Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global material testing market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

Material testing refers to the technique of measuring the physical, structural and mechanical properties of various materials and components. It is used for analyzing the behavior of metals, ceramics and plastics, under different conditions and for assessing if they are in optimal condition. Material testing can be classified as mechanical testing; thermal testing; resistance testing against corrosion, radiation and biological deterioration; and nondestructive testing. These tests are majorly conducted through universal, servo-hydraulic, hardness and impact test machines and are used for production, quality control, research, and laboratory applications. As a result, material testing finds extensive applications across various industries, such as automotive, aerospace & defense, construction, education, energy & power and oil & gas.

Material Testing Market Trends:

Rapid industrialization, along with significant growth in the construction sector, is one of the key factors creating a positive outlook for the market. Raw materials are tested for their mechanical properties to maintain or improve the quality of the products. For instance, in the construction industry, materials, such as adhesives, sealants, concretes, mortar, ceramics, slates, stones and pipes, are tested to check if they have the desired properties. In line with this, the manufacturing of innovative composites across various industries is also contributing to the market growth. Several technological advancements, such as the development of testing equipment with multi-stage testing capabilities and picture-video capture functionalities, are favoring the market growth. Other factors, including increasing product adoption by the medical sector to test material integrity, surface morphology and adhesion capacities, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global material testing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material and end use industry.

Breakup by Type:

Universal Testing Machines
Servohydraulic Testing Machines
Hardness Testing Machines
Impact Testing Machines
Non-Destructive Testing Machines

Breakup by Material:

Metals and Alloys
Plastics
Rubber and Elastomers
Ceramics and Composites
Others

Breakup by End Use Industry:

Automotive
Construction
Education
Aerospace and Defense
Oil and Gas
Energy and Power
Others

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Admet Inc., Ametek Inc., Applied Test Systems LLC, Illinois Tool Works Inc., Labquip, Mistras Group Inc., Mitutoyo Corporation, MTS Systems Corporation, Shimadzu Corporation, Tinius Olsen Ltd., Wirsam Scientific and ZwickRoell AG.

Key Questions Answered in This Report:

What is the market size for the global material testing market?

What is the global material testing market growth?

What are the global material testing market drivers?

What are the key industry trends in the global material testing market?

What is the impact of COVID-19 on the global material testing market?

What is the global material testing market breakup by type?

What is the global material testing market breakup by material?

What is the global material testing market breakup by end use industry?

What are the major regions in the global material testing market?

Who are the key companies/players in the global material testing market?