Global Universal Testing Machine Market Growth 2023-2029

Global Universal Testing Machine Market Growth 2023-2029

A universal testing machine is used to subject a material sample or structure to either tension or compression for the purposes of experimentally determining certain engineering properties or characteristics, other functions such as bending, shear. These properties generally deal with the yield strength of a material, ultimate or failure strength or a material or structure, or the stiffness and ductility of a material.

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

This Insight Report provides a comprehensive analysis of the global Universal Testing Machine 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 Universal Testing Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Universal Testing Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Universal Testing Machine 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 Universal Testing Machine.

The global Universal Testing Machine market size is projected to grow from US$ 405.2 million in 2022 to US$ 553.8 million in 2029; it is expected to grow at a CAGR of 553.8 from 2023 to 2029.

Global Universal Testing Machine key players include MTS, INSTRON, JINAN SHIJIN GROUP, Zwick/Roell, Shimadzu, etc. Global top five manufacturers hold a share over 45%. North America is the largest market, with a share over 30%, followed by China and Europe, both have a share over 55%. In terms of product, Hydraulic UTM is the largest segment, with a share over 65%. And in terms of application, the largest application is Automobile Manufacturing, with a share over 16%

This report presents a comprehensive overview, market shares, and growth opportunities of Universal Testing Machine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Electromechanical UTM

Hydraulic UTM

Segmentation by application

Automobile Manufacturing

Aviation and Military

Universities, Research laboratories and Institutes

Electronics

Metallurgical Smelting

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.

ZwickRoell

MTS Systems

Instron

GALDABINI

Hegewald & Peschke

FORM+TEST

3R

Walter+Bai AG

HOYTOM

VECTOR

AMETEK Sensors, Test & Calibration

STEP LAB

Shimadzu

Tinius Olsen

IBERTEST

Jinan Tianchen Testing Machine Manufacturing

TesT GmbH

LBG Srl

Laizhou Huayin Testing Instrument

Shandong Drick Instruments

SCITEQ

Applied Test Systems

Kehui Group

Shanghai Hualong Test Instruments

Ji'nan Shijin Group

Suns

Changchun Kexin Test Instrument

WANCE Group

ADMET

Torontech Group

KLA-Tencor

Qualitest International

Tianshui Hongshan Testing Machine

Shenzhen Reger

Hung Ta Instrument

Jinan Fine Testing Instrument

Jinan Liangong