Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022

  • ID: 4456570
  • Report
  • Region: Global
  • 125 Pages
  • Markets and Markets
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The Material Testing Market is Estimated at USD 633.6 Million in 2017 And is Projected to Reach USD 785.7 Million By 2022, at a CAGR of 4.4% from 2017 to 2022.

FEATURED COMPANIES

  • ADMET
  • Applied Test Systems
  • Hegewald & Peschke
  • Mitutoyo
  • Qualitest International
  • Struers
  • MORE

“The material testing market is projected to grow at a CAGR of 4.4% during the forecast period”

The growing demand for high-quality materials from the manufacturing industry is driving the material testing market, while wastage of materials and resources during the test process restrain its demand in the small-scale industry.   

“Among end-use industries, the power segment is projected to grow at the highest CAGR during the forecast period”

Power is projected to be the fastest-growing segment of the material testing market. The growth of this segment is attributed to increasing investments in the wind energy sector by emerging economies. Material testing equipment is used in the power industry to conduct and analyze tensile, compressive, and shear tests to understand its mechanical property.

“Among materials, the market for ceramics and composites segment is projected to grow at the highest CAGR from 2017 to 2022”

Ceramics and composites is expected to be the fastest-growing material segment of the material testing market. It is majorly due to its high demand from aerospace & defense, automotive, and construction industries. There is high demand for ceramics and composites materials in these industries due to its advanced material properties.

“The material testing market in Asia Pacific is projected to grow at the highest CAGR during the forecast period”

The material testing market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for material testing equipment in various industries, such as aerospace & defense, automotive, construction, and educational institutions. Growing industrialization in countries, such as China and India also increases the demand for material testing equipment.

This study was validated through primaries conducted with various industry experts, worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.    

  • By Company Type - Tier 1-70%, Tier2 -20%, and Tier 3-10%
  • By Designation - C Level-5%, Director Level-20%, and Others-75%
  • By Region - North America-15%, Europe-30%, APAC-50%, and RoW-5%

Companies Profiled in the Report:

Key players profiled in the report include Instron (US), Zwick Roell  (Germany), MTS Systems (US), Shimadzu (Japan), Ametek ( US), and Tinius Olsen (US).

Research Coverage:

The report offers insights on material testing used for various applications in various end-use industries across regions. It aims at estimating the size of the material testing market during the forecast period and projects future growth potential of the market across different segments, such as type, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the material testing market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in the material testing market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the material testing market.

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FEATURED COMPANIES

  • ADMET
  • Applied Test Systems
  • Hegewald & Peschke
  • Mitutoyo
  • Qualitest International
  • Struers
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Material Testing Market
4.2 Material Testing Market, By End-Use Industry
4.3 APAC Material Testing Market, By Material and Country
4.4 Material Testing Market, By Region
4.5 Material Testing Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Importance of Manufacturing Quality Products
5.2.1.2 Economic Benefits Associated With Astm Standards
5.2.2 Restraints
5.2.2.1 Wastage of Resources in Destructive Testing
5.2.3 Opportunities
5.2.3.1 Growing Demand From Composite and Plastic Processing Industries
5.2.4 Challenges
5.2.4.1 Political and Economic Uncertainties
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Real GDP Growth Rate Forecast of Major Economies
5.4.2 Trends in Construction Industry
5.4.3 Trends in Automotive Industry
5.4.4 Trends in Defense Industry

6 Material Testing Market, By Type
6.1 Introduction
6.2 Universal Testing Machines
6.3 Servohydraulic Testing Machines
6.4 Hardness Testing Equipment
6.5 Impact Testing Equipment

7 Material Testing Market, By Material
7.1 Introduction
7.2 Metal
7.3 Plastics
7.4 Rubber and Elastomer
7.5 Ceramics and Composites
7.6 Others

8 Material Testing Market, By End-Use Industry
8.1 Introduction
8.2 Automotive
8.3 Construction
8.4 Educational Institutions
8.5 Aerospace & Defense
8.6 Medical Devices
8.7 Power
8.8 Others

9 Material Testing Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Indonesia
9.4.7 Rest of APAC
9.5 RoW
9.5.1 Brazil
9.5.2 Turkey
9.5.3 Iran
9.5.4 Rest of RoW

10 Competitive Landscape
10.1 Overview
10.2 Market Structure and Ranking of Key Players
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Mergers & Acquisitions
10.3.3 Investments & Expansions
10.3.4 Agreements & Partnerships

11 Company Profile
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Instron
11.2 Zwick Roell
11.3 MTS Systems
11.4 Shimadzu
11.5 Tinius Olsen
11.6 Ametek
11.7 ADMET
11.8 Hegewald & Peschke
11.9 Applied Test Systems
11.10 Mitutoyo
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11.11 Other Key Players
11.11.1 TA Instruments
11.11.2 Torontech
11.11.3 Qualitest International
11.11.4 ETS Intarlaken
11.11.5 Struers

