on-site testing of concrete strength to address the situation. These highly convenient concrete testers also reduce the dependence on third-party labs.
How Growth will Unfold
Market players continue to target the construction and infrastructure sectors on the back of increasing construction of civil facilities and renovation projects in developing economies. Sales of concrete testers in both the end-use categories collectively hold nearly 50% share and will reap profits worth of about USD 200 Million by 2020 end. On the flip side, the mining and railway sectors also represent opportunistic growth potential, with sales of concrete testers in the latter to cross USD 100 Million in 2029.
CONCRETE TESTERS MARKET TAXONOMY
The global Concrete Tester market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Product
- NDT Machine
- Universal Testing Machine
- Fresh Concrete Testing
- Flexure Testing Machine
- Others
Application
- On-Site
- Off-Site
End-use Industry
- Construction
- Infrastructure
- Mining
- Railways
- Research & Academics
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Frequently Asked Questions
What is the Growth Outlook for the Concrete Testers Market?
The concrete testers market is likely to secure a CAGR of 4% through 2032.
By 2032, How Much can the Concrete Testers Market Grow?
The concrete testers market size is estimated to cross USD 4.14 Billion by 2032.
What is the Current Valuation of the Concrete Testers Market?
The concrete testers market is likely to record a value of USD 2.80 Billion in 2022.
Which Region is likely to Lead the Concrete Testers Market?
North America is likely to lead the concrete testers market.
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Get PDFTable of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Success Factors
- 4. Global Concrete Testers Market Demand Analysis 2014 to 2018 and Forecast, 2019 to 2029
- 5. Global Concrete Testers Market - Pricing Analysis
- 6. Global Concrete Testers Market Demand (in Value or Size in USD Million) Analysis 2014 to 2018 and Forecast, 2019 to 2029
- 7. Market Background
- 8. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, By Product Type
- 8.1. NDT Machine
- 8.2. Universal Testing Machine
- 8.3. Fresh Concrete Testing
- 8.4. Flexure Testing Machine
- 8.5. Others
- 9. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, By Application
- 9.1. On-Site
- 9.2. Off-Site
- 10. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by End Use Industry
- 10.1. Construction
- 10.2. Infrastructure
- 10.3. Mining
- 10.4. Railways
- 10.5. Research & Academics
- 10.6. Others
- 11. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. Middle East & Africa
- 11.5. East Asia
- 11.6. South Asia
- 11.7. Oceania
- 12. North America Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 13. Latin America Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 14. Europe Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 15. East Asia Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 16. South Asia Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 17. Middle East & Africa Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 18. Oceania Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 19. Emerging Countries Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. MTS Systems Corporation Overview
- 21.2. Matest S.p.A.
- 21.3. Humboldt Mfg. Co.
- 21.4. PCE Holding GmbH
- 21.5. ELE International LLC
- 21.6. EIE Instruments Private Limited
- 21.7. Cooper Research Technology Limited
- 21.8. Gilson Co., Inc.
- 21.9. Novotest Ltd
- 21.10. Tinius Olsen Ltd
- 21.11. ADMET, INC.
- 21.12. Forney LP
- 21.13. Test Mark Industries Inc.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
