Market Overview:
The global material testing machines 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 advanced and automated material testing equipment from various end-use industries, such as automotive, construction, aerospace & defense, medical devices, and power. In addition, the growing adoption of these machines by educational institutions for research and development purposes is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market.
Product Definition:
Material testing machines are devices used to test the mechanical and physical properties of materials. They can be used to determine the strength, flexibility, elasticity, and other characteristics of a material. This information can be used to decide whether or not a material is suitable for a particular purpose.
Universal Testing Machines:
UTM is a testing machine used for tesing of powders and granules. It provides test results in less time with high accuracy. It can be used for different types of materials such as metals, ceramics, polymers & co-polymers, alloys and stones among others.
The UTM has the ability to perform tests on different types of samples which are placed on the table or mounted on slides by using appropriate holders provided along with it.
Servohydraulic Testing Machines:
The servohydraulic testing machines are used to test the strength and pressure of fluids. These testing machines are widely used in the oil & gas industry for hydrocarbon Servo-hydraulic Test Equipment (SHTE) which is a system that measures the stroke, position, and force of hydraulic motors.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for vehicles across various regions, coupled with a rise in manufacturing activities within developing countries such as China, India, and Brazil. In addition, technological advancements play an important role in enhancing product performance. For instance, March 2016 saw the introduction of UBT¢â‚¬â„¢s UT-200 that offers 200 kN (62 kilonewton) capacity at a speed of 2 m/s (6 ft/sec).
The educational institutions segment is expected to register significant growth over the forecast period owing to rising R&D investments by governments across various countries including Japan and South Korea for developing advanced materials that are stronger than ever before.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in material testing activities, owing to increasing demand for consumer electronics, automobiles, and other industrial applications. This can be attributed to rising R&D expenditure by various companies as well as government agencies for developing new products with enhanced performance characteristics.
The Asia Pacific is also home to several emerging economies such as China and India that are experiencing strong economic growth on account of significant manufacturing activity taking place within these countries. Furthermore, governments of these countries have undertaken initiatives aimed at boosting domestic production capabilities through investments in research & development activities coupled with favorable regulatory policies regarding product approvals/licensing procedures.-all factors that are anticipated to contribute toward regional market growth during the forecast period.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing popularity of additive manufacturing or 3D printing technology
- Rising investments in research and development by material testing machine manufacturers to develop new products
- Emergence of nanotechnology and advanced composites that require sophisticated testing equipment
- Proliferation of internet of things (IoT) across various industrial sectors, which is expected to create new opportunities for material testing machines market
Scope Of The Report
Report Attributes
Report Details
Report Title
Material Tesing Machines Market Research Report
By Type
Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Equipment, Impact Testing Equipment
By Application
Automotive, Construction, Educational Institutions, Aerospace & Defense, Medical Devices, Power, Others
By Companies
Instron, Zwick Roell, MTS Systems, Shimadzu, Tinius Olsen, Ametek, ADMET, Hegewald & Peschke, Applied Test Systems, Mitutoyo, TA Instruments, Torontech, Qualitest International, ETS Intarlaken, Struers
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Material Tesing Machines Market Report Segments:
The global Material Tesing Machines market is segmented on the basis of:
Types
Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Equipment, Impact Testing Equipment
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
Automotive, Construction, Educational Institutions, Aerospace & Defense, Medical Devices, Power, 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:
- Instron
- Zwick Roell
- MTS Systems
- Shimadzu
- Tinius Olsen
- Ametek
- ADMET
- Hegewald & Peschke
- Applied Test Systems
- Mitutoyo
- TA Instruments
- Torontech
- Qualitest International
- ETS Intarlaken
- Struers
Highlights of The Material Tesing Machines 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:
- Universal Testing Machines
- Servohydraulic Testing Machines
- Hardness Testing Equipment
- Impact Testing Equipment
- By Application:
- Automotive
- Construction
- Educational Institutions
- Aerospace & Defense
- Medical Devices
- Power
- 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 Material Tesing Machines 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?
Material testing machines are used to test the strength, elasticity, and other physical properties of materials. They can be used to measure the tensile strength of materials, the compressive strength of materials, and other physical properties.
