New Study: Global Material Testing Equipment Market 2016-2020

From: Fast Market Research, Inc.
Published: Thu Apr 14 2016

Material testing covers a wide range of application and materials that include metals, concrete, composites, and ceramics. Material testing is primarily used to determine the physical properties of materials such as tensile strength, torsion, and elasticity. This process can be carried out through four types of equipment: hardness testing machines (HTMs), impact testing machines (ITMs), servo hydraulic testing machines (SHTMs), and universal testing machines. Each equipment serves a different purpose and involves testing materials for specific physical properties.
End-users of material testing equipment include construction, automobile, and aerospace industries, and heavy industry equipment such as mining excavators. The market for these end-users, especially construction and aerospace, is promising as the governments of developing economies such as India and Brazil are encouraging FDI for infrastructure development. Though the ongoing slowdown in the Chinese economy will affect the market in the latter half of the forecast period, it is likely to revive from the crisis and register a stable growth.

Full Report Details at

Technavio's analysts forecast the global material testing equipment market to grow at a CAGR of 3.84% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global material testing equipment market for 2016-2020. The market size is calculated based on the demand for material testing equipment from end-users such as construction, aerospace and automotive industries.

The market is divided into the following segments based on geography:

* North America
* Europe

Technavio's report, Global Material Testing Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

* Applied Test Systems
* ElectroForce Systems
* Illinois Tool Works
* MTS Systems
* Zwick Roell

Other prominent vendors

* Fine Group
* Shimadzu
* Tinius Olsen
* UTEST Material Test Equipment
* Wirsam Sc ientific

Market driver

* Increase in automobile sales
* For a full, detailed list, view our report

Market challenge

* High initial cost of installation
* For a full, detailed list, view our report

Market trend

* Growing application in food packaging industry
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2020 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?

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