In 2023, the global construction material testing equipment (CMTE) industry reached a value of USD 3 billion. Over the forecast period, the industry is expected to grow at a CAGR of 4.9%. The market is projected to rise from USD 3.3 billion in 2024 to USD 5.3 billion by 2034.
The manufacturing vertical is basically driving the construction material testing equipment market. Construction material testing equipment, as the name suggests, is used for performing testing of structural components and material used for construction. They include testing of deep and shallow foundations, wood construction, earthwork, non-destructive concrete testing, destructive concrete testing, structural masonry, structural steel, asphalt pavement evaluation, and likewise.
Soil testing as well as concrete testing are the vital tests performed at the time of construction in which construction material testing equipment. Thus, data of soil mechanics could be analysed along with compatibility with clay, sand, rock, silt, and likewise.
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Amongst the recent developments include Martian concrete, pollution absorbing bricks, self-healing concrete, and CABKOMA strand rods, and likewise.
ASTM has set up standards for cement, building, geotechnical, concrete, and likewise; which are Standard Test Methods for lightweight particles in Aggregate, Standard test method for Abrasion Resistance of Concrete by Sandblasting, and others.
Future Market Insights has etched these findings with insights in its latest market study entitled ‘Construction Material Testing Equipment Market’. It has its dedicated team of analysts and consultants to execute using a 360-degree approach in its primary, secondary, and tertiary modes of research.
“With elimination of hazards related to individual building procedures, the global construction material testing equipment market is expected to stimulate in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Construction Material testing Equipment Market
- The Asia-Pacific is expected to grow at the quickest rate in the construction material testing equipment market going forward with China leading from the front. The construction vertical holds the major chunk of revenue herein. This could be reasoned with high-speed railways being increasingly constructed. India is also witnessing proliferation of metros throughout.
- North America and Europe are at the matured stage of construction material testing equipment market and the scenario is expected to remain unchanged even in the forecast period.
Competitive Analysis
- The key players in construction material testing equipment market include Humboldt Mfg. Co., Controls S.p.A., Qualitest International Inc., Cooper Research Technology Ltd., EIE Instruments, Utest, Aimil Ltd., NL Scientific Instruments SDN BHD, Matest, OFI Testing Equipment, Inc., Impact Test Equipment Ltd., Universal Motion Inc., Cement Test Equipment, Torontech Inc., and likewise.
- The players mentioned above are into organic as well as inorganic modes of expansion in the form of new product launches, mergers, acquisitions, partnerships, joint ventures, and likewise to strengthen the foothold in construction material testing equipment market.
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What does the Report test?
- The research study is based on location (on-site, R&D laboratories, and educational institutes), application (commercial, residential, transport, and other applications), and product type (soil testing equipment, aggregate testing equipment, concrete testing equipment, and likewise).
- With an utmost need for compliance with state and national directives as well as regulations with regards to infrastructure, the global construction material testing equipment market is bound to grow well in the forecast period.
Key Segment
On the basis of location
- on-site
- R&D laboratories
- educational institutes
On the basis of application
- residential
- commercial
- transport
- other applications
On the basis of product type
- soil testing equipment
- aggregate testing equipment
- concrete testing equipment
- others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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