Market Overview:
The global elasticity tester market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elasticity testers in various applications such as industrial, laboratory, and others. Additionally, the growing awareness about the benefits of using elasticity testers is also contributing to the growth of this market. The digital type segment is expected to grow at a higher CAGR than the analog type segment during the forecast period. This can be attributed to technological advancements and rising demand for digital-based products across different applications. In terms of region, North America is expected to hold a major share of the global elasticity tester market duringthe forecast period followed by Europe.
Product Definition:
Elasticity Tester is a device used to measure the elasticity of materials. It is also used to measure the Young's Modulus of Materials.
Digital:
Digital technology is used in the elasticity tester market for various applications such as smart & intelligent test systems, advanced functional testing, and performance analysis. The digital technology helps to reduce the time consumption and manual efforts during the process of measurement or testing. It also helps to maintain consistency during tests by eliminating human errors that may occur due to fatigue or other external factors.
Analog:
Analog is a continuously varying quantity and can be represented by a continuous range of values. It has no exact counterpart in digital systems. In other words, analog signals are those that vary continuously with respect to both time and frequency.
In the testing industry, there are two types of Analog Signals: Continuous Wave (C-Wave) and Pseudorandom Noise (PRN).
Application Insights:
The others segment that includes healthcare, automotive and aerospace applications accounted for the largest market share in 2017. The growing importance of these applications is attributed to the fact that they provide a realistic simulation of real-life conditions. In addition, laboratory elasticity testers are used to check if products meet safety specifications and other requirements before being sold to consumers or used by them in daily activities.
Elasticity testers are also used extensively in industrial settings as they offer an economical solution for testing a wide range of materials such as plastics, rubber, composites and metals under dynamic loading conditions thereby avoiding human efforts and costs associated with trial-and-error methodologies while simulating real world situations. Furthermore, digital solutions help reduce time taken for set up procedures along with providing ease while handling large volumes of data during tests which further boosts their demand across industrial application segments globally.
Regional Analysis:
Europe dominated the market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for high-precision measurement devices from various end-use industries, such as aerospace and defense, automotive, chemical and petrochemical. In addition, growing R&D activities related to product innovation are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast years due with rising industrialization coupled with expanding manufacturing base of electronic products and automobiles in countries such as China and India. Moreover, government initiatives encouraging research & development activities are also driving regional demand for elasticity testers during the same period. For instance ‘Make in India’ initiative taken by Indian government aims at creating 100 million jobs by 2025; one of them will be a scientist or engineer job which can propel industry growth through R&D investments (Indian Ministry Of Science And Technology 2015).
Growth Factors:
- Increasing demand for quality control and assurance in manufacturing industries
- Rapid growth of the automotive industry
- Growing popularity of online shopping
- Rising demand from end-use industries such as construction, oil and gas, and mining
- Technological advancements that have led to the development of new and innovative elasticity testers
Scope Of The Report
Report Attributes
Report Details
Report Title
Elasticity Tester Market Research Report
By Type
Digital, Analog
By Application
Industrial, Laboratory, Others
By Companies
Mark-10 Corporation, L. S. Starrett Company, AMETEK Sensors, Test & Calibration, Physical Properties Testing Ltd (Mecmesin), Qualitest, Bareiss, Gotech Testing Machines Inc, Ektron Tek, Anytester, Goodtechwill, Aveno Technology Co., Limited, UCAN
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Elasticity Tester Market Report Segments:
The global Elasticity Tester market is segmented on the basis of:
Types
Digital, Analog
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
Industrial, Laboratory, 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:
- Mark-10 Corporation
- L. S. Starrett Company
- AMETEK Sensors, Test & Calibration
- Physical Properties Testing Ltd (Mecmesin)
- Qualitest
- Bareiss
- Gotech Testing Machines Inc
- Ektron Tek
- Anytester
- Goodtechwill
- Aveno Technology Co., Limited
- UCAN
Highlights of The Elasticity 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:
- Digital
- Analog
- By Application:
- Industrial
- Laboratory
- 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 Elasticity 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?
Elasticity tester is a tool used to measure the elasticity of a material. Elasticity is the degree to which an object or material returns to its original shape after being stretched or compressed.
Some of the major players in the elasticity tester market are Mark-10 Corporation, L. S. Starrett Company, AMETEK Sensors, Test & Calibration, Physical Properties Testing Ltd (Mecmesin), Qualitest, Bareiss, Gotech Testing Machines Inc, Ektron Tek, Anytester, Goodtechwill, Aveno Technology Co., Limited, UCAN.
The elasticity tester market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elasticity Tester Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elasticity Tester Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elasticity Tester Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elasticity Tester Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elasticity Tester Market Size & Forecast, 2020-2028
4.5.1 Elasticity Tester Market Size and Y-o-Y Growth
4.5.2 Elasticity Tester Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital
5.2.2 Analog
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Laboratory
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elasticity Tester Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elasticity Tester Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital
9.6.2 Analog
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Laboratory
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital
10.6.2 Analog
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Laboratory
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital
11.6.2 Analog
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Laboratory
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital
12.6.2 Analog
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Laboratory
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital
13.6.2 Analog
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Laboratory
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elasticity Tester Market: Competitive Dashboard
14.2 Global Elasticity Tester Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mark-10 Corporation
14.3.2 L. S. Starrett Company
14.3.3 AMETEK Sensors, Test & Calibration
14.3.4 Physical Properties Testing Ltd (Mecmesin)
14.3.5 Qualitest
14.3.6 Bareiss
14.3.7 Gotech Testing Machines Inc
14.3.8 Ektron Tek
14.3.9 Anytester
14.3.10 Goodtechwill
14.3.11 Aveno Technology Co., Limited
14.3.12 UCAN
