Press release
Global Mechanical Test Equipment Market Was Valued At 1070 Million US$ In 2018 And Is Projected To Reach 1390 Million US$ By 2025, At A CAGR Of 3.4% By Valuates Reports
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.
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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 study objectives are:
To analyze and research the global Mechanical Test Equipment status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Mechanical Test Equipment manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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This report presents the worldwide Mechanical Test Equipment market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
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.
The following manufacturers are covered in this report:
MTS
Shimadzu
Zwick/Roell
INSTRON
Hegewald & Peschke
AMETEK
CIMACH
Tinius Olsen
Shanghai Hualong Test Instrumens
Hung Ta
Applied Test Systems
Torontech Group International
Mechanical Test Equipment Breakdown Data by Type
Universal Testing Machine
Fatigue Testing Machine
Special Testing Machine
Mechanical Test Equipment Breakdown Data by Application
Manufacturing
Civil Engineering
Pharmaceutical Industry
Scientific Institutions
Others
Mechanical Test Equipment Production by Region
United States
Europe
China
Japan
Other Regions
Mechanical Test Equipment Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
In this study, the years considered to estimate the market size of Mechanical Test Equipment :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Mechanical Test Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered
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Other Similar Report :
Nano-Mechanical Testing Instruments market :https://reports.valuates.com/sreport/QYRE-Auto-16C295/Global_Nano_Mechanical_Testing_Instruments_Market
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