Global Soil Penetrometer Market 2023-2030

Global Soil Penetrometer Market 2023-2030

Global Soil Penetrometer Market Size, Share & Trends Analysis Report by Type (Portable and Normal), and by Application (Agriculture, Scientific Research, Construction Industry and Others) Forecast Period (2023-2030)

The global soil penetrometer market is anticipated to grow at a CAGR of 12.8% during the forecast period. Soil Penetrometer is a diagnostic tool used to measure the extent and depth of subsurface compaction. It is also referred as a soil compaction tester. This tool can help producers determine if subsoiling might be beneficial and at what depth the subsoiler should be set. The tool is increasingly being used in evaluating cohesive soils that are utilized in the construction, to identify the moisture content and relative density of the soil. Thus, continuously rising construction activities around the globe is the key factor supporting the demand and utilization of the soil penetrometer market.

Segmental Outlook

The global soil penetrometer market is segmented based on the type, and application. Based on the type, the market is sub-segmented into portable and normal. Further, based on application, the market is sub-segmented into agriculture, scientific research, construction industry and others (industrial use). Among the type, portable sub-segment is anticipated to grow in during the forecast period, owing to the reduced human error in classification of cohesive soils.

Scientific Research Sub-Segment is Anticipated to Hold a Prominent Share in the Global Soil Penetrometer Market

Among the application, scientific research sub-segment is anticipated to hold a considerable share of the market, owing to the growing use of soil penetration in research institutes to ascertain the bearing capacity of sands, cohesive soils, and clay and growing use in determining the condition of subgrade soils under highways, airfields, and building foundations.

Regional Outlook

The global soil penetrometer market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to grow over the forecast period, owing to the rising spending on research and development, rapid urbanization and increasing spending on construction.

North America is Expected to Hold a Prominent Share in the Global Soil Penetrometer Market

Among all regions, North America is expected to hold a prominent share of the global Soil Penetrometer market. One of the primary drivers for North America soil penetrometer market is the rapidly increasing construction industry, rising advanced methods in agriculture. Governments and private organizations alike are looking for ways to enhance the agriculture production and managing climate change impact. As a result, there is a growing demand for advanced soil testing equipment that detects the condition of soils. Resultantly, several governments are continuously investing funds on programs to cater to increased impacts of climate change on the lands and agriculture production. For instance, in April 2021, the US Department of Agriculture’s National Institute of Food and Agriculture (NIFA) invested $21.7 million in several key programs to help agricultural producers manage the impacts of climate change on the lands and production. NIFA allotted $6.3 million for 14 Soil Health grants and $5.4 million for seven Signals in the Soil grants through its Agriculture and Food Research Initiative (AFRI). NIFA also invested $10 million a new AFRI programs which was Extension, Education, and USDA Climate Hub Partnerships to train the next generation of agriculturalists and foresters to incorporate climate change research into the management practices.

Market Players Outlook

The major companies serving the global soil penetrometer market include Gilson Co., W.W. Grainger, Inc., Agreto electronics GmbH, ALFA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global soil penetrometer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.