According to Future Market Insights (FMI), the soil field testing equipment market may reach an overall valuation expected to surpass USD 680.0 million in 2023. Furthermore, the market is expected to record a CAGR of 5.3% between 2023 and 2033. By 2033, the market is estimated to reach a valuation of USD 1.1 billion.
Significant Factors Fuelling the Market Growth
Attributes | Details |
---|---|
Soil Field Testing Equipment Market Value (2023) | USD 680.0 million |
Soil Field Testing Equipment Market Expected Value (2033) | USD 1.1 billion |
Soil Field Testing Equipment Market Projected CAGR (2023 to 2033) | 5.3% |
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The global sales of soil field testing equipment have recorded a significant CAGR of 6.8% between 2018 and 2022. Furthermore, the total sales of soil field testing equipment are expected to record a significant CAGR of 5.3% between 2023 and 2033.
The soil field testing equipment market has undergone significant changes over the years. Technological advances, changes in government regulations, and fluctuations in demand from various industries have driven these changes.
Historically, the agricultural industry primarily drove the demand for soil field testing equipment. This is because farmers and soil scientists seek to optimize crop yields by analyzing the properties of the soil. However, as other industries, such as construction, mining, and environmental remediation, grew in importance, the market for soil field testing equipment expanded to meet the needs of these sectors as well.
Early soil field testing tools were simple and mostly hand-held, including shovels, drills, and penetrometers. But as technology developed, the soil field testing equipment industry became increasingly specialized. This was due to the development of instruments such as moisture, pH, and electrical conductivity meters, which allowed for more precise and efficient analysis of soil properties.
Short Term (2022 to 2025): The short-term growth prospects of the market are likely to grow due to the increasing awareness of environmental issues and the need for sustainable land management practices. As a result, there has been a rising demand for equipment that can detect and monitor contaminants in soil. Besides, equipment can help manage soil erosion and nutrient depletion.
Medium Term (2025 to 2028): The market is probably going to have a minor uptick, which might be caused by the evolving demands of various industries and technological improvements. In the upcoming years, it is anticipated that the market is expected to continue to expand and change as environmental concerns increase and new rules are put in place.
Long Term (2028 to 2033): The long-term goal for the soil field testing equipment market is likely to continue to provide innovative, accurate, and efficient tools for soil field testing, analysis, and monitoring. The market should aim to develop technology that can help to address the challenges faced by soil controlling management, such as soil erosion, nutrient depletion, and contamination.
Attributes | Details |
---|---|
Historical CAGR | 6.8% |
Historical Market Value (2022) | USD 640 million |
Forecast CAGR | 5.3% |
Permeability is one of the most important parameters required to be tested for construction projects where water flow through soil is a matter of concern. In addition, various regulatory standards need to be followed by the companies during the construction process, which creates a high demand for soil field testing equipment.
These standards are creating a high demand for water permeability test equipment and soil field testing equipment, which is resulting in the growth of the soil field testing equipment market.
For instance, standards, such as AASHTO T 215 (Standard Method of Test for Permeability of Granular Soils), describe the procedure to determine the permeability of water through granular soils in steady conditions. These are D-422 for the test method for particle size analysis, D-4253 for the maximum index density & unit weight of soils using a vibratory table, D-4254 for the minimum index density & the unit weight of soils and calculations of relative density, and others. These have a significant impact on the demand for soil field testing equipment.
Increasing spending on research and development is a key factor driving the soil field testing equipment market. In addition, rapid urbanization and increasing spending on construction are expected to create potential growth opportunities for the soil field testing equipment market during the forecast period.
Factors such as rising awareness about safety and security are also attracting the construction sector towards soil field testing equipment. Thus, the soil field testing equipment market is expected to expand significantly during the forecast period.
For instance, in October 2018, China’s transport infrastructure reached USD 327.7 billion, with a 1.4% year-on-year growth. Increasing investments in transport projects are contributing to the overall increase in the infrastructure sector of China. These construction projects are creating a significant demand for soil field testing equipment and significantly fueling the growth of the market.
Equipment for high-tech soil field testing is in very high demand from consumers. As a result, vendors are offering completely automated soil field testing equipment to capture the market.
A rise in demand for technologically advanced soil field testing equipment is anticipated throughout the projection period. According to FMI, one of the main strategies vendors use to draw clients is likely to continue providing cutting-edge soil field testing equipment.
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Global sales of the construction segment are projected to record a CAGR of 4.8% over the forecast period. Due to the rapid industrialization in countries like India, the construction industry has received substantial Foreign Direct Investment (FDI) to improve infrastructure. China's thriving residential and commercial sectors make it one of the most significant players in the construction industry worldwide.
