Increasing adoption of precision farming, need for more efficient farm management programs, and increasing promotion of soil testing by governments are key factors expected to drive revenue growth of the market
Market Size – USD 3.66 Billion in 2020, Market Growth – at a CAGR of 11.2%, Market Trends – Increasing industrialization and urbanization in emerging economies
The global Soil Testing Equipment Market size is expected to reach USD 8.57 Billion by 2028 at a CAGR of 11.2%, according to a latest report by Reports and Data. Increasing adoption of precision agriculture and rapid industrialization across the globe has boosted demand for soil testing equipment from the agriculture and construction sectors and this is expected to drive market revenue growth to a significant extent over the forecast period. Increasing need for more precise and efficient farm management practices and increasing number of government policies to promote soil testing are some other key factors expected to contribute to revenue growth of market going ahead.
Soil testing equipment provides important information about soil and rock characteristic that are vital for end-use industries such as agriculture and construction sectors. Soil testing equipment is used to determine nutrient levels in soil, composition, acidity and pH balance, and moisture content. It offers critical insights about soil, which can be used by civil engineers to help select the ideal foundation system and design parameters for building, dams, roads, and other infrastructure. Adoption of precision agriculture has maximized crop yield and profitability and enabled assessment of soil fertility and nutrient content to optimize soil quality and formulation. This has further resulted in increased crop yield and reduction in initial costs, and is expected to further drive market growth over the forecast period.
Key companies operating in the market include Agilent Technologies (US), Thermo Fisher Scientific Inc., Merck Group, PerkinElmer Inc., Controls S.p.A, LaMotte Company, Geotechnical Testing Equipment UK Ltd., Sun Labtek Equipments (I) Pvt. Ltd., Martin Lishman Ltd., Humboldt Mfg. Co., Eurofins Scientific, Alfa Testing Equipment, M&L Testing Equipment, Shambhavi Impex, and Matest, among others.
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Some Key Highlights from the Report:
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For the purpose of this report, Reports and Data has segmented the global soil testing equipment market based on type of tests, degree of automation, site, end-use industry, and region:
Type of Tests Outlook (Revenue, USD Billion; 2018-2028)
Degree of Automation Outlook (Revenue, USD Billion; 2018-2028)
Site Outlook (Revenue, USD Billion; 2018-2028)
End-user Industry Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Table of Content:
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Soil Testing Equipment – Market Snapshot & Key Buying Criteria, 2018-2028 Chapter 3 Soil Testing Equipment Industry Outlook 3.1 Market Segmentation and Scope 3.2 Soil Testing Equipment – Market Size and Growth Prospects 3.3 Soil Testing Equipment – Value Chain Analysis 3.4 Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Rapid adoption of precision agriculture driving product demand 3.4.1.2 Increasing construction activities 3.4.2 Market restraint/challenges analysis 3.4.2.1 High equipment cost 3.5 Key Opportunities Prioritized 3.6 Industry Analysis – Porter’s 3.7 Soil Testing Equipment – Key Company Analysis, 2021 3.8 PEST Analysis Chapter 4 Soil Testing Equipment Type of Test Estimates & Trend Analysis 4.1 Soil Testing Equipment Market: Product Movement Analysis 4.1.1 Physical Test 4.1.1.1 Market estimates and forecasts, 2018–2028 (USD Billion) 4.1.1.2 Market estimates and forecasts by region, 2018–2028 (USD Billion) 4.1.2 Residual Test 4.1.2.1 Market estimates and forecasts, 2018–2028 (USD Billion) 4.1.2.2 Market estimates and forecasts by region, 2018–2028 (USD Billion) 4.1.3 Chemical Test 4.1.3.1 Market estimates and forecasts, 2018–2028 (USD Billion) 4.1.3.2 Market estimates and forecasts by region, 2018–2028 (USD Billion)
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Chapter 7 Competitive Landscape 7.1 Company Profiles 7.2 Agilent Technologies 7.2.1 Company overview 7.2.2 Financial performance 7.2.3 Product benchmarking 7.2.4 Recent developments 7.3 Thermo Fisher Scientific, Inc. 7.3.1 Company overview 7.3.2 Financial performance 7.3.3 Product benchmarking 7.3.4 Recent developments 7.4 Merck Group 7.4.1 Company overview 7.4.2 Financial performance 7.4.3 Product benchmarking 7.4.4 Recent developments 7.5 PerkinElmer, Inc. 7.5.1 Company overview 7.5.2 Financial performance 7.5.3 Product benchmarking 7.5.4 Recent developments
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