Below are some of the key findings from this soil testing equipment market analysis report
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Global soil testing equipment industry overview
The rising number of construction projects is one of the primary factors that will drive global soil testing equipment market growth. Because of the growth in the urban population, the number of construction projects is increasing all around the world. Moreover, the rising urban population also triggers the development of smart cities across countries, which further propels construction activities. This results in high adoption of soil testing equipment because it helps in determining the ability of the soil to support the structure and enable to finalize the plans. The growing number of construction projects will lead to a rise in the need for soil testing activities. This will subsequently enhance the sales of soil testing equipment, boosting market growth.
The growing popularity of automatic soil testing equipment is one of the key trends that will gain traction in the market. Vendors in the industry do not get prompt updates in terms of soil quality because soil testing in labs requires time for obtaining results. This is increasing the demand for automatic soil testing equipment as it helps in getting quicker results. Moreover, automatic soil testing equipment is also used to measure temperature, humidity, and moisture, which helps farmers to select ideal crop and fertilizers for optimum yield. The growing popularity of automatic soil testing equipment coupled with the rise in the number of construction projects will positively impact soil testing equipment market growth at a CAGR of more than 4% during the forecast period.
Top soil testing equipment companies covered in this report
The global soil testing equipment market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this soil testing equipment industry analysis report will help clients design strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading soil testing equipment companies, including:
- Controls S.p.A.
- ELE International
- Gilson Company, Inc.
- Humboldt Mfg. Co.
- LaMotte Company
Soil testing equipment market segmentation based on application
- Construction industry
- Agriculture industry
Construction industry held the largest soil testing equipment market share in 2018. The market share of this segment will increase in the coming years as soil testing is extensively conducted in the construction sector to determine the viability of a planned project.
Soil testing equipment market segmentation based on region
- APAC
- Europe
- MEA
- North America
- South America
North America accounted for the largest soil testing equipment market share in 2018 because of the presence of several agriculture and construction industries. Though the region’s contribution to the growth of the soil testing equipment market size will decrease, North America will account for the largest market share throughout the forecast period.
Key highlights of the global soil testing equipment market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the soil testing equipment market during the next five years
- Precise estimation of the global soil testing equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the soil testing equipment industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of soil testing equipment companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Construction industry - Market size and forecast 2018-2023
- Agriculture industry - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing popularity of DIY soil testing kits
- Growing emphasis on integrating geotechnical testing software in soil
- testing equipment
- Growing popularity of automatic soil testing equipment
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Controls S.p.A.
- ELE International
- Gilson Company, Inc.
- Humboldt Mfg. Co.
- LaMotte Company
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape