Press release
Global Universal Testing Machine Market is projected to reach 450 Million US$ by 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
A universal testing machine is used to subject a material sample or structure to either tension or compression for the purposes of experimentally determining certain engineering properties or characteristics, other functions such as bending, shear. These properties generally deal with the yield strength of a material, ultimate or failure strength or a material or structure, or the stiffness and ductility of a material.
Much more companies getting into the universal testing machine industry and the market is much scattered. Key players in universal testing machine market include MTS, INSTRON, Zwick/Roell, Shimadzu, ADMET, Shanghai Hualong, Tianshui Hongshan, etc.
In 2015, major demand is expected to account 34.92% from North America in the global universal testing machine market. China is occupied 33.18% market in universal testing machine industry and will increase stably. Other major demand is expected from emerging markets of Europe, totaled contributed 28 percent.
Universal Testing Machine demand is concentrated in the field of Automobile manufacturing, Defense military, Aeronautics and Astronautics, Scientific and Education, Electronics, Metallurgical smelting and other applications. As of 2015, the Scientific and Education application segment of the universal testing machine is the largest segment of the global universal testing machine market with a market share of 27 percent. On the other hand, the market value accounted in the year 2015 by the Automobile Manufacturing segment is approximately 16.12% of the consumption volume.
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The Universal Testing Machine market was valued at 350 Million US$ in 2017 and is projected to reach 450 Million US$ by 2025, at a CAGR of 3.0% 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 Universal Testing Machine.
The following manufacturers are covered in this report:
MTS
INSTRON
Zwick/Roell
Shimadzu
ADMET
Hegewald & Peschke
AMETEK(Lloyd)
Torontech Group
Keysight Technologies
Qualitest International
Tinius Olsen
Applied Test Systems
ETS Intarlaken
JINAN SHIJIN GROUP
Suns
TENSON
Changchun Kexin Test Instrument
WANCE Group
Shanghai Hualong
Tianshui Hongshan
Laizhou Huayin
Shenzhen Reger
Hung Ta
Shandong Drick
Jinan Kehui
Jinan Fine
Jinan Liangong
HRJ
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