Construction Material Testing Equipment Market Global Trend, Segmentation and Opportunities, Forecast 2026


Posted February 24, 2020 by rohit890

Construction material testing equipment finds significant applications in the infrastructure building process, primarily owing to the requirement to ensure the safety of the humans, goods and amenities in the building.
 
Market Overview

Construction material testing equipment finds significant applications in the infrastructure building process, primarily owing to the requirement to ensure the safety of the humans, goods and amenities in the building. Requirement of elimination of hazards from every individual building procedures, from selection of lands, concrete & aggregates, cements, bituminous materials, steel, masonry, steel to the mission critical testing of pavements and roads.

Most residents are unaware of the standards required for the residential and commercial buildings. In order Requirement to keep a check on human safety, national and state regulatory authorities have established various standards, directives and regulations for these buildings. Regulations also cover the different infrastructure categories that include utilities, industries, telecommunication, transport, and others. For instance, Australasian Procurement and Construction Council in Australia, Environmental Protection Agency and national Association of Home Builders in U.S., and Construction Products Regulation by European Council in EU are few among the many regional bodies that are responsible for the building standards. Requirement of compliance with these regulatory bodies and ensure the requirements are met, construction material equipment market will witness substantial growth over the forecast period.

According to United Nations’ press release in May 2018, around 55% of the global population lived in the urban areas, which is expected to account for overall 68% by 2050.

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Market Dynamics

Growth of residential housing is anticipated to be the primary growth driver for all the other associated infrastructure that includes transportation, utilities, and other commercial activities. However, according Coherent Market Insights, there have been several incidences of paradigm shifts with the development of commercial and manufacturing activities that in turn led to traction of residential buildings in the vicinity. In both scenarios, residential segment is expected to register highest traction, which is expected to present highest demands for the global construction material testing equipment market.

Owing to presence of largest population base, highest number of emerging economies, significant growth in infrastructural activities, Asia Pacific is expected to remain the most lucrative regional segment through the forecast period. According to Coherent Market Insights, in 2017, the length of railway route is increased to 127,000 km, including 25,000 km of high-speed railways in China. Trends such as connected vehicles, smart factories and connected infrastructure is expected to drive the demands in other developed economies that include U.S. and the Western Europe. Moreover, large budget projects in the Middle East which specifically includes Gulf Cooperation Council will provide considerable product requirements.

Global Construction Material Testing Equipment Market Taxonomy

On the basis of testing equipment, the global construction material testing equipment market is classified into:

Soil testing equipment

Aggregate testing equipment

Concrete testing equipment

Cement testing equipment

Asphalt testing equipment

Pavement testing equipment

Laboratory testing equipment

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Key market players operating in the global construction material testing equipment market includes, Aimil Ltd., ELE International, Controls S.p.A., Humboldt Mfg. Co., Matest S.p.A., CMT Equipments, Canopus Instruments, Applied Test Systems, OLSON INSTRUMENTS INC., Qualitest International Inc., Papworths Construction Testing Equipment, and Zwick Roell Group among others. This industry is characterized by high regional consolidation, with few leading global players. Owing to the intensive competitive scenario, industry is expected to witness significant strategic initiatives to strengthen their industry foothold and expand regional presence. For instance, in June 2017, University of Missouri System collaborated with Missouri University of Science and Technology for the development of Advanced Construction and Materials Laboratory (ACML), to address public infrastructure challenges.

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Issued By rohit
Country India
Categories Advertising , Blogging , Industry
Last Updated February 24, 2020