Material Testing Market Report 2021, Size, Share, Growth, Industry Analysis, Price Trends

According to the latest report by IMARC Group, titled “Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global material testing market to reach a value of US$ 6.9 Billion by 2026, exhibiting a CAGR of 3.51% during 2021-2026.

Material testing refers to a technique of measuring the structural, physical, and mechanical characteristics of numerous materials and components. It is widely adopted to analyze the behavior of ceramics, plastics, and metals, under diverse conditions. Material testing can be primarily classified into thermal testing, nondestructive testing, mechanical testing, and resistance testing against radiation, corrosion, and biological deterioration. Several tests are generally conducted with the help of various universal, servo-hydraulic, hardness, and impact test machines. Material testing is extensively adopted for production, quality control, research, and laboratory applications across numerous sectors, such as automotive, construction, oil and gas, education, aerospace, defense, energy and power generation, etc.

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Market Trends:

A significant growth in the construction industry has led to the increasing demand for material testing for improving the quality of sealants, adhesives, mortar, ceramics, concretes, etc., thereby propelling the market for material testing. Moreover, the rising adoption of material testing in the medical industry to test material integrity, adhesion capacities, surface morphology, etc., is also augmenting the market growth. Several technological innovations have led to the development of testing equipment with multi-stage testing capabilities and picture-video capture functionalities, which will continue to drive the market for material testing in the coming years.

Material Testing Market 2021-2026 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.

Some of these key players include:

• 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 of type, material, end use industry and region.

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

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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

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape

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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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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