Global Extensometer Market (Value, Volume) – Analysis By Product, Chamber Testing Process, Application, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)
Executive Summary
According to Azoth Analytics research report, the Global Extensometer Market was valued at USD 1406.37 Million in the year 2021 with the Asia Pacific region leading the regional market share. The extensometer market is primarily driven by the growth of the industry due to its usage in a variety of tensile tests which can be used to determine the yield and tensile strength, elongation, as well as strain ratio. Moreover, their wide usage in a variety of industries such as the geotechnical environment for various mining fields is pushing the growth of the market for extensometers. Moreover, with rapid urbanization and an increase in urban population, there has been a growth in manufacturing hubs worldwide pushing the market for extensometers globally. Additionally, the demand for natural resources is estimated to increase the demand for mining equipment for various survey and measurement applications.
The covid-19 had a massive impact on the global Extensometer market. There has been an overall lockdown in various industries such as the mining and construction sectors which have been affected due to disruptions caused by COVID-19. All these led to a substantial reduction in the market growth of extensometer. However, as the world bounced back after the lockdown, there is an anticipation of increased demand for extensometer.
Scope of the Report
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