HOME Top Market Reports Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022

Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: CH 5921

 

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The material testing market was valued at USD 610.0 Million in 2016 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% during the forecast period. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

Objectives of the Study  

  • To analyze and forecast the market size for material testing market, in terms of value
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, describe, and forecast the material testing market on the basis of type, and end-use industry
  • To forecast the material testing market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific, and RoW
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, regional expansions, and R&D in the material testing market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Years considered for this report

2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

Research Methodology

This study estimates the size of the material testing market for 2017 and projects its growth by 2022. It provides a detailed qualitative and quantitative analysis of the material testing market. Secondary sources, such as D&B Hoovers, Bloomberg Business Week, and Factiva, among others were used to identify and collect information useful for this extensive, commercial study of the material testing market. Primary sources such as experts from related industries and suppliers of material testing were interviewed to obtain and verify critical information and assess prospects of the material testing market.

Material Testing Market

To know about the assumptions considered for the study, download the pdf brochure

Key players profiled in the report include Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US).

Target Audience:

  • Manufacturers of Heat Transfer Fluids
  • Chemical Suppliers
  • Traders, Distributors, and Suppliers of Material testing
  • Raw Material Suppliers
  • Government and Research Organizations
  • Industry Associations

“This study answers several questions for stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. It also provides a competitive landscape of the material testing market”.

Scope of the Report:

The material testing market has been segmented as follows:

Material Testing Market, by Type:

  • Universal Testing Machines
  • Servohydraulic Testing Machines
  • Hardness Testing Equipment
  • Impact Testing Equipment

Material testing Market, by End-use Industry:

  • Automotive
  • Construction
  • Educational Institutions
  • Aerospace & Defense
  • Medical Devices
  • Power
  • Others

Material testing Market, by Material:

  • Metal
  • Plastics
  • Rubber and Elastomer
  • Ceramics and Composites
  • Others

Material testing Market, by Region:

  • Asia Pacific
  • Europe
  • North America
  • RoW

The market has further been analyzed for the key countries in each of these regions.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the rest of Asia Pacific material testing market into Australia and New Zealand

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Material Testing Market
    4.2 Material Testing Market, By End-Use Industry
    4.3 APAC Material Testing Market, By Material and Country
    4.4 Material Testing Market, By Region
    4.5 Material Testing Market, By Type

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Importance of Manufacturing Quality Products
                    5.2.1.2 Economic Benefits Associated With Astm Standards
           5.2.2 Restraints
                    5.2.2.1 Wastage of Resources in Destructive Testing
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand From Composite and Plastic Processing Industries
           5.2.4 Challenges
                    5.2.4.1 Political and Economic Uncertainties
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Real GDP Growth Rate Forecast of Major Economies
           5.4.2 Trends in Construction Industry
           5.4.3 Trends in Automotive Industry
           5.4.4 Trends in Defense Industry

6 Material Testing Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Universal Testing Machines
    6.3 Servohydraulic Testing Machines
    6.4 Hardness Testing Equipment
    6.5 Impact Testing Equipment

7 Material Testing Market, By Material (Page No. - 45)
    7.1 Introduction
    7.2 Metal
    7.3 Plastics
    7.4 Rubber and Elastomer
    7.5 Ceramics and Composites
    7.6 Others

8 Material Testing Market, By End-Use Industry (Page No. - 49)
    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 Region (Page No. - 53)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Russia
           9.3.7 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 South Korea
           9.4.5 Australia
           9.4.6 Indonesia
           9.4.7 Rest of APAC
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Turkey
           9.5.3 Iran
           9.5.4 Rest of RoW

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Market Structure and Ranking of Key Players
     10.3 Competitive Scenario
             10.3.1 New Product Launches
             10.3.2 Mergers & Acquisitions
             10.3.3 Investments & Expansions
             10.3.4 Agreements & Partnerships

11 Company Profile (Page No. - 99)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Instron
     11.2 Zwick Roell
     11.3 MTS Systems
     11.4 Shimadzu
     11.5 Tinius Olsen
     11.6 Ametek
     11.7 ADMET
     11.8 Hegewald & Peschke
     11.9 Applied Test Systems
     11.10 Mitutoyo
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.11 Other Key Players
             11.11.1 TA Instruments
             11.11.2 Torontech
             11.11.3 Qualitest International
             11.11.4 ETS Intarlaken
             11.11.5 Struers

