Global Material Testing Market, By Type of Test (Destructive Testing, Non-Destructive Testing, Thermal Analysis, Microscopy Techniques), End-Use Industry (Automotive, Construction, Educational Institutions, Aerospace and Defence, Medical Devices, Power, Others), Material (Metal, Plastics, Rubber and Elastomer, Ceramics and Composites, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Material Testing Market
Material testing market will reach an estimated valuation of USD 1,057.47 million by 2028, while registering this growth at a rate of 4.70% for the forecast period of 2021 to 2028. Material testing market report analyses the growth, which is currently being growing due to the increasing demand of material testing from various end user industries.
Material testing is a well-established process used to measure the physical, structural, and mechanical properties of different types of components and materials. In the manufacturing and processing sectors, as well as in educational and research institutes around the world, content testing has been carried out. In a broad range of industries, innovative hybrid lightweight materials are increasingly being produced for applications. The selection of the correct material for the right application can be made possible by material testing. For industries such as automotive, aerospace and defence, construction, and manufacturing, it provides efficient solutions.
Increase in importance to meet manufacturing standards such as ASTM and ISO for different types of materials, rise in demand for material testing in research organizations and educational institutions, continuous development and innovation in the materials such as the trend of using advanced materials, rapid industrialization along with increasing growth of the construction sector, increasing product adoption by the medical sector to test material integrity are some of the major as well as vital factors which will likely to augment the growth of the material testing market in the projected timeframe of 2021-2028. On the other hand, growing demand from composite and plastic processing industries along with increasing number of research and development activities which will further contribute by generating massive opportunities that will lead to the growth of the material testing market in the above mentioned projected timeframe.
Wastage of resources in destructive testing along with political and economic uncertainties which will likely to act as market restraints factor for the growth of the material testing in the above mentioned projected timeframe. Volatility in the prices of oil which will become the biggest and foremost challenge for the growth of the market.
This material testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on material testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Material Testing Market Scope and Market Size
Material testing market is segmented on the basis of type of test, end-use industry and material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type of test, the material testing market is segmented into destructive testing, non-destructive testing, thermal analysis, and microscopy techniques. Thermal analysis has been further segmented into differential thermal analysis (DTA), differential scanning calorimetry (DSC), thermogravimetry (TG), and others. Microscopy techniques have been further segmented into structural properties of materials are optical microscopy, electron microscopy, and others. Destructive testing has been further segmented into universal testing machines, servo hydraulic testing machines, hardness testing machines, and impact testing machines. Non-destructive testing has been further segmented into flaw detectors, thickness gauges, hardness and strength testers, and other equipment.
- Based on end-use industry, the material testing market is segmented into automotive, construction, educational institutions, aerospace and defence, medical devices, power, and others.
- On the basis of material, the material testing market is segmented into metal, plastics, rubber and elastomer, ceramics and composites, and others.
Material Testing Market Country Level Analysis
Material testing market is analysed and market size, volume information is provided by country, type of test, end-use industry and material as referenced above.
The countries covered in the material testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the material testing market due to the rapid industrialization and expansion of construction and manufacturing industries in the region. North America region is expected to hold the largest growth rate due to the rise in demand for material testing in research organizations and educational institutions in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Material Testing Market Share Analysis
Material testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to material testing market.
The major players covered in the material testing market report are Illinois Tool Works Inc.; ZwickRoell LP; MTS Systems Corporation.; Shimadzu Corporation; Tinius Olsen USA; AMETEK.Inc.; ADMET, Inc.; Hegewald & Peschke; Applied Test Systems; Mitutoyo Corporation.; TA Instruments.; Torontech Inc.; Qualitest Group; Struers.; Mitutoyo Europe GmbH; OLYMPUS CORPORATION; MISTRAS Group, Inc.; Foundrax; DMG; Imatek.; Wirsam Scientific; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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