This Material Testing report splits the market by definition, specification and applications of segments by regions like North America, South America, Asia and Pacific region, Middle east and Africa and Europe. then the report analyzes the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast. The Material Testing report offers SWOT analysis which identifies Strength, Weakness, opportunities and threats of the market. It also assesses the performance, competition, risk and potential of a business as well as part of business such as product line or division, an industry or other entity.
Material Testing Market is expected to rise from its initial estimated value of USD 668.04 million in 2018 to an estimated value of USD 960.99 million by 2026, registering a CAGR of 4.65% in the forecast period of 2019-2026. Increasing demand of material testing from various end user industries is driving the growth of this market.
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Material testing is usually done to identify the physical and mechanical properties of the different materials and components. Compression, tensile strength, peel strength, shear strength, bond strength, flexure etc. are usually tested in this material testing. These testing are very useful as it help in the production, quality control, R&D. These days, material testing is widely used in many industries like construction, automotive, aerospace, defence etc.
Using the internal and external data this Material Testing report can guide the business toward strategies more likely to be successful and away from those in which they have been or are likely to be , less successful. It also focuses on the weakness of the organization that could help to stop from performing at its optimum level and refers to the favorable external factors that could give an organization a competitive advantage. This Material Testing report helps to identify the threats that can impact the business in the future.
Key Developments in the Market:
In June 2017, UL announced the launch of their new composite material testing laboratory at Bangalore. They are specially designed for the testing of the materials like polymer blends, carbon & glass fibers and laminates reinforced with nanoparticles. The main aim is to meet the demand of the composite materials in industries like aerospace, automotive and renewable energy.
In February 2019, HeiQ announced the launch of their new service for the fabric innovation – HeiQ Fabric Labs. The main aim is to create new ideas and apply it in fiber, yarn, fabric solutions, and chemical technologies. Fabric trend research, material education and product marketing and education seminars are some of the other services that are provided by HeiQ Fabric Lab.
Key Market Competitors: Global Material Testing Market
Few of the major competitors currently working in material testing market are Illinois Tool Works Inc, Zwick Roell Group, Shimadzu Corporation, Tinius Olsen, ADMET, Inc., Hegewald & Peschke Meß- und Prüftechnik GmbH, Applied Test Systems, Mitutoyo America Corporation., TA Instruments, Torontech Inc., Qualitest International Inc, ETS Intarlaken Technologies, Struers, MTS Systems Corporation.
Increasing demand of material testing from aerospace industry is driving the growth of this market.
Increasing preference for manufacturing quality products is driving the market.
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Global material testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of material testing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Material Testing Market
Universal Testing Machines
Servohydraulic Testing Machines
Hardness Testing Equipment
Impact Testing Equipment
Rubber and Elastomer
Ceramics and Composites
By End- User
Aerospace & Defense
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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