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.
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.
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.
| Market Value for 2023 | USD 367.1 million |
|---|---|
| Market Value for 2033 | USD 592.2 million |
| Market CAGR from 2023 to 2033 | 4.9% |
| Expected Market Value (2022) | USD 3.55 Billion |
|---|---|
| Anticipated Forecast Value (2032) | USD 6 Billion |
| Projected Growth Rate (2022 to 2032) | 5.5% CAGR |
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Concrete Testers Market
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