12 Appendix (Page No. - 116)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (70 Tables)

Table 1 Trends and Forecast of Real GDP Growth Rates From 2016 to 2022
Table 2 Construction Industry Contribution to GDP (USD Million)
Table 3 Automotive Production Statistics 2016 (Number of Units)
Table 4 Defense Expenditure By Country (USD Million)
Table 5 Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 6 Universal Testing Machines Market Size, By Region, 2015–2022 (USD Million)
Table 7 Servohydraulic Testing Machines Market Size, By Region, 2015–2022 (USD Million)
Table 8 Hardness Testing Equipment Market Size, By Region, 2015–2022 (USD Million)
Table 9 Impact Testing Equipment Market Size, By Region, 2015–2022 (USD Million)
Table 10 Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 11 Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 12 Material Testing Market Size, By Region, 2015–2022 (USD Million)
Table 13 North America: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 14 North America: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 15 North America: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 16 North America: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 17 US: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 18 US: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 19 Canada: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 Canada: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 21 Mexico: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 22 Mexico: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 23 Europe: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 24 Europe: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Europe: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 26 Europe: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 27 Germany: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 28 Germany: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 29 France: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 30 France: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 31 UK: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 32 UK.: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 33 Italy: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 Italy: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 35 Spain: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Spain: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 37 Russia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 Russia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 39 Rest of Europe: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 Rest of Europe: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 41 APAC: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 42 APAC: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 43 APAC: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 44 APAC: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 China: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 China: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 47 India: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 India: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 49 Japan: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 50 Japan: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 51 South Korea: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 52 South Korea: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 53 Australia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 54 Australia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 55 Indonesia: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 56 Indonesia: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 57 Rest of APAC: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 58 Rest of APAC: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 59 Middle East & Africa: Material Testing Market Size, By Country, 2015–2022 (USD Million)
Table 60 Middle East & Africa: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Middle East & Africa: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 62 Middle East & Africa: Material Testing Market Size, By Type, 2015–2022 (USD Million)
Table 63 Brazil: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 64 Brazil : Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 65 Turkey: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 66 Turkey: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 67 Iran: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Iran: Material Testing Market Size, By Material, 2015–2022 (USD Million)
Table 69 Rest of RoW: Material Testing Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 70 Rest of RoW: Material Testing Market Size, By Material, 2015–2022 (USD Million)
 
 
List of Figures (26 Figures)
 
Figure 1 Material Testing Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Material Testing Market: Data Triangulation
Figure 5 Universal Testing Machine to Dominate Material Testing Market Between 2017 and 2022
Figure 6 Educational Institutions to Dominate Material Testing Market Between 2017 and 2022
Figure 7 Metals to Dominate Material Testing Market Between 2017 and 2022
Figure 8 APAC Accounted for the Largest Share in Material Testing Market in 2016
Figure 9 Growing Importance for Manufacturing Quality Products to Provide Growth Opportunities for Market Players
Figure 10 Power to Be the Fastest-Growing End-Use Industry in Material Testing Market - 2017–2022
Figure 11 China Was the Largest Contributor to the APAC Material Testing Market in 2016
Figure 12 China to Be the Fastest Growing Market During the Forecast Period
Figure 13 Universal Testing Machine to Be the Fastest Growing Type During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Material Testing
Figure 15 Porter’s Five Forces Analysis
Figure 16 Universal Testing Machines to Be the Largest and Fastest Growing Type During the Forecast Period
Figure 17 Ceramics and Composites to Be the Fastest Growing Segment for the Material Testing Market During the Forecast Period
Figure 18 Power to Be the Fastet Growing End User Industry for Material Testing Market
Figure 19 China to Register Fastest Growth in Material Testing Market
Figure 20 Need to Meet Material Standards Driving the Material Testing Market in North America
Figure 21 Growing Research Activities in Educational Institutions to Drive the APAC Material Testing Market
Figure 22 Companies Adopted New Product Launches as the Key Growth Strategy
Figure 23 Market Structure and Ranking of Key Players
Figure 24 MTS Systems: Company Snapshot
Figure 25 Shimadzu: Company Snapshot
Figure 26 Amtek: Company Snapshot

The material testing market is estimated at USD 633.6 Million in 2017 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

Based on type, the material testing market has been segmented into universal testing machines, servohydraulic testing machines, hardness test equipment, and impact test equipment. Universal testing machines is the largest type due to its ability to perform tensile, compression, and bend tests for various materials. The cheap availability of universal testing machine and its wide usage in various industries are the major reasons for the high growth rate of universal testing machines in the market.

Based on end-use industry, the material testing market has been segmented into automotive, construction, educational institutions, aerospace & defense, medical devices, power, and others. Educational Institutions is the largest end-use industry, owing to the research activities carried out by research scholars to develop high-quality materials at a cost-effective price. Moreover, project funding from government and private organization to develop and analyze material quality for better suitability of specific applications increases the usage of material testing in educational institutions.

Based on material, the material testing market has been classified into metal, plastics, rubber and elastomer, ceramics and composites, and others. Ceramics and composites is expected to be the fastest-growing material segment of the material testing market. It is majorly due to its high demand from aerospace & defense, automotive, and construction industries. There is high demand for ceramics and composites materials in these industries due to its advanced material properties.

Material Testing Market

Based on region, the material testing market has been segmented into Asia Pacific, North America, Europe, and RoW. The material testing market in Asia Pacific is the largest and fastest-growing market, owing to the growing industrialization and increasing educational research activities in this region.

The key restraining factor in the material testing market is the wastage of material resources and amount spent on it. Companies such as Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), Tinius Olsen (US), Ametek (US), and others are engaged in new product launches, mergers & acquisitions, and investments & expansions to enhance their foothold in the market.

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