India Soil Testing Equipment Market Forecast 2016-2026 : Projected Growth and Opportunities | TechSci Research

By | April 14, 2023
India Soil Testing Equipment Market Forecast 2016-2026 : Projected Growth and Opportunities | TechSci Research

Growing requirement for efficient farm management programs is expected to drive the growth of the Indian soil testing equipment market. According to TechSci Research report, “India Soil Testing Equipment Market By End Use Industry (Agriculture, Construction, Others), By Type of Tests (Physical Test, Chemical Test, Residual Tests), By Degree of Automation (Manual, Automatic, Semi-Automatic), By Site (Laboratory Vs On-Site), By Region, Competition, Forecast & Opportunities, FY2026”, Indian soil testing equipment market is expected to witness impressive growth during the forecast period.

The Important Factors of the India Soil Testing Equipment Market

The rise in the number of construction activities in the country is one of the major factors accounting for the growth of India’s soil testing equipment market. Moreover, the need for faster & reliable test results is expected to bode well for the growth of India’s soil testing equipment market through the forecast period. In addition to this, the rising urban population also triggers the development of smart cities, which is projected to positively influence the growth of Indian soil testing equipment market in the years to come. Also, the growing popularity of automatic soil testing equipment is making headway in the growth of the Indian soil testing equipment market over the coming years.

Along with this, market players are increasingly investing in developing new products and expanding product lines, thereby anticipated to positively contribute to the market growth during the next five years. However, there are some factors that might act as major impediments to the growth of India’s soil testing equipment market through FY2026 including the high initial cost of soil testing equipment and the inability to obtain soil characteristics quickly.

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India’s soil testing equipment market can be segmented based on end-use industry, type of tests, degree of automation, site, company, and region. Based on the type of tests, the market can be categorized into physical tests, chemical tests, and residual tests. Out of these, the residual tests segment dominated the market until FY 2019 and is expected to maintain its dominance during the forecast period as well.

This can be attributed to increasing awareness among consumers regarding the presence of chemical residues, such as pesticides and fertilizers in fresh fruits & vegetables. Moreover, the physical test segment is anticipated to register high growth during the next 5 years. Physical tests include testing the soil for shear strength, leachability, plasticity, and porosity. Rapid urbanization is further anticipated to drive the growth of physical tests.

The Major Competitors of the India Soil Testing Equipment Market

  1. Agilent Technologies India Pvt. Ltd.
  2. Thermo Fisher Scientific India Private Limited
  3. Merck India
  4. PerkinElmer India Pvt Ltd.
  5. Controls India Pvt Ltd.
  6. Geo Build Engineering India Pvt Ltd
  7. Geotech Services Pvt Ltd
  8. Cengrs Geotechnica Pvt. Ltd.
  9. Gilson India Pvt Ltd.
  10. Sun Labtek Equipment India Pvt. Ltd, among others, is the leading player operating in the Indian soil testing equipment market. The leading players are adopting several growth strategies to enhance the market scenario of soil testing equipment. Other competitive strategies include new product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.

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“Indian soil testing equipment market to expected to grow at a high pace during the next five years on account of rising governmental efforts to promote precision farming research and funded several projects. Furthermore, the presence of key market players in the region is further anticipated to boost the market growth for soil testing equipment over the coming years. In addition to this, substantial growth in organic farming is further estimated to aid the market growth in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Indian Soil Testing Equipment Market By End Use Industry (Agriculture, Construction, Others), By Type of Tests (Physical Test, Chemical Test, Residual Tests), By Degree of Automation (Manual, Automatic, Semi-Automatic), By Site (Laboratory Vs On-Site), By Region, Competition, Forecast & Opportunities, FY2026” has evaluated the future growth potential of Indian soil testing equipment market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indian soil testing equipment market.

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