Global Cone Penetrometer demand is anticipated to be valued at US$ 24.1 Billion in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 33 Billion from 2022 to 2032.
Report Attribute
Details
Estimated Base Year Value (2021)
US$ 23.7 Billion
Expected Market Value (2022)
US$ 24.1 Billion
Anticipated Forecast Value (2032)
US$ 33 Billion
Projected Growth Rate (2022-2032)
3.2% CAGR
Cone penetrometers provide a continuous and accurate profile of soil stratification. This tool is useful for learning about granular and cohesive soils. Cone data provides a continuous profile of shear strength in cohesive soils and eliminates strength anomalies caused by the sampling process. In granular soils, the cone is more important because it is the only tool available that can provide reliable density information.
The cone penetrometer is the foundation of a number of tools and equipment we have available for onshore and offshore soil surveys. A cone-tipped probe, or penetrometer, is pushed into the soil at a constant rate of penetration to obtain cone resistance, sleeve friction, and pore pressure. The cone penetrometer is the foundation of a number of tools and equipment we have available for onshore and offshore soil surveys. A cone-tipped probe, or penetrometer, is pushed into the soil at a constant rate of penetration to obtain cone resistance, sleeve friction, and pore pressure. Over the forecast period, the arrival of the digital cone penetrometer is expected to drive significant growth in the cone penetrometer market. This is due to the fact that the use of a digital cone penetrometer simplifies the testing procedure.
Furthermore, the results obtained by the digital cone penetrometer are not dependent on the design of the apparatus or the operator's judgment. Furthermore, the digital cone penetrometer test is applicable to a wide range of soil, ensuring that the cone penetrometer market expands.
Which are Some Prominent Drivers Spearheading Cone Penetrometer Market Growth?
The growing use of cone penetrometer technology for unconsolidated sediment sites is expected to drive significant growth in the cone penetrometer market during the forecast period. The cone penetrometer is expected to find new applications in areas with rock or cemented layers and large boulders.
The increasing use of digital cone penetrometers, on the other hand, due to their wide range of applications, is expected to ensure significant growth for the cone penetrometer market during the forecast period.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
What are the Challenges Faced by the Cone Penetrometer Industry?
The use of a cone penetrometer is expected to be difficult due to the high soil density. Some of the sensors in the cone penetrometer may be hampered by lens fouling as a result of a dust reaction. During the forecast period, such factors will pose challenges to the growth of the cone penetrometer market.
Why is Asia-Pacific emerging as an Opportunistic Cone Penetrometer Market?
The Asia Pacific cone penetrometer market is expected to grow moderately due to the increasing use of cone penetrometers in educational laboratories to promote practical education given to students.
Find your sweet spots for generating winning opportunities in this market.
How is North America Contributing to Growth of the Cone Penetrometer Market?
According to Future Market Insights, Because of the region's increased R&D on soil testing, North America is expected to provide significant growth for the cone penetrometer market.
Market Competition
Some of the key participants present in the global Cone Penetrometer market include Cooper Technology, Gilson Company, Durham Geo Slope Indicator (DGSI), CAPCO Test Equipment, Geotest Equipments, Humboldt and ACME Scientific among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Report Scope
Report Attribute
Details
Growth Rate
CAGR of 3.2% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Type
Method Type
Service Type
Application
Stockholders
Region
Regions Covered
North America
Latin America
Western Europe
Eastern Europe
SEA & APAC
Japan
China
Middle East & Africa
Key Countries Profiled
U.S
Canada
Brazil
Mexico
Germany
U.K
France
Spain
Italy
Nordics
BENELUX
Poland
Russia
Australia & New Zealand
China
India
ASEAN
GCC
South Africa
Key Companies Profiled
Cooper Technology
Gilson Company
Durham Geo Slope Indicator (DGSI)
CAPCO Test Equipment
Geotest Equipments
Humboldt
ACME Scientific
Customization
Available Upon Request
Key Segments Profiled in the Cone Penetrometer Industry Survey
Type:
Hand Operated Cone Penetrometer
Self Start Static Penetrometer
Method Type:
Digital Cone Penetrometer method
Casagrande Cone Penetrometer method
Others
Service Type:
Cone Penetrometer for Calibration Services
Cone Penetrometer for Repair Services
Cone Penetrometer for Other Service Types
Application:
Cone Penetrometers in Educational Laboratories
Cone Penetrometers in Research Institutes
Cone Penetrometers for Other Applications
Stockholders:
Cone Penetrometers for Manufacturers
Cone Penetrometers for Distributors/Traders/Wholesalers
Cone Penetrometers for Subcomponent Manufacturers
Cone Penetrometers for Industry Associations
Cone Penetrometers for Downstream Vendors
Cone Penetrometers for Other Stockholders
Region:
North America
Latin America
Western Europe
Eastern Europe
SEA & APAC
Japan
China
Middle East & Africa
Frequently Asked Questions
What is the anticipated growth of the Cone Penetrometer market until 2032?
FMI projects the global Cone Penetrometer market to expand at a 3.2% value CAGR by 2032
Which region is forecast to be the most lucrative for Cone Penetrometer market growth?
North America is expected to be the most opportunistic Cone Penetrometer market.
Which are some prominent Cone Penetrometer manufacturers?
Cooper Technology, Gilson Company, Durham Geo Slope Indicator (DGSI), CAPCO Test Equipment, Geotest Equipments, Humboldt and ACME Scientific are some prominent Cone Penetrometer manufacturers.
