Market Overview:
The global Test Gauges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for test gauges in laboratories, industrial applications, and other end-user industries. Panel mount test gauges are expected to hold the largest share of the global Test Gauges market by type during the forecast period. This can be attributed to their high accuracy and precision as well as their ability to withstand harsh environmental conditions.
Product Definition:
A test gauge is a device used to measure the size of an object or the distance between two points. They are often used in manufacturing and engineering to check the accuracy of machinery or to ensure that parts are within specification.
Panel Mount Test Gauges:
By definition, panel mount test gauges are electronic devices that are mounted on the instrument panel of an automobile or a machine and used for measuring various characteristics of electrical systems. They can be easily connected to the circuit under test by means of appropriate cables and can provide accurate results in less time. The product is widely used in automotive testing as it facilitates easy access to circuits while working on them.
Stem Mount Test Gauges:
Stem mount test gauges are used in automotive testing to measure the force that is applied on the steering wheel while turning right or left. It helps in monitoring tire inflation pressure, brake fluid level, and engine oil consumption. These test gauges are available with a standard 1/16th inch NPT connection which can be attached to an air compressor for inflating tires as well as checking their pressures.
Application Insights:
The industrial application segment led the global test gauges market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in manufacturing activities across various industries such as automotive, electronics, aerospace and defense, etc. Furthermore, increasing product demand from major end-use industries is expected to boost industry growth over the coming years.
Laboratories are estimated to be one of the fastest-growing segments owing to an increase in R&D activities across various sectors such as healthcare and pharmaceuticals among others which require high accuracy for testing purposes along with technological advancements that enhance product performance.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing R&D activities in this region. In addition, rising number of pharmaceutical and biotechnology companies in countries such as China, India, Singapore and Japan are anticipated to fuel the demand for global test gauges market during the forecast period.
The U.S., being a developed economy with well-established healthcare infrastructure is expected to dominate North America's global test gauge industry followed by Germany and France respectively owing to high adoption rate of advanced technologies across these economies coupled with growing medical tourism industry in these nations will boost their demand further driving regional growth over next eight years.
In 2016, Europe accounted for approximately 25% of revenue share on account of presence of major automobile manufacturers such as Volkswagen AG; BMW Group; Fiat Chrysler Automobiles N.V.; Ferrari SPA; Renault SNCF Nyrstar SAUNA HOLDING SPC.
Growth Factors:
- Increasing demand for quality control and assurance in manufacturing industries
- Growing popularity of automated testing systems
- Rising awareness about the benefits of using test gauges for quality control purposes
- Proliferation of small and medium-sized businesses that need affordable test gauges to meet their quality control needs
- Technological advancements that make test gauges more accurate and efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Test Gauges Market Research Report
By Type
Panel Mount Test Gauges, Stem Mount Test Gauges
By Application
Laboratories, Industrial Application, Others
By Companies
OMEGA Engineering, Wika Instrumentation, Ashcroft, Instruments and Gauges Electronics, D Instruments, NOSHOK, OMEGA Engineering
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Test Gauges Market Report Segments:
The global Test Gauges market is segmented on the basis of:
Types
Panel Mount Test Gauges, Stem Mount Test Gauges
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
Laboratories, Industrial Application, 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:
- OMEGA Engineering
- Wika Instrumentation
- Ashcroft
- Instruments and Gauges Electronics
- D Instruments
- NOSHOK
- OMEGA Engineering
Highlights of The Test Gauges 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:
- Panel Mount Test Gauges
- Stem Mount Test Gauges
- By Application:
- Laboratories
- Industrial Application
- 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 Test Gauges 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
- Identifying Appropriate Advertising Appeals
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?
Test gauges are used to measure the performance of a system or component. They can be used in a variety of applications, including software development, network management, and manufacturing.
Some of the major players in the test gauges market are OMEGA Engineering, Wika Instrumentation, Ashcroft, Instruments and Gauges Electronics, D Instruments, NOSHOK, OMEGA Engineering.
The test gauges 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 Test Gauges 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 Test Gauges Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Test Gauges 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 Test Gauges 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 Test Gauges Market Size & Forecast, 2020-2028
4.5.1 Test Gauges Market Size and Y-o-Y Growth
4.5.2 Test Gauges 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 Panel Mount Test Gauges
5.2.2 Stem Mount Test Gauges
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 Laboratories
6.2.2 Industrial Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Test Gauges 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 Test Gauges 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 Panel Mount Test Gauges
9.6.2 Stem Mount Test Gauges
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 Laboratories
9.10.2 Industrial Application
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 Panel Mount Test Gauges
10.6.2 Stem Mount Test Gauges
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 Laboratories
10.10.2 Industrial Application
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 Panel Mount Test Gauges
11.6.2 Stem Mount Test Gauges
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 Laboratories
11.10.2 Industrial Application
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 Panel Mount Test Gauges
12.6.2 Stem Mount Test Gauges
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 Laboratories
12.10.2 Industrial Application
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 Panel Mount Test Gauges
13.6.2 Stem Mount Test Gauges
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 Laboratories
13.10.2 Industrial Application
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 Test Gauges Market: Competitive Dashboard
14.2 Global Test Gauges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OMEGA Engineering
14.3.2 Wika Instrumentation
14.3.3 Ashcroft
14.3.4 Instruments and Gauges Electronics
14.3.5 D Instruments
14.3.6 NOSHOK
14.3.7 OMEGA Engineering
