According to Goldstein Research, “Development of smart cities is driving the demand for construction material testing equipment to a very large extent. Introduction of reliable and quality construction material testing equipments can be a big opportunities for local and regional players. However, price fluctuation of construction material testing equipment is expected to restrain the expansion of construction material testing equipment market across the globe.”
“Global Construction Material Testing Equipment Market Outlook 2024”
Global construction material testing equipment market is segmented on the basis of equipment type, by location and by end user. End-user segment is further categorized into industrial user and educational institute. Industrial sector occupied 75% revenue share of global construction material testing equipment market in 2016. Rapid growth of infrastructure and smart cities development is likely to contribute in the demand for construction material testing equipments for industrial user.
Asia-Pacific construction material testing equipment market valued USD 0.74 billion in 2016 and is expected to grow at a CAGR of 5.0% during the forecast period. Rapid growth of construction industry in countries such as Vietnam, China, Philippines, Hong Kong, Singapore and India are projected to boost the demand for construction material testing equipment market in the region.
Innovations to test materials for smart environment
Innovative construction material is the core segment of construction industry. These materials are helping in establishing an innovative approach for building construction. Materials such as Seismic shielding, self-healing cement, Super wood, perspiring polymer which helps in making the buildings sweat to cool down and many more. As the smart materials are taking place of conventional construction materials the need for advanced material testing equipment is eventually increasing.
“Global Construction Material Testing Equipment Market 2024” contains detailed overview of the global construction material testing equipment market in terms of market segmentation by equipment type, by location and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global construction material testing equipment market also provides competitive outlook of some of the major players of global construction material testing equipment market which includes profiling of companies such as Aimil Ltd., Humboldt Mfg., Matest, ELE International, CONTROLS Group, Myers Associates, Inc., EIE Instruments Private Ltd., Applied Test Systems, Illinois Tool Works, NL SCIENTIFIC INSTRUMENTS, Papworths Construction Testing Equipment, Shimadzu Corporation, Tinius Olsen Testing Machine Company, Zwick Roell, GlobalGilson and CMT Equipment. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global construction material testing equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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