Global Material Testing Market Industry Trends, Scope, Drivers, By Equipment Type (Universal, Servohydraulic, Hardness, & Impact Test Equipment), By Testing Material (Rubber & Elastomers, Metal, Plastics, Ceramics & Composites), By End User, & By Region with Forecast 2017-2030

Global Material Testing Market Overview

Material testing equipment demand is increasing across multiple industries involved with using a variety of raw materials and testing their mechanical strength to improve and maintain the quality. The increasing emphasis on quality of the products and to comply with ASTM International standards is driving the growth of global material testing market. Moreover, continuous development and innovation in the materials such as the trend of using advanced materials is further impacting the growth of the market. Application of material testing equipment predominantly is in the automotive and construction industries. The material testing software is also an important part of the system, where its application is advancing with the rise of IoT, cloud and big data analytics technologies. As these technologies have important application across the industries, so there is a need for advanced material testing software. Goldstein Market Intelligence analyst forecast that the global material testing industry is expected to grow at a CAGR of 4.7% during the 2017-2030 period. The global material testing market is witnessed to continue its growth in past years even in the times fluctuating oil prices and other geopolitical factors. As the macroeconomic factors have a large influence on the material testing system, the economic turmoil such as in Europe had negatively impacted the investments scenario on the market.

Global Material Testing Market Segmentation

By Material Testing Equipment Type

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

By Testing Material

• Rubber & Elastomers
• Metal
• Plastics
• Ceramics & Composites

By End User

• Automotive Industry
• Construction Industry
• Aerospace and Defense
• Power Sector
• Others

By Geography

• North America (U.S. & Canada)  Material Testing  Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Material testing  Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Material Testing  Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Material Testing  Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Material Testing  Market {Market Share (%), Market Size (USD Billion)}

Regional Market Share

Based on geography, Asia Pacific region accounted for the largest revenue share of nearly 55.0% in 2017 of the global Material testing market. Asia Pacific region is a growing economy with huge manufacturing and construction activities that is propelling the demand for the material testing system. Whereas, North America closely follows Asia-Pacific market share, and are expected to grow at a CAGR of 4.8% over the forecast period.

Covered In This Global Material Testing Market Report              

The report covers the present ground scenario and the future growth prospects of the Material testing market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Material Testing Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global Material testing market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Material Testing Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide the competitive advantage to the existing and new entry players.

Key Market Players

Our Global Material testing market report comprises of the following companies as the key players.

• Admet
• Zwick
• Roell
• Instron
• Mitutoyo
• Galdabri
• Ilbertes Foundrax
• Dension Mayes
• Shimadzu
• Imatek, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Material Testing Market Report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2017-18 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for global Material testing  market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the global Material testing  market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects