Pavement Tester Market Report: Trends, Forecast and Competitive Analysis to 2030

Pavement Tester Trends and Forecast

The future of the global pavement tester market looks promising with opportunities in the road/highway construction industry, educational institute, and research & development center markets. The global pavement tester market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising demand for better-quality roads and highways in worldwide, expansion of smart cities, and growing preference for pavement testers with integrated software solutions and data analytics tools.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Pavement Tester by Segment

The study includes a forecast for the global pavement tester by product type, testing type, end use, and region.

Pavement Tester Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Instruments
• Kits & Accessories

Pavement Tester Market by Testing Type [Shipment Analysis by Value from 2018 to 2030]:

• Asphalt Content Testing
• Soil Density Testing
• Continuous Friction Testing
• Falling Weight Testing
• Others

Pavement Tester Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Road/Highway Construction Industries
• Educational Institutes
• Research & Development Centers
• Others

Pavement Tester Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pavement Tester Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pavement tester companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pavement tester companies profiled in this report include-

• Controls Group
• Stanley
• Gilson
• Humboldt
• Cooper Technology
• Pave Testing
• GDS Instruments
• Geo-Con Products
• Test Mark Industries
• Forney

Pavement Tester Market Insights

Lucintel forecasts that continuous friction testing is expected to witness the highest growth over the forecast period.

Within this market, road/highway construction industry is expected to witness the highest growth over the forecast period.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Pavement Tester Market

Market Size Estimates: Pavement tester market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pavement tester market size by product type, testing type, end use, and region in terms of value ($B).

Regional Analysis: Pavement tester market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, testing types, end uses, and regions for the pavement tester market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pavement tester market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the pavement tester market size?

Answer: The global pavement tester market is expected to reach an estimated $2.4 billion by 2030.

Q2. What is the growth forecast for pavement tester market?

Answer: The global pavement tester market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the pavement tester market?

Answer: The major drivers for this market are rising demand for better-quality roads and highways in worldwide, expansion of smart cities, and growing preference for pavement testers with integrated software solutions and data analytics tools.

Q4. What are the major segments for pavement tester market?

Answer: The future of the pavement tester market looks promising with opportunities in the road/highway construction industry, educational institute, and research & development center markets.

Q5. Who are the key pavement tester market companies?

Answer: Some of the key pavement tester companies are as follows:

• Controls Group
• Stanley
• Gilson
• Humboldt
• Cooper Technology
• Pave Testing
• GDS Instruments
• Geo-Con Products
• Test Mark Industries
• Forney

Q6. Which pavement tester market segment will be the largest in future?

Answer: Lucintel forecasts that continuous friction testing is expected to witness the highest growth over the forecast period.

Q7. In pavement tester market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pavement tester market by product type (instruments and kits & accessories), testing type (asphalt content testing, soil density testing, continuous friction testing, falling weight testing, and others), end use (road/highway construction industries, educational institutes, research & development centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?