Material Testing Market - Global Forecast to 2024

Post

The Material Testing market, in terms of value, is projected to grow at a CAGR of XX% from 2019 to 2024. The market is estimated to be USD XX Billion in 2018, and is projected to reach XX Billion by 2024. In this study, 2018 has been considered the base year, and 2019 to 2024 the forecast period, for estimating the market size of the global market.

Date : 2019-02-13

Price Single User:
USD. 1250



Price Multiple User:
USD. 2100




OBJECTIVES OF THE STUDY

  • To define, describe, and forecast the Material Testing market in different segmentations
  • To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
  • To provide detailed information regarding the major factors influencing the growth of the Material Testing market (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide a detailed overview of the value chain in the Material Testing market and analyze the market trends with Porter’s five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Material Testing market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Material Testing market

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

    4.1 Material Testing Market Overview

    4.2 Material Testing Market, By Material

    4.3 Material Testing Market, By Type

    4.4 Material Testing Market, By End-Use Industry

    4.5 Material Testing Market, By Region

 

5 Market Overview
   5.1 Introduction

   5.2 Market Segmentation

   5.3 Market Dynamics

       5.3.1 Drivers

       5.3.2 Restraint

       5.3.3 Opportunity

       5.3.4 Challenges

 

6 Industry Trends

    6.1 Porter’s Five Forces Analysis

           6.1.1 Threat of New Entrants

           6.1.2 Threats of Substitutes

           6.1.3 Bargaining Power of Suppliers

           6.1.4 Bargaining Power of Buyers

           6.1.5 Intensity of Competitive Rivalry

    6.2 Value Chain Ananlysis

 

7 Material Testing Market, By Type

    7.1 Introduction

    7.2 Universal Testing Machines

    7.3 Servohydraulic Testing Machines

    7.4 Hardness Testing Equipment

    7.5 Impact Testing Equipment

 

8 Material Testing Market, By  End-Use Industry
    8.1 Introduction

    8.2 Automotive

    8.3 Construction

    8.4 Educational Institutions

    8.5 Aerospace & Defense

    8.6 Medical Devices

    8.7 Power

    8.8 Others

 

9 Material Testing Market, By Material

    9.1 Introduction

    9.2 Metal

    9.3 Plastics

    9.4 Rubber and Elastomer

    9.5 Ceramics and Composites

    9.6 Others

10 Material Testing Market, By Region

     10.1 Introduction

     10.2 Europe

     10.3 Asia-Pacific

     10.4 RoW

11 Competitive Landscape

12 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Instron

     12.2 Zwick Roell

     12.3 MTS Systems

     12.4 Shimadzu

     12.5 Tinius Olsen

     12.6 Ametek

     12.7 ADMET

     12.8 Hegewald & Peschke

     12.9 Applied Test Systems

     12.10 Mitutoyo

*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

     12.11 Other Key Players

             12.11.1 TA Instruments

             12.11.2 Torontech

             12.11.3 Qualitest International

             12.11.4 ETS Intarlaken

             12.11.5 Struers

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

 

 

Among types, the universal testing machines segment led the material testing market in 2018

Universal testing machines is the largest segment of the material testing market, owing to its cheap availability and its wide usage in various industries. Moreover, it is used to test mechanical properties in various materials, such as metal, rubber, polymers, and ceramics. It is also used to perform tests such as tensile, compression, peel, bend, and puncture test in industries, such as automotive, educational, medical devices, construction, aerospace & defense, and power.

Among end-use industries, the educational institutions segment is expected to lead the material testing market during the forecast period

Educational institutions is the largest segment of the material testing market, owing to the increasing R&D activities carried out by the research scholars. Research is carried out by educational institutions either individually or in collaboration with the industries for better product developments.

The material testing market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

Asia Pacific is the largest and the fastest-growing market for material testing. It is also a major market for construction, educational institution, and automotive globally. Countries in Asia Pacific are expanding their production capacities and investing in new projects due to increasing industrialization. Growing economies, increasing population, and standard of living are driving the automotive, construction, and aerospace & defense industries in the region. This, in turn, is fueling the growth of the material testing market in Asia Pacific.

Key players in the material testing market

Key players operating in the material testing market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the material testing market.