Press release
Global Hardness Testing Machine Market Worth USD 784.7 Million by 2022, Key Players-Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US).
Global Hardness Testing Machine Market
The Hardness testing market is estimated at USD 632.6 Million in 2017, and is projected to reach USD 784.7 Million by 2022, at a compound annual growth rate of around 4.2% from 2017 to 2022. Universal testing machines is the largest segment of the material testing market, owing to its cheap availability and its wide usage in various industries. Moreover, it is used to test mechanical properties in various materials, such as metal, rubber, polymers, and ceramics. It is also used to perform tests such as tensile, compression, peel, bend, and puncture test in industries, such as automotive, educational, medical devices, construction, aerospace & defense, and power. The testing of the material in these industries is vital as any malfunction can affect the brand name of the organization.
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Global Hardness Testing Machine Market Drivers and Restraints:
The growing demand for this testing in the educational institutions is driving the hardness testing machine market. The increasing necessity to meet manufacturing standards, such as ASTM, and ISO, have resulted in high demand for this testing equipment. Educational institutions are the largest segment of the hardness testing machine market, owing to the increasing research and development (R&D) activities carried out by the research scholars. Research is carried out by educational institutions either individually or in collaboration with the industries for better product developments.
Global Hardness Testing Machine Market Geographical Segmentation:
The Hardness testing Machine Market is geographically segmented as Asia Pacific, North America, Europe, and RoW. Asia Pacific is the largest and the fastest-growing market for hardness testing. It is also a major region for construction, educational institution, and automotive globally, encouraging the growth of the market.
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Key Players in Global Hardness Testing Machine Market:
Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the worldwide market. Companies like Indentec also see strong opportunity from Russia. As a matter of fact, Indentec will be presenting at a seminar in the city of Kaluga, which is considered the automotive hub of Russia with a number of foreign companies opening assembly plants in the area.
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About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
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