What are the Historical Developments and Current Growth Metrics of the Construction Material Testing Equipment Market?
The construction material testing equipment market has seen considerable growth due to a variety of factors.
• In recent years, the market size of construction material testing equipment has seen robust growth. It is predicted to expand from $3.27 billion in 2024 to $3.47 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.0%.
Factors such as infrastructure development, urbanization, rigid regulations, globalization, and quality assurance requirements have contributed to the growth witnessed during the historic period.
What Does Future Hold for The Construction Material Testing Equipment Market By 2029?
The construction material testing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for construction material testing equipment is predicted to experience consistent growth over the coming years, expanding to a valuation of $4.16 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 4.6%.
The expansion during the forecasted period can be ascribed to several factors such as the development of renewable energy infrastructure, digitalization, the advent of industry 4.0, implementation of sustainable construction methods, the emergence of smart cities and a global construction surge. Key trends expected to dominate this period include the incorporation of artificial intelligence (AI) and machine learning (ML), a growing focus on remote monitoring and telemetry, an increasing reliance on sustainable testing solutions, broadening use of handheld or portable devices and the increasing use of cloud-based testing platforms.
What Are The Primary Growth Drivers In The Construction Material Testing Equipment Market?
The burgeoning growth of the construction industry is anticipated to drive the advancement of the construction material testing equipment market in the future. The term construction industry encompasses the sector devoted to the design, establishment, renovation, and preservation of physical buildings and infrastructure. This sector's expansion is due to an increased need for renovation, remodeling, and retrofitting of existing structures, as well as an upsurge in the construction of single-family homes, multi-family residential units, and affordable housing projects. Construction material testing equipment is employed in this industry to determine the quality, strength, and longevity of construction materials like concrete, asphalt, soil, and aggregates, ensuring that they meet project requirements and regulatory standards. For example, as per a report titled Construction Industry Statistics (2024) released by Upmetrics, a U.S.-based business planning software firm, the construction industry in the U.S. was valued at $1.8 trillion in 2023, contributing 4% to the GDP, while the global construction industry stood at $8.9 trillion. The industry across the globe is estimated to be worth nearly $12.74 trillion. The global residential construction market was valued at $5,267 billion in 2022 and is projected to rise to $8,308 billion by 2032, growing annually at a rate of 4.8% from 2023 to 2032. Consequently, the flourishing expansion of the construction industry is fuelling the growth of the construction material testing equipment market.
What Is The Segmentation Of The Global Construction Material Testing Equipment Market?
The construction material testing equipment market covered in this report is segmented –
1) By Product Type: Soil Testing Equipment, Aggregate Testing Equipment, Concrete Testing Equipment, Other Products
2) By Location: On-Site, R&D Laboratories, Educational Institutes
3) By Application: Residential, Commercial, Transport, Other Applications
4) By Industry: Food And Beverages, Pharmaceuticals, Metal Working, Building And Construction, Other Industries
Subsegments:
1) By Soil Testing Equipment: Proctors Compaction Testers, Atterberg Limits Testers, Triaxial Test Equipment, Permeability Test Equipment, Soil Vane Shear Testers, Other Soil Testing Instruments
2) By Aggregate Testing Equipment: Sieve Shakers, Aggregate Impact Testers, Aggregate Crushing Value Testers, Abrasion Testing Machines, Flakiness And Elongation Testers, Other Aggregate Testing Instruments
3) By Concrete Testing Equipment: Compression Testing Machines, Slump Test Apparatus, Concrete Mixer, Concrete Air Meter, Rebound Hammer Testers, Concrete Penetrometer, Other Concrete Testing Devices
4) By Other Products: Asphalt Testing Equipment, Bitumen Testing Equipment, Cement Testing Equipment, Non-Destructive Testing (NDT) Equipment, Corrosion Testing Equipment, Other Specialized Testing Instruments
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What Trends Are Reshaping The Future Of The Construction Material Testing Equipment Market?
In their quest to gain an upper hand in the construction material testing equipment industry, principal corporations are rolling out innovative solutions such as connected CMT gadgets. These advanced devices for testing construction materials are equipped with comprehensive digital technologies and software interfaces that enable smooth data exchange and interaction between the contraption and outdoors structures. For instance, Forney LP, an American company known for manufacturing construction materials testing machines, introduced Connected CMT Machines in January 2024. These machines bring massive revolution in the testing process by eliminating the potential for specimen misidentification and significantly enhancing efficiency and precision. These connected machines allow technicians to load and examine specimens with double the speed, ensuring each test is carried out on the appropriate specimen at the right time. This remarkable improvement is feasible through superior features like accurate specimen identification via barcode scanning, and pre-test Smart Checks confirming sample data and characteristics. Coupling this with ForneyVault, a robust software platform, further boosts the testing process by supplying in-depth XY plot data for every test, alerts for calibration expiry and variance, and smart workflows for analysis and approvals.
Who Are the Key Players In The Construction Material Testing Equipment Market?
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
What Are The Regional Insights Into The Construction Material Testing Equipment Market?
North America was the largest region in the construction material testing equipment market in 2024. 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.
