Overview and Scope
Soil testing equipment refers to equipment and devices employed to examine soil specimens for different factors, including chemical composition, hazardousness, acidity level, saltiness, and subterranean organisms. It is widely utilized to conduct geotechnical tests that offer useful insights into the soil mechanics properties that impact the robustness and durability of pavements, embankments, and other constructions.
Sizing and Forecast
The soil testing equipment market size has grown rapidly in recent years. It will grow from $4.66 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing agricultural activities, government initiatives and regulations, awareness about soil health, global food security concerns, farm consolidation and size increase.
The soil testing equipment market size is expected to see rapid growth in the next few years. It will grow to $7.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increasing emphasis on precision agriculture, climate change adaptation, growing popularity of sustainable agriculture, government support and subsidies, expanding agricultural export markets. Major trends in the forecast period include focus on cost-effective solutions, market consolidation and partnerships, global food security concerns, demand for sustainable agriculture, data-driven decision-making.
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Segmentation & Regional Insights
The soil testing equipment market covered in this report 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 2023. The regions covered in the soil 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 rise in the number of construction activities is expected to boost the growth of the soil testing equipment market going forward. Construction activities refers to all work done in connection with the development, assembly, modification of buildings, structures, roadways, including the clearing, grading, excavation, and filling of land. Soil testing is a scientific instrument for evaluating and analyzing soil’s intrinsic technical and physical properties and carrying capacity. It facilitates the selection of the particular foundation where construction has to be done. For instance, in 2022, according to a report shared by ToolSense, an Austria-based software company related to construction, facility services, mining, agriculture, logistics, or manufacturing, the number of housing units built in 2021 was 1,337,800, which is a 4% rise over the previous year. Between March and July 2020, the volume of residential building rose by 275%. Therefore, the rise in the number of construction activities is driving the growth of the soil testing equipment market.
Key Industry Players
Major companies operating in the soil testing equipment market report are Controls S.p.A., ELE International, Gilson Company Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer Inc., Merck KGaA, LaMotte Company, Humboldt Mfg. Co., EIE Instruments Private Limited, Sun Labtek Equipments (I) Private Limited, S.W. Cole Engineering Inc., Eurofins Scientific S.E., M&L Testing Equipment LLC, Alfa Testing Equipment LLC, Martin Lishman Ltd., Geotechnical Testing Equipment (UK) Ltd, Matest, Shambhavi Impex, SGS Société Générale de Surveillance SA, ALS Limited, Element Materials Technology Group Limited, Intertek Group plc, Bureau Veritas S.A., PCE Instruments, GDS Instruments, Seidner Laboratories Inc., Geotest Instrument Corporation, Geo-Slope International Ltd., Soil Mechanics Corporation
The soil testing equipment market report table of contents includes:
- Executive Summary
- Soil Testing Equipment Market Characteristics
- Soil Testing Equipment Market Trends And Strategies
- Soil Testing Equipment Market – Macro Economic Scenario
- Global Soil Testing Equipment Market Size and Growth
- Soil Testing Equipment Market Segmentation
- Soil Testing Equipment Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Soil Testing Equipment Market
- Soil Testing Equipment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Soil Testing Equipment Market, Segmentation By Type Of Test, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Soil Testing Equipment Market, Segmentation By Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Soil Testing Equipment Market, Segmentation By Degree Of Automation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 75: Controls S.p.A. Financial Performance
Table 76: ELE International Financial Performance
Table 77: Gilson Company Inc. Financial Performance
Table 78: Thermo Fisher Scientific Inc. Financial Performance
Table 79: Agilent Technologies Inc. Financial Performance
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