Global Mechanical Test Equipment Market Growth 2023-2029

Global Mechanical Test Equipment Market Growth 2023-2029

Mechanical testing reveals the elastic and inelastic behavior of a material when force is applied. A mechanical test shows whether a material or part is suitable for its intended mechanical applications by measuring elasticity, tensile strength, elongation, hardness, fracture toughness, impact resistance, stress rupture, and fatigue limit.

LPI (LP Information)' newest research report, the “Mechanical Test Equipment Industry Forecast” looks at past sales and reviews total world Mechanical Test Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Mechanical Test Equipment sales for 2023 through 2029. With Mechanical Test Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mechanical Test Equipment industry.

This Insight Report provides a comprehensive analysis of the global Mechanical Test Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mechanical Test Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Mechanical Test Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mechanical Test Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mechanical Test Equipment.

The global Mechanical Test Equipment market size is projected to grow from US$ 2843 million in 2022 to US$ 3623.7 million in 2029; it is expected to grow at a CAGR of 3623.7 from 2023 to 2029.

Global Mechanical Test Equipment key players include MTS, Shimadzu, ZwickRoell, Instron Corporation, Hegewald & Peschke, etc. Global top five manufacturers hold a share about 55%.

Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America, both have a share about 45 percent.

In terms of product, Special Testing Machine is the largest segment, with a share about 45%. And in terms of application, the largest application is Manufacturing, followed by Scientific Institutions.

This report presents a comprehensive overview, market shares, and growth opportunities of Mechanical Test Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Universal Testing Machine

Fatigue Testing Machine

Special Testing Machine

Segmentation by application

Manufacturing

Civil Engineering

Pharmaceutical Industry

Scientific Institutions

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

MTS

Shimadzu

ZwickRoell

Instron Corporation

Hegewald & Peschke

Ametek

CIMACH

Tinius Olsen

SUNS

Emerson Apparatus

Jinan Shijin Group Co., Ltd

Changchun Kexin Test Instrument Co., Ltd

Shanghai Hualong Test Instrumens

Hung Ta Instrument

Applied Test Systems

Torontech Group International

ADMET

Jinan Heng Rui Jin Testing Machine Co., Ltd

Buehler

LiShi Instruments

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mechanical Test Equipment market?

What factors are driving Mechanical Test Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mechanical Test Equipment market opportunities vary by end market size?

How does Mechanical Test Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.