First publishedon www.AggBusiness.com
Increasing demand for process automation across industries is fuelling the greater use of cement and mortar testing equipment in the global construction sector, according to new research.
Titled ‘The Cement and Mortar Testing Equipment Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 – 2027’, the research report by Future Market Insights (FMI), a global business market intelligence consultancy, says the global market for cement and mortar testing equipment is likely to exceed US$550mn in value in 2019, representing just under 5% annual revenue growth.
With more than third share of the total market revenue, FMI notes that APEJ (Asia Pacific excluding Japan) remains the most lucrative region for cement and mortar testing equipment manufacturers and distributors.
Europe is also likely to offer steady year-on-year revenue growth for cement and mortar testing sector-focused companies in 2019 and beyond, along with developing markets such as Latin America and MEA (Middle East & Africa).
“China, India, and Singapore are serving a vital role in boosting the growth of cement and mortar testing equipment market across Asian region,” says a senior FMI analyst.
Accounting for around half the market value share, on-site material testing has been the largest area for adoption of cement and mortar testing equipment. However, the report prompts at a rapidly emerging opportunity for manufacturers in the research and development (R&D) sector.
Looking at the rate of revenue generation emerging in the R&D sector, it is more likely that research and training laboratories would register relatively higher demand for cement and mortar testing equipment in the coming years, according to the FMI report.
FMI states that assessment by product type of the cement and mortar testing equipment landscape reaffirms continued dominance of compression machines, followed by tensile testing machines.
The senior FMI analyst continues: "A growing number of strict regulatory standards emerging for quality testing of construction materials including cement and mortar is subsequently creating a positive outlook for further penetration of cement and mortar testing equipment. With growing significance and criticality of adoption of appropriate material testing equipment across the construction industry, compression machines and tensile testing machines are expected for higher growth over other equipment types.”
The machine type analysis of global cement and mortar testing market reveals that lightweight, easy-to-transport, and low maintenance portable cement and mortar testing equipment is currently accounting for over 60% share in the global market value, followed by stationary cement and mortar testing equipment.
Meanwhile, FMI says that the top 10 ranking players in the global cement and mortar testing equipment market account for a near 45% share of total market revenue, leaving the competitive landscape fragmented.
FMI’s new global cement and mortar testing equipment market report offers thorough profiles of leading companies. Some of the firms analysed include Humboldt Mfg Co., NL Scientific Instruments, Controls, ELE International, EIE Instruments, Accro-Tech Scientific Industries, Cement Test Equipment, Aimil, Qualitest International, and Matest.
In an effort to address the longstanding issue of customers’ lack of skills to efficiently and accurately operate cement and mortar testing equipment, the Italy-based Controls Group, one of the world’s leading suppliers of material testing equipment, recently organised a training session for consumer companies on how best to operate cement and mortar testing compression machines.
For more information about the FMI report, including how to purchase it, visit https://www.futuremarketinsights.com/reports/cement-and-mortar-testing-equipment-market