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Showing posts with the label Construction Material Testing Equipment Market Share

Global Construction Material Testing Equipment Market – Vital Part of Construction Industry

According to Goldstein Research, global construction material testing equipment market is expected to grow from USD 1.63 billion in 2015at a CAGR of 3.92% over the forecast period 2016-2024.The growing construction industry and smart cities development is propelling the growth of the market. Global construction material testing equipment market segmentation has been carried out on the basis ofequipment type, location and end user.Based on end-users, industrial sector occupied 75% revenue share in 2016. Moreover, introduction of reliable and quality construction material testing equipment that brings big opportunities for local and regional players is increasing the demand for construction material testing equipment for industrial user. Global construction material testing equipment market is driven by North America and Europe, being mature markets, witnessing moderate growth of 10% over the forecast period. Further, MEA accounted for approximately 35% market share of the global market...