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Material Testing Market Demand, Share, Key Players, Size & Growth Analysis 2022-2027
According to the latest report by IMARC Group, titled, "Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global material testing market reached a value of US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2027, exhibiting at a CAGR of 5.11% during 2022-2027.Material testing is used to determine the characteristics and behavior of a sample, such as metals, alloys, ceramics and composites, plastics, and elastomers. It includes the evaluation of thermal and electrical properties and resistance to corrosion, radiation, and biological deterioration of the sample. It helps in understanding whether a material is suitable for a certain application and meeting the requirements of regulatory agencies. At present, it is employed in numerous industries, such as automotive, construction, education, aerospace and defense, oil and gas, and energy and power.
Material Testing Market Trends:
The growing global population and the consequently increasing construction activities represent one of the key factors catalyzing the demand for material testing across the globe. In addition, the flourishing aerospace industry and rising demand for non-destructive testing (NDT) in designing, manufacturing, and maintenance of aircraft are fueling the market growth. Apart from this, the increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to improve testing and certification services is bolstering the market growth. Additionally, governments of various countries are imposing stringent regulations on product quality to ensure human and environmental safety, which is creating a positive market outlook. Furthermore, the growing applications of material testing in various research applications, such as polymer analysis, consumer goods and packaging, nanomaterial characterization, and mining, are driving the market worldwide.
Request Free Sample Report: https://www.imarcgroup.com/material-testing-market/requestsample
Global Material Testing Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Admet Inc.
Ametek Inc.
Applied Test Systems LLC
Illinois Tool Works Inc.
Labquip
Mistras Group Inc.
Mitutoyo Corporation
MTS Systems Corporation
Shimadzu Corporation
Tinius Olsen Ltd.
Wirsam Scientific
ZwickRoell AG.
The report has segmented the market on the basis on region, type, material and end use industry.
Breakup by Type:
Universal Testing Machines
Servohydraulic Testing Machines
Hardness Testing Machines
Impact Testing Machines
Non-Destructive Testing Machines
Breakup by Material:
Metals and Alloys
Plastics
Rubber and Elastomers
Ceramics and Composites
Others
Breakup by End Use Industry:
Automotive
Construction
Education
Aerospace and Defense
Oil and Gas
Energy and Power
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil,Mexico, Others)
Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/material-testing-market
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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