How Has The Soil Testing Equipment Market Size Evolved In Recent Years?
The soil testing equipment market has seen considerable growth due to a variety of factors.
•Rapid growth has been observed in the soil testing equipment market size in the past few years. The market worth, which stands at $5.15 billion in 2024, is expected to escalate to $5.73 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.2%.
The significant growth during the historical period is linked to factors such as ramped-up agricultural activities, government drives and legislation, heightened awareness regarding soil well-being, worldwide apprehensions about food security, as well as consolidation and expansion of farms.
What Is The Projected Growth Of The Soil Testing Equipment Market?
The soil testing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Rapid expansion is anticipated in the soil testing equipment market size in the upcoming years, with an expected growth reaching "$8.68 billion in 2029 with a compound annual growth rate of 10.9%.
The projected growth in this period is thanks to factors like the heightened focus on precision farming, adaptations to climate change, rising appeal of sustainable farming methods, governmental assistance and subsidies, as well as the growth in agricultural export markets. Key trends for the forecasted period include a concentration on cost-effective solutions, market consolidation and partnerships, concerns over global food security, the demand for sustainable agriculture and data-driven decision making.
What Key Factors and Trends are Driving the Growth of the Soil Testing Equipment Market?
The anticipated growth of the soil testing equipment market can be attributed to an increase in construction activities. These activities encompass all aspects related to building development, assembly, and modifications, including land clearing, grading, excavation, and filling. Soil testing provides a scientific method to assess and examine the innate physical and technical characteristics and load-bearing capacity of the soil. This aids in determining the most suitable foundation for construction. For example, data from the Office for National Statistics in the UK, an executive agency for UK Statistics Authority, reported a surge of $19781.69 million in total new construction work in November 2023. There was a marked growth in both private and public new work, registering an increase of 16.8% and 13.1%, respectively, compared to the previous year, 2021. Thus, this surge in construction activities is propelling the expansion of the soil testing equipment market.
What are the Market Segments in the Soil Testing Equipment Market?
The soil testing equipment market covered in this report is segmented –
1) By Type Of Test: Physical, Residual, Chemical
2) By Site: Laboratory, On-site
3) By Degree Of Automation: Manual, Semi-Automatic, Automatic
4) By End-User: Construction industry, Agriculture industry
Subsegments:
1) By Physical Tests: Soil Texture Analysis, Bulk Density Measurement, Moisture Content Determination, Permeability Tests
2) By Residual Tests: Residual Soil Analysis, Soil Compaction Tests, Shear Strength Tests
3) By Chemical Tests: PH Measurement, Nutrient Analysis (N, P, K), Electrical Conductivity Testing, Organic Matter Content Analysis
Pre-Book The Soil Testing Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Soil Testing Equipment Market?
The soil testing equipment market is seeing a surge in technological improvements, a leading trend that's gaining momentum. Businesses within this market are leveraging fresh technologies to retain their competitive edge. A prime exemplar occurred in August 2022, when Precision Planting, a U.S based agricultural service firm, unveiled a cloud-based system named Radicle Agronomics. This system is composed of a self-calibration technology operated on Radicle Lab, plus an automated soil sample tagging tool, GeoPress™. This new advancement enables agronomists to offer superior soil nutrient management advice by harnessing a cloud-based software tool that amalgamates the entire procedure from field to lab. Radicle Lab™ is the inaugural fully automated soil lab with self-calibration tech, capable of processing hundreds of samples autonomously. The path-breaking, patent-pending Microflow technology of Radicle Lab removes all need for human intervention in ordinary lab procedures, enabling a detailed soil analysis in mere minutes without any physical effort.
Who Are the Key Players in the Soil Testing Equipment Market?
Major companies operating in the soil testing equipment market include:
• Controls S.p.A.
• ELE International
• Gilson Company Inc.
• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Merck KGaA
• LaMotte Company
• Humboldt Mfg. Co.
• EIE Instruments Private Limited
• Sun Labtek Equipments (I) Private Limited
• S.W. Cole Engineering Inc.
• Eurofins Scientific S.E.
• M&L Testing Equipment LLC
• Alfa Testing Equipment LLC
• Martin Lishman Ltd.
• Geotechnical Testing Equipment (UK) Ltd
• Matest
• Shambhavi Impex
• SGS Société Générale de Surveillance SA
• ALS Limited
• Element Materials Technology Group Limited
• Intertek Group plc
• Bureau Veritas S.A.
• PCE Instruments
• GDS Instruments
• Seidner Laboratories Inc.
• Geotest Instrument Corporation
• Geo-Slope International Ltd.
• Soil Mechanics Corporation
What are the Regional Insights into the Soil Testing Equipment Market?
North America was the largest region in the soil testing equipment market in 2024. The regions covered in the soil testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
