CT&M Equipment and Services Market Revenue, Size, Share & Opportunity Analysis Report By Equipment (Conveyors {Belt Conveyors, Roller Conveyors, and Others}, Transmission Equipment {Couplings, Gearboxes, and Other}, Material Handling Equipment), By Services (Maintenance and Repair, Installation and Commissioning, Consulting and Design, and Others), By End Use Industry (Manufacturing, Logistics, Food and Beverage, Mining, Agriculture, and Others), By Sales Channel (OEM and Aftermarket), By Region, And Segment Forecasts, 2025 – 2032
CT&M Equipment and Services Market Size & Trends
The Global CT&M Equipment and Services Market size was valued at USD xx million in 2024. The market is projected to grow from USD xx million in 2025 to USD xx million by 2032, exhibiting a CAGR of 9.01% during the forecast period.
Market Definition & Introduction
A wide range of equipment, instruments, and services used in the construction industry for project management, safety assurance, and quality control are included in the CT&M Equipment and Services Market. The integrity, longevity, and compliance of construction projects in a variety of industries, including infrastructure development, commercial, and residential, depend heavily on this industry. Environmental monitoring, dimension measurement, and material testing are all done with specialised equipment. This includes tools for surveying, analysing soil, evaluating the strength of concrete, and assessing structural integrity. Specialised businesses or divisions inside construction organisations offer professional services. Material testing, site inspections, environmental evaluations, and quality assurance consulting are some of these services.
In February 2024, for Wi-Fi, Keysight Technologies introduced the E7515W UXM Wireless Connectivity Test Platform. With its 4x4 MIMO 320 MHz bandwidth, this network emulation system offers Wi-Fi 7 devices with signalling radio frequency (RF) and throughput testing. (Source: https://www.keysight.com/in/en/about/newsroom/news-releases/2024/0213-pr24-012-keysight-launches-first-wireless-test-platform-for.html).
Market Drivers
Expanding Construction Industry in Developing Nations is Driving the Demand for CT&M Equipment and Services Market.
The rapid development of infrastructure and urbanisation mostly drives the CT&M equipment and services sector. More residences, workplaces, and commercial spaces must be constructed to accommodate the expanding urban population. CT&M equipment is essential to public infrastructure projects such as roads, bridges, metros, airports, and more. The need for CT&M services and equipment is increased by the yearly maintenance and repairs required for existing infrastructure. Modern technology is being quickly adopted by the construction sector, which is driving up demand for specialised tools and services. The requirement for quality control and monitoring is growing as a result of governments and regulatory bodies imposing greater criteria.
Market Trend
Infrastructure Development and Urbanisation to Boost the Demand in the Forecast Period.
The rapid development of infrastructure and urbanisation mostly drives the CT&M equipment and services sector. More residences, workplaces, and commercial spaces must be constructed to accommodate the expanding urban population. CT&M equipment is essential to public infrastructure projects such as roads, bridges, metros, airports, and more. Growing industries need new factories, warehouses, and other infrastructure. The requirement for quality control and monitoring is growing as a result of governments and regulatory bodies imposing greater criteria. There is a great need for testing and measurement tools to ensure the durability and safety of structures. The need for CT&M services and equipment is increased by the yearly maintenance and repairs required for existing infrastructure.
COVID Impact on CT&M Equipment and Services Market
The COVID-19 epidemic significantly impacted the global economy, and the equipment and services industry was no exception. The production and delivery of equipment were disrupted by lockdowns and restrictions that hindered the movement of goods and components. There was less demand for goods and services as a result of significant declines in sectors like retail, hospitality, and tourism. On the other hand, demand was growing in industries like e-commerce and healthcare. Equipment demand decreased as a result of weaker capital spending brought on by the general economic recession. The pandemic has accelerated the uptake of digital technology, creating opportunities for tools and services related to automation, e-commerce, and remote employment.
Competitive Landscape
A variety of companies are vying for market dominance in the CT&M Equipment and Services sector through strong marketing campaigns, strategic alliances, and new product development. Established electronics manufacturers, specialised CT&M Equipment and Services firms, and up-and-coming start-ups hoping to upend the market with creative solutions are some of the major participants in the market.
CT&M Equipment and Services Companies
Agilent Technologies
Anritsu
Calnex Solutions
Danaher Corporation
Exfo
Ixia
Jds Uniphase Corporation
Keysight Technologies
National Instruments Corporation
Octoscope
Rohde & Schwarz
Huawei Technologies Co., Ltd.
Spirent Communications
Yokogawa
Company Strategic Developments
In March 2024: ETS-Lindgren and Keysight collaborated to provide an over-the-air (OTA) test solution. Only devices that support narrowband non-terrestrial networks (NB-NTN) technology can use this solution. Satellite-based cellular communications deployment is made possible by this technology. Measurement and certification of the transmitter or receiver performance of NB-NTN compatible devices are provided by the solution.
