The global construction material testing equipment (CMTE) market reached USD 3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% over the forecast period, rising from USD 3.3 billion in 2024 to USD 5.3 billion by 2034.
Key factors driving this growth include:
- Increased focus among property buyers on construction quality prior to purchase
- Greater emphasis on durable construction for enhanced public safety
- Strong growth in the construction materials market and ongoing product innovation
- Strict regulatory standards for construction material testing
Demand for construction material testing equipment remains strong within the construction sector, particularly for on-site applications—where 50% of equipment sales were recorded in 2018. R&D laboratories and educational institutions also rely on this equipment for material testing during production and pilot studies. Ongoing R&D in the industry to develop more durable materials further emphasizes the critical role of construction material testing equipment.
Over 3 in 10 Testing Equipment Sold in Commercial Applications in 2018
Material testing plays a crucial role throughout construction testing as it provides affordable as well as important measures required to ensure long-term sustenance of all infrastructures. With the rising commercial building constructions in developed as well as developing regions, application of construction material testing equipment is likely to consolidate in the commercial application which accounted for over one-third of total sales in 2018.
The FMI study finds that commercial applications accounted for nearly 30% of global sales of construction material testing equipment, whereas transport applications accounted for nearly 20% sales. Residential application also contributed to a significant demand for construction material testing equipment as manufacturers now deliver residential application-specific testing equipment.
Soil Testing Equipment Remain Highly Sought-After
The FMI finds that demand for soil testing equipment remains highest in the construction material testing equipment market and accounted for over 4 in 10 testing equipment sold in 2018. Inspection of soil properties is essential to implement any infrastructure project successfully.
Henceforth, soil testing equipments play crucial role in helping builders to understand the behavior of soil which will be used in construction projects as a structural or filling material.
The study opines that remaining 60% share of the construction material testing equipment sales was attributed to equipments that test materials such as aggregate, concrete and other construction materials.
According to the FMI study, APEJ accounted for one-third of the global demand for construction material testing equipment in 2018. Over the past few years, investments in infrastructure have been one of the key drivers of the region’s economic development.
The region has a dynamic construction sector wherein some countries are engaged in developing domestic infrastructure whereas others are leveraging the potential of export market. In particular, China remains a highly competitive market for construction material testing equipment and accounted for over one-fourth of APEJ demand in 2018.
The FMI report tracks the construction material testing equipment market for the period 2019-2027. According to the report, the construction material testing equipment market is projected to grow at 4.9% CAGR through 2027.
Leading Construction Material Testing Equipment Brands
- Humboldt Mfg. Co
- Controls S.p.A
- Qualitest International Inc.
- Cooper Research Technology Ltd
- EIE Instruments
- Latest
- Aimil Ltd
- NL SCIENTIFIC INSTRUMENTS SDN BHD
- Matest
Key Segments of Market Report
By End-use:
As per end-use, the industry has been categorized into on-site, research and development laboratories, and educational institutes.
By Application:
Based on application, the sector is segmented into residential, commercial, transport, and other applications.
By Product Type:
By product type, the sector is split into soil testing equipment, aggregate testing equipment, concrete testing equipment, and others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, and the Middle East and Africa.
Report Preview: https://www.futuremarketinsights.com/reports/construction-material-testing-equipment-market
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