Global demand for the Soil Testing Equipment market was valued over USD 3.3 Billion in 2019 and is expected to reach a CAGR of 10.9% between 2019 and 2025.
This report analyzes and estimates the Soil Testing Equipment market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the Soil Testing Equipment market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Soil Testing Equipment market. To understand the competitive landscape in the global Soil Testing Equipment market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Soil Testing Equipment market based on Type of Tests, Site, Degree of Automation, End-user Industry, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Increasing adoption of proper farm management practices, rapid industrialization, and spiraling of agriculture are the major reasons propelling the growth of the global Soil Testing Equipment market. In addition, the growing demand for faster & reliable test results will further augment the growth of the global Soil Testing Equipment market. The precision farming techniques are found to help surge the yield and profitability of crops and also increase the movement of nutrients or soil fertility, which, in turn, will help increase the demand for soil testing equipment across the globe. Moreover, the increasing requirement for low expenditure with maximum yield will drive the global Soil Testing Equipment market growth. In addition, the increasing government initiatives in China promoting precision farming research and several other projects are expected to fuel the global Soil Testing Equipment market growth. The high global infrastructure expenditure is predicted to fuel the industries including soil testing equipment. Moreover, technological advancement and rising awareness regarding the advantages of soil testing is projected to fuel the demand for essential equipment.
On the basis of end-user industry, the global Soil Testing Equipment market is divided into Agriculture, Construction, and Others. In terms of type of tests, the market for soil testing equipment is sectored into Physical, Residual, and Chemical. By Site, the market is segregated into Lab and On-Site. Based on degree of automation, the global Soil Testing Equipment market is sectored into Automatic, Semi-Automatic, and Manual.
Some of the major players of the global Soil Testing Equipment market include Geotechnical Testing Equipment UK Ltd., Thermo Fisher Scientific Inc., Agilent Technologies, Merck Group, Controls S.p.A, LaMotte Company, PerkinElmer Inc., Ele International, M&L Testing Equipments, Martin Lishman Ltd., S.W. Cole, Sun Labtek Equipments (I) Pvt. Ltd., Gilson Company Inc., Humboldt Mfg. Co., Eurofins Scientific, Alfa Testing Equipment, Mates, EIE Instruments Pvt. Ltd., and Shambhavi Impex, among others.
The report on global Soil Testing Equipment market is segmented into:
Global Soil Testing Equipment Market: By Type of Tests Segmentation Analysis
Global Soil Testing Equipment Market: By Site Segmentation Analysis
Global Soil Testing Equipment Market: By Degree of Automation Segmentation Analysis
Global Soil Testing Equipment Market: By End-User Segmentation Analysis
Global Soil Testing Equipment Market: By Regional Segmentation Analysis