The allied sectors, particularly those manufacturing soil testing equipment, is likely to expand as global infrastructure investment rises. In addition, the need for soil testing equipment is predicted to rise due to technological development and growing knowledge of the advantages of soil field testing.
During the forecast period, the residual segment sales are projected to record a CAGR of 5.1%. According to the type of test, the market is divided into physical, residual, and chemical tests.
In China and India, rapid urbanization drives the market for physical tests, which measure soil properties like shear strength, leachability, plasticity, and porosity. In addition, market growth has been driven by consumers' growing awareness of chemical residues in fresh fruits and vegetables, such as pesticides and fertilizers.
Region | North America |
---|---|
Country | United States |
Historic CAGR | 6.5% |
CAGR | 5.1% |
Market Value (2023) | USD 158.2 million |
Market Value (2033) | USD 403.9 million |
Region | Europe |
---|---|
Country | United Kingdom |
Historic CAGR | 5.5% |
CAGR | 4.4% |
Market Value (2023) | USD 30.2 million |
Market Value (2033) | USD 48 million |
Region | Asia Pacific |
---|---|
Country | China |
Historic CAGR | 6.1% |
CAGR | 4.7% |
Market Value (2023) | USD 5.2 billion |
Market Value (2033) | USD 81.8 million |
Region | Asia Pacific |
---|---|
Country | India |
Historic CAGR | 4.5% |
CAGR | 3.1% |
Market Value (2023) | USD 23.3 million |
Market Value (2033) | USD 39.3 million |
Region | Asia Pacific |
---|---|
Country | Japan |
Historic CAGR | 5.0% |
CAGR | 3.9% |
Market Value (2023) | USD 21 million |
Market Value (2033) | USD 66.9 million |
There are several start-ups operating in the soil field testing equipment market that are working to develop new and innovative technologies to improve soil field testing and analysis.
Here are a Few Examples
As the demand for more accurate and efficient soil field testing technologies continues to expand, more startups are expected to enter this space and develop new and innovative solutions to meet the needs of farmers, growers, and other stakeholders in the agriculture industry.
Some of the Key Players in the Soil Field Testing Equipment Market are
Recent Development
Significant market players across the soil field testing equipment market are focusing on launching advanced equipment made up of innovative materials and using acquisition as a key strategy to expand their operational presence in different parts of the world.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value and MT for Volume |
Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
Key Countries Covered | United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Türkiye |
Key Segments Covered | Test Type, Site, Degree of Automation, End use Industry, Region |
Key Companies Profiled | Humboldt Mfg. Co.; Controls S.p.A.; GlobalGilson.com; EIE Instruments; FilWEB; ELE International; Aimil Ltd.; LaMotte Company; PCTE; W.W. Grainger, Inc.; Geocomp Corporation; Cooper Technology; Thomas Scientific; Dexsil |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Growing industrialization in the agriculture sector is the top trend.
Technological advancements reveal soil properties and unlock profitable opportunities.
The global market is garnered at a market value of USD 680 million in 2023.
Increasing adoption of proper farm management practices drives sales.
The market is forecast to register a CAGR of 5.3% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Test Type 5.1. Physical 5.1.1. Shear Strength Equipment 5.1.2. Leachability Equipment 5.1.3. Plasticity Equipment 5.1.4. Permeability Equipment 5.2. Residual 5.2.1. GC-MS 5.2.2. ICP-MS 5.3. Chemical 5.3.1. Ph Meters 5.3.2. Salinity Testing Equipment 5.3.3. Test Kits & Reagents 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Site 6.1. Laboratory Site 6.2. On-Site 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Degree of Automation 7.1. Manual 7.2. Semi-automatic 7.3. Automatic 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use Industry 8.1. Agriculture 8.2. Construction 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific Excluding Japan 9.5. Japan 9.6. Middle East and Africa 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Agilent Technologies 18.2. Thermo Fisher Scientific Inc. 18.3. PerkinElmer Inc. 18.4. Controls S.p.A. 18.5. LaMotte Company 18.6. Geotechnical Testing Equipment UK Ltd 18.7. Sun Labtek Equipments Pvt. Ltd. 18.8. Martin Lishman Ltd. 18.9. S.W. Cole 18.10. Ele International 18.11. Gilson Company Inc. 18.12. Humboldt Mfg. Co. 19. Assumptions & Acronyms Used 20. Research Methodology
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