Construction Material Testing Equipment Market - Outlook, and Opportunity Analysis, 2018–2026
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.
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Requirement for compliance with the
national and state directives and regulations regarding the
infrastructure will further propel market growth
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.
Proliferation of smart cities and
connected infrastructure will propel the industry growth through 2025
According to United Nations’ press release in
July 2014, around 54% of the global population lived in the urban
areas, which is expected to account for overall 66% by 2050. Rapid
urbanization across all the major global economies, specifically in
the BRIC countries is expected to drive the demands for the
infrastructure. Moreover, increasing population and government
interests in the smart city infrastructures will inadvertently fuel
the growth prospects. According to the white paper report by
Technology that was sponsored by the United Parcel Services and
Consumer Technology Association, the smart city initiatives rose to
over 235 in 2016, an estimated surge of over 38% in comparison to
2013. Proliferation of such infrastructural activities are expected
to present extensive growth prospects to the construction material
testing equipment market.
Residential and commercial infrastructure
is expected to dominate the global demands over the next few years
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 construction material
testing equipment market.
Global Key Players:
Chief players in the construction material testing
equipment market include Aimil, Humboldt Mfg., ELE International,
CONTROLS Group, and Matest. 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.
Construction Material Testing Equipment
Market Taxonomy
On the basis of testing equipment, the global
construction material testing equipment market is classified into:
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Soil testing equipment
-
Aggregate testing equipment
-
Concrete testing equipment
-
Cement testing equipment
-
Asphalt testing equipment
-
Pavement testing equipment
-
Laboratory testing equipment
On the basis of end use, the global construction
material testing equipment market is classified into:
-
Training and Education
-
Infrastructure
-
Extraction (Upstream industries)
-
Utilities (Energy related infrastructure)
-
Manufacturing Industries
-
Transport (Roads, Railways, Airport)
-
Residential & Commercial
-
Telecommunication
-
Others (Government, Hospitals, Education, etc.)
-
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