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Press Release / Business / Construction Material Testing Equipment Market is likely to register double digit CAGR during 2019-2027

Construction Material Testing Equipment Market is likely to register double digit CAGR during 2019-2027

By Neha Bhosale on October 28 2020 | 122 Views

Construction Material Testing Equipment Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2019-2027

The “New” Normal To Decide The Fate Of Construction Material Testing Equipment Market
As per a report available on XploreMR, the global construction material testing equipment market is expected to take an unexpected turn in the forecast period. Construction material testing equipment are primarily used for identifying defect as well as discontinuity in soils, steel, asphalt, aggregate, cement, and concrete. The market is bound to get fuelled by introduction of strict regulations by the regulatory authorities across the globe.
The other factor expected to drive the market is usage of construction material testing equipment for improving processes, reducing waste, and limiting liability.
Also, the obsolete infrastructures need extension. There have been incidences of infrastructures failing as well. Safety/Quality assurance calls for testing the equipment beforehand. This factor iss also expected to drive the market.
However, there is a dearth of skilled professionals in this sector. That is likely to prove as an impedance to the construction material testing equipment market going forward.
Click HERE To get SAMPLE PDF (Including Full TOC, Table & Figures) at https://www.xploremr.com/connectus/sample/3673
Construction Material Testing Equipment Market Dynamics
Rapid urbanization, smart cities coming up, and infrastructural elevation are expected to boost the construction material testing equipment market. The equipment could be a universal testing machine, non-destructive testing equipment, hardness testing machine, servo hydraulic testing machine, and the impact testing machine. Then there are laboratory testing equipment and onsite testing equipment. The developed countries would contribute to the growth of the market in the form of replenishing the existing structures, whereas the developing countries would do the same based on the factors mentioned above.
Covid-19 Impact
The outbreak of Covid-19 has halted the construction sector. In other words, the uncertainty resulting out of Covid-19 has asked for people putting up “construction” as a lop-sided priority. This scenario has been persisting since Mar 2020 and is expected to continue with till the end of 2020.
The year 2021 is expected to bring the market back on track, but the subsequent growth won’t be a geometric progression. Instead, it is expected to witness linear transition.
Request Methodology of this report:  https://www.xploremr.com/connectus/request-methodology/3673
Insights: Region-wise
Region-wise, the construction material testing equipment market comprises North America (US, Canada), Europe (UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (India, China, Australia, Japan, Rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, Saudi Arabia, Rest of LAMEA).
North America and Europe collectively do account for the largest market share. As stated above, this could be reasoned with infrastructural upgradation herein. Asia-Pacific, LAMEA are expected to catch up on a higher note as urbanization is at its peak in these regions. Also, several industries are shifting their offshore delivery centres to Asia-pacific due to less overheads involved.
The year 2021 is expected to bring back these trends.
Competitive Landscape
The players operating in the construction material testing market include ELE International, Aimil Ltd., Controls S.p.A., Humboldt Mfg. Co., Zwick Roell Group, Papworths Construction Testing Equipment, OLSON INSTRUMENTS INC., Applied Test Systems, Qualitest International Inc., Canopus Instruments, CMT Equipments, Matest S.p.A. The players, though not into any new venture right now amidst the worldwide crisis, are planning to expand their base to more number of geographies once the things settle down for good.
The “new” normal is expected to bring about changes in the construction sector as well. People will prefer opting for budget homes and offices to cover up the losses incurred during lockdown. This will compel the players to devise new-fangled ways to grab the mindshare of customers.



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