Future Market Insights (FMI) recently published a report, titled ‘Construction Material Testing Equipment Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027’. Construction material testing equipment performs the testing of structural material and components that are used for construction. Construction material testing equipment includes 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 analyse 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 using construction material testing equipment. During the design stage of construction, engineers test and analyse each material or component used for construction using construction material testing equipment.
The global construction material testing equipment market is expected to grow at a CAGR of 5.4% during the forecast period. The construction material testing equipment market was valued at US$ 2,415.9 Mn in 2018 and is expected to increase to reach US$ 3,854.3 Mn by 2027. Continuous development in infrastructure, huge investments by governments in construction, innovation of advanced construction material, strict regulations for material testing is contributing to the growth of the construction material testing equipment market.
Increasing Sales of New Houses in Brazil and Other Developing Countries
Rapid urbanization and increasing number of residential houses in developing countries such as Brazil, Mexico, India, South Africa, and others are significantly driving the global construction material testing equipment market. For instance, as per World Bank data, the global rate of urbanization has increased from 53% in 2013 to 54.8% in 2017. As per CBIC, the sales of new houses in Brazil jumped over 20% in first quarter of 2018. The sales of homes reached 24,712 units in the first quarter of 2018 from 20,209 units in previous quarter. These factors are positively impacting the growth of the construction material testing equipment market, globally. The residential segment of the global construction material testing equipment market is expected to witness a CAGR of 5.6% during the forecast period.
Discovering New Construction Material
The increasing number of research and development laboratories, and increasing interest regarding the development of new construction material is creating huge demand for construction material testing equipment. Researchers have innovated construction material such as Martian concrete, light generating cement, CABKOMA strand rods, pollution absorbing bricks, and others. These new materials are expected to revolutionize the construction material testing equipment market, and will have significant impact on the demand for advanced construction material testing equipment with upgraded features. Vendors are highly focused on the development of advanced construction material testing equipment to fulfil market demand.
Continuous Infrastructural Development is Taking Place in Countries such as China and India
Rapid increase in commercial and residential infrastructure in the developing countries of (Asia Pacific Excluding Japan) APEJ is expected to drive the construction material testing equipment market. Continuous infrastructure development in the railway, oil and gas, highway, and telecom sectors is creating potential demand for construction material testing equipment. In India, the construction market is expected to grow on an average of 7% each year till 2025. The Indian construction market is expected to be the third-largest market, globally, by 2025. The Indian construction equipment industry is estimated to be valued at US$ 5 Bn by 2020. All these factors are expected to create a huge positive impact on the growth of the global construction material testing equipment market during the forecast period.
Launch of Material Testing Equipment with Upgraded Features The vendors of construction material testing equipment are highly focused on the development of technologically-advanced construction material testing equipment. For instance, in December 2018, Controls S.p.A launched a dynamic testing machine with latest software features to attract new customers. A few 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.
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