Lucintel Estimates $2,314 Million Market for Global Inspection and Testing Equipment by 2018
Online, July 2, 2014 (Newswire.com) - The global inspection and testing equipment market in civil engineering is poised for robust growth in the next five years. The testing market is gradually becoming more influential with each passing day as safety and quality control are becoming the basic needs of the civil engineering industry. In APAC region, China and India are the two burgeoning markets for civil engineering inspection and testing equipment. According to market forecasts, the global inspection and testing equipment market in civil engineering is expected to reach $2,314 million by 2018.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in "Growth Opportunities in Global Inspection and Testing Equipment Market in Civil Engineering 2013-2018: Trends, Forecast, and Opportunity Analysis." This study provides a concise overview of the global inspection and testing equipment market in civil engineering, in terms of value and projected annual growth.
Lucintel discusses the various challenges and opportunities faced by the global inspection and testing equipment market in civil engineering. Inspection and testing equipment are categorized according to the type of construction materials used; however, the infrastructure growth in this market is stagnant and is affecting, in turn, the growth rate of the testing market. In spite of this challenge, inspection equipment provides prediction of performance and service life of a component or material. It also provides with an assessment for its safe operation.
Lucintel's study encompasses the major drivers. Inspection equipment can predict the performance or service of a material or component. Also, government rules for complying with safety norms are driving the global inspection and testing equipment market in civil engineering. This report highlights the different aspects of inspection and testing equipment market in the world. Due diligence has been given to the current global market scenario.
The global inspection and equipment market in civil engineering is expected to have significant growth in near future. The top players need to formulate effective marketing strategies to take advantage of the opportunities to realize improved revenue and profitability. Lucintel offerings include Construction Market Report, M & A, Due Diligence, Target Screening and SWOT Analysis.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com