USD 4.74 billion
Soil Testing Equipment Market Size, Share, Growth Analysis, By Automation(Manual, Semi-automatic), By Site(Laboratory, On-site), By Test Type(Physical, Residual), By Industry Vertical(Agriculture, Construction) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2230 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|
Tables:
116 |
Figures:
70
Soil Testing Equipment Market Insights
Global Soil Testing Equipment Market size was valued at USD 4.74 billion in 2022 and is poised to grow from USD 5.22 billion in 2023 to USD 11.36 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).
Soil testing equipment refers to devices or instruments used to determine the characteristics of soil for different applications and understand it better. Growing demand for soil assessment in different industry verticals such as agriculture and construction is projected to primarily drive the sales of soil testing equipment in the future. High adoption of precision agriculture practices, increasing emphasis on improving soil health, and growing investments in infrastructure development are forecasted to augment soil testing equipment market development in the future. However, high initial costs of soil testing equipment procurement and limited accessibility are estimated to hamper soil testing equipment market growth over the coming years. Rising adoption of soil health management practices and growing awareness regarding importance of soil health are estimated to create new opportunities for soil testing equipment companies in the long run.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Semi-automatic
Fastest Growth
Automatic
Growth Rate
10.2% CAGR
Global Soil Testing Equipment Market ($ Bn)
Country Share for North America Region (%)
Global Soil Testing Equipment Market By Automation ($ Bn)
Global Soil Testing Equipment Market By Automation (%)
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Soil Testing Equipment Market Segmental Analysis
The global soil testing equipment market is segmented based on test type, industry vertical, automation, site, and region. Based on test type, the market is segmented into physical, residual, and chemical. Based on automation, the market is segmented into manual, semi-automatic, and automatic. Based on site, the market is segmented into laboratory and on-site. In terms of industry vertical, the market is divided into agriculture, construction, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Automation
Semi-automatic soil testing equipment is expected to hold sway over the global soil testing equipment market. Semi-automatic soil testing devices require minimum human intervention for precision tasks and help keep manual errors to the minimum. High accuracy at an affordable price is also a key benefit offered by semi-automatic soil testing equipment that allows it to hold a high market share.
Demand for automatic soil testing equipment is predicted to increase at a rapid pace across the forecast period and beyond. Increasing demand for automation in all industry verticals is projected to help this segment expand at a notable pace over the coming years.
Analysis by Industry Vertical
Agriculture industry is projected to account for major share of the global soil testing equipment market. High importance of soil health in this industry and growing emphasis on improving agricultural yield around the world are projected to bolster the demand for soil testing equipment in this segment. Increasing adoption of precision farming practices by farmers will also promote soil testing equipment sales in the agriculture industry going forward.
Demand for soil testing equipment in the construction industry is slated to rise at a rapid pace across the forecast period. Increasing investments in infrastructure development and rising emphasis on soil testing for different types of construction projects help this segment expand at a rapid pace.
Global Soil Testing Equipment Market By Automation, 2022 (%)
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Soil Testing Equipment Market Regional Insights
Growing emphasis on improving agricultural yield and supportive government initiatives to spread awareness regarding soil health allow North America to dominate the global soil testing equipment market. High use of precision agriculture practices in this region coupled with growing availability of advanced soil testing equipment are also helping market growth. The United States is projected to spearhead the demand for soil testing equipment in North America followed by Canda.
Demand for soil testing equipment in Asia Pacific is slated to rise at a robust pace over the coming years. Growing construction activity and the presence of a robust agriculture industry in this region are predicted to primarily augment the sales of soil testing equipment in this region going forward. India, China, and Indonesia are estimated to be the leading markets in this region owing to the rising adoption of precision agriculture practices in these countries. Rising awareness regarding importance of soil health in this region will also aid market development in the long run.
Global Soil Testing Equipment Market By Region, 2024-2031
- Largest
- Fastest
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Soil Testing Equipment Market Dynamics
Drivers
High Adoption of Precision Agriculture
- Rapidly increasing global population has also increased the demand for food products and agricultural produce, which is pushing farmers to opt for precision agriculture practices and drive soil testing equipment market growth as well.
Growing Demand for Soil Quality Assessment
- Demand for soil quality and health assessment is increasing from different industry verticals ranging from construction and agriculture to environmental management companies as well. Soil testing equipment is highly vital in assessing soil quality and hence this trend drives market development.
Restraints
High Costs of Soil testing equipment
- Advanced soil testing equipment utilized sophisticated technologies and components, which increases its cost of production and this results in the creation of an expensive end-product thereby slowing down soil testing equipment sales.
Limited Accessibility
- Soil testing equipment is quite advanced and not many organizations or individuals in underdeveloped or developing economies have access to this, which is projected to impede market development in the long run.
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Soil Testing Equipment Market Competitive Landscape
Soil testing equipment providers should focus on product innovation to maximize their sales and gain a competitive advantage over other market players. Soil testing equipment manufacturers can also focus on integration of advanced technologies to improve the functionality of their products going forward. Collaboration, mergers, and acquisitions are also popular strategies for companies looking to expand their market share and global presence.
Top Player’s Company Profiles
- Humboldt Mfg. Co.
- Sun Labtek Equipments Pvt. Ltd.
- S.W. Cole
- Agilent Technologies
- Martin Lishman Ltd.
- LaMotte Company
- Ele International Controls S.p.A
- Merck Group
- Geotechnical Testing Equipment UK Ltd.
- PerkinElmer Inc.
- Thermo Fisher Scientific Inc.
- Shambhavi Impex
- Gilson Company Inc.
Recent Developments
- In June 2023, IIT Kanpur, a leading educational institute based in India, announced the launch of Bhu-Parikshak in the market. This new rapid soil testing device is capable of getting results on soil health in as little as 90 seconds.
- In August 2022, Precision Planting, a leading supplier of advanced farm equipment, announced the launch of its fully automated soil sampling laboratory. Radicle Lab is capable of running hundreds of soil samples unattended without the margin for human error.
Soil Testing Equipment Key Market Trends
- Integration of Big Data Analytics: Soil testing equipment providers should focus on integrating big data analytics to generate better results and provide a comprehensive evaluation of soil samples. Big data analytics can combine results from soil testing equipment with other sources to generate more accurate and meaningful insights.
Soil Testing Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing adoption of precision agriculture and rising investments in infrastructure development are forecasted to bolster the sales of soil testing equipment in the future. On the contrary, high costs of advanced soil testing equipment and limited accessibility to the same are slated to hamper soil testing equipment demand outlook in the long run. The Asia Pacific region is slated to emerge as the fastest-expanding market owing to high use of precision agriculture in countries such as China and India. Soil testing equipment companies can focus on integration of big data analytics and other advanced technologies to foster product innovation going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.74 billion |
| Market size value in 2031 | USD 11.36 billion |
| Growth Rate | 10.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Soil Testing Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Soil Testing Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Soil Testing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Soil Testing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Soil Testing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Soil Testing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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