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Market Research Report

Global Construction Material Testing Equipment Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-09-14 Report Page : 170 Category:Hardware ICT

Global Construction Material Testing Equipment Market

Market Overview

Rising digitization is impacting the growth of engineering & construction (E&C) sector. Need for better and affordable society is growing with rising urban population mainly in developing economies. Expansion of construction industry is accelerating the demand for advance construction material testing equipments across the globe. However, engineering & construction industry is facing a slower pace to adopt innovative technology as compared to other end-user industries.

Construction and education industry is expected to witness promising growth for construction material testing equipments as the governments of developing economies such as India and Brazil are encouraging Foreign Direct investment (FDI) for infrastructure development. However, ongoing slowdown in growth of global economy and currency devaluation is affecting the engineering & construction business which is likely to hamper the demand for construction material testing equipments in the near future.

Market Segmentation

Global construction material testing equipment market is categorized on the following basis:

  • Based on Equipment Types
    • Soil Testing Equipment
    • Cement & Concrete Testing Equipment
    • Compressive Strength Testing Equipment
    • Aggregate Testing Equipment
    • Bitumen Testing Equipment
    • General Laboratory Testing Equipment
  • Based on Location
    • On-site testing equipment
    • Laboratory testing Equipment
  • Based on End User
    • Industrial User
    • Educational Institute
  • Based on Geography
    • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}
    •  Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}
    • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}
    • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}
    • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}
    •  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Sales (Units)}

Market Size and Forecast (2016-2024)

Global construction material testing equipment market valued USD 1.63 billion in 2015 and is projected to grow at a CARG of 3.92% during the forecast period.

Asia-Pacific (APAC) region accounts for over 42% revenue share of global construction material testing equipment market in 2015. Asia-Pacific region will continued to be the largest market owing to rising per capita income along with increasing urbanization in the region. Rapid urbanization in emerging economies like China and India and development of new cities in the region are the major driving factors for the growth of infrastructure segment in Asia-Pacific region. Expansion of construction industry in Asia-Pacific will eventually boost the demand for construction material testing equipments in the region.

North America and Europe, being mature markets are estimated to witness moderate growth with 10% of global market share of construction material testing equipment market by the end of 2024. Middle East and Africa region is anticipated to experience high growth in global construction material testing equipment market over the forecast period. MEA is accounted for approximately 35% market share of the global market for construction material testing equipment in 2016. Huge investment in infrastructure and building construction in countries such as Qatar, Saudi Arabia, Oman and the United Arab Emirates (UAE) is fuelling the growth of construction material testing equipment market in the region.

Market Drivers and Challenges

Rapid expansion of infrastructure industry in developing nations is key driving factor for the growth of global construction testing material equipment market. Low cost testing equipment provided by local group of companies is increasing the demand among smaller construction companies. Moreover, strict government regulations and standards for construction materials are increasing the necessity for the development of advanced testing equipment for construction material. These regulations will bring positive business opportunities for construction testing material equipment market in the near future. Educational institutes are also using advanced construction material testing equipment for learning purpose which is bolstering the demand for construction testing material equipments across the globe.

However, high initial cost of material testing equipment is limiting adoption among small construction companies and contractors of developing countries. Industrial and laboratory based construction material testing equipment has high operational and maintenance cost. For educational institute, high operational & maintenance cost of equipments is expected to obstruct the adoption of new construction material testing equipments and eventually will suppress the growth of the market.

Key Market Players

  • Aimil Ltd.
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • 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
  • CMT Equipment

Scope Background

Market Synopsis

Market Segmentation

The global construction material testing equipment market is segmented as follows:

  • By Equipment Types (Market Size, Demand Analysis and Growth Analysis)
  • By Location (Market Size, Demand Analysis and Growth Analysis)
  • By End-User (Market Size, Demand Analysis and Growth Analysis)

By Regions

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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