Market Overview:
The Global Compression Tester Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for compression testers in various industries such as aerospace, construction, automotive, packaging and others. Additionally, the rising awareness about safety and quality standards across different geographies is also propelling the growth of this market. Based on type, the global compression tester market can be segmented into bend tester, spring tester and crush tester. The bend tester segment dominates the global compression tester market owing to its wide usage in various industries such as aerospace, construction and automotive industry. On the basis of application,the global compression testeremarket can be divided into five segments namely aerospace industry, construction industry Automotive Industry Packaging Industry Others . Among these segments , Aerospace Industry accounts for majority share in terms of revenue followed by Construction Industry .
Product Definition:
A Compression Tester is tool that is used to measure the amount of compression a engine experiences. The importance of Compression Tester is that it can help identify problems with an engine and help diagnose potential issues.
Bend Tester:
Bend tester is a device used to measure the flexibility of materials such as metals, alloys, and plastics. It works on the principle that when a material is bent or compressed it generates heat due to which it gets recorded in temperature difference between two points. The higher the temperature difference between two points greater is the more flexible or resilient is that material.
The global bend tester market was valued at USD 0.00 in 2014.
Spring Tester:
The spring tester is a device used to test the force or pressure that can be applied by a spring. It's basically an extension of your hand, which allows you to apply force on one end and see how much resistance the other end offers. The greater the resistance, the stronger is compression tested object such as rubber band, coiled springs or wire.
It’s used in compression testers for testing whether all components are present.
Application Insights:
The automotive industry accounted for the largest revenue share of over 30% in 2017. The rising need to improve fuel efficiency, reduce vehicle weight, and increase passenger safety is expected to drive the demand for compression testers in automobiles. Compression testing is used to check if a tire needs replacement or not on a vehicle. It also helps determine if an automobile part needs replacing or not (such as engine). In addition, it can be used to ensure that airbags are installed correctly and safely into vehicles.
The aerospace industry accounted for significant market share in terms of application scope and is projected to grow at a CAGR of XX% from 2018-2030 owing compressional forces acting on aircraft components during take-off & landing which tests various components including tires, hydraulic systems & brake systems among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in R&D and high adoption of advanced technologies across various industries. Moreover, presence of major players with wide product portfolio and increased focus on product innovation is also contributing toward growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization coupled with government initiatives for development of infrastructure sector, which would lead to an increase in construction activities across countries such as China, India, Japan etc.
Growth Factors:
- Increasing demand for compressed air in various industries for various applications
- Growing automotive industry and increasing demand for compressed air in the manufacturing of vehicles
- Rising demand from the food and beverage industry as a result of stringent hygiene norms
- Increasing infrastructure development activities that would require use of compressed air
- Proliferation of rental compressor services
Scope Of The Report
Report Attributes
Report Details
Report Title
Compression Tester Market Research Report
By Type
Bend Tester, Spring Tester, Crush Tester
By Application
Aerospace Industry, Construction Industry, Automotive Industry, Packaging Industry, Others
By Companies
Aimil, EIE Instruments, Lloyd Instruments, Shanghai Hualong Test Instruments, ZwickRoell, Shimadzu, Cooper Technology, AJT Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Compression Tester Market Report Segments:
The global Compression Tester market is segmented on the basis of:
Types
Bend Tester, Spring Tester, Crush Tester
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace Industry, Construction Industry, Automotive Industry, Packaging Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aimil
- EIE Instruments
- Lloyd Instruments
- Shanghai Hualong Test Instruments
- ZwickRoell
- Shimadzu
- Cooper Technology
- AJT Equipment
Highlights of The Compression Tester Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bend Tester
- Spring Tester
- Crush Tester
- By Application:
- Aerospace Industry
- Construction Industry
- Automotive Industry
- Packaging Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compression Tester Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A compression tester is a device used to measure the amount of compression in an air or gas system.
Some of the major players in the compression tester market are Aimil, EIE Instruments, Lloyd Instruments, Shanghai Hualong Test Instruments, ZwickRoell, Shimadzu, Cooper Technology, AJT Equipment.
The compression tester market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Compression Tester Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Compression Tester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Compression Tester Market - Supply Chain
4.5. Global Compression Tester Market Forecast
4.5.1. Compression Tester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Compression Tester Market Size (000 Units) and Y-o-Y Growth
4.5.3. Compression Tester Market Absolute $ Opportunity
5. Global Compression Tester Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Compression Tester Market Size and Volume Forecast by Type
5.3.1. Bend Tester
5.3.2. Spring Tester
5.3.3. Crush Tester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Compression Tester Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Compression Tester Market Size and Volume Forecast by Application
6.3.1. Aerospace Industry
6.3.2. Construction Industry
6.3.3. Automotive Industry
6.3.4. Packaging Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Compression Tester Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Compression Tester Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Compression Tester Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Compression Tester Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Compression Tester Demand Share Forecast, 2019-2026
9. North America Compression Tester Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Compression Tester Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Compression Tester Market Size and Volume Forecast by Application
9.4.1. Aerospace Industry
9.4.2. Construction Industry
9.4.3. Automotive Industry
9.4.4. Packaging Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Compression Tester Market Size and Volume Forecast by Type
9.7.1. Bend Tester
9.7.2. Spring Tester
9.7.3. Crush Tester
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Compression Tester Demand Share Forecast, 2019-2026
10. Latin America Compression Tester Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Compression Tester Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Compression Tester Market Size and Volume Forecast by Application
10.4.1. Aerospace Industry
10.4.2. Construction Industry
10.4.3. Automotive Industry
10.4.4. Packaging Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Compression Tester Market Size and Volume Forecast by Type
10.7.1. Bend Tester
10.7.2. Spring Tester
10.7.3. Crush Tester
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Compression Tester Demand Share Forecast, 2019-2026
11. Europe Compression Tester Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Compression Tester Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Compression Tester Market Size and Volume Forecast by Application
11.4.1. Aerospace Industry
11.4.2. Construction Industry
11.4.3. Automotive Industry
11.4.4. Packaging Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Compression Tester Market Size and Volume Forecast by Type
11.7.1. Bend Tester
11.7.2. Spring Tester
11.7.3. Crush Tester
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Compression Tester Demand Share, 2019-2026
12. Asia Pacific Compression Tester Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Compression Tester Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Compression Tester Market Size and Volume Forecast by Application
12.4.1. Aerospace Industry
12.4.2. Construction Industry
12.4.3. Automotive Industry
12.4.4. Packaging Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Compression Tester Market Size and Volume Forecast by Type
12.7.1. Bend Tester
12.7.2. Spring Tester
12.7.3. Crush Tester
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Compression Tester Demand Share, 2019-2026
13. Middle East & Africa Compression Tester Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Compression Tester Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Compression Tester Market Size and Volume Forecast by Application
13.4.1. Aerospace Industry
13.4.2. Construction Industry
13.4.3. Automotive Industry
13.4.4. Packaging Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Compression Tester Market Size and Volume Forecast by Type
13.7.1. Bend Tester
13.7.2. Spring Tester
13.7.3. Crush Tester
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Compression Tester Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Compression Tester Market: Market Share Analysis
14.2. Compression Tester Distributors and Customers
14.3. Compression Tester Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aimil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EIE Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lloyd Instruments
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shanghai Hualong Test Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZwickRoell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shimadzu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cooper Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AJT Equipment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook