APAC to Dominate Soil Testing Equipment Market until 2025
According
to TechSci Research report, “Global Soil Testing
Equipment Market By End Use Industry (Agriculture, Construction, Others), By
Type of Tests (Physical Test, Chemical Test, Residual Tests), By Degree of
Automation (Manual, Automatic, Semi- Automatic), By Site (Laboratory Vs On-
Site), By Region, Competition, Forecast & Opportunities, 2025”, global
soil testing equipment market is expected to witness significant growth rate during
the forecast period. Growing requirement for proper farm management practices is one of the major factors accounting for
the growth of global soil testing equipment market. Moreover, need for
faster & reliable test results is expected to bode well for the growth of
global soil testing equipment market through the forecast period. In addition
to this, industrialization, and intensification of agriculture, is anticipated
to positively influence the growth of global soil testing equipment market in
the years to come. Also, continuous implementation of precision farming for maximizing
the yield and profitability of crops, is making headway for the growth of
global soil testing equipment market. Along with this, chemical outbreaks
across the globe is leading to increased frequency of soil testing, thereby anticipated
to positively contribute to the market growth during the next five years.
However, there are some factors that might act as major impediments to the
growth of global soil testing equipment market through 2025 including high
initial cost of soil testing equipment and inability to obtain soil
characteristics quickly.
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Global
soil testing equipment market can be segmented based on end use industry, type of tests, degree of automation, site, company,
and region. Considering the end use industry, the market is fragmented into agriculture,
construction, and others. Among these, the construction segment dominated the
global soil testing equipment market until 2019 and is further anticipated to
maintain its dominance during the forecast period as well. Rapidly expanding construction
industry, especially in developing nations such as India, etc., is one of the key
factors leading to the dominance of construction segment in the soil testing
equipment market. Moreover, India has received substantial foreign direct
investments for the improvement of infrastructure in the light of rapid
industrialization, which is further estimated to contribute to the growing
trend. Additionally, rise in global infrastructure spending is further expected
to fuel the growth of soil testing equipment market in the years to come.
Agilent Technologies, Thermo Fisher
Scientific, Merck Group, Perkinelmer Inc., Controls S.P.A, Lamotte Company, Geotechnical
Testing Equipment UK Ltd, Sun Labtek Equipment (I) Pvt. Ltd, Martin Lishman Ltd,
S.W. Cole, ELE International, Gilson Company Inc., Humboldt MFG. Co., Eie
Instruments Pvt. Ltd., Eurofins Scientific, Aimil Ltd., Alfa Testing Equipment,
Matest, M & L Testing Equipment, Shambhavi Impex, are among others
are the leading players operating in global soil testing equipment market. The
players are adopting several growth strategies to enhance the market scenario
of soil testing equipment. Other competitive strategies include new product
launches; mergers & acquisitions; agreements, partnerships, and
collaborations; and expansions to diverse their product portfolio in order to
strengthen their market position.
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“Asia Pacific is forecast to dominate the global soil testing equipment
market until 2025 on account of growing funds for environmental protection. Furthermore,
presence of key market players in the region is further anticipated to boost the
market growth for soil testing equipment over the coming years. In addition to
this, shift of trend towards adoption of organic farming is further estimated
to aid the market growth in the coming years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Soil Testing
Equipment Market By End Use Industry (Agriculture, Construction, Others), By
Type of Tests (Physical Test, Chemical Test, Residual Tests), By Degree of
Automation (Manual, Automatic, Semi- Automatic), By Site (Laboratory Vs On-
Site), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the
future growth potential of global soil testing equipment market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global soil testing equipment market.
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