Construction material testing equipment sales surpassed 1
million units in 2018, equaling a market value worth US$ 2.5 billion. A study
projects revenues to grow at 4.9% y-o-y in 2019. The overall growth of the
construction material testing equipment market can be attributed to,
- Growing
interest of property buyers to investigate the quality of construction
before the purchase - Rising
importance of durability of construction projects in a bid to ensure
public safety - Bullish
growth of the construction materials market and introduction of innovative
products - Stringent
regulatory standards for construction material testing
“Civil engineering projects are largely dependent on the
quality of construction materials as they help builders in identifying problems
before utilizing the resources, thereby ensuring the economic output of the
construction project. This puts construction material testing equipment at
hotspot wherein their operations determine the longevity of any infrastructure
while lowering future investments in repair and maintenance,” says Study.
As construction material testing equipment is an integral
part of construction projects, their demand is likely to remain steady in the
construction sector. The study finds that demand for construction material
testing equipment market is likely to remain higher in on-site locations –
in 2018, 5 in 10 construction material testing equipment were sold in on-site
location projects.
R&D laboratories and educational institutes also use
construction material testing equipment, wherein construction materials are
tested during the process of materials production or pilot studies. Extensive
research and development activities in the construction materials industry to
introduce innovative yet durable materials further increase the importance of
construction material testing equipment.
Over 3 in 10 Testing Equipment Sold in Commercial
Applications in 2018
Material testing plays a crucial role throughout
construction testing as it provides affordable as well as important measures
required to ensure long-term sustenance of all infrastructures. With the rising
commercial building constructions in developed as well as developing regions,
application of construction material testing equipment is likely to consolidate
in the commercial application which accounted for over one-third of total sales
in 2018.
The study finds that commercial applications accounted for
nearly 30% of global sales of construction material testing equipment, whereas
transport applications accounted for nearly 20% sales. Residential application
also contributed to a significant demand for construction material testing
equipment as manufacturers now deliver residential application-specific testing
equipment.
Soil Testing Equipment Remain Highly Sought-After
The study finds that demand for soil testing equipment
remains highest in the construction material testing equipment market and
accounted for over 4 in 10 testing equipment sold in 2018. Inspection of soil
properties is essential to implement any infrastructure project successfully.
Henceforth, soil testing equipment’s play crucial role in helping builders to
understand the behavior of soil which will be used in construction projects as
a structural or filling material.
The study opines that remaining 60% share of the
construction material testing equipment sales was attributed to equipment’s
that test materials such as aggregate, concrete and other construction
materials.
According to the study, APEJ accounted for one-third of the
global demand for construction material testing equipment in 2018. Over the
past few years, investments in infrastructure have been one of the key drivers
of the region’s economic development.
The region has a dynamic construction sector wherein some
countries are engaged in developing domestic infrastructure whereas others are
leveraging the potential of export market. In particular, China remains a
highly competitive market for construction material testing equipment and
accounted for over one-fourth of APEJ demand in 2018.
Europe follows APEJ in terms of construction material
testing equipment units sold in 2018. Demand remains concentrated in Germany,
whereas the UK also accounts for a significant share of demand in the
construction material testing equipment market.
The report tracks the construction material testing
equipment market for the period 2019-2027. According to the report, the
construction material testing equipment market is projected to grow at 4.9%
CAGR through 2027.
These insights are based on a report on Construction
Material Testing Equipment Market by Future Market Insights.