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Trends and Forecast of Real GDP Growth Rates From 2016 to 2022
Table 2 Construction Industry Contribution to GDP (USD Million)
Table 3 Automotive Production Statistics 2016 (Number of Units)
Table 4 Defense Expenditure By Country (USD Million)
Table 5 Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 6 Universal Testing Machines Market Size, By Region, 2015–2022 (USD Million)
Table 7 Servohydraulic Testing Machines Market Size, By Region, 2015–2022 (USD Million)
Table 8 Hardness Testing Equipment Market Size, By Region, 2015–2022 (USD Million)
Table 9 Impact Testing Equipment Market Size, By Region, 2015–2022 (USD Million)
Table 10 Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 11 Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 12 Material Testing Market Size, By Region, 2015–2022 (USD Million)
Table 13 North America: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 14 North America: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 15 North America: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 16 North America: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 17 US: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 18 US: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 19 Canada: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 Canada: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 21 Mexico: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 22 Mexico: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 23 Europe: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 24 Europe: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Europe: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 26 Europe: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 27 Germany: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 28 Germany: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 29 France: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 30 France: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 31 UK: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 32 UK.: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 33 Italy: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 Italy: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 35 Spain: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Spain: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 37 Russia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 Russia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 39 Rest of Europe: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 Rest of Europe: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 41 APAC: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 42 APAC: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 43 APAC: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 44 APAC: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 China: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 China: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 47 India: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 India: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 49 Japan: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 50 Japan: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 51 South Korea: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 52 South Korea: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 53 Australia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 54 Australia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 55 Indonesia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 56 Indonesia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 57 Rest of APAC: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 58 Rest of APAC: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 59 Middle East & Africa: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 60 Middle East & Africa: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Middle East & Africa: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 62 Middle East & Africa: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 63 Brazil: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 64 Brazil : Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 65 Turkey: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 66 Turkey: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 67 Iran: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Iran: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 69 Rest of RoW: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 70 Rest of RoW: Material Testing Market Size, By Material, 2015–2022 (USD Million)

List of Figures
Figure 1 Material Testing Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Material Testing Market: Data Triangulation
Figure 5 Universal Testing Machine to Dominate Material Testing Market Between 2017 and 2022
Figure 6 Educational Institutions to Dominate Material Testing Market Between 2017 and 2022
Figure 7 Metals to Dominate Material Testing Market Between 2017 and 2022
Figure 8 APAC Accounted for the Largest Share in Material Testing Market in 2016
Figure 9 Growing Importance for Manufacturing Quality Products to Provide Growth Opportunities for Market Players
Figure 10 Power to Be the Fastest-Growing End-Use Industry in Material Testing Market - 2017–2022
Figure 11 China Was the Largest Contributor to the APAC Material Testing Market in 2016
Figure 12 China to Be the Fastest Growing Market During the Forecast Period
Figure 13 Universal Testing Machine to Be the Fastest Growing Type During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Material Testing
Figure 15 Porter’s Five Forces Analysis
Figure 16 Universal Testing Machines to Be the Largest and Fastest Growing Type During the Forecast Period
Figure 17 Ceramics and Composites to Be the Fastest Growing Segment for the Material Testing Market During the Forecast Period
Figure 18 Power to Be the Fastet Growing End User Industry for Material Testing Market
Figure 19 China to Register Fastest Growth in Material Testing Market
Figure 20 Need to Meet Material Standards Driving the Material Testing Market in North America
Figure 21 Growing Research Activities in Educational Institutions to Drive the APAC Material Testing Market
Figure 22 Companies Adopted New Product Launches as the Key Growth Strategy
Figure 23 Market Structure and Ranking of Key Players
Figure 24 MTS Systems: Company Snapshot
Figure 25 Shimadzu: Company Snapshot
Figure 26 Amtek: Company Snapshot

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FEATURED COMPANIES

  • ADMET
  • Applied Test Systems
  • Hegewald & Peschke
  • Mitutoyo
  • Qualitest International
  • Struers
  • MORE

The material testing market is estimated at USD 633.6 Million in 2017 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

Based on type, the material testing market has been segmented into universal testing machines, servohydraulic testing machines, hardness test equipment, and impact test equipment. Universal testing machines is the largest type due to its ability to perform tensile, compression, and bend tests for various materials. The cheap availability of universal testing machine and its wide usage in various industries are the major reasons for the high growth rate of universal testing machines in the market.

Based on end-use industry, the material testing market has been segmented into automotive, construction, educational institutions, aerospace & defense, medical devices, power, and others. Educational Institutions is the largest end-use industry, owing to the research activities carried out by research scholars to develop high-quality materials at a cost-effective price. Moreover, project funding from government and private organization to develop and analyze material quality for better suitability of specific applications increases the usage of material testing in educational institutions.

Based on material, the material testing market has been classified into metal, plastics, rubber and elastomer, ceramics and composites, and others. Ceramics and composites is expected to be the fastest-growing material segment of the material testing market. It is majorly due to its high demand from aerospace & defense, automotive, and construction industries. There is high demand for ceramics and composites materials in these industries due to its advanced material properties.

Based on region, the material testing market has been segmented into Asia Pacific, North America, Europe, and RoW. The material testing market in Asia Pacific is the largest and fastest-growing market, owing to the growing industrialization and increasing educational research activities in this region.

The key restraining factor in the material testing market is the wastage of material resources and amount spent on it. Companies such as Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), Tinius Olsen (US), Ametek (US), and others are engaged in new product launches, mergers & acquisitions, and investments & expansions to enhance their foothold in the market.

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  • ADMET
  • Ametek
  • Applied Test Systems
  • ETS Intarlaken
  • Hegewald & Peschke
  • Instron
  • Mitutoyo
  • MTS Systems
  • Qualitest International
  • Shimadzu
  • Struers
  • TA Instruments
  • Tinius Olsen
  • Torontech
  • Zwick Roell
Note: Product cover images may vary from those shown
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