$2.4 Billion Worldwide Construction Material Testing Equipment Industry to 2027 - Impact of COVID-19 on the Market
DUBLIN, March 5, 2021 /PRNewswire/ -- The "Construction Material Testing Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Soil Testing Equipment, one of the segments analyzed in the report, is projected to grow at a 5.7% CAGR to reach US$646.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aggregate Testing Equipment segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 37.9% share of the global Construction Material Testing Equipment market.
Concrete Testing Equipment Segment Corners a 34% Share in 2020
In the global Concrete Testing Equipment segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$624.3 Million in the year 2020 will reach a projected size of US$868.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$474.4 Million by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.
Competitors identified in this market include, among others:
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
For more information about this report visit https://www.researchandmarkets.com/r/1ud87j
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