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.
Market Overview:
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)
- Physical
- Chemical
- Residual
Degree of Automation Outlook (Revenue,
USD Billion; 2018-2028)
- Automatic
- Manual
Site Outlook (Revenue, USD Billion;
2018-2028)
- On-site
- Lab
Global soil testing equipment Market
Report: Regional Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- 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
1.3. Methodology
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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