Construction Material Testing Equipment Market
Construction Material Testing Equipment Market: Surging Construction Sector Creating Potential Growth Opportunities: Global Industry Analysis 2013-2018 and Market Forecast 2019-2027
- 2019-01-21
- REP-GB-8557
- 106 Tables
- 84 Figures
- 165 pages
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An Incisive, In-depth Analysis on the Construction Material Testing Equipment Market
This study offers a comprehensive, 360 degree analysis on the Construction Material Testing Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Construction Material Testing Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactContinuous growth in the infrastructure sector is significantly driving the global construction material testing equipment market. Construction material testing equipment is used to perform the testing of structural material and components that are used for construction. Construction material testing equipment covers the testing of shallow and deep foundations, earthwork, wood construction, destructive concrete testing, non-destructive concrete testing, structural steel, structural masonry, asphalt pavement evaluation, and others. Engineers analyze the properties of these material during the design process of any new construction, using construction material testing equipment. When bases, highways, railway tracks, dams, and others are constructed, it is important to check the properties of material used for construction for compatibility with construction material testing equipment. During the design stage of construction, engineers test and analyze each material or component used for construction using construction material testing equipment.
Soil testing and concrete testing are important tests that are performed during construction using construction material testing equipment. Soil plays a key role in civil engineering. Construction material testing equipment used for soil testing provides data of the soil mechanics and the compatibility of the soil with silt, rock, sand, clay, etc. Various standards play a key role in the construction material testing equipment market. Rapid urbanization in developing countries such as India, Brazil, Mexico, China, and others are significantly creating huge demand for construction material testing equipment. For instance, in May 2018, President of CBIC (Brazilian Chamber of the Construction Industry) stated that, the construction market is experiencing decent recovery in Brazil with the strengthening GDP. These developments are expected to drive the global construction material testing equipment market significantly.
Recent Innovations in Construction Material
With recent developments and innovation in the material used for construction are creating huge demand for construction material testing equipment, and are significantly driving the global construction material testing equipment market. Recent innovations in construction material are Martian concrete, self-healing concrete, pollution absorbing bricks, and CABKOMA strand rods, besides others. These material are significantly gaining momentum in the market, and it requires advanced construction material testing equipment for the evaluation of these materials.
In terms of value, the global construction material testing equipment market is expected to reach 3.8 Bn by 2027. By application, the residential segment is expected to register a CAGR of 5.6% in the construction material testing equipment market. The high rate of urbanization is driving the construction material testing equipment market’s residential segment. As per World Bank data, the global rate of urbanization has increased from 53% in 2013 to 54.8% in 2017.
Stringent Regulations and Standards by Regulatory Bodies
Various associations and regulatory bodies of different countries have defined a set of standards needed to be met during the construction process with respect to the building and material used. These standards and regulations play a key role and create huge demand for construction material testing equipment. Moreover, increasing concerns regarding safety and the need to construct buildings that are resistive to natural disasters play a key role in the construction material testing equipment market. Standards set by ASTM for building, cement, concrete, geotechnical, and others are the Standard Test Method for Lightweight Particles in Aggregate, Standard Test Method for Abrasion Resistance of Concrete by Sandblasting, and others. These are the few key standards that are having a positive impact on the growth of the global construction material testing equipment market.
Market in Asia Pacific Excluding Japan Surgingon Account of High Infrastructure Development
Asia Pacific excluding Japan is expected to hold a prominent market share in the global construction material testing equipment market during the forecast period. The booming construction industry and the increasing rate of urbanization in the developing countries of APEJ, such as China and India, are creating huge demand for construction material testing equipment. Various government projects in the construction sector such as constructing new highways, railways, airports, and others are expected to drive the construction material testing equipment market in APEJ.
As per Xinhua, news agency in China, construction companies in China are significantly contributing to infrastructure expansion in China, significantly impacting the construction material testing equipment market. In 1978, the country had only 52,000 km of railways in operation, and in 2017, the length increased to 127,000 km, including 25,000 km of high-speed railways. These developments have a huge positive impact on the growth of the global construction material testing equipment market.
