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Global Material Testing Equipment Market 2016-2020

Global Material Testing Equipment Market 2016-2020

About Material Testing Equipment

Material testing covers a wide range of application and materials that include metals, concrete, composites, and ceramics. Material testing is primarily used to determine the physical properties of materials such as tensile strength, torsion, and elasticity. This process can be carried out through four types of equipment: hardness testing machines (HTMs), impact testing machines (ITMs), servo hydraulic testing machines (SHTMs), and universal testing machines. Each equipment serves a different purpose and involves testing materials for specific physical properties.

End-users of material testing equipment include construction, automobile, and aerospace industries, and heavy industry equipment such as mining excavators. The market for these end-users, especially construction and aerospace, is promising as the governments of developing economies such as India and Brazil are encouraging FDI for infrastructure development. Though the ongoing slowdown in the Chinese economy will affect the market in the latter half of the forecast period, it is likely to revive from the crisis and register a stable growth.

Technavio’s analysts forecast the global material testing equipment market to grow at a CAGR of 3.84% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global material testing equipment market for 2016-2020. The market size is calculated based on the demand for material testing equipment from end-users such as construction, aerospace and automotive industries.

The market is divided into the following segments based on geography:

  • North America
  • APAC
  • Europe
Technavio's report, Global Material Testing Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Applied Test Systems
  • ElectroForce Systems
  • Illinois Tool Works
  • MTS Systems
  • Zwick Roell
Other prominent vendors
  • Fine Group
  • LABQUIP
  • Shimadzu
  • Tinius Olsen
  • UTEST Material Test Equipment
  • Wirsam Sc ientific
Market driver
  • Increase in automobile sales
  • For a full, detailed list, view our report
Market challenge
  • High initial cost of installation
  • For a full, detailed list, view our report
Market trend
  • Growing application in food packaging industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Material Testing Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Material Testing Equipment Market: Applied Test Systems, ElectroForce Systems, Illinois Tool Works, MTS Systems, and Zwick Roell

Other Prominent Vendors in the market are: Fine Group, LABQUIP, Shimadzu, Tinius Olsen, UTEST Material Test Equipment, and Wirsam Sc ientific.

Commenting on the report, an analyst from Technavio’s team said: “The use of material testing equipment is growing in the food packaging industry. This industry uses various materials such as plastic, glass, paperboard, and aluminum canning for packaging foods such as snacks, confectioneries, meat and seafood, fruits, cheese, vegetables, and condiments. The requirements of the food processing industry include longer shelf life for food products that can be achieved through improvement in the quality of packaging.”

According to the report, the global automobile industry is experiencing increased growth as there is high demand for superior-quality accessories and other auto parts. The companies are recognizing this demand and focusing on providing safe and reliable auto products. To cater to this demand, vendors should ensure use of high-quality raw materials, which are subsequently determined by material testing equipment.

Further, the report states that the total cost of installation of material testing equipment is high, thus posing a challenge to market growth.

Companies Mentioned

Applied Test Systems, ElectroForce Systems, Illinois Tool Works, MTS Systems, Zwick Roell, Fine Group, LABQUIP, Shimadzu, Tinius Olsen, UTEST Material Test Equipment, Wirsam Sc ientific.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Market landscape
      • Table Global material testing equipment market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global material testing equipment market by product 2015-2020
    • Global material testing equipment market by UTM
      • Table Global material testing equipment market by UTM 2015-2020 ($ millions)
    • Global material testing equipment market by SHTM
      • Table Global material testing equipment market by SHTM 2015-2020 ($ millions)
    • Global material testing equipment market by HTM
      • Table Global material testing equipment market by HTM 2015-2020 ($ millions)
      • Table Use of HTMs in various applications
      • Table Global fabricated metal products market 2015-2020 ($ trillions)
    • Global material testing equipment market by ITM
      • Table Global material testing equipment market by ITM 2015-2020 ($ millions)
  • Geographical segmentation
    • Table Global material testing equipment market by geography 2015-2020
    • Material testing equipment market in APAC
      • Table Material testing equipment market in APAC 2015-2020 ($ millions)
      • Table Key drivers supporting infrastructural developments in APAC
      • Table Urban population growth in India 1970-2040 (millions)
      • Table Market share of Japanese motor vehicle exports 2015
    • Material testing equipment market in Europe
      • Table Material testing equipment market in Europe 2015-2020 ($ millions)
      • Table Construction growth rate in Europe in 2015-2020 (%)
    • Material testing equipment market in North America
      • Table Material testing equipment market in North America 2015-2020 ($ millions)
  • Key leading countries
    • Material testing equipment market in China
      • Table Material testing equipment market in China 2015-2020 ($ millions)
    • Material testing equipment market in the US
      • Table Material testing equipment market in the US 2015-2020 ($ millions)
    • Material testing equipment market in India
      • Table Material testing equipment market in India 2015-2020 ($ millions)
  • Market drivers
    • Rise in construction industry
      • Table Materials used in testing
      • Table Forecast for key indicators in China's construction sector 2014-2017
    • Growth in commercial aerospace industry
      • Table Global commercial flights delivery 2015-2034
      • Table In-service aircraft reaching 25 years of service life 2015-2025
    • Increase in automobile sales
      • Table Global automobile industry 2015-2020 (millions of units)
      • Table Growth trend in global automobile industry 2008-2018
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Slowdown in Chinese economy
    • High initial cost of installation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased micro and nano testing
    • Growing application in food packaging industry
      • Table Smart packaging market 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Applied Test Systems
      • Table Material testing in Applied Test Systems
      • Table Applied Test Systems: Material testing equipment product portfolio
    • ElectroForce Systems
      • Table Material testing equipment in ElectroForce Systems
      • Table ElectroForce Systems: Material testing equipment product portfolio
    • Illinois Tool Works
      • Table Material testing equipment in Illinois Tool Works
      • Table Illinois Tool Works: Business segmentation by revenue 2014
      • Table Illinois Tool Works: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Illinois Tool Works: Geographical segmentation by revenue 2013 and 2014
      • Table Illinois Tool Works: Material equipment testing product portfolio
    • MTS Systems
      • Table Material testing equipment in MTS Systems
      • Table MTS Systems: Material testing equipment product portfolio
    • Zwick Roell
      • Table Material equipment testing in Zwick Roell
      • Table Zwick Roell: Material testing equipment product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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