Some of the key players operating in the material tesing machines market are Instron, Zwick Roell, MTS Systems, Shimadzu, Tinius Olsen, Ametek, ADMET, Hegewald & Peschke, Applied Test Systems, Mitutoyo, TA Instruments, Torontech, Qualitest International, ETS Intarlaken, Struers.
The material tesing machines market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Material Tesing Machines 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. Material Tesing Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Material Tesing Machines Market - Supply Chain
4.5. Global Material Tesing Machines Market Forecast
4.5.1. Material Tesing Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Material Tesing Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Material Tesing Machines Market Absolute $ Opportunity
5. Global Material Tesing Machines 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. Material Tesing Machines Market Size and Volume Forecast by Type
5.3.1. Universal Testing Machines
5.3.2. Servohydraulic Testing Machines
5.3.3. Hardness Testing Equipment
5.3.4. Impact Testing Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Material Tesing Machines 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. Material Tesing Machines Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Construction
6.3.3. Educational Institutions
6.3.4. Aerospace & Defense
6.3.5. Medical Devices
6.3.6. Power
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Material Tesing Machines 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. Material Tesing Machines 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 Material Tesing Machines 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. Material Tesing Machines 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 Material Tesing Machines Demand Share Forecast, 2019-2026
9. North America Material Tesing Machines 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 Material Tesing Machines 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 Material Tesing Machines Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Construction
9.4.3. Educational Institutions
9.4.4. Aerospace & Defense
9.4.5. Medical Devices
9.4.6. Power
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Material Tesing Machines Market Size and Volume Forecast by Type
9.7.1. Universal Testing Machines
9.7.2. Servohydraulic Testing Machines
9.7.3. Hardness Testing Equipment
9.7.4. Impact Testing Equipment
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 Material Tesing Machines Demand Share Forecast, 2019-2026
10. Latin America Material Tesing Machines 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 Material Tesing Machines 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 Material Tesing Machines Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Construction
10.4.3. Educational Institutions
10.4.4. Aerospace & Defense
10.4.5. Medical Devices
10.4.6. Power
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Material Tesing Machines Market Size and Volume Forecast by Type
10.7.1. Universal Testing Machines
10.7.2. Servohydraulic Testing Machines
10.7.3. Hardness Testing Equipment
10.7.4. Impact Testing Equipment
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 Material Tesing Machines Demand Share Forecast, 2019-2026
11. Europe Material Tesing Machines 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 Material Tesing Machines 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 Material Tesing Machines Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Construction
11.4.3. Educational Institutions
11.4.4. Aerospace & Defense
11.4.5. Medical Devices
11.4.6. Power
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Material Tesing Machines Market Size and Volume Forecast by Type
11.7.1. Univeral Testing Machines
11.7.2. Servohydraulic Testing Machines
11.7.3. Hardness Testing Equipment
11.7.4. Impact Testing Equipment
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 Material Tesing Machines Demand Share, 2019-2026
12. Asia Pacific Material Tesing Machines 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 Material Tesing Machines 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 Material Tesing Machines Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Construction
12.4.3. Educational Institutions
12.4.4. Aerospace & Defense
12.4.5. Medical Devices
12.4.6. Power
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Material Tesing Machines Market Size and Volume Forecast by Type
12.7.1. Universal Testing Machines
12.7.2. Servohydraulic Testing Machines
12.7.3. Hardness Testing Equipment
12.7.4. Impact Testing Equipment
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 Material Tesing Machines Demand Share, 2019-2026
13. Middle East & Africa Material Tesing Machines 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 Material Tesing Machines 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 Material Tesing Machines Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Construction
13.4.3. Educational Institutions
13.4.4. Aerospace & Defense
13.4.5. Medical Devices
13.4.6. Power
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Material Tesing Machines Market Size and Volume Forecast by Type
13.7.1. Universal Testing Machines
13.7.2. Servohydraulic Testing Machines
13.7.3. Hardness Testing Equipment
13.7.4. Impact Testing Equipment
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 Material Tesing Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Material Tesing Machines Market: Market Share Analysis
14.2. Material Tesing Machines Distributors and Customers
14.3. Material Tesing Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Instron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Zwick Roell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MTS Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shimadzu
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tinius Olsen
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ametek
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ADMET
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hegewald & Peschke
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Applied Test Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitutoyo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TA Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Torontech
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Qualitest International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ETS Intarlaken
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Struers
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
