Global Soil Testing Equipment Market Size, Share, and COVID-19 Impact Analysis, By Test (Physical, Residual, and Chemical), By Automation (Manual, Semi-automatic, and Automatic), By End-user (Agriculture, Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Agriculture

RELEASE DATE Jun 2024
REPORT ID SI4585
PAGES 206
REPORT FORMAT PathSoft

Global Soil Testing Equipment Market Insights Forecasts to 2033

  • The Global Soil Testing Equipment Market Size was Valued at USD 4.21 Billion in 2023
  • The Market Size is Growing at a CAGR of 10.33% from 2023 to 2033
  • The Worldwide Soil Testing Equipment Market Size is Expected to Reach USD 11.25 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Soil Testing Equipment Market

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The Global Soil Testing Equipment Market Size is Anticipated to Exceed USD 11.25 Billion by 2033, Growing at a CAGR of 10.33% from 2023 to 2033.

 

Market Overview

Soil testing equipment is a collection of devices or instruments used to determine and better understand soil properties for various uses. The growing need for soil evaluation in many sector verticals, such as agriculture and construction, is expected to fuel future sales of soil testing equipment. High adoption of precision agriculture technologies, increased attention to soil health, and increased investment in infrastructure development are expected to drive soil testing equipment market growth in the future. Rising adoption of soil health management strategies and increased awareness of the importance of soil health are expected to open up new prospects for soil testing equipment firms in the long run. Additionally, the construction industry relies significantly on soil testing equipment to determine soil parameters before beginning any building project. Engineers and contractors must have precise data on soil carrying capacity, compaction, and stability to maintain the structural integrity and safety of structures and infrastructure. With India's increasing demand for infrastructure development and urbanization, the construction sector will continue to require precision soil analysis.

 

Report Coverage

This research report categorizes the market for the global soil testing equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global soil testing equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global soil testing equipment market.

 

Global Soil Testing Equipment Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 4.21 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :10.33%
2033 Value Projection:USD 11.25 Billion
Historical Data for:2019-2022
No. of Pages:206
Tables, Charts & Figures:110
Segments covered:By Test, By Automation, By End-user, By Region
Companies covered:: Agilent Technologies, 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, S.W. Cole, Ele International, Gilson Company Inc., Humboldt Mfg. Co., EIE Instruments Pvt. Ltd, and Others Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

Growing knowledge among farmers, agronomists, and policymakers about the importance of soil health in sustainable agriculture is an important motivator. Utilizing soil testing equipment facilitates the evaluation of several characteristics such as nutrient content, pH levels, and soil fertility that are critical for maximizing agricultural output and sustainability. Precision agricultural approaches, which use data-driven technologies to maximize crop yield while reducing inputs, are gaining popularity. By giving precise information about soil conditions, soil testing equipment is essential to precision agriculture due to it helps farmers make well-informed decisions regarding crop management, fertilization, and irrigation. Higher-quality crops with superior nutritional value and flavor are in greater demand due to expanding populations and shifting dietary habits. Soil testing equipment helps farmers optimize soil conditions to produce crops with desired characteristics. fast increase in infrastructure and building, owing to fast urbanization and population growth, is driving up demand for soil testing kits. Furthermore, restricted government requirements and regulations for construction materials are expected to drive up demand for soil testing kits, both improved and advanced.  Scientists at the Environmental Protection Agency (EPA) are developing fast, dependable, and low-cost methods for determining the bioavailability of arsenic and lead in polluted soils. This contributes to the market growth for soil testing kits.

 

Restraining Factors

Soil testing equipment, particularly complex devices with sophisticated technologies, might have a high initial cost. This can be a barrier, particularly for small-scale farmers or agricultural firms with limited resources, limiting their capacity to invest in soil testing infrastructure. To make informed decisions concerning soil management strategies, soil test findings are frequently interpreted and analyzed. The difficulty of understanding soil test results can be a barrier, especially for farmers who lack access to agronomic expertise or support services. This could lower the perceived value of soil testing equipment. The soil testing equipment market may be fragmented, with many manufacturers, suppliers, and service providers offering a diverse range of goods and solutions.

 

Market Segmentation

The global soil testing equipment market share is classified into test, automation, and end-user.

  • The physical segment is expected to dominate the global soil testing equipment market during the forecast period.   

Based on the test, the global soil testing equipment market is divided into physical, residual, and chemical. Among these, the physical segment is expected to dominate the global soil testing equipment market during the forecast period. These tools, which include a wide range of devices and tools, play an important part in measuring different characteristics of soil such as density, moisture content, compaction, and more. Their significant popularity comes from the essential role they play in maintaining soil health for agricultural and construction applications.

