Construction Material Testing Equipment Market: Competitor Analysis, Trends, and Size Assessment for 2024-2033

The construction material testing equipment market size has grown strongly in recent years. It will grow from $3.08 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to infrastructure development, urbanization, stringent regulations, globalization, quality assurance requirements.

The construction material testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to renewable energy infrastructure, digitalization and industry 4.0, sustainable construction practices, smart cities development, global construction boom. Major trends in the forecast period include integration of artificial intelligence (AI) and machine learning (ML), rise of remote monitoring and telemetry, emphasis on sustainable testing solutions, expansion of portable and handheld devices, adoption of cloud-based testing platforms.

Market Overview -
Construction material testing equipment refers to a range of instruments, apparatus, and machinery used to assess the physical and mechanical properties of materials commonly employed in construction projects. These testing tools are critical for determining the quality, strength, durability, and conformity of materials with industry standards in a variety of building projects.

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Expansion Of Construction Industry Fuels Growth In The Construction Material Testing Equipment Market
The rising expansion of the construction industry is expected to propel the growth of the construction material testing equipment market going forward. The construction industry refers to the sector dedicated to the planning, creation, renovation, and maintenance of physical structures and infrastructure. The construction sector is growing due to a significant demand for renovation, remodeling, and retrofitting of existing buildings and the increasing development of single-family homes, multi-family housing units, and affordable housing projects. Construction material testing equipment is used in the construction industry to assess the quality, strength, and durability of materials such as concrete, asphalt, soil, and aggregates, ensuring compliance with project specifications and regulatory standards. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. The volume of monthly construction output climbed by 2.0% in December 2021. In addition to the monthly rise, the construction industry's quarterly production climbed by 1.0% in Q4 2021 compared to Q3 of the same year. Therefore, the rising expansion of the construction industry is driving the growth of the construction material testing equipment market.

Competitive Landscape -
Major companies operating in the construction material testing equipment market are Thermo Fisher Scientific Inc., Qualitest International Inc., MTS Systems Corporation, Zwick Roell Group, Aimil Ltd., Instron Corporation, Tinius Olsen Testing Machine Company, Hoskin Scientific, Gilson Company Inc., CONTROLS Group, Cooper Research Technology Ltd., Testmark Laboratories Ltd., Applied Test Systems, Pavement Technology Inc., Papworths Construction Testing Equipment Pty Ltd., Giatec Scientific Inc., Olson Instruments Inc., M&L Testing Equipment Inc., ELE International Ltd., CMT Equipment Ltd., Humboldt Mfg. Co., James Instruments Inc., Matest S.p.A., Torontech Inc., Forney LP

Connected CMT Machines Transforming The Construction Material Testing Equipment Market
Major companies operating in the construction material testing equipment market are developing new advanced solutions, such as connected CMT machines, to gain a competitive edge in the market. Connected CMT (construction materials testing) machines are advanced testing equipment integrated with digital technology and software platforms, allowing seamless communication and data exchange between the machine and external systems. For instance, in January 2024, Forney LP, a US-based construction materials testing machine manufacturing company, launched Connected CMT Machines. These machines revolutionize the testing process by eliminating the risk of specimen misidentification and significantly increasing efficiency and accuracy. With connected machines, technicians can now load and test specimens twice as fast while ensuring that each test is conducted on the correct specimen on the right date. This is made possible through advanced features such as positive specimen identification via barcode scan and pre-test Smart Checks that validate sample data and characteristics. The integration with ForneyVault, a powerful software platform, further enhances the testing process by providing detailed XY plot data for every test, alerts and notifications for calibration expiration and variance, and intelligent workflows for reporting and approvals.

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Key Segments -

The construction material testing equipment market covered in this report is segmented -
1) By Product Type: Soil Testing Equipment, Aggregate Testing Equipment, Concrete Testing Equipment, Other Products
2) By Location: On-Site, R&D Laboratories, Educational Institutes
3) By Application: Residential, Commercial, Transport, Other Applications
4) By Industry: Food And Beverages, Pharmaceuticals, Metal Working, Building And Construction, Other Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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