Report Ocean recently released a research report on the Soil Testing Equipment Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global Soil Testing Equipment Market size was US$ 3.1 billion in 2020. The global soil testing equipment market is forecast to reach US$ 8.4 billion by 2030 growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2021-2030.
Soil testing equipment is used to identify the amount of fertilizer and acidic content in the soil. Soil testing promotes plant growth by detecting the acid content of the soil and offering fertilizer recommendations. Moreover, the moisture content and relative density of the soil are determined using soil testing equipment.
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Factors Influencing
The introduction of advanced soil testing equipment would flourish the growth of the global soil testing equipment market during the analysis period. Various companies have been innovating favorable solutions for the last few years. Ele International, a leading player in the global soil testing equipment market, introduced advanced software for the soil testing equipment. The software was designed to contribute to the research and analytics of the geotechnical laboratories. It also helped improve the quality of permeability, consolidation, and triaxial soil tests.
The wide applications of soil testing equipment are driving the growth of the global soil testing equipment market. Soil testing equipment is used in the construction and agriculture sector for a variety of purposes. Prior to planning pavements, embankments, highways, and other constructions, this equipment is used to study soil conditions and gather essential information on soil mechanics. The bearing ratio soil testing equipment in California helps measure the strength of the soil as well as other soil qualities like moisture content, strength, and durability. The dynamic cone penetrometer helps measure soil shear strength up to 6 feet deep. Thus, such benefits would boost the growth of the global soil testing equipment market during the analysis period.
High equipment costs may slow down the growth of the global soil testing equipment market.
COVID-19 Impact Analysis
Due to the government shutdown and poor demand from the construction and agriculture industries, demand for soil testing equipment declined in 2020. The COVID-19 pandemic has halted the production of several soil test equipment items. It has significantly slowed the growth of soil testing equipment in recent months, and this trend is likely to continue throughout 2020. COVID-19 has already had an impact on equipment and machinery sales in the first quarter of 2020, and it is projected to have a negative influence on company development throughout the year.
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Regional Analysis
North America, followed by the Asia Pacific, is predicted to contribute with the significant growth. The United States is the most important market in the North American region. The main drivers of the market are the existence of leading players, high budgets for environmental protection, and a rise in organic farming. The Asia Pacific is expected to grow at a notable CAGR, with several countries presenting the highest potential prospects in this field. Agriculturists in China are looking for contemporary farming practices to ensure the long-term development of agricultural harvests.
Competitors in the Market
- Agilent Technologies (US)
- Thermo Fisher Scientific Inc. (US)
- Merck Group
- PerkinElmer Inc.
- Controls S.p.A
- LaMotte Company
- Geotechnical Testing Equipment UK Ltd
- Sun Labtek Equipments (I) Pvt. Ltd
- Martin Lishman Ltd
- S.W. Cole
- Ele International
- Gilson Company Inc.
- Humboldt Mfg. Co.
- EIE Instruments Pvt. Ltd
- Eurofins Scientific
- Alfa Testing Equipment
- Matest
- M&L Testing Equipments
- Shambhavi Impex
- Other prominent players
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Market Segmentation
Based on Type of Test
- Physical
- Shear strength equipment
- Leachability equipment
- Plasticity equipment
- Permeability equipment
- Residual
- GC-MS
- ICP-MS
- Chemical
- pH meters
- Salinity testing equipment
- Test kits & reagents
Based on End User:
- Agriculture
- Construction
- Others
Based on Degree of Automation
- Manual
- Semi-automatic
- Automatic
Based on Site:
- Laboratory
- On-site
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Based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Soil Testing Equipment Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Soil Testing Equipment market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Soil Testing Equipment Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Soil Testing Equipment market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Soil Testing Equipment market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Soil Testing Equipment market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Soil Testing Equipment market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Soil Testing Equipment business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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