Material testing machines are crucial contributors owing to their cost-effectiveness and extensive usage in
industries such as construction,
educational institution, and
automotive globally. Increasing population, growing economies, and upgrading standard of
living are propelling the growth of the material testing market. The analyst of IndustryARC has valued
the global material testing market at $700 million as of 2018, while projecting the opportunities to grow at a compound annual growth rate (CAGR)
of 4% during the forecast period of 2019 to 2025.
The IndustryARC research report is titled “Material Testing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025)”. The report documents that the smart city concept and surge in the infrastructural development will contribute to the market growth in the developing countries.
Global Material Testing Market: Demand Analysis and Growth Forecast
Universal machine testing is also known as material testing machine or material testing equipment. They are used to test the tensile strength and compression nature of the materials. However, it is used since they can perform many tests pertaining to tensile strength and compression, and now it is a well-established technique. It can enable the selection of the right material for the right application and provide an effective solution to industries such as automotive, manufacturing, construction, aerospace, and defense.
APAC holds the dominant position in the globe in the material testing market in terms of regional demand. The increasing demand by the consumers, investment by potential investors and companies, and the stringent regulations by the government have created a huge market for the material testing market in APAC. APAC had dominated the global market with regional share of 25% in 2018 as per the findings by the IndustryARC’s analysts. This is attributed to the industrialization and expansion of manufacturing plants as well as ongoing construction of buildings.
Material Testing Market: Market Trends and Growth Drivers
· Material testing is the real-time display of material measurement data meters such as position and load. These are easily controllable and are used for specific test configurations from one or more power meters.
· Material testing market is driven due to more simplified operations that only display whatever the operator wants to see. It is also used to strengthen plastic components. These techniques enhance faster measurement setups.
· The advanced material testing machine which is propelling the material testing market is helping in the post-test analysis that allows different or new calculations and data plots.
· The most commonly used technique in the material testing market is the usage of the camera in material testing machines. The camera body is designed to exploit heat-pipe technology that provides thermally stable and low-noise image. It also permits high-speed transfer of image data from a camera with security.
· The technological advancement has reached greater heights, and it has created growth prospects in the material testing market. Now, automation testing is considered as the most flexible approach due to the Internet of Things (IoT).
Global Material Testing Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global material testing market are Instron, Zwick Roell, MTS Systems, Shimadzu, TA Instruments, Torontech, Qualitest International, ETS Intarlaken, Struers, Humboldmfg, and EIE Instruments.
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The material testing market is prepared with the main agenda to cover the following 20 points:
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.