Material Testing Market

Global Material Testing Market Size (2024 to 2029)

The size of the global material testing market is estimated to grow at a CAGR of 6.46% from 2024 to 2029 and be worth USD 1014 million by 2029 from USD 741.4 million in 2024.

Material testing is a highly established technique employed to analyze the physical, structural, and mechanical features of different kinds of materials and composites. Material testing has been used in the making and processing industries and in education and research institutes across the world. High-advanced hybrid lightweight materials are rising and being developed for applications in a broad range of industries. Material testing can help in choosing the perfect material for the right application. The material testing industry is estimated to experience more expansion during the foreseen period owing to the huge call for material testing in different end-use businesses, like building, automotive, and aerospace & defense.  Growing calls for material testing in educational places are driving the Material Testing Industry. Escalating needs to meet making standards, like ASTM, and ISO has led to high calls for the material testing device. 

MARKET DRIVERS

The rising focus on the quality of the goods and complying with ASTM International standards are driving the growth of the worldwide material testing market.

Material testing equipment calls are escalating in several industries involved with utilizing a range of raw materials and testing their mechanical strength to improve and continue to maintain quality. Moreover, continuous advancement and changes in the composites like the fashion of utilizing advanced materials are furthermore affecting the development of the industry. The implementation of material testing devices highly is in the automotive and construction businesses. The material testing software is also a major part of the system, where its implementation is advancing with the escalation of IoT, cloud, and big data analytics technologies. As these technologies have important implementation across businesses, so there is a requirement for advanced material testing software.

Worldwide testing machines are predicted to be one of the significant contributors to the global material testing market growth during the forecast period. The low-cost availability of the worldwide testing device and its high use in various industries to perform tensile, compression, and bend tests are driving the expansion of the global market. The precondition of advanced composites is to meet the standards with regards to the multiple industry verticals and have been escalating the test techniques on different composites thereby elevating the choosing of material testing kinds & devices across the businesses. 

MARKET RESTRAINTS

The significant restraining factor in the material testing industry is the wastage of material resources and the cost utilized on it. As the macroeconomic factors have a great impact on the material testing system, the economic turmoil such as in Europe had badly influenced the fund's scenario on the industry.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Material Testing Market Analysis By Type

Among these, the universal testing machines are widely used type due to their ability to perform compression tests, bent tests, and tensile tests for numerous materials. Also, the cheap cost of universal testing machines adds to its dominance in the global market.

Global Material Testing Market Analysis By End-use

Of the above-mentioned end-use industries educational institutions lead the market income, mainly due to the research activities funded by government agencies to research scholars in schools and universities for the development of higher quality materials and greater efficiency machines at a lower price.

Global Material Testing Market Analysis By Material

The demand for ceramic and composites in the aerospace & defense, automotive, and construction industries, due to its advanced material properties, makes it the fastest-growing material sector.

REGIONAL ANALYSIS

The Asia Pacific is predicted to be the leading region of the material testing market owing to quick industrialization and expansion of building and manufacturing businesses in the region. North America and Europe accounted for a significant share of the market share in terms of value in 2019. Hence, these are significant regions of the material testing industry. The material testing industry in the Asia Pacific is the biggest and quickest developing industry, due to the rising industrialization and escalating educational research work in this region.

North America had the second-highest worldwide material testing industry size in 2020 which is being followed up by the region Europe. The industry in both these regions is good and is estimated to have average expansion in the coming years, unlike the Asia Pacific region. The Middle East and Africa and Latin America regions, being in the low-growing nations owing to the contribution of low GDP nations, have lesser chances for market expansion. Therefore, the material testing industry in these regions is slowly developing by their nature.

KEY PLAYERS IN THE MATERIAL TESTING MARKET

Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), Tinius Olsen (US), Ametek (US), Aimil Ltd., Humboldt Mfg. Co., CMT Equipment, Qualitest International Inc., Canopus Instruments and ELE International are some of the major players in the global material testing market.

RECENT HAPPENINGS IN THE MARKET

• Rockwell Automation acquired an Emulate3D engineering software developer, to digitally simulate industrial automation systems, helping Rockwell Automation to digitally simulate the material testing, hence saving time and resources.
• Newly emerging range semiconductors show deviations in quantum properties when compared to their predecessors. Upon further testing and development, these semiconductors can be properly and fully utilized in electronics like LED lights and solar panels. 
• SGS Group (a leading company in testing and certification in the world, specializing in automotive, aerospace, and medical technology sectors), employs few sets of methods for detailed inspection of materials and parts using a DSX500 opto-digital microscope from Olympus to Enhance the efficiency of testing.

DETAILED SEGMENTATION OF THE GLOBAL MATERIAL TESTING MARKET INCLUDED IN THIS REPORT

This research report on the global material testing market has been segmented and sub-segmented based on type, end-use, material and region.

By Type

• Hardness Test Equipment 
• Universal Testing Machines
• Servo hydraulic Testing Machines

By End-use

• Construction
• Automotive
• Educational Institutions

By Material

• Metal
• Plastics
• Rubber
• Elastomer
• Ceramics and Composites

By Region

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus