Increasing adoption of precision farming, need for more efficient farm management programs, and increasing promotion of soil testing by governments are key factors expected to drive revenue growth of the market
Market Size – USD 3.66 Billion in 2020, Market Growth – at a CAGR of 11.2%, Market Trends – Increasing industrialization and urbanization in emerging economies
The global Soil Testing Equipment Market size is expected to reach USD 8.57 Billion by 2028 at a CAGR of 11.2%, according to a latest report by Reports and Data. Increasing adoption of precision agriculture and rapid industrialization across the globe has boosted demand for soil testing equipment from the agriculture and construction sectors and this is expected to drive market revenue growth to a significant extent over the forecast period. Increasing need for more precise and efficient farm management practices and increasing number of government policies to promote soil testing are some other key factors expected to contribute to revenue growth of market going ahead.
Soil testing equipment provides important information about soil and rock characteristic that are vital for end-use industries such as agriculture and construction sectors. Soil testing equipment is used to determine nutrient levels in soil, composition, acidity and pH balance, and moisture content. It offers critical insights about soil, which can be used by civil engineers to help select the ideal foundation system and design parameters for building, dams, roads, and other infrastructure. Adoption of precision agriculture has maximized crop yield and profitability and enabled assessment of soil fertility and nutrient content to optimize soil quality and formulation. This has further resulted in increased crop yield and reduction in initial costs, and is expected to further drive market growth over the forecast period.
Key companies operating in the market include Agilent Technologies (US), Thermo Fisher Scientific Inc., Merck Group, PerkinElmer Inc., Controls S.p.A, LaMotte Company, Geotechnical Testing Equipment UK Ltd., Sun Labtek Equipments (I) Pvt. Ltd., Martin Lishman Ltd., Humboldt Mfg. Co., Eurofins Scientific, Alfa Testing Equipment, M&L Testing Equipment, Shambhavi Impex, and Matest, among others.
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Some Key Highlights from the Report:
- Physical tests segment is expected to account for considerable revenue share in the global market over the forecast period owing to rapid industrialization and urbanization in emerging economies such as India and China and increasing growth of the construction industry in countries across the globe.
- Automatic segment revenue is expected to expand significantly over the forecast period owing to increasing need for fast and more precise test results, rapid adoption of precision agriculture, and increasing need for more efficient farm management platforms.
- Extensive spread of construction and road building activities require on-site soil testing, and this is expected to contribute significantly to revenue growth of the on-site segment over the forecast period.
- The construction segment among the end-use industry segments is expected to account for largest revenue share in the market owing to fast-paced industrialization and urbanization worldwide, increasing expenditure on infrastructure, and implementation of stringent government policies and standards for construction materials.
- North America market revenue is expected to expand considerably over the forecast period owing to increasing funding for development of advanced soil testing equipment, increasing adoption of organic farming, and robust presence of key manufacturers and suppliers in countries in the region.
To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/soil-testing-equipment-market
For the purpose of this report, Reports and Data has segmented the global soil testing equipment market based on type of tests, degree of automation, site, end-use industry, and region:
Type of Tests Outlook (Revenue, USD Billion; 2018-2028)
- Shear strength equipment
- Leachability equipment
- Plasticity equipment
- Permeability equipment
- pH meters
- Salinity testing equipment
- Test kits & reagents
Degree of Automation Outlook (Revenue, USD Billion; 2018-2028)
Site Outlook (Revenue, USD Billion; 2018-2028)
End-user Industry Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Table of Content:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Soil Testing Equipment – Market Snapshot & Key Buying Criteria, 2018-2028
Chapter 3 Soil Testing Equipment Industry Outlook
3.1 Market Segmentation and Scope
3.2 Soil Testing Equipment – Market Size and Growth Prospects
3.3 Soil Testing Equipment – Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
126.96.36.199 Rapid adoption of precision agriculture driving product demand
188.8.131.52 Increasing construction activities
3.4.2 Market restraint/challenges analysis
184.108.40.206 High equipment cost
3.5 Key Opportunities Prioritized
3.6 Industry Analysis – Porter’s
3.7 Soil Testing Equipment – Key Company Analysis, 2021
3.8 PEST Analysis
Chapter 4 Soil Testing Equipment Type of Test Estimates & Trend Analysis
4.1 Soil Testing Equipment Market: Product Movement Analysis
4.1.1 Physical Test
220.127.116.11 Market estimates and forecasts, 2018–2028 (USD Billion)
18.104.22.168 Market estimates and forecasts by region, 2018–2028 (USD Billion)
4.1.2 Residual Test
22.214.171.124 Market estimates and forecasts, 2018–2028 (USD Billion)
126.96.36.199 Market estimates and forecasts by region, 2018–2028 (USD Billion)
4.1.3 Chemical Test
188.8.131.52 Market estimates and forecasts, 2018–2028 (USD Billion)
184.108.40.206 Market estimates and forecasts by region, 2018–2028 (USD Billion)
Chapter 7 Competitive Landscape
7.1 Company Profiles
7.2 Agilent Technologies
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Product benchmarking
7.2.4 Recent developments
7.3 Thermo Fisher Scientific, Inc.
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Recent developments
7.4 Merck Group
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Recent developments
7.5 PerkinElmer, Inc.
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Recent developments
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