Material Testing Market Outlook 2027 By Size, Share, Trends, Technology, Growth
According to TechSci Research, Global Material Testing Market is expected to grow at CAGR of over 4% owing to growing demand from automotive, aerospace & Defense and construction industries, increasing necessity to meet manufacturing standards and increasing educational research activities globally. Based on type, the material testing market is segmented into universal testing machines, servo hydraulic testing machines, hardness test equipment and impact test equipment. In 2021, the Universal testing machines has the largest market share due to its wide usage in various industries, ability to perform for various materials and easy & cheap availability. Based on region, the material testing market has been segmented into Asia Pacific, North America, Europe & CIS, South America and Middle East & Africa. Asia Pacific is the largest and fastest-growing market for material testing owing to the increasing educational research activities and growing industrialization.
Some of the leading players in the global Material Testing market are MTS Systems, Zwick Roell, Instron, ADMET, Ametek, Applied Test Systems, Mitutoyo, Tinius Olsen, Shimadzu, Hegewald & Peschke etc.
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- To analyse and forecast the market size of Material Testing, in terms of value.
- To classify and forecast global Material Testing based on type, material, End-use industry and regional distribution.
- To identify drivers and challenges for Global Material Testing.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Material Testing.
- To conduct the pricing analysis for Material Testing.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Material Testing.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of global Material Testing using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Manufacturers of Heat Transfer Fluids
- Chemical Suppliers
- Raw Material Suppliers
- Distributors & Suppliers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type · Material · End User Industry |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, Australia; Singapore; Malaysia, Germany, France, United Kingdom, Poland, Austria, Romania, Netherlands, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia; |
Key companies profiled | MTS Systems, Zwick Roell, Instron, ADMET, Ametek, Applied Test Systems, Mitutoyo, Tinius Olsen, Shimadzu, Hegewald & Peschke. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Material Testing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Universal Testing Machines
- Servo hydraulic Testing Machines
- Hardness Testing Equipment
- Impact Testing Equipment
- Market, By Material:
- Metal
- Plastics
- Rubber & Elastomer
- Ceramics & Composites
- Others
- Market, By End-Use Industry:
- Construction
- Aerospace & Défense
- Automotive
- Power
- Educational Institutions
- Others
- Market, by Region:
- Asia Pacific
- India
- Japan
- Australia
- China
- Europe & CIS
- United Kingdom
- Italy
- France
- Germany
- Poland
- Austria
- Romania
- Netherlands
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Material Testing.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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