The global material testing market reached a value of US$ 5.61 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 6.9 Billion by 2026, exhibiting a CAGR of 3.51% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Material testing refers to the technique of measuring the physical, structural and mechanical properties of various materials and components. It is used for analyzing the behavior of metals, ceramics and plastics, under different conditions and for assessing if they are in optimal condition. Material testing can be classified as mechanical testing; thermal testing; resistance testing against corrosion, radiation and biological deterioration; and nondestructive testing. These tests are majorly conducted through universal, servo-hydraulic, hardness and impact test machines and are used for production, quality control, research, and laboratory applications. As a result, material testing finds extensive applications across various industries, such as automotive, aerospace & defense, construction, education, energy & power and oil & gas.
Rapid industrialization, along with significant growth in the construction sector, is one of the key factors creating a positive outlook for the market. Raw materials are tested for their mechanical properties to maintain or improve the quality of the products. For instance, in the construction industry, materials, such as adhesives, sealants, concretes, mortar, ceramics, slates, stones and pipes, are tested to check if they have the desired properties. In line with this, the manufacturing of innovative composites across various industries is also contributing to the market growth. Several technological advancements, such as the development of testing equipment with multi-stage testing capabilities and picture-video capture functionalities, are favoring the market growth. Other factors, including increasing product adoption by the medical sector to test material integrity, surface morphology and adhesion capacities, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global material testing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, material and end use industry.
Breakup by Type:
Breakup by Material:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and ZwickRoell AG.
The global material testing market size was valued at US$ 5.61 Billion in 2020.
According to the estimates by IMARC Group, the global material testing market is expected to reach a value of US$ 6.9 Billion by 2026, exhibiting a CAGR of 3.51% during 2021-2026.
Rapid industrialization, along with significant growth in the construction sector, represents some of the key drivers for the global material testing market.
Increasing adoption of material testing equipment in the medical sector to test material integrity, surface morphology, and adhesion capacities of several medical devices, represents one of the key industry trends in the global material testing market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end-use industries for material testing, thereby negatively impacting the global market.
On the basis of the type, the market has been bifurcated into universal testing machines, servohydraulic testing machines, hardness testing machines, impact testing machines, and non-destructive testing machines. Currently, non-destructive testing machines hold the majority of the total market share.
Based on the material, the market has been segmented into metals and alloys, plastics, rubber and elastomers, ceramics and composites, and others. Among these, metals and alloys represent the largest segment.
On the basis of the end use industry, the market has been bifurcated into automotive, construction, education, aerospace and defense, oil and gas, energy and power, and others. Among these, the construction sector holds the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global material testing market are 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, and ZwickRoell AG.
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