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New Construction Material Testing Equipment Market Research Highlights Recovery Path for Businesses from COVID-19 on NDT, UTM, SHTM Products | Technavio

The new construction material testing equipment market research from Technavio indicates Neutral & Inferior growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Global Construction Material Testing Equipment Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Construction Material Testing Equipment Market 2020-2024 (Graphic: Business Wire)

"One of the primary growth drivers for this market is the promising growth of the infrastructure,” says a senior analyst for the Industrials sector at Technavio. As the markets recover Technavio expects the construction material testing equipment market size to grow by USD 266.92 million during the period 2020-2024.

Get detailed highlights on the COVID-19 pandemic Crisis and Recovery analysis of the construction material testing equipment market. Download free report sample

Construction Material Testing Equipment Segment Highlights for 2020

  • The construction material testing equipment market is expected to post a year-over-year growth rate of -5.25%.
  • The market growth will accelerate at a CAGR of almost 3%

Regional Analysis

  • 53% of the growth will originate from the APAC region.
  • China and Japan are the key markets for construction material testing equipment in APAC.

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Notes:

  • The construction material testing equipment market size is expected to accelerate at a CAGR of almost 3% during the forecast period.
  • The construction material testing equipment market is segmented by product (NDT, UTM, SHTM, HTM, and ITM) and geography (APAC, Europe, MEA, North America, and South America).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Aimil Ltd., Controls Spa, ELE International, Humboldt Mfg. Co., Illinois Tool Works Inc., James Instruments Inc., Matest Spa, MTS System Corp., Qualitest International Inc., and ZwickRoell GmbH & Co. KG.

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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