Pavement Tester Market
Pavement Tester Market 2018-2028: Rapidly Increasing Urbanization Rates in Emerging Economies Driving Growth
- Ongoing
- March 2020
- REP-GB-8398
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This Pavement Tester market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Pavement Tester market.
The continuous evolution in construction industry coupled with rapidly growing urbanization rates is having the positive impact on the growth of pavement tester market. The increasing infrastructure development has led to the depletion of natural coverage, which further imposes the significant environmental impacts, and therefore, due to this factor the demand for pavement tester is increasing to evaluate the road surfaces in accordance with the standards. The pavement tester is increasing 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 tester to determine the behavior of pavements in combination with other materials is the major factor driving the growth of pavement tester market.
A pavement tester is a testing equipment which is used to verify the quality and quantity of required materials of newly constructed roads and to determine the remaining life of pavements or existing roads. The pavement tester is used for quality measurement of highways, airport runways, and parking roads. Moreover, 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.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Pavement Tester Market: Drivers and Challenges
Drivers
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 pavement tester market. Furthermore, the growing construction industry and rising focus of government of various developed and developing economies towards the betterment of infrastructure are the factors which are creating potential growth opportunities for 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 tester for runway testing to estimate the service life is also one of the major factors driving the growth of the pavement tester market.
Challenges
The lack of skilled personnel is the primary challenge for the growth of 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.
Pavement Tester Market: Competition Landscape
Key Players
Prominent players in the global 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, and M & L Testing Equipment, Inc.
Pavement Tester Market: Regional Overview
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. Moreover, North America and Europe are also expected to capture large share in terms of revenue in global pavement tester market due to the presence of various leading pavement tester manufacturers in the regions. The Pavement Tester markets in MEA and 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.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Pavement Tester Market Segments
- Pavement Tester Market Dynamics
- Pavement Tester Market Size
- Supply & Demand
- Current Trends/Issues/Challenges in Pavement Tester Market
- Competition & Companies Involved in Pavement Tester Market
- Technology
- Pavement Tester Market Value Chain
- Pavement Tester Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Pavement Tester Market: Segmentation
Segmentation of Pavement Tester Market on the Basis of Product Type:
- Instruments
- Kits & Accessories
Segmentation of Pavement Tester Market on the Basis of Testing Type:
- Asphalt Content Testing
- Soil Density Testing
- Continuous Friction Testing
- Falling Weight Testing
- Others
Segmentation of Pavement Tester Market on the Basis of End User:
- Road/Highway Construction Industries
- Educational Institutes
- Research & Development Centres
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Akshay Godge
Client Partner - Global Business Development
