PUBLISHER: The Business Research Company | PRODUCT CODE: 1465709
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465709
Construction material testing equipment encompasses a variety of tools, instruments, and machinery utilized to evaluate the physical and mechanical characteristics of materials commonly used in construction projects. These testing instruments play a crucial role in assessing the quality, strength, durability, and compliance of materials with industry standards across a range of building endeavors.
The primary categories of construction material testing equipment include soil testing equipment, aggregate testing equipment, concrete testing equipment, and others. Soil testing equipment is designed for analyzing the physical and chemical properties of soil samples, facilitating geotechnical and environmental assessments. It finds application in diverse settings, including on-site locations, R&D laboratories, and educational institutions, serving purposes such as residential, commercial, and transport projects. Various end-users, including industries such as food and beverages, pharmaceuticals, metalworking, and building and construction, utilize these testing tools.
The construction material testing equipment market research report is one of a series of new reports from The Business Research Company that provides construction material testing equipment market statistics, including construction material testing equipment industry global market size, regional shares, competitors with construction material testing equipment market share, detailed construction material testing equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the construction material testing equipment industry. This construction material testing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The construction material testing equipment market size has grown strongly in recent years. It will grow from $3.08 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The expansion observed in the historical period can be credited to factors such as infrastructure development, urbanization, rigorous regulations, globalization, and the increasing demand for quality assurance.
The construction material testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be linked to the development of renewable energy infrastructure, digitalization, and Industry 4.0, the adoption of sustainable construction practices, the progress in smart cities development, and the ongoing global construction boom. Noteworthy trends expected in the forecast period encompass the integration of artificial intelligence (AI) and machine learning (ML), the surge in remote monitoring and telemetry, a heightened focus on sustainable testing solutions, the proliferation of portable and handheld devices, and the widespread adoption of cloud-based testing platforms.
The expansion of the construction industry is poised to drive the growth of the construction material testing equipment market in the foreseeable future. The construction sector, encompassing activities related to the planning, construction, renovation, and maintenance of physical structures and infrastructure, is experiencing significant growth driven by escalating demand for renovation, remodeling, and retrofitting of existing buildings, as well as the burgeoning development of single-family homes, multi-family housing units, and affordable housing projects. In this context, construction material testing equipment plays a crucial role in assessing the quality, strength, and durability of materials such as concrete, asphalt, soil, and aggregates, ensuring adherence to project specifications and regulatory standards. For instance, as reported by the Office for National Statistics in February 2022, the UK's construction sector witnessed a remarkable annual growth of 12.7% in 2021 compared to the previous year, with a notable 2.0% increase in monthly construction output in December 2021. Moreover, quarterly production in Q4 2021 surged by 1.0% compared to Q3 of the same year. Consequently, the burgeoning expansion of the construction industry is a driving force behind the growth of the construction material testing equipment market.
Key players in the construction material testing equipment market are actively developing innovative solutions to gain a competitive advantage. One notable advancement is the development of connected CMT (construction materials testing) machines, integrating digital technology and software platforms to facilitate seamless communication and data exchange between machines and external systems. For example, in January 2024, Forney LP, a leading US-based manufacturer of construction materials testing machines, introduced Connected CMT Machines. These cutting-edge machines revolutionize the testing process by mitigating the risk of specimen misidentification and significantly enhancing efficiency and accuracy. With connected machines, technicians can expedite the loading and testing of specimens, ensuring each test is conducted on the correct specimen and date. This is made possible through advanced features such as positive specimen identification via barcode scanning and pre-test Smart Checks that validate sample data and characteristics. Integration with ForneyVault, a robust software platform, further elevates the testing process by providing comprehensive XY plot data for every test, alerts and notifications for calibration expiration and variance, and streamlined workflows for reporting and approvals. This innovative solution underscores a commitment to advancing efficiency and accuracy in construction material testing, addressing critical industry needs while enhancing overall project outcomes.
In November 2022, Nova Measurements LLC, a semiconductor manufacturing firm headquartered in Italy, completed the acquisition of VJ Tech Limited for an undisclosed sum. This strategic move is anticipated to bolster Nova Measurements LLC's product offerings within the laboratory and on-site precision testing equipment sector, particularly catering to the construction and civil engineering industries. VJ Tech Limited, a UK-based company renowned for its expertise in manufacturing testing instruments, focuses on supplying high-quality construction material testing equipment.
Major companies operating in the construction material testing equipment market are Thermo Fisher Scientific Inc., Qualitest International Inc., MTS Systems Corporation, Zwick Roell Group, Aimil Ltd., Instron Corporation, Tinius Olsen Testing Machine Company, Hoskin Scientific, Gilson Company Inc., CONTROLS Group, Cooper Research Technology Ltd., Testmark Laboratories Ltd., Applied Test Systems, Pavement Technology Inc., Papworths Construction Testing Equipment Pty Ltd., Giatec Scientific Inc., Olson Instruments Inc., M&L Testing Equipment Inc., ELE International Ltd., CMT Equipment Ltd., Humboldt Mfg. Co., James Instruments Inc., Matest S.p.A., Torontech Inc., Forney LP
North America was the largest region in the construction material testing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction material testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the construction material testing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The construction material testing equipment market consists of sales of non-destructive testing equipment, safety equipment, and calibration equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Construction Material Testing Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on construction material testing equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for construction material testing equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The construction material testing equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.