Future Market Insights (FMI) projects that the soil field testing equipment market will reach a valuation of over USD 680.0 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% through 2033, ultimately surpassing USD 1.1 billion. Key growth drivers include advancements in farm management practices, increasing agricultural intensification, and enhanced test accuracy.
Precision agriculture practices that assess soil fertility, leachability, and nutrient movement contribute significantly to yield maximization and cost-efficiency, spurring demand for soil testing tools. These tools help farmers optimize fields by dividing them into zones, improving crop yields while reducing input costs. Furthermore, the demand for soil field testing equipment is bolstered by ongoing infrastructure improvements.
Common soil testing equipment includes moisture testers, penetrometers, soil density devices, shear vane sets, resistivity tests, density volumeters, and digital pH meters. Rigorous standards set by regulatory bodies such as the National Bureau of Standards, the American Association of State Highway and Transportation Officials (AASHTO), and the American Society for Testing and Materials (ASTM) ensure quality and consistency, especially for construction industry applications.
Key Takeaways from Market Study
- During the forecast period, the soil field testing equipment market in Asia Pacific is expected to remain relatively strong.
- The total sales of the soil field testing equipment are expected to record a significant CAGR of 5.3%.
- Sales of the construction segment are projected to record a CAGR of 4.8% over the forecast period.
- The residual segment sales are projected to record a CAGR of 5.1%.
- The soil testing kit market is likely a promising CAGR of 10.4% during 2022 to 2032 and is expected to be valued at USD 11.30 billion by 2032
Competitive Landscape:
Companies are maintaining a competitive position in the market by pursuing inorganic growth strategies, such as partnerships, geographical expansion, and mergers & acquisitions. To expand their operational presence in different parts of the world, major companies in the global soil field testing equipment market are focusing on launching advanced equipment made from innovative materials and acquiring other companies.
Several prominent companies dominate this market, including Humboldt Mfg. Co., Controls S.p.A., GlobalGilson.com, EIE Instruments, FilWEB, ELE International, Aimil Ltd., LaMotte Company, PCTE, W.W. Grainger, Inc., Geocomp Corporation, Cooper Technology, Thomas Scientific, Dexsil and others.
Recent Developments:
In November 2020, Agilent Technologies entered into a partnership with SGS. This partnership resulted in the development of a GC/TQ method called SGS AXYS Method 16130. Dioxins will be regulated and detected using this method, which has been approved by the United States EPA. As a result of the proposed method, dioxin exposure is expected to be greatly reduced in soils, agricultural lands, and water sources.
In September 2019, an international leader in soil field testing equipment launched an updated, modernized version of its software in compliance with ASTM and AASTHO standards. This product is designed for use in geotechnical laboratories for research and development. The updated version of soil testing will improve soil permeability, consolidation, and triaxiality.
The Soil Field Testing Equipment Market Segmentation by Category
By Test Type:
- Physical
- Shear Strength Equipment
- Leachability Equipment
- Plasticity Equipment
- Permeability Equipment
- Residual
- GC-MS
- ICP-MS
- Chemical
- PH Meters
- Salinity Testing Equipment
- Test Kits & Reagents
By Site:
- Laboratory Site
- On-Site
By Degree of Automation:
- Manual
- Semi-automatic
- Automatic
By End Use Industry:
- Agriculture
- Construction
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
Report Preview: https://www.futuremarketinsights.com/reports/soil-field-testing-equipment-market
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 over 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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