Demand for universal testing machines continues to swell owing to their versatility quotient and will surpass USD 200 Million revenues in 2025. Despite significant contribution to market revenues, sales of universal testing machines will see a slight decline towards the end of 2029 due to their high initial prices.
Accounting for around a fourth of total sales, non-destructive (NDT) machines are also witnessing noteworthy traction. However, their demand will decrease in the following years, as their operation requires additional certifications, which incur additional expenses. As cost-efficiency and convenience top the list of customers, flexure testing and fresh concrete testing machines exhibit unprecedented demand growth.
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Currently accounting for nearly 26% of market revenue, North America continues to lead the global concrete tester market through 2029. The growth of the regional market is primarily driven by surging residential projects in the US, which include building permits, housing starts, and housing completions.
The Europe concrete tester market is also capturing notable stakeholders’ investment, majorly spearheaded by Germany and Spain. However, this report emphasizes lucrative growth outlook in Latin America and Middle East & Africa (MEA) owing to increasing mining exploration and construction expenditure respectively.
Conventionally, the properties of in-place concrete have been tested by transporting field-cured cylinders to a lab where they undergo a break test in a compression machine. Methods like these result in subsequent delays, which further cause delays in project schedules. Manufacturers must develop portable and wireless concrete testers for on-site testing of concrete strength to address the situation. These highly convenient concrete testers also reduce the dependence on third-party labs.
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Market players continue to target the construction and infrastructure sectors on the back of increasing construction of civil facilities and renovation projects in developing economies. Sales of concrete testers in both the end-use categories collectively hold nearly 50% share and will reap profits worth of about USD 200 Million by 2020 end. On the flip side, the mining and railway sectors also represent opportunistic growth potential, with sales of concrete testers in the latter to cross USD 100 Million in 2029.
The global Concrete Tester market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
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The concrete testers market is likely to secure a CAGR of 4% through 2032.
The concrete testers market size is estimated to cross USD 4.14 Billion by 2032.
The concrete testers market is likely to record a value of USD 2.80 Billion in 2022.
North America is likely to lead the concrete testers market.
1. Executive Summary 2. Market Overview 3. Key Success Factors 4. Global Concrete Testers Market Demand Analysis 2014 to 2018 and Forecast, 2019 to 2029 5. Global Concrete Testers Market - Pricing Analysis 6. Global Concrete Testers Market Demand (in Value or Size in USD Million) Analysis 2014 to 2018 and Forecast, 2019 to 2029 7. Market Background 8. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, By Product Type 8.1. NDT Machine 8.2. Universal Testing Machine 8.3. Fresh Concrete Testing 8.4. Flexure Testing Machine 8.5. Others 9. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, By Application 9.1. On-Site 9.2. Off-Site 10. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by End Use Industry 10.1. Construction 10.2. Infrastructure 10.3. Mining 10.4. Railways 10.5. Research & Academics 10.6. Others 11. Global Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Middle East & Africa 11.5. East Asia 11.6. South Asia 11.7. Oceania 12. North America Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 13. Latin America Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 14. Europe Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 15. East Asia Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 16. South Asia Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 17. Middle East & Africa Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 18. Oceania Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 19. Emerging Countries Concrete Testers Market Analysis 2014 to 2018 and Forecast 2019 to 2029 20. Market Structure Analysis 21. Competition Analysis 21.1. MTS Systems Corporation Overview 21.2. Matest S.p.A. 21.3. Humboldt Mfg. Co. 21.4. PCE Holding GmbH 21.5. ELE International LLC 21.6. EIE Instruments Private Limited 21.7. Cooper Research Technology Limited 21.8. Gilson Co., Inc. 21.9. Novotest Ltd 21.10. Tinius Olsen Ltd 21.11. ADMET, INC. 21.12. Forney LP 21.13. Test Mark Industries Inc. 22. Assumptions and Acronyms Used 23. Research Methodology
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Concrete Testers Market
