Overview and Scope
Construction material testing equipment refers to a range of instruments, apparatus, and machinery used to assess the physical and mechanical properties of materials commonly employed in construction projects. These testing tools are critical for determining the quality, strength, durability, and conformity of materials with industry standards in a variety of building projects.
Sizing and Forecast
The construction material testing equipment market size has grown strongly in recent years. It will grow from $3.08 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to infrastructure development, urbanization, stringent regulations, globalization, quality assurance requirements.
The construction material testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to renewable energy infrastructure, digitalization and industry 4.0, sustainable construction practices, smart cities development, global construction boom. Major trends in the forecast period include integration of artificial intelligence (AI) and machine learning (ML), rise of remote monitoring and telemetry, emphasis on sustainable testing solutions, expansion of portable and handheld devices, adoption of cloud-based testing platforms.
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Segmentation & Regional Insights
The construction material testing equipment market covered in this report is segmented –
1) By Product Type: Soil Testing Equipment, Aggregate Testing Equipment, Concrete Testing Equipment, Other Products
2) By Location: On-Site, R&D Laboratories, Educational Institutes
3) By Application: Residential, Commercial, Transport, Other Applications
4) By Industry: Food And Beverages, Pharmaceuticals, Metal Working, Building And Construction, Other Industries
North America was the largest region in the construction material testing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction material testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising expansion of the construction industry is expected to propel the growth of the construction material testing equipment market going forward. The construction industry refers to the sector dedicated to the planning, creation, renovation, and maintenance of physical structures and infrastructure. The construction sector is growing due to a significant demand for renovation, remodeling, and retrofitting of existing buildings and the increasing development of single-family homes, multi-family housing units, and affordable housing projects. Construction material testing equipment is used in the construction industry to assess the quality, strength, and durability of materials such as concrete, asphalt, soil, and aggregates, ensuring compliance with project specifications and regulatory standards. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. The volume of monthly construction output climbed by 2.0% in December 2021. In addition to the monthly rise, the construction industry’s quarterly production climbed by 1.0% in Q4 2021 compared to Q3 of the same year. Therefore, the rising expansion of the construction industry is driving the growth of the construction material testing equipment market.
Key Industry Players
Major companies operating in the construction material testing equipment market are Thermo Fisher Scientific Inc., Qualitest International Inc., MTS Systems Corporation, Zwick Roell Group, Aimil Ltd., Instron Corporation, Tinius Olsen Testing Machine Company, Hoskin Scientific, Gilson Company Inc., CONTROLS Group, Cooper Research Technology Ltd., Testmark Laboratories Ltd., Applied Test Systems, Pavement Technology Inc., Papworths Construction Testing Equipment Pty Ltd., Giatec Scientific Inc., Olson Instruments Inc., M&L Testing Equipment Inc., ELE International Ltd., CMT Equipment Ltd., Humboldt Mfg. Co., James Instruments Inc., Matest S.p.A., Torontech Inc., Forney LP
The construction material testing equipment market report table of contents includes:
1. Executive Summary
2. Construction Material Testing Equipment Market Characteristics
3. Construction Material Testing Equipment Market Trends And Strategies
4. Construction Material Testing Equipment Market – Macro Economic Scenario
5. Global Construction Material Testing Equipment Market Size and Growth
…
32. Global Construction Material Testing Equipment Market Competitive Benchmarking
33. Global Construction Material Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Material Testing Equipment Market
35. Construction Material Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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