Increasing demand for process automation across industries is primarily fueling the adoption of cement and mortar testing equipment in construction industry. The global market for this equipment is ready to see just-under 5% yearly growth in the revenue. It is likely to cross the value of US$ 550 million in 2019.
Developing Asian Economies Remain the Hotbed of Opportunities
APEJ has more than 1/3rd share of the total market revenue. It remains the most lucrative region for cement and mortar testing equipment manufacturers and distributors.
Europe is an important market for this equipment penetration. It is also likely to demonstrate steady year-on-year revenue growth in 2019 and ahead.
Whereas, developing regions such as Latin America and MEA are poised to display promising performance in coming years – says a latest released market research intelligence study.
According to a senior market research professional at the compan: “China, India, and also Singapore are serving a vital role in boosting the growth of the equipment market across Asian region.”
Manufacturers to Discover High Potential Opportunities in R&D Sector
On-site material testing accounts for around half the market value share. Thus, it is the largest area for adoption of cement and mortar testing equipment. However, the report prompts at a rapidly emerging opportunity for manufacturers in the R&D sector.
Looking at the rate of revenue generation emerging in R&D sector, it is more likely that research and training laboratories would register relatively higher demand for cement and mortar testing equipment in coming years, according to the report.
Tightening Regulatory Standards for Construction Materials Push Market Growth
Product type assessment of both the cement and mortar testing equipment landscape reaffirms continued dominance of compression machines. This is then followed by tensile testing machines.
The analyst also explains the following. “A growing number of strict regulatory standards emerging for quality testing of construction materials. This includes cement and mortar is subsequently creating a positive outlook for further penetration of cement and mortar testing equipment. With growing significance and also 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 machines is currently accounting for over 60% share in the global market value, followed by stationary cement and mortar testing equipment.
Key Insights Drawn from Competitive Landscape Analysis
- R&D of advanced technology based testing equipment is likely to help manufacturers enhance their existing portfolio of offerings.
- Expectations show that long-term contractual distribution partnerships with regionally or globally leading distributors will strengthen distribution networks of leading market companies.
- Digital testing equipment offering additional features. These features include digital data recording, and increased automation of equipment. These have a reputation for delivering higher level accuracy are likely to remain on the radar of key players.
The top 10 ranking players in this market account for around 45% share of the total market revenue. This leaves the competitive landscape fragmented. The global cement and mortar testing equipment market report offers thorough profiles of leading companies. It has an objective to shed light on their key strategic developments in recent years.
Some of the players covered in this market eport include Humboldt Mfg. Co., NL Scientific Instruments SDN BHD, Controls S.p.A and ELE International. Additionally, others include EIE Instruments, Accro-Tech Scientific Industries, Cement Test Equipment, Aimil Ltd., Qualitest International Inc., and Matest.
In an effort to address a longstanding challenge of the lack of skill to efficiently and accurately operate cement and mortar testing equipment, Controls Group – one of the leading suppliers of material testing equipment – recently organized a training session for consumer companies, on the details of operating these compression machines, in Italy.