Quick Summary:
In the fast-paced and continuously evolving construction industry, keen insights into the trends and projections of the Construction Material Testing Equipment market have never been more crucial. Comprehending the growth potential and inherent market dynamics is paramount, and this is encapsulated in our latest market report. Estimations indicate that the global market for construction material testing equipment is projected to reach $4.7 Billion by 2030, a growth trajectory that validates the market's future potential, with an age of technological innovation in the construction industry.
Our detailed report not only offers insights into global trends but also analysis of the notable geographic markets such as the U.S and China. The U.S Construction Material Testing Equipment market, for instance, is projected to be worth $803.2 Million in 2022. China, an economic powerhouse and a significant player in construction, is forecasted to reach a market size of $1.1 Billion by 2030, and certainly a market to watch. Additionally, market presence, global competitiveness, and market shares of key competitors are also explored to grant readers a comprehensive understanding of the competitive landscape and potential growth areas in the industry.
Global Construction Material Testing Equipment Market to Reach $4.7 Billion by 2030
The global market for Construction Material Testing Equipment estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Aggregate Testing Equipment, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Concrete Testing Equipment segment is readjusted to a revised 5.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $803.2 Million, While China is Forecast to Grow at 8.7% CAGR
The Construction Material Testing Equipment market in the U.S. is estimated at US$803.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 38 Featured) -
- Aimil Ltd.
- Applied Test Systems, Inc.
- Canopus Instruments
- CMS (Controle Mesure Systemes)
- CMT Equipment
- Controls S.p.A.
- ELE International
- Gilson Co., Inc.
- Humboldt Mfg. Co.
- IMP SCIENTIFIC
- Instron India Pvt Ltd.
- James Instruments Inc.
- Labquip Limited
- Matest S.p.A.
- MTS Systems Corporation
- NDT International, Inc.
- NL Scientific Instruments Sdn Bhd
- Novanna
- Olson Instruments, Inc.
- Papworths Construction Testing Equipment Pty., Ltd.
- Qualitest International Inc.
- Shimadzu Corporation
- Test Mark Industries
- Tinius Olsen TMC
- UTEST
- Wirsam Scientific
- ZwickRoell GmbH & Co. KG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Construction Material Testing Equipment?
What is the growth rate of the Global Market for Construction Material Testing Equipment?
What is the forecasted size of the Global Market for Construction Material Testing Equipment?
Who are the key companies in the Global Market for Construction Material Testing Equipment?
Report Attribute | Details |
---|---|
No. of Pages | 292 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3 Billion |
Forecasted Market Value ( USD | $ 4.7 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aimil Ltd.
- Applied Test Systems, Inc.
- Canopus Instruments
- CMS (Controle Mesure Systemes)
- CMT Equipment
- Controls S.p.A.
- ELE International
- Gilson Co., Inc.
- Humboldt Mfg. Co.
- IMP SCIENTIFIC
- Instron India Pvt Ltd.
- James Instruments Inc.
- Labquip Limited
- Matest S.p.A.
- MTS Systems Corporation
- NDT International, Inc.
- NL Scientific Instruments Sdn Bhd
- Novanna
- Olson Instruments, Inc.
- Papworths Construction Testing Equipment Pty., Ltd.
- Qualitest International Inc.
- Shimadzu Corporation
- Test Mark Industries
- Tinius Olsen TMC
- UTEST
- Wirsam Scientific
- ZwickRoell GmbH & Co. KG