Partnerships and Acquisitions Remain a Key Strategy Adopted by Vendors
Vendors of construction material testing equipment are continuously focusing on the development of advanced technology products with latest software by entering into partnerships or acquiring prominent market players. For instance, in October 2018, Eurofins Scientific, one of the players in bio analytical testing including construction material testing equipment, acquired TestAmerica, a prominent player in environmental consulting and engineering solutions. With this acquisition, Eurofins Scientific significantly delivered enhanced products and strengthened its position in the U.S. market. Partnerships and acquisitions have a significant impact on the construction material testing equipment market. Some of the key players in the construction material testing equipment market are Humboldt Mfg. Co., Controls S.p.A., Qualitest International Inc., Cooper Research Technology Ltd., EIE Instruments, Utest, Aimil Ltd., NL SCIENTIFIC INSTRUMENTS SDN BHD, Matest, and others.
Construction Material Testing Equipment Market:Report Synopsis
Future Market Insights (FMI) offers an 8-year forecast for the construction material testing equipment market between 2019 and 2027. In terms of value, the construction material testing equipment market is expected to register a moderate single-digit CAGR during the forecast period. The study provides the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ, and MEA, which influence the current nature and the future status of the construction material testing equipment market over the forecast period.
Construction Material Testing Equipment Market: Report Description
This research report provides a detailed analysis of the construction material testing equipment market, and offers insights on the various factors driving the popularity of construction material testing equipment. The construction material testing equipment market report includes an extensive analysis of the key industry drivers, challenges, market trends, and market structure. The construction material testing equipment market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The construction material testing equipment market report includes market segmentation on the basis of location, application, product type, and region.
The construction material testing equipment market is expected to witness significant value and volume growth during the forecast period, owing to the high demand for construction material testingin various countries around the world, and also due to the growing construction sector.
The report starts with an overview of the construction material testing equipment market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers, and challenges from the supply, demand, and economy side that are influencing the construction material testing equipment market.
On the basis of location, the construction material testing equipment market has been segmented into on-site, R&D laboratories, and educational institutes. On the basis of application, the construction material testing equipment market has been segmented into residential, commercial, transport, and other applications. On the basis of product type, the construction material testing equipment market has been segmented into soil testing equipment, aggregate testing equipment, concrete testing equipment, and others.
A detailed analysis has been provided for every segment in terms of market size analysis for the construction material testing equipment market across different regions. This section provides a detailed analysis covering the key trends prevalent in the global construction material testing equipment market.
The next section of the report covers a detailed analysis of the construction material testing equipment market across various countries in each region. It provides an outlook for the construction material testing equipment market for 2019–2027, and sets the forecast within the context of the construction material testing equipment market. This study discusses the key trends within the countries contributing to the growth of the construction material testing equipment market, as well as analyses the degrees at which the drivers are influencing the construction material testing equipment market in each region. The key regions and countries assessed in the construction material testing equipment market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the Rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ), and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the construction material testing equipment market across various regions, globally, for the period 2019–2027. We have considered 2018 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the construction material testing equipmentmarket is expected to grow in the future. Given the characteristics of the global construction materialtesting equipment market, we have triangulated the outcomes of different types of analysis based on the technology trends.
As previously highlighted, the global construction material testing equipmentmarket has been split into a number of segments. All segments on the basis of location, application, product type, and region have been analysed in terms of basis points to understand the relative contribution of each individual segment to the growth of the construction material testing equipmentmarket. This detailed information is important for the identification of various key trends in the global construction material testing equipment market.
In addition, another key feature of the global construction materialtesting equipmentmarket report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global construction material testing equipmentmarket.
In the final section of the global construction materialtesting equipment market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the construction material testing equipment market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a segment in the construction material testing equipmentsupply chain, and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the construction material testing equipment market. Some of the key competitors covered in the construction material testing equipmentmarket report are Humboldt Mfg. Co., Controls S.p.A., Qualitest International Inc., Cooper Research Technology Ltd., EIE Instruments, Utest, Aimil Ltd., NL SCIENTIFIC INSTRUMENTS SDN BHD, Matest, OFI Testing Equipment, Inc., Impact Test Equipment Ltd., Universal Motion Inc., Cement Test Equipment, OFI Testing Equipment, Inc., Torontech Inc., and others.
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