Market Overview:
The global spring testing systems 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 automobiles and aerospace products, and rising awareness about quality control measures. The global spring testing systems market is segmented by type, application, and region. By type, the market is divided into extension spring testing system, compression spring testing system, and torsion spring testing system. The automotive industry accounted for the largest share of the globalspringtesting systemsmarket in 2017 owing tothe growing demand for automobiles across the globe.
Product Definition:
Spring Testing Systems are a type of software testing that uses the Spring Framework. They are used to test Java applications, and can be used for unit testing, functional testing, and integration testing.
Extension Spring Testing System:
Extension spring testing system is used to measure the force that a given extension spring can exert when it is compressed. It provides an accurate and instant measurement of extension force, which makes it very useful in quality control procedures for manufacturing processes. The testing system consists of two metal plates connected by a wire cable, which functions as a measuring device and also provides visual indication of the measured value on its digital display.
Compression Spring Testing System:
The compression spring testing system is used to measure the force and pressure that are applied on the springs. This testing system helps in determining whether a spring has enough strength to withstand specified forces without breaking down. The compression test systems consists of two parts, which include an air compressor and an indicator gauge.
Application Insights:
Automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to stringent regulations imposed by regulatory bodies, such as U.S., China, and European countries on automotive manufacturers regarding quality control standards for vehicles¢â‚¬â„¢ suspension components.
The medical equipment industry also holds considerable market share owing to high usage of spring testing systems in various types of medical devices including orthopedic implants, surgical instruments & equipment, diagnostic imaging equipment (X-ray), and pharmaceutical machinery & devices (MRI). In addition, increasing R&D activities pertaining to new product development are expected to boost industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing product demand in countries, such as China and India. In addition, rising investments by governments for manufacturing high-quality products are anticipated to drive the market further. For instance, Indian government has planned to develop 100 smart cities by 2020 with an investment of USD X trillion.
Europe accounted for more than 25% of revenue share in 2016 owing its large presence of automobile manufacturers across Germany, UK and France among other Eastern and Central European countries that use spring testing systems extensively for vehicle safety purposes.
Growth Factors:
- Increasing demand for quality products and services
- Growing number of product launches and updates by software companies
- Proliferation of digital technologies and big data
- Emergence of new testing methodologies and tools
- Increased focus on software testing by organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Spring Testing Systems Market Research Report
By Type
Extension Spring Testing System, Compression Spring Testing System, Torsion Spring Testing System
By Application
Automobile Industry, Aerospace, Medical Equipment, Mechanical Manufacture, Other
By Companies
ZwickRoell, UTEST, STARRETT, Larson Systems, Kistler, Mecmesin, United Testing Systems, ADMET, IABG, KBPrüftechnik, ZwickRoell, Instron
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Spring Testing Systems Market Report Segments:
The global Spring Testing Systems market is segmented on the basis of:
Types
Extension Spring Testing System, Compression Spring Testing System, Torsion Spring Testing System
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
Automobile Industry, Aerospace, Medical Equipment, Mechanical Manufacture, Other
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:
- ZwickRoell
- UTEST
- STARRETT
- Larson Systems
- Kistler
- Mecmesin
- United Testing Systems
- ADMET
- IABG
- KBPrüftechnik
- ZwickRoell
- Instron
Highlights of The Spring Testing Systems 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:
- Extension Spring Testing System
- Compression Spring Testing System
- Torsion Spring Testing System
- By Application:
- Automobile Industry
- Aerospace
- Medical Equipment
- Mechanical Manufacture
- Other
- 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 Spring Testing Systems 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Spring Testing Systems is a testing methodology that uses the principles of natural selection to optimize test suites.
Some of the major companies in the spring testing systems market are ZwickRoell, UTEST, STARRETT, Larson Systems, Kistler, Mecmesin, United Testing Systems, ADMET, IABG, KBPrƒÂ¼ftechnik, ZwickRoell, Instron.
The spring testing systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spring Testing Systems 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 Spring Testing Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Spring Testing Systems 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 Spring Testing Systems 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 Spring Testing Systems Market Size & Forecast, 2018-2028 4.5.1 Spring Testing Systems Market Size and Y-o-Y Growth 4.5.2 Spring Testing Systems Market Absolute $ Opportunity
Chapter 5 Global Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Type
5.2.1 Extension Spring Testing System
5.2.2 Compression Spring Testing System
5.2.3 Torsion Spring Testing System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Aerospace
6.2.3 Medical Equipment
6.2.4 Mechanical Manufacture
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spring Testing Systems 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 Spring Testing Systems 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 Spring Testing Systems Analysis and Forecast
9.1 Introduction
9.2 North America Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Type
9.6.1 Extension Spring Testing System
9.6.2 Compression Spring Testing System
9.6.3 Torsion Spring Testing System
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 Spring Testing Systems Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Aerospace
9.10.3 Medical Equipment
9.10.4 Mechanical Manufacture
9.10.5 Other
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 Spring Testing Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Type
10.6.1 Extension Spring Testing System
10.6.2 Compression Spring Testing System
10.6.3 Torsion Spring Testing System
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 Spring Testing Systems Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Aerospace
10.10.3 Medical Equipment
10.10.4 Mechanical Manufacture
10.10.5 Other
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 Spring Testing Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Type
11.6.1 Extension Spring Testing System
11.6.2 Compression Spring Testing System
11.6.3 Torsion Spring Testing System
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 Spring Testing Systems Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Aerospace
11.10.3 Medical Equipment
11.10.4 Mechanical Manufacture
11.10.5 Other
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 Spring Testing Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Spring Testing Systems 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 Spring Testing Systems Market Size Forecast by Type
12.6.1 Extension Spring Testing System
12.6.2 Compression Spring Testing System
12.6.3 Torsion Spring Testing System
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 Spring Testing Systems Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Aerospace
12.10.3 Medical Equipment
12.10.4 Mechanical Manufacture
12.10.5 Other
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) Spring Testing Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spring Testing Systems 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) Spring Testing Systems Market Size Forecast by Type
13.6.1 Extension Spring Testing System
13.6.2 Compression Spring Testing System
13.6.3 Torsion Spring Testing System
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) Spring Testing Systems Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Aerospace
13.10.3 Medical Equipment
13.10.4 Mechanical Manufacture
13.10.5 Other
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 Spring Testing Systems Market: Competitive Dashboard
14.2 Global Spring Testing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZwickRoell
14.3.2 UTEST
14.3.3 STARRETT
14.3.4 Larson Systems
14.3.5 Kistler
14.3.6 Mecmesin
14.3.7 United Testing Systems
14.3.8 ADMET
14.3.9 IABG
14.3.10 KBPrüftechnik
14.3.11 ZwickRoell
14.3.12 Instron