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Fatigue Testing Machine Market Overview, Size & Share, Future Evolution & Forecast till 2028

04-09-2019 02:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Fatigue Testing Machine Market

Fatigue Testing Machine Market

The growing demand for fatigue testing machines to test the durability of materials is one of the key factors driving the growth of fatigue testing machines market. Fatigue testing machines are used to evaluate the sturdiness of components, raw materials, and finished products. Moreover, fatigue testing machines are used to determine a test sample's life expectancy in real service loads in varied applications. The rising demand for fatigue test equipment due to the evolving requirement of quality control and assurance in production for determining the sustainability and durability of the material is one of the key factor contributing to the growth of fatigue testing machines market. Furthermore, the demand for fatigue testing machines are increasing over the years due to the modification of existing technologies and adopting new technologies.

Fatigue Testing Machines Gaining Traction in the Automotive Sector

Various type of materials such as plastic, rubber, alloys and metals are widely used during production of vehicles. The demand for fatigue testing machines are increasing as these materials go through multiple cycles of stress and loading. Also, the demand for high frequency fatigue testing machines is increasing in the automotive industry owing to the increasing need to test essential parts in the automobiles. Moreover, with the advent of just in time processing in manufacturing plants, various automotive industries are adopting high frequency fatigue testing machines which, in turn, is propelling the growth of fatigue testing machines market. Furthermore, the rising trend of hybrid and electric vehicles is also creating potential growth opportunities for the fatigue testing machines market.

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Technological Developments in Fatigue Testing Machines Boosting Demand  

The growing demand for digital fatigue testing machines is one the major trends observed in the market. Also, the increasing demand for light and compact fatigue testing machines in laboratories, research institutes, and material manufacturers is one of the major factors driving the growth of fatigue testing machines market. Furthermore, the continuous innovations in automotive testing equipment and swift evolution in the automotive sector mainly in Europe and Asia Pacific are anticipated to drive the growth of fatigue testing machine market. The demand for advanced fatigue testing machines is also increasing rapidly due to need of the universal testing in the aerospace and defence, construction, automotive, and research & development sectors.  

Fatigue Testing Machine Market: Segmentation

Segmentation of Fatigue Testing Machine Market on the Basis of Product Type:
Low Frequency (Under 50 Hz)
Intermediate Frequency (50 Hz – 300 Hz)
High Frequency (Above 300 Hz)

Segmentation of Fatigue Testing Machine Market on the Basis of End Use:
Automotive
Construction
Aerospace & Defence
Medical
Laboratories & Research Institutes
Others  

Fatigue Testing Machine Market: Competition Landscape

Key Players

Prominent players in the global fatigue testing machine market are Illinois Tool Works, MTS Systems, Shimadzu Corporation, Zwick, ADMET, Mts Systems, Instron, Ducom Instruments, Tinius Olsen, Fine Manufacturing, and Ektron Tek.

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Fatigue Testing Machine Market: Regional Overview

On the basis of geography, North America and Europe are anticipated to capture the substantial market share in terms of value in the fatigue testing machines market, due to the increasing adoption of high frequency fatigue testing machine in various countries of the region such as U.S., U.K., Germany, Russia, and France and presence of various key fatigue testing machines provider in the region. Moreover, the fatigue testing machines market in Asia Pacific is expected to witness high growth rates during the forecast period owing to the rapid growth in the automotive sector and growing penetration of hybrid and electric vehicles in various countries of the region such as Japan, China, and South Korea. Furthermore, Middle East & Africa and Latin America are also expected to capture noteworthy market share in terms of value in the fatigue testing machine market due to the numerous initiatives taken by the government of countries towards the up gradation of quality and safety of the products.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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