The Soil Testing Equipment Global Market Report 2023, provides comprehensive information on the soil testing equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global soil testing equipment market size is expected to grow from $4.14 billion in 2022 to $4.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soil testing equipment market size is expected to reach $7.15 billion in 2027 at a CAGR of 11.3%.
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Technological advancements are a key trend gaining popularity in the soil testing equipment market. Companies operating in the soil testing equipment market are adopting new technologies to sustain their position in the market. For instance, in August 2022, Precision Planting, a US-based agricultural service provider, launched a cloud-based system called Radicle Agronomics. It includes a self-calibration technology running on Radicle Lab and a fully automated soil sample tagging machine, GeoPress™. With this, an agronomist can provide enhanced soil nutrient management advice to their clients by utilizing a cloud-based software solution that integrates every stage of the field-to-lab process. Radicle Lab™ is the first wholly automated soil laboratory with self-calibration technology and the capacity to run hundreds of samples unattended. Radicle Lab™ breakthrough, patent-pending MicroflowTM technology eliminates all human interactions during the standard laboratory process, allowing agronomists to produce a precision soil analysis in minutes without lifting a finger.
The soil testing equipment market is segmented:
1) By Type Of Test: Physical, Residual, Chemical
2) By Site: Laboratory, On-site
3) By Degree Of Automation: Manual, Semi-Automatic, Automatic
4) By End-User: Construction industry, Agriculture industry
North America was the largest region in the soil testing equipment market in 2022.
The table of contents in TBRC’s soil testing equipment market report includes:
- Executive Summary
- Soil Testing Equipment Market Characteristics
- Soil Testing Equipment Market Trends And Strategies
- Soil Testing Equipment Market – Macro Economic Scenario
- Soil Testing Equipment Market Size And Growth
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- Africa Soil Testing Equipment Market
- Soil Testing Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Soil Testing Equipment Market
- Soil Testing Equipment Market Future Outlook and Potential Analysis
- Appendix
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