Specific Gravity Bench Apparatus Market By Components (Gravity Frame, Buoyancy Balance, Gravity Tank, Circulator, thermometer and others), By End Users (Construction and Manufacturing Industry, Mines, Research and Development Laboratories, Education Institutes and Others), By Sales Channels (Resellers, OEMs and Online channels) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Increasing adoption in the construction and mining industries is driving the growth of the specific gravity bench apparatus market.

Globally, the specific gravity bench apparatus market is expected to grow at a CAGR of 2.1% during the forecast period from 2019 to 2027. At present, the specific gravity bench apparatus market is 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 apparatuses use the filling-drop method to describe the gravity of the liquid. The growing adoption of specific gravity bench apparatus in the construction and mining industries is driving the growth of the specific gravity bench apparatus market worldwide.

The growing construction industry is driving up demand for aggregate pre-testing using the specific gravity bench apparatus. Furthermore, technological advancements in the construction and mining industries are fueling the expansion of specific gravity bench apparatuses in these industries.

Furthermore, the growing investments in research and development activities and the growing adoption of specific gravity bench apparatuses in laboratories are projected to create numerous growth opportunities in the market over the forecast years.

Market Synopsis

Specific Gravity Bench Apparatus with the Food and Beverage Industry in Its Application Segment Continues Dominating the Market

In 2018, the overall market for specific gravity bench apparatus was dominated by the construction segment, which contributed over 43 percent of the total market revenue. The specific gravity bench apparatus is widely used across several end-user industries, including the construction and manufacturing industries, mines, research and development laboratories, education institutes, and others.

The rapid development of infrastructure in emerging countries drives the expansion of specific gravity bench apparatuses in the construction industry.

Furthermore, based on the sales channels, the market is further bifurcated into resellers, OEMs, and online channels. Among these sales channels, OEMs hold a considerable market share in the specific gravity bench apparatus market.

The online channels are rapidly growing as companies are taking the initiative to promote 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 presence of major players and the high level of infrastructural development are the primary factors ensuring the growth of specific gravity bench apparatus in North America. Furthermore, the rising demand for specific gravity bench apparatuses in mining and educational institutions is propelling the market forward.

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 Equipment Manufacturing Pvt. Ltd., and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is 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 the global specific gravity bench apparatus market based on components, end-users, and sales channels. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the size of the specific gravity bench apparatus market in 2018, and what is the forecast for 2027?
• Which is the largest regional market for automotive industry applications?
• What are the major trends followed in the 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 the market?

Unique data points of this report

• Statistics on specific gravity bench apparatus penetration worldwide
• Recent trends in the adoption of specific gravity bench apparatus for various end users across various regions
• Notable developments are going on in the specific gravity bench apparatus market.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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