Global Mechanical Test Equipment Industry Global Mechanical Test Equipment Industry
In terms of production side, this report researches the Mechanical Test Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Mechanical Test Equipment by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Mechanical testing reveals the elastic and inelastic behavior of a material when force is applied. A mechanical test shows whether a material or part is suitable for its intended mechanical applications by measuring elasticity, tensile strength, elongation, hardness, fracture toughness, impact resistance, stress rupture, and fatigue limit.
North America was the largest consumption market with a market share of 25.13% in 2012 and 21.53% in 2017 with an increase of 3.60 %. China and Europe ranked the second and third markets with the market share of 21.13% and 20.14% in 2016.
This market is increasingly witnessing a trend towards upgrading equipment, replacing relevant modules of existing systems and retrofitting. This is mainly due to advancements made in computer control technology, which has led to a growing focus on data collection and real time analysis. Retrofitting is attractive to end users who are always limited by low capital budgets. Yet, it challenges the sale of new equipment. To successfully deal with this challenge, companies should maintain a balance between retrofitting and selling new equipment. From another point of view, it could also be considered as an opportunity companies could take advantage of to improve their sales and market position.
The Mechanical Test Equipment market was valued at 1070 Million US$ in 2017 and is projected to reach 1390 Million US$ by 2025, at a CAGR of 3.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Mechanical Test Equipment.
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This report includes the following manufacturers; we can also add the other companies as you want.
Hegewald & Peschke
Shanghai Hualong Test Instrumens
Applied Test Systems
Torontech Group International
Market Segment by Product Type
Universal Testing Machine
Fatigue Testing Machine
Special Testing Machine
Market Segment by Application
Key Regions split in this report:
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