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Pavement Tester Market

Market Insights on Pavement Tester covering sales outlook, demand forecast & up-to-date key trends

Pavement Tester Market by Testing Type, Product Type, End-Use & Region - Forecast 2022 - 2032

Pavement Tester Market Snapshot (2022-2032)

Global pavement tester demand is anticipated to be valued at US$ 1.8 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 3.01 Billion from 2022 to 2032.

The continuous evolution in the construction industry coupled with rapidly growing urbanization rates is having a positive impact on the growth of the pavement tester market. The increasing infrastructure development has led to the depletion of natural coverage, which further imposes significant environmental impacts, and therefore, due to this factor the demand for pavement testers is increasing to evaluate the road surfaces in accordance with the standards.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 1.76 Billion

Expected Market Value (2022)

US$ 1.8 Billion

Anticipated Forecast Value (2032)

US$ 3.01 Billion

Projected Growth Rate (2022-2032)

5% CAGR

The pavement tester is increasingly adopted by the engineers and urban planners owing to the advantages of modern pavement testers over the traditional methods in terms of eradicating the risk of downstream flooding. Moreover, the increasing demand for pavement testers to determine the behaviour of pavements in combination with other materials is the major factor driving the growth of the pavement tester market.

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Which are Some Prominent Drivers Spearheading pavement testers Market Growth?

The adoption of pavement tester is increasing continuously to determine the structural performance of asphalt under high temperature and for determining the impact of speed on the performance of asphalt and therefore, due to this factor the pavement tester market is expected to grow significantly in coming years.

The continuous innovation in the testing equipment coupled with the increasing demand for advanced equipment for improving productivity and efficiency is the key factor driving the growth of the pavement tester market. Furthermore, the growing construction industry and rising focus of governments of various developed and developing economies towards the betterment of infrastructure are the factors which are creating potential growth opportunities for the pavement tester market.

Moreover, with the increasing research and development expenditure by public & private organizations and by the government of various emerging economies is also driving the growth of pavement tester market. Apart from this, the boom in smart city projects and smart infrastructure development is creating the need for advanced pavement testers, and thus, fuelling the growth of pavement testers market. Also, the increasing demand for pavement testers for runway testing to estimate the service life is also one of the major factors driving the growth of the pavement tester market.

What is the Most Expected Challenge for the Market?

The lack of skilled personnel is the primary challenge for the growth of the pavement tester market. Moreover, less adoption of advanced pavement testers in various undeveloped economies is also one of major factors which hampers the growth of pavement tester market.

Nikhil Kaitwade
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Region-wise Insights

Why is Asia Pacific Region Emerging as an Opportunistic pavement tester Market?

On the basis of geography, Asia Pacific is expected to capture the substantial market share in terms of revenue in the pavement tester market, due to the increasing demand for advanced testing technologies and growing construction industry in the region. Asia Pacific is also expected to witness high growth rates during the forecast period owing to the rapid urbanization and rising demand for advanced pavement testers. 

How are North America and Europe Contributing to Growth of the pavement tester Market?

According to Future Market Insights, North America and Europe are also expected to capture a large share in terms of revenue in the global pavement tester market due to the presence of various leading pavement tester manufacturers in the regions.

Moreover, the pavement tester markets in Latin America witness moderate growth, due to the increasing number of research institutes and significant investments in the research and development sector of various countries in these regions.

Market Competition

Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the pavement tester market are Controls Group, Stanley, Gilson Company, Inc., Humboldt Mfg. Co., Cooper Technology, PaveTesting Limited, GDS Instruments, Geo-Con Products Pty Ltd., Test Mark Industries, Forney LP, M & L Testing Equipment, Inc. and others.

Attributed to the presence of such a high number of participants, the market is highly competitive. A pavement tester market report also contains projections using a suitable set of assumptions and methodologies. Global pavement tester research report provides analysis and information according to market segments such as geographies, application, and industry.

Globally, the pavement tester market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global market.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Testing Type
  • Product Type
  • End-use

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Controls Group
  • Stanley
  • Gilson Company, Inc.
  • Humboldt Mfg. Co.
  • Cooper Technology
  • Pave Testing Limited
  • GDS Instruments
  • Geo-Con Products Pty Ltd.
  • Test Mark Industries
  • Forney LP
  • M & L Testing Equipment Inc.

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Key Segments Profiled in the Pavement Tester Industry Survey

Pavement Tester Market on the Basis of Product Type:

  • Pavement Tester Instruments
  • Pavement Tester Kits & Accessories

Pavement Tester Market on the Basis of Testing Type:

  • Pavement Tester for Asphalt Content Testing
  • Pavement Tester for Soil Density Testing
  • Pavement Tester for Continuous Friction Testing
  • Pavement Tester for Falling Weight Testing
  • Pavement Tester for Other Testing Types

Pavement Tester Market on the Basis of End User:

  • Pavement Tester for Road/Highway Construction Industries
  • Pavement Tester for Educational Institutes
  • Pavement Tester for Research & Development Centres
  • Pavement Tester for Other End Users

Pavement Tester Market on the Basis of Region:

  • North America Pavement Tester Market
  • Latin America Pavement Tester Market
  • Europe Pavement Tester Market
  • CIS & Russia Pavement Tester Market
  • Japan Pavement Tester Market
  • APEJ Pavement Tester Market
  • Middle East and Africa Pavement Tester Market

Frequently Asked Questions

FMI projects the global pavement tester market to expand at a 5% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic pavement tester market.

Controls Group, Stanley, Gilson Company, Inc., and Humboldt Mfg. Co., are some prominent pavement tester manufacturers.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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