"Increasing adoption in the construction and the mining is driving the growth of specific gravity bench apparatus market"
Globally, the specific gravity bench apparatus market is expected to grow with a CAGR of 2.1% during the forecast period from 2019 to 2027. At present, the specific gravity bench apparatus market showing lucrative growth throughout the forecast period. The specific gravity bench apparatus is designed to determine the specific gravity of a test liquid comprising refractory bricks, concrete, and other materials. These apparatus uses a filling drop method to describe the gravity of the liquid. The growing adoption for the specific gravity bench apparatus in the construction and the mining are driving the growth of specific gravity bench apparatus market worldwide.
The demand for the pretesting of aggregates with the specific gravity bench apparatus coupled with the growing construction industry. Additionally, the technological advancements in the construction and mining industries are augmenting the growth of specific gravity bench apparatus in these sectors. Furthermore, the growing investments in the research and development activities and growing adoption of specific gravity bench apparatus in the laboratories are projected to create numerous growth opportunities in the market over the forecast years.
Market Synopsis
"Specific Gravity Bench Apparatus with Food and Beverage Industry in Its Application Segment Continue Dominating the Market"
In 2018, the overall specific gravity bench apparatus market was dominated by the construction segment contributing to over 43% of the total market revenue. The specific gravity bench apparatus is vastly being used across the several end-users including construction and manufacturing industry, mines, research and development laboratories, education institutes and others. The vast infrastructural developments in emerging countries drive the growth of specific gravity bench apparatus in the construction industry.
Furthermore, based on the sales channels the market is further bifurcated into Resellers, OEMs and the Online channels. Among these sales channels, OEMs holds a considerable market share in the specific gravity bench apparatus market. The online channels are rapidly growing as the companies are taking initiative to promote the specific bench apparatus products through their online channels.
"North America Dominates the Market by Region"
The specific gravity bench apparatus market is led by North America followed by Europe. It is anticipated to dominate the market with a CAGR of around 3% through the forecast period. The primary factors that ensure the growth of specific gravity bench apparatus in North America include the presence of major players and the high infrastructural developments. Additionally, increasing demand for the specific gravity bench apparatus in the mining and the educational institute is contributing to the growth of specific gravity bench apparatus market. However, Asia Pacific is the fastest-growing region in the specific gravity bench apparatus market owing to the high research and development activities and growing construction industries.
Some of the prominent players operating in the specific gravity bench apparatus market comprise Houghton Manufacturing Company, Controls S.p.A., Test Mark Industries, Durham Geo-Enterprises, Cooper Research Technology, M & L Testing Equipment Inc., FilWEB, Myers Associates, Inc., Forney LP, Sun Labtek Equipments Manufacturing Pvt Ltd., and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The specific gravity bench apparatus market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global specific gravity bench apparatus market based on components, end-users, and sales channels. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Components Segment (2017–2027; US$ Bn)
• Gravity Frame
• Buoyancy Balance
• Gravity Tank
• Circulator
• Thermometer
• others
|
|
End-User Segment (2017–2027; US$ Bn)
• Construction & Manufacturing Industry
• Mining
• Research & Development Laboratories
• Education Institutes
• Others
|
|
Sales Channels Segment (2017–2027; US$ Bn)
• Resellers
• OEMs
• Online channels
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of specific gravity bench apparatus in 2018 and forecast up to 2027?
- Which is the largest regional market for automotive industry applications?
- What are the major trends followed in specific gravity bench apparatus market across different regions?
- Who are the key specific gravity bench apparatus companies leading the market?
- What are the key strategies adopted by the leading specific gravity bench apparatus companies in market?
Unique data points of this report
- Statistics on specific gravity bench apparatus penetration worldwide
- Recent trends across different regions in terms of adoption of specific gravity bench apparatus for various end users
- Notable developments going on in specific gravity bench apparatus market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
