Specific gravity bench apparatus is designed for measuring the weight of suspended samples in water or any other liquid for determining the specific gravity of aggregates, refractory bricks, hardened concrete and similar materials.
This report on the specific gravity bench apparatus market includes a detailed description of specific gravity bench apparatus and its components such as specific gravity tanks, buoyancy balances, weighing cradles, specific gravity frames, circulators and others, which find applications in construction, mining and other industries related to the market.
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In this report, FMI has segmented the global specific gravity bench apparatus market on the basis of component type, end-user, sales channel and region. By component type, the specific gravity bench apparatus market is segmented into buoyancy balance, specific gravity tank, weighing cradles, specific gravity frame, heaters, circulators, thermometers and other accessories.
The weighing cradles sub-segment of the market is expected to grow at a relatively higher CAGR as the demand for weighing cradles is growing rapidly owing to the significant requirement of specific weighing cradles for each material. Moreover, the specific gravity bench apparatus market is expected to witness significant growth opportunities due to the short replacement cycle of weighing cradles.
However, the buoyancy balance sub-segment of the market is expected to capture the largest market share of the global specific gravity bench apparatus market and is expected to create an incremental opportunity of USD 3.5 Million between 2018 and 2027.
A major factor driving the specific gravity bench apparatus market is the rapid growth of construction industry which requires the pretesting of aggregates with the help of specific gravity bench apparatus. Moreover, government policies pertaining to enhancing the quality of construction material and the need for modern infrastructure are boosting the sales of specific gravity bench apparatus.
Increase in the number of smart city projects which requires the building of transportation infrastructure and other such sites include the use of specific gravity testing of aggregates with the help of specific gravity bench apparatus.
As the application area for specific gravity bench apparatus has increased form just construction sector to Mines, Education Institutes countries around the world are now creating potential opportunities for the growth of the specific gravity bench apparatus market.
Apart from this, the increased focus of universities and institutes on providing quality and practical educations to students is expected to create potential growth opportunities for the market. Moreover, the increasing usage of the specific gravity bench apparatus in government as well as private laboratories for R&D purposes is expected to significantly boost the specific gravity bench apparatus market. Owing to these factors, the specific gravity bench apparatus market is expected to witness substantial growth during the forecast period.
Based on end-users, the specific gravity bench apparatus market is sub-segmented into educational institutes, construction equipment & supplies, manufacturing, research & development centres, mines and others. Increase in the laboratory requirements of specific gravity bench apparatus in various educational institutes owing to the an increase in the number of students taking admissions in institutes is one of the major factors promoting the growth of the specific gravity bench apparatus in the educational institute sub-segment of the market.
The construction equipment and supplies sub-segment of the specific gravity bench apparatus market is expected to register growth during the forecast period owing to the continuous demand for the construction of new buildings due to a continuous increase in population. Moreover, increase in the demand for the construction of new company offices, owing to a rapid increase in the number of start-ups across the world, is also significantly boosting the specific gravity bench apparatus market.
Furthermore, the construction equipment and supplies sub-segment of the specific gravity bench apparatus market is also expected to grow at a relatively higher CAGR during the forecast period. In terms of value, the construction and supplies sub-segment of the specific gravity bench apparatus market is expected to create an incremental opportunity of USD 2.9 Million during the forecast period in the specific gravity bench apparatus market.
On the basis of geography, the specific gravity bench apparatus market is sub-segmented into North America, Europe, Latin America, Japan, APEJ (the Asia Pacific Excluding Japan) and Middle East & Africa. The specific gravity bench apparatus market in North America is estimated hold the leading position in the global specific gravity bench apparatus market due to the presence of the largest number of manufactures in the region. APEJ is also expected to capture a substantial market share of the global specific gravity bench apparatus market owing to an increase in the number of government projects for smart cities.
Moreover, increase in the requirement of specific gravity bench apparatus by laboratories in universities is also significantly boosting the market. On the other hand, new and innovative corporate as well as residential construction projects in Europe and the Middle East & Africa is also expected to propel the market in these regions.
According to FMI analysis, long-term contracts with business partners are likely to increase revenue and innovation strategies, which will enable the manufacturers of specific gravity bench apparatus manufacturers to reach new growth markets and encourage the production of a larger number of components for specific gravity bench apparatus. Moreover, the acquisition of businesses and products is also expected to help manufacturers accelerate revenue growth and create value for shareholders.
Some of the market participants in the global specific gravity bench apparatus market report include Durham Geo-Enterprises; Controls S.p.A., Inc.; Houghton Manufacturing Company; Cooper Research Technology; Gilson Company, Inc.; Forney LP.; Humboldt Mfg. Co.; Sun Labtek Equipments Manufacturing Private Limited; Test Mark Industries and M & L Testing Equipment (1995) Inc. These companies are expected to provide a significant number of quality products and highly influence market growth during the forecast period.
The specific gravity bench apparatus market is predicated to grow at a CAGR of 1.8% during the forecast period.
Pretesting the aggregates using specific gravity bench apparatus aides in the growth of the construction industries.
The market is likely to secure a revenue of about USD 85.86 Million, by 2032.
North America is estimated to hold the leading position of specific gravity bench apparatus.
| Market Expected Market Value (2022) | USD 22.3 Billion |
|---|---|
| Market Anticipated Forecast Value (2032) | USD 34.1 Billion |
| Market Projected CAGR (2022 to 2032) | 7.5% |
| Market (2022) | USD 3 Billion |
|---|---|
| Market (2032) | USD 6.66 Billion |
| Market CAGR (2022 to 2032) | 8.3% |
| Expected Market Value (2022) | USD 2.71 Billion |
|---|---|
| Anticipated Forecast Value (2032) | USD 6 Billion |
| Projected CAGR (2022 to 2032) | 8.3% |
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Specific Gravity Bench Apparatus Market
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