In November 2023: According to Amkor Technology, Inc., it will set targets to reduce greenhouse gas emissions in line with the Science Based Targets initiative (SBTi).
Segment Analysis
CT&M Equipment and Services Market, by Equipment
The conveyors segment is expected to dominate the CT&M equipment and services market. This is mainly due to CT&M processes depending on conveyors, a subset of material handling equipment. Conveyors are used on construction sites to move bulk materials like cement, sand, and gravel, especially in large-scale projects. Despite not being directly involved in the movement of vehicles, conveyors are crucial to the logistics and storage that support the transportation industry.
However, the transmission equipment segment is expected to grow at the fastest CAGR during the forecast period. A broader category called "transmission equipment" encompasses a range of components required to transport electricity from power generation sites to distribution centres. CT&M equipment is a vital part of this ecosystem. CT&M transformers are used at various points in the transmission network to monitor system conditions, detect voltage and current levels, and protect equipment from failures.
CT&M Equipment and Services Market, by Services
The maintenance and repair segment is expected to dominate the CT&M equipment and services market. This is a massive sector that includes everything from bulldozers and excavators to trucks and mining equipment. Due to the heavy-duty nature and harsh operating conditions of this equipment, maintenance and repair services are important to the overall market.
However, the consulting and design segment is expected to grow at the fastest CAGR during the forecast period. The efficient functioning of cleanroom facilities and equipment in the CT&M industry depends on consulting and design services. Better product quality and increased manufacturing efficiency are two benefits of consulting services. Professional guidance is necessary to adhere to the stringent standards in industries like biotechnology and pharmaceuticals.
CT&M Equipment and Services Market, by End-User Industry
The manufacturing segment is expected to dominate the CT&M equipment and services market. This equipment and services sector encompasses a number of businesses, including manufacturing, electronics, healthcare, and food processing. To ensure the hygienic conditions, optimal operation, and functionality of resources, it involves the provision of equipment, staff, and knowledge. Ultrasonic cleaners, industrial cleaning equipment, hoover cleaners, parts washers and specialised cleaning materials. Equipment for analysis, leak detection, inspection, and calibration.
However, the mining segment is expected to grow at the fastest CAGR during the forecast period. As industrialisation and urbanisation progress, there is an increasing demand for minerals and metals, which calls for reliable and efficient CT&M equipment. In order to satisfy the growing demand, mining companies are growing their operations, necessitating the acquisition of new CT&M equipment. As the mining industry embraces more cutting-edge technology to boost output and efficiency, there is a rising need for complex CT&M equipment.
CT&M Equipment and Services Market, by Sales Channel
The OEM segment is expected to dominate the CT&M equipment and services market. Original Equipment Manufacturers, or OEMs, make up the majority of the CT&M equipment market. They design, manufacture, and sell cutting-edge tools and equipment. In this sector, major OEMs usually have strong R&D departments that enable them to introduce innovative products that satisfy shifting consumer needs.
However, the aftermarket segment is expected to grow at the fastest CAGR during the forecast period. The market as a whole benefits from the substantial share of CT&M equipment and service aftermarket. It covers the sale of consumables, replacement parts, and services related to CT&M machinery maintenance and repair. The requirement for aftermarket items is increased since CT&M equipment must be maintained and parts must be replaced frequently due to its operation in harsh conditions.
Regional Analysis
According to InfoNest Market Analytics, the North American CT&M equipment and services market held a share of 36.46% in 2024. A strong manufacturing base fuels the region's need for cleaning, testing, and maintenance solutions. The utilisation of CT&M services has expanded as a result of North American firms' stringent quality and safety rules. The region is a hub for technological advancements in CT&M equipment and services. Numerous industrial criteria are satisfied by a network of reputable CT&M service providers that spans the whole industry.
The Asia Pacific CT&M equipment and services market is expected to register the fastest CAGR of 9.35% during the forecast period of 2025-2032. Countries like China, India, and South Korea are making large investments in telecommunications infrastructure, which is driving the region's need for testing and measuring solutions. The increasing usage of smartphones, IoT devices, and cloud services is driving up data traffic, which calls for the deployment of improved network testing capabilities. Government-supported policies and initiatives are fostering an environment that is advantageous to the CT&M sector.
Segmentation
Equipment Outlook (Revenue, USD Million, 2019-2032)
Services Outlook (Revenue, USD Million, 2019-2032)
End Use Industry Outlook(Revenue, USD Million, 2019-2032)
Sales Channel Outlook(Revenue, USD Million, 2019-2032)
The Report Covers
