Material Testing Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "Material Testing Market Report by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Machines, Impact Testing Machines, Non-Destructive Testing Machines), Material (Metals and Alloys, Plastics, Rubber and Elastomers, Ceramics and Composites, and Others), End Use Industry (Automotive, Construction, Education, Aerospace and Defense, Oil and Gas, Energy and Power, and Others), and Region 2023-2028." The study provides a detailed analysis of the industry, including the global material testing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the material testing market?

The global material testing market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.40% during 2023-2028.

What is material Testing?

Material testing refers to the process of determining the physical and mechanical properties of different components and raw materials. It is used for studying the behavior of metals, ceramics, and plastics under different conditions. It is generally conducted via universal, servo-hydraulic, hardness, and impact test machines and utilized in the production, quality control, research, and laboratory applications. It assists in analyzing compression, elongation, ductility, tensile, bond, bend, rupture, and puncture strength. It also aids in evaluating toughness and resistance against tear and crush. It enables companies to gather valuable knowledge for improving existing products and developing new ones.

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What are the growth prospects and trends in the material testing industry?

The increasing construction activities in residential and commercial spaces represent one of the major factors driving the utilization of material testing in the construction industry around the world. Moreover, material testing is employed in the automotive industry to ensure material strength and improve performance. In addition, due to the growing food safety concerns, material testing is gaining traction in the food and beverage (F&B) industry to enhance the safety of packaged products and reduce the risk of contamination. Apart from this, the increasing adoption of material testing in the energy and power sector to ensure the safety and reliability of equipment and infrastructure used in the generation, transmission, and distribution of electricity is favoring the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

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.

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