 

  • The semi-automatic segment is expected to dominate the global soil testing equipment market during the forecast period.    

Based on the automation, the global soil testing equipment market is divided into manual, semi-automatic, and automatic. Among these, the semi-automatic segment is expected to dominate the global soil testing equipment market during the forecast period. The semi-automatic sector is expected to dominate the market. Semi-automatic soil testing equipment requires some user intervention but has automated elements that make the testing procedure easier. These devices find a balance between manual and completely automatic systems, providing a combination of accuracy and user control.

 

  • The construction segment is expected to hold the largest share of the global soil testing equipment market during the forecast period.

Based on the end user, the global soil testing equipment market is divided into agriculture, construction, and others. Among these, the construction segment is expected to hold the largest share of the global soil testing equipment market during the forecast period. The rapid rise of the residential and commercial sectors in developing countries is driving up spending on construction and infrastructure projects. This is boosting the demand for soil testing procedures and equipment in these industries for a variety of testing applications.

 

Regional Segment Analysis of the Global Soil Testing Equipment Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

 

North America is anticipated to dominate the global soil testing equipment market over the predicted timeframe.

 

Global Soil Testing Equipment Market

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North America is anticipated to dominate the global soil testing equipment market over the predicted timeframe. The growing emphasis on enhancing agricultural productivity, combined with supportive government programs to raise soil health awareness, has allowed North America to dominate the global soil testing equipment industry. The widespread use of precision agriculture practices in this region, combined with the increasing availability of modern soil testing equipment, is also contributing to market expansion. The United States is expected to drive demand for soil testing equipment in North America, followed by Canada. The region is dominating the market as a result of the rising use of new technologies and automation processes across sectors. Rising population and income levels are also helping to drive industry growth. Growth is expected to be accelerated by major market participants increasing their spending on R&D projects and expanding their production capacities and product lines. Technological advancements help to expand the regional market.

 

Asia Pacific is expected to grow at the fastest rate in the global soil testing equipment market during the forecast period. Growing construction activity and the presence of a strong agriculture business in this region are expected to boost sales of soil testing equipment in the future. India, China, and Indonesia are expected to be the dominant markets in this area as precision agriculture technologies become more widely adopted. Rising awareness of the importance of soil health in this region would also help the market grow in the long run. Food demand is increasing as the region's population grows and the level of living improves. The demand for soil testing equipment is going to rise in countries such as China and India, where agriculture accounts for a significant amount of the national economy. Furthermore, the governments of these nations are promoting sustainable agriculture methods, which are expected to boost market expansion.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global soil testing equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Agilent Technologies
  • 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
  • S.W. Cole
  • Ele International
  • Gilson Company Inc.
  • Humboldt Mfg. Co.
  • EIE Instruments Pvt. Ltd
  • Others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In August 2022, Precision Planting, a prominent producer of modern agriculture equipment, announced the opening of a fully automated soil sampling laboratory. Radicle Lab can do hundreds of soil sample analyses without human error margin.

 

  • In June 2022, Bhu-Parikshak, a quick soil-testing instrument created at IIT Kanpur, has gone commercial. This innovative device uses an embedded smartphone application to detect soil health in 90 seconds. It would allow individual farmers to receive soil health measurements for agricultural fields and recommended fertilizer dosages without needing to visit a laboratory.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global soil testing equipment market based on the below-mentioned segments: 

 

Global Soil Testing Equipment Market, By Test

  • Physical
  • Residual
  • Chemical

 

Global Soil Testing Equipment Market, By Automation

  • Manual
  • Semi-automatic
  • Automatic

 

Global Soil Testing Equipment Market, By End-user

  • Agriculture
  • Construction
  • Others

 

Global Soil Testing Equipment Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1.Which are the key companies that are currently operating within the market?
    Agilent Technologies, 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, S.W. Cole, Ele International, Gilson Company Inc., Humboldt Mfg. Co., and EIE Instruments Pvt. Ltd and others.
  • 2.What is the size of the global soil testing equipment market?
    The Global Soil Testing Equipment Market Size is Expected to Grow from USD 4.21 Billion in 2023 to USD 11.25 Billion by 2033, at a CAGR of 10.33% during the forecast period 2023-2033.
  • 3.Which region is anticipated to dominate the global soil testing equipment market?
    North America is anticipated to dominate the global soil testing equipment market over the predicted timeframe.

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