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Global Mechanical Test Equipment Market Growth 2019-2024
SKU ID : LPI-13870826 | Publishing Date : 19-Feb-2019 | No. of pages : 160
Mechanical testing reveals the elastic and inelastic behavior of a material when force is applied. A mechanical test shows whether a material or part is suitable for its intended mechanical applications by measuring elasticity, tensile strength, elongation, hardness, fracture toughness, impact resistance, stress rupture, and fatigue limit.
North America was the largest consumption market with a market share of 25.13% in 2012 and 21.53% in 2017 with an increase of 3.60 %. China and Europe ranked the second and third markets with the market share of 21.13% and 20.14% in 2016.
This market is increasingly witnessing a trend towards upgrading equipment, replacing relevant modules of existing systems and retrofitting. This is mainly due to advancements made in computer control technology, which has led to a growing focus on data collection and real time analysis. Retrofitting is attractive to end users who are always limited by low capital budgets. Yet, it challenges the sale of new equipment. To successfully deal with this challenge, companies should maintain a balance between retrofitting and selling new equipment. From another point of view, it could also be considered as an opportunity companies could take advantage of to improve their sales and market position.
According to this study, over the next five years the Mechanical Test Equipment market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 1290 million by 2024, from US$ 1070 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mechanical Test Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Mechanical Test Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Mechanical Test Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Universal Testing Machine
Fatigue Testing Machine
Special Testing Machine
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Manufacturing
Civil Engineering
Pharmaceutical Industry
Scientific Institutions
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
MTS
Shimadzu
Zwick/Roell
INSTRON
Hegewald & Peschke
AMETEK
CIMACH
Tinius Olsen
Shanghai Hualong Test Instrumens
Hung Ta
Applied Test Systems
Torontech Group International
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mechanical Test Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mechanical Test Equipment market by identifying its various subsegments.
Focuses on the key global Mechanical Test Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mechanical Test Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mechanical Test Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
North America was the largest consumption market with a market share of 25.13% in 2012 and 21.53% in 2017 with an increase of 3.60 %. China and Europe ranked the second and third markets with the market share of 21.13% and 20.14% in 2016.
This market is increasingly witnessing a trend towards upgrading equipment, replacing relevant modules of existing systems and retrofitting. This is mainly due to advancements made in computer control technology, which has led to a growing focus on data collection and real time analysis. Retrofitting is attractive to end users who are always limited by low capital budgets. Yet, it challenges the sale of new equipment. To successfully deal with this challenge, companies should maintain a balance between retrofitting and selling new equipment. From another point of view, it could also be considered as an opportunity companies could take advantage of to improve their sales and market position.
According to this study, over the next five years the Mechanical Test Equipment market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 1290 million by 2024, from US$ 1070 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mechanical Test Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Mechanical Test Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Mechanical Test Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Universal Testing Machine
Fatigue Testing Machine
Special Testing Machine
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Manufacturing
Civil Engineering
Pharmaceutical Industry
Scientific Institutions
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
MTS
Shimadzu
Zwick/Roell
INSTRON
Hegewald & Peschke
AMETEK
CIMACH
Tinius Olsen
Shanghai Hualong Test Instrumens
Hung Ta
Applied Test Systems
Torontech Group International
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mechanical Test Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mechanical Test Equipment market by identifying its various subsegments.
Focuses on the key global Mechanical Test Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mechanical Test Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mechanical Test Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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