Global $785 Million Material Testing Market 2018 with Forecasts to 2022 - Economic Benefits Associated with ASTM Standards - ResearchAndMarkets.com

DUBLIN--()--The "Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The material testing market is estimated at USD 633.6 Million in 2017 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022.

The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

The material testing market in Asia Pacific is the largest and fastest-growing market, owing to the growing industrialization and increasing educational research activities in this region.

The key restraining factor in the material testing market is the wastage of material resources and amount spent on it. Companies such as Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), Tinius Olsen (US), Ametek (US), and others are engaged in new product launches, mergers & acquisitions, and investments & expansions to enhance their foothold in the market.

Market Dynamics

Drivers

  • Growing Importance of Manufacturing Quality Products
  • Economic Benefits Associated With ASTM Standards

Restraints

  • Wastage of Resources in Destructive Testing

Opportunities

  • Growing Demand From Composite and Plastic Processing Industries

Challenges

  • Political and Economic Uncertainties

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Material Testing Market, by Type

7 Material Testing Market, by Material

8 Material Testing Market, by End-Use Industry

9 Material Testing Market, by Region

10 Competitive Landscape

11 Company Profile

  • ADMET
  • Ametek
  • Applied Test Systems
  • ETS Intarlaken
  • Hegewald & Peschke
  • Instron
  • Mitutoyo
  • MTS Systems
  • Qualitest International
  • Shimadzu
  • Struers
  • TA Instruments
  • Tinius Olsen
  • Torontech
  • Zwick Roell

For more information about this report visit https://www.researchandmarkets.com/research/6tdjrr/global_785?w=4

Contacts

ResearchAndMarkets.com
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Related Topics: Mechanical Engineering

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Mechanical Engineering