Construction Material Testing Equipment Market Development
Added: (Wed Jun 19 2019)
Continuous growth in the infrastructure sector is significantly driving the global construction material testing equipment market. Construction material testing equipment is used to perform the testing of structural material and components that are used for construction. Construction material testing equipment covers the testing of shallow and deep foundations, earthwork, wood construction, destructive concrete testing, non-destructive concrete testing, structural steel, structural masonry, asphalt pavement evaluation, and others. Engineers analyze the properties of these material during the design process of any new construction, using construction material testing equipment. When bases, highways, railway tracks, dams, and others are constructed, it is important to check the properties of material used for construction for compatibility with construction material testing equipment. During the design stage of construction, engineers test and analyze each material or component used for construction using construction material testing equipment.
Soil testing and concrete testing are important tests that are performed during construction using construction material testing equipment. Soil plays a key role in civil engineering. Construction material testing equipment used for soil testing provides data of the soil mechanics and the compatibility of the soil with silt, rock, sand, clay, etc. Various standards play a key role in the construction material testing equipment market. Rapid urbanization in developing countries such as India, Brazil, Mexico, China, and others are significantly creating huge demand for construction material testing equipment. For instance, in May 2018, President of CBIC (Brazilian Chamber of the Construction Industry) stated that, the construction market is experiencing decent recovery in Brazil with the strengthening GDP. These developments are expected to drive the global construction material testing equipment market significantly.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8557
Recent Innovations in Construction Material
With recent developments and innovation in the material used for construction are creating huge demand for construction material testing equipment, and are significantly driving the global construction material testing equipment market. Recent innovations in construction material are Martian concrete, self-healing concrete, pollution absorbing bricks, and CABKOMA strand rods, besides others. These material are significantly gaining momentum in the market, and it requires advanced construction material testing equipment for the evaluation of these materials.
In terms of value, the global construction material testing equipment market is expected to reach 3.8 Bn by 2027. By application, the residential segment is expected to register a CAGR of 5.6% in the construction material testing equipment market. The high rate of urbanization is driving the construction material testing equipment market’s residential segment. As per World Bank data, the global rate of urbanization has increased from 53% in 2013 to 54.8% in 2017.
Stringent Regulations and Standards by Regulatory Bodies
Various associations and regulatory bodies of different countries have defined a set of standards needed to be met during the construction process with respect to the building and material used. These standards and regulations play a key role and create huge demand for construction material testing equipment. Moreover, increasing concerns regarding safety and the need to construct buildings that are resistive to natural disasters play a key role in the construction material testing equipment market. Standards set by ASTM for building, cement, concrete, geotechnical, and others are the Standard Test Method for Lightweight Particles in Aggregate, Standard Test Method for Abrasion Resistance of Concrete by Sandblasting, and others. These are the few key standards that are having a positive impact on the growth of the global construction material testing equipment market.
Market in Asia Pacific Excluding Japan Surgingon Account of High Infrastructure Development
Asia Pacific excluding Japan is expected to hold a prominent market share in the global construction material testing equipment market during the forecast period. The booming construction industry and the increasing rate of urbanization in the developing countries of APEJ, such as China and India, are creating huge demand for construction material testing equipment. Various government projects in the construction sector such as constructing new highways, railways, airports, and others are expected to drive the construction material testing equipment market in APEJ.
As per Xinhua, news agency in China, construction companies in China are significantly contributing to infrastructure expansion in China, significantly impacting the construction material testing equipment market. In 1978, the country had only 52,000 km of railways in operation, and in 2017, the length increased to 127,000 km, including 25,000 km of high-speed railways. These developments have a huge positive impact on the growth of the global construction material testing equipment market.
Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-8557
Partnerships and Acquisitions Remain a Key Strategy Adopted by Vendors
Vendors of construction material testing equipment are continuously focusing on the development of advanced technology products with latest software by entering into partnerships or acquiring prominent market players. For instance, in October 2018, Eurofins Scientific, one of the players in bio analytical testing including construction material testing equipment, acquired TestAmerica, a prominent player in environmental consulting and engineering solutions. With this acquisition, Eurofins Scientific significantly delivered enhanced products and strengthened its position in the U.S. market. Partnerships and acquisitions have a significant impact on the construction material testing equipment market. Some of the key players in the construction material testing equipment market are Humboldt Mfg. Co., Controls S.p.A., Qualitest International Inc., Cooper Research Technology Ltd., EIE Instruments, Utest, Aimil Ltd., NL SCIENTIFIC INSTRUMENTS SDN BHD, Matest, and others.
Submitted by:Umesh Babar