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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