Global Soil Testing Equipment Market Forecast to 2028

The Emergen Research Global Soil Testing Equipment Market research study is a thorough compilation of analytical data regarding the Soil Testing Equipment sector. The study contains a segmentation of the Soil Testing Equipment market as well as a thorough analysis of the market's size in terms of volume and value. The analysis includes a comprehensive prognosis for the years 2021–2028 in addition to the existing Soil Testing Equipment market status. The Soil Testing Equipment Market Study carefully examines the historical, present, and projected revenue for each industry vertical, sector, end-use industry, application, and region.

The global soil testing equipment market size is expected to reach USD 8.36 Billion in 2028 and register a steady CAGR over the forecast period, according to the latest analysis by Emergen Research. Steady market revenue growth can be attributed to the growing utilization of soil testing equipment in the construction sector. Increasing construction activities in developing countries, the responsibility to ensure safe construction, and the need for reliable geotechnical soil investigation are contributing to increasing demand for and use of soil testing equipment in the construction sector globally. Structural engineers opt for mandatory soil testing to determine weight bearing capacity and structure stabilization on soil. Assessment of the behavior of soils under varying conditions of loading, moisture, temperature, and stress requires the use of soil testing accessories and equipment. Geotechnical investigation of soil helps structural engineers make better decisions, thus leading to the success of the construction project. Increasing investment by major players in the launch of technologically more advanced soil testing equipment is projected to drive growth in the soil testing equipment market.

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Competitive Terrain:

The global Soil Testing Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Agilent Technologies, Thermo Fisher Scientific, Merck Group, PerkinElmer, Controls S.p.A., LaMotte Company, Inc., Geotechnical Testing Equipment UK Ltd., Sun Labtek Equipment (I) Pvt. Ltd., Martin Lishman Ltd., and S.W. Cole

Research Report on the Soil Testing Equipment Market Addresses the Following Key Questions:

Who are the dominant players of the Soil Testing Equipment market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Soil Testing Equipment market?

What are the key growth drivers and restraining factors of the Soil Testing Equipment market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Soil Testing Equipment market and its key segments?

Market Overview:

The report bifurcates the Soil Testing Equipment market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Type Outlook (Revenue, USD Billion; 2018–2028)

Chemical

Physical

Residual

Site Outlook (Revenue, USD Billion; 2018–2028)

On-site

Laboratory

End-use Outlook (Revenue, USD Billion; 2018–2028)

Construction

Agriculture

Others

Regional Landscape section of the Soil Testing Equipment report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights from the Report

In June 2020, Agilent Technologies announced the launch of two new mass spectrometry (MS) products namely the Agilent 6470B Triple Quadrupole LC/MC (6470 LC/TQ) system and the Agilent Rapid Fire 400 system. Both the systems deliver faster detection of target compounds providing customers increased sample throughput and reduced time to generate results.

Residual segment accounted for largest revenue share in 2020. Growing awareness among consumers regarding negative effects of chemical residues such as fertilizers and pesticides in fruits and vegetables is driving need for soil testing.

Laboratory segment revenue is expected to expand at a rapid CAGR during the forecast period. Geotechnical laboratories for research and development are increasingly utilizing more advanced equipment to improve soil testing accuracy.

Construction segment accounted for a significantly large revenue share in the soil testing equipment market in 2020. Rising need to prevent building collapse caused due to lack of geotechnical soil investigation is expected to increase demand for soil testing equipment in the construction sector.

North America accounted for largest revenue share contribution to the global soil testing equipment market in 2020. Increasing investment by major players in the region for launch of more technologically advanced soil testing equipment is projected to drive market growth.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Soil Testing Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region

Estimated increase in the consumption rate

Proposed growth of the market share of each region

Geographical contribution to market revenue

Expected growth rate of the regional markets

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