The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global material testing market size was valued at US$ 5.8 Billion in 2021.
According to the estimates by IMARC Group, the global material testing market is expected to reach a value of US$ 7.8 Billion by 2027, exhibiting a CAGR of 5.11% during 2022-2027.
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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at