Material Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
- Transparency Market Research
Material testing is a well-established technique used to determine the physical, structural, and mechanical properties of various types of materials and components. Material testing has been carried out in manufacturing and processing industries as well as educational and research institutes across the world. Advanced hybrid lightweight materials are increasingly being developed for applications in a wide range of industries. Material testing can enable the selection of right material for right application. It provides effective solutions to industries such as automotive, aerospace & defense, construction, and manufacturing.
The global material testing market can be segmented based on type of test, equipment, material, and end-use industry. In terms of type of test, the market can be divided into destructive testing, non-destructive testing, thermal analysis (The thermal analysis segment can be split into Differential Thermal Analysis (DTA), Differential Scanning Calorimetry (DSC), Thermogravimetry (TG), and others.), and microscopy techniques (Microscopy techniques that reveal the structural properties of materials are optical microscopy, electron microscopy, and others.). The equipment segment can be segregated into destructive testing machines such as universal testing machines, servo hydraulic testing machines, hardness testing machines, and impact testing machines. And non-destructive testing equipment such as, flaw detectors, thickness gauges, hardness & strength testers, and other equipment, which comprise corrosion testers and moisture testers. In terms of end-user industry, the market can be classified into construction, oil & gas, aerospace & defense, automotive, educational research institutes, electronics, and semiconductors. Based on material, the market can be segmented into alloys, polymers, composites, metals, and others. Construction is the dominant end-user of the market, while electronics and semiconductors segments are projected to witness rapid growth during the forecast period.
Increase in importance to meet manufacturing standards such as ASTM and ISO for different types of materials in various types of applications has created significant demand for material testing. Rise in demand for material testing in research organizations and educational institutions is also driving the material testing market. This can also be ascribed to the increase in R&D activities carried out by research scholars for better product developments either individually or in collaboration with industries. The prerequisite of advanced materials is to meet the regulations with regards to the multiple industry verticals has been intensifying the tests methods on different materials thereby elevating the selection of material testing types & equipment across the industries.
Based on geography, the material testing market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is expected to be the dominant region of the material testing market owing to rapid industrialization and expansion of construction and manufacturing industries in the region. North America and Europe accounted for significant share of the market share in terms of value in 2016. Thus, these are prominent regions of the material testing market.
Key players operating in the global material testing market include MTS Systems Corporation, Olympus Corporation, Mistras Group, Inc., and Shimadzu Corporation.
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- Market segments and sub-segments
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- Supply and demand
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
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- Reporting and evaluation of recent industry developments
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