Fatigue Testing Machine Market 2020 Challenges, Opportunities And Industry Risk By 2026
Fatigue testing machines are used to measure the sturdiness of components, raw materials, or finished products, and to withstand cyclic fatigue loading in various conditions.
Fatigue testing machines conduct tests by measuring the force applied on these raw materials until the raw material fails.
Fatigue Testing Machine Market Dynamics
Increasing demand for fatigue testing machines from the automotive industry is considered to be one of the key trends affecting the growth of the fatigue testing machine market.
Several automotive companies are adopting ultra-high frequency based fatigue testing machines that helps in decreasing the turnaround time.
Moreover, technological advancement enables end-users to test the fatigue life of new products with high fatigue cycles.
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For example, even proportions of titanium and nickel result in an alloy of nitinol wire which is gaining importance in several applications. Thus, development of materials with higher fatigue life cycles is expected to boost the growth of the fatigue testing machine market.
In addition, growing demand for digital fatigue testing machines is another key trend promoting the growth of the market.
Aerospace and defense, construction, automotive, and research & development sectors are increasingly adopting advanced fatigue testing machines due to its increasing applications in material testing and testing the performance of final products.
However, low data accuracy due to high levels of background variation is expected to be a major factor limiting the growth of the fatigue testing machine market in the upcoming years. Fatigue testing machines are used for modifications of the existing designs. It is also used to validate new product designs to ensure that the design does not incur fatigue failures.
Fatigue Testing Machine Market: Segmentation Analysis
Based on end-use industry, the global fatigue testing machine market can be divided into automotive industry, composites industry, aerospace industry, and medical industry.
The automotive industry segment is a prominent end-user of fatigue testing machines. Thus, this end-user segment accounted for major market share in 2018. The segment is projected to maintain its dominance in the global fatigue testing machine market throughout the forecast period.
Growing demand for electric and hybrid vehicles across the world has augmented the expansion of the automotive industry, resulting in growth in demand for fatigue testing machines.
North America to Lead the Global Market for Fatigue Testing Machines
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In terms of region, the global fatigue testing machine market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America accounted for major share of the fatigue testing machine market in 2018, followed by Europe and Asia Pacific.
The fatigue testing machine market in North America is majorly impacted by the expansion of various end-use industries such as automotive, medical, and aerospace. The rapid growth of these industries offers ample growth opportunities to the fatigue testing machine market.
The fatigue testing machine market in Asia Pacific is anticipated to expand at a rapid pace in the near future due to significant expansion of the automotive sector. Moreover, Asian countries such as China, India, South Korea, and Japan are experiencing strong growth in demand for electric and hybrid vehicles. This is expected to be a major factor that drives the demand for fatigue testing machines, and thereby boosts the fatigue testing machine market in the region.
South America and Middle East & Arica are also expected to witness prominent market share in the fatigue testing machine market due to several initiatives taken by the government in these regions toward product safety and quality upgrade.
Key Manufacturers Operating in the Market
The global fatigue testing machine market was moderately fragmented in 2018, with presence of numerous large and small scale established players who have occupied prominent share in the market. These vendors are engaged in offering varied products to end-users and adopt different strategies to stay relevant in this competitive environment. Key manufacturers operating in the global market are:
Fine Manufacturing Industries
Illinois Tool Works
Zwick Roell Group
Global Fatigue Testing Machine Market: Research Scope
Fatigue Testing Machine Market, by End-use Industry
Global Fatigue Testing Machine Market, by Region
Rest of North America
Russia & CIS
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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