soil testing equipment Market Study Report Based on Size, Shares, Opportunities, and Forecast to 2027
The global soil testing equipment market size is expected to reach USD 8.57 Billion by 2028 at a CAGR of 11.2%, according to a latest report by Reports and Data. Increasing adoption of precision agriculture and rapid industrialization across the globe has boosted demand for soil testing equipment from the agriculture and construction sectors and this is expected to drive market revenue growth to a significant extent over the forecast period. Increasing need for more precise and efficient farm management practices and increasing number of government policies to promote soil testing are some other key factors expected to contribute to revenue growth of market going ahead.
Soil testing equipment provides important information about soil and rock characteristic that are vital for end-use industries such as agriculture and construction sectors. Soil testing equipment is used to determine nutrient levels in soil, composition, acidity and pH balance, and moisture content. It offers critical insights about soil, which can be used by civil engineers to help select the ideal foundation system and design parameters for building, dams, roads, and other infrastructure. Adoption of precision agriculture has maximized crop yield and profitability and enabled assessment of soil fertility and nutrient content to optimize soil quality and formulation. This has further resulted in increased crop yield and reduction in initial costs, and is expected to further drive market growth over the forecast period.
Increasing urbanization and industrialization in emerging economies has boosted growth of the construction and building sectors in the recent past.
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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions.
This report also focuses on the soil testing equipment Market size with respect to the volume and value – at the regional, company, and worldwide levels. Market strategies are undertaken, with regard to the current and future industry scenarios have also been enlisted in the study.
Manufacturing industries are those that work with goods, materials, or substances to create new things. Physical, chemical, or mechanical transformations are possible. Manufacturers frequently have plants, mills, or factories that generate consumer items. In the production process, machines and equipment are commonly employed. Although items can be made by hand in some instances. Baked foods, homemade jewelry, and other handicrafts and art are examples of this.
Food, beverage, tobacco, textiles, apparel, leather, paper, oil and coal, plastics and rubbers, metal, equipment, computers and electronics, transportation, furniture, and others are all major manufacturing businesses.
The global soil testing equipment Market Industry report also delivers massive details pertaining to the information regarding the industry – these are inclusive of important facts and figures, the latest developments, and expert ideas. The study provides a complete assessment of the summary of this business sphere, is inclusive of the evaluation of the present scenario as well as the growth factors. In addition, the assessment includes details about the present market trends as well as industry growth rate, industry revenues, market projections, top companies, market revenue, industry sales, suppliers, and sales statistics.
Some Key Highlights From the Report:
- Physical tests segment is expected to account for considerable revenue share in the global market over the forecast period owing to rapid industrialization and urbanization in emerging economies such as India and China and increasing growth of the construction industry in countries across the globe.
- Automatic segment revenue is expected to expand significantly over the forecast period owing to increasing need for fast and more precise test results, rapid adoption of precision agriculture, and increasing need for more efficient farm management platforms.
- Extensive spread of construction and road building activities require on-site soil testing, and this is expected to contribute significantly to revenue growth of the on-site segment over the forecast period.
- The construction segment among the end-use industry segments is expected to account for largest revenue share in the market owing to fast-paced industrialization and urbanization worldwide, increasing expenditure on infrastructure, and implementation of stringent government policies and standards for construction materials.
- North America market revenue is expected to expand considerably over the forecast period owing to increasing funding for development of advanced soil testing equipment, increasing adoption of organic farming, and robust presence of key manufacturers and suppliers in countries in the region.
Top Players in the Global soil testing equipment Market:
Agilent Technologies (US), Thermo Fisher Scientific Inc., Merck Group, PerkinElmer Inc., Controls S.p.A, LaMotte Company, Geotechnical Testing Equipment UK Ltd., Sun Labtek Equipments (I) Pvt. Ltd., Martin Lishman Ltd., Humboldt Mfg. Co., Eurofins Scientific, Alfa Testing Equipment, M&L Testing Equipment, Shambhavi Impex, and Matest, among others.
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soil testing equipment Market Segmentation:
Type of Tests Outlook (Revenue, USD Billion; 2018-2028)
Degree of Automation Outlook (Revenue, USD Billion; 2018-2028)
Site Outlook (Revenue, USD Billion; 2018-2028)
Global soil testing equipment Market Report: Regional Segmentation
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Global soil testing equipment Market: Table of Contents
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global soil testing equipment market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global soil testing equipment market?
- Which regional market is expected to lead in terms of revenue share in the global soil testing equipment market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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