Pavement Tester Market: Drivers and Challenges
The continuous innovation in the testing equipment coupled with the increasing demand for advanced equipment for improving productivity and efficiency is the key factor driving the growth of pavement tester market. Furthermore, the growing construction industry and rising focus of government of various developed and developing economies towards the betterment of infrastructure are the factors which are creating potential growth opportunities for pavement tester market. Moreover, with the increasing research and development expenditure by public & private organizations and by the government of various emerging economies is also driving the growth of pavement tester market.
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Apart from this, the boom in smart city projects and smart infrastructure development is creating the need for advanced pavement testers, and thus, fuelling the growth of pavement testers market. Also, the increasing demand for pavement tester for runway testing to estimate the service life is also one of the major factors driving the growth of the pavement tester market.
The lack of skilled personnel is the primary challenge for the growth of pavement tester market. Moreover, less adoption of advanced pavement testers in various undeveloped economies is also one of major factors which hampers the growth of pavement tester market.
Pavement Tester Market: Competition Landscape
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Prominent players in the global pavement tester market are Controls Group, Stanley, Gilson Company, Inc., Humboldt Mfg. Co., Cooper Technology, PaveTesting Limited, GDS Instruments, Geo-Con Products Pty Ltd., Test Mark Industries, Forney LP, and M & L Testing Equipment, Inc.
Pavement Tester Market: Regional Overview
On the basis of geography, Asia Pacific is expected to capture the substantial market share in terms of revenue in the pavement tester market, due to the increasing demand for advanced testing technologies and growing construction industry in the region. Asia Pacific is also expected to witness high growth rates during the forecast period owing to the rapid urbanization and rising demand for advanced pavement testers. Moreover, North America and Europe are also expected to capture large share in terms of revenue in global pavement tester market due to the presence of various leading pavement tester manufacturers in the regions. The Pavement Tester markets in MEA and Latin America witness moderate growth, due to the increasing number of research institutes and significant investments in the research and development sector of various countries in these regions.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on: Pavement Tester Market Segments Pavement Tester Market Dynamics Pavement Tester Market Size Supply & Demand Current Trends/Issues/Challenges in Pavement Tester Market Competition & Companies Involved in Pavement Tester Market Technology Pavement Tester Market Value Chain Pavement Tester Market Drivers and Restraints
Regional analysis includes: North America (U.S., Canada) Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM) Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe) CIS & Russia Japan Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ) Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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