Material Testing Market

Global Material Testing Market Size (2024 to 2032)

The size of the global material testing market is estimated to grow at a CAGR of 6.46% from 2024 to 2032 and be worth USD 1,223.33 million by 2032 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 material testing devices. 

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 major factors restraining the global material testing market include high initial investments, which restrict access to small enterprises, high costs associated with the equipment, and expensive maintenance, which hamper market growth.  The need for skilled staff, the technological complexity, and high competition among the market players, which affect the price ranges, are expected to hinder the market expansion. The presence of stringent regulatory requirements and guidelines raises the operational complexity and costs, limiting the market growth. The variations in the regulations and standards across different regions are challenging for the market players in enhancing the market revenue worldwide. The limited awareness regarding the benefits of material testing, the scope of testing services, and environmental issues due to the usage of various harmful chemicals during testing will impede the adoption of material testing, restricting the market size expansion. The wastage of material resources due to lengthy processes and failure cases leads to a waste of money and hampers the market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Material Testing Market Analysis By Type

The universal test equipment market dominated the global material testing market revenue due to its versatility. This equipment is highly adopted due to its ability to perform tensile, compression, and bend tests for various materials, which drives segment growth. The availability of universal test equipment at cost-effective properties and its wide adoption among various industries are majorly fueling the segment's growth, leading to market expansion. 

Hardness testing equipment is estimated to grow prominently in the forecast period due to its wide adoption in the construction, manufacturing, and metalworking industries. This equipment measures a material's resistance to permanent indentation, which fuels the segment's growth. 

The servo-hydraulic testing machines segment will grow steadily in the coming years, as they are commonly used in the aerospace and automotive industries to test materials' fatigue strength. 

Global Material Testing Market Analysis By End-use

The construction segment dominates the global market revenue with a significant share as the industry depends on a wide range of materials to ensure structural integrity and compliance with safety standards and longevity. The dependence on various materials is majorly driving the segment market revenue expansion. Material testing helps construction professionals predict the long-term performance of materials and identify potential weaknesses and other factors fueling the broad adoption of material testing in the construction industry. 

The educational institutions segment is projected to grow significantly in the coming years due to rising research activities by research scholars. The growing government support by funding research projects to develop and analyze material quality for sustainability in specific applications is driving the segment growth opportunities. 

Global Material Testing Market Analysis By Material

The metals segment dominated the global market revenue with a significant share as metals exhibit exceptional versatility, making them suitable for various applications across industries. The increased usage of metals in various industries, like aerospace and electronics, fuels the segment's growth. 

The ceramics and composites segment is expected to grow the fastest in the material testing market. The high demand for ceramics and composites in the aerospace, defense, automotive, and construction industries will drive segment growth in the coming years. 

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, 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