The global Soil Testing Equipment Market is expected to reach around USD 3.3 billion in the year 2020 and is expected to account to a value of USD 6.2 billion by 2025, with 10.8% CAGR from 2020. Some of the key driver factoring to this growth in this market are need for better farm management methods, industrialization, agricultural intensification, and the need for quicker and more accurate test results.

The rapid implementation of precision farming maximizes crop yield and profitability and tests the fertility of the soil, leachability, and nutrient movement, helping to improve soil formulation and quality. This has also allowed farmers or growers to segregate fields into zones, developing a site-specific strategy to optimize yields and minimize input costs. Thus, these variables have contributed to the development of the global market for soil testing equipment.

Demand for soil testing equipment decreased in 2020 due to the government's lockdown and low demand from the construction and agricultural industries. The COVID-19 pandemic has shut down the production of different soil test equipment items, mainly due to prolonged lock-downs in major global countries. This has greatly slowed the development of the demand for soil testing equipment over the last few months, as is expected to continue throughout 2020. In the first quarter of 2020, COVID-19 has already impacted equipment and machinery sales and is expected to have a negative effect on business development during the year.

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Huge manufacturing countries such as the U.S., Germany, Italy, the United Kingdom, and China, which are badly affected by the spread of coronavirus, have previously seen substantial demand for equipment and machinery, thereby stopping demand for equipment and machinery.

Currently, the future effect of the lockdown is vague and the financial recovery of firms is completely dependent on their cash reserves. Only for a few months would equipment and machinery companies afford a complete lockdown, during which the players will have to change their investment plans. Manufacturers of equipment and machinery must concentrate on protecting their staff, facilities, and supply chains to respond to urgent emergencies and find new ways to operate after cases of COVID-19 infection begin to decrease.

Soil Testing Equipment is used to find critical knowledge by identifying the soil and rock characteristics needed by various vertical industries, such as the construction industry, the agricultural sector, and others. The system helps to assess fertility levels, identify potential hazardous substances, identify nutrient deficiencies and identify trace minerals. Geotechnical and civil engineers use soil testing equipment to provide information that helps to make decisions on the selection of base structures, pavement materials, and design specifications for bridges, buildings, highways, dams, and other infrastructure.

The manufacturing companies broadly use new product developments & acquisitions as one of their main strategies for the soil testing equipment market.

Key players in the global Soil Testing Equipment market include:

• Agilent Technologies (US)
• Thermo Fisher Scientific Inc. (US)
• Merck Group (Germany), PerkinElmer Inc. (US)
• Controls S.p.A (Italy)
• LaMotte Company (US)
• Geotechnical Testing Equipment UK Ltd (UK)
• Sun Labtek Equipments (I) Pvt. Ltd (India)
• Martin Lishman Ltd (UK)
• S.W. Cole (UK)
• Ele International (UK)
• Gilson Company Inc. (US)
• Humboldt Mfg. Co. (US)
• EIE Instruments Pvt. Ltd (India)
• Eurofins Scientific (Luxemburg)
• Alfa Testing Equipment (US)
• Matest (Italy)
• M&L Testing Equipments (Canada)
• Shambhavi Impex (India)

Source: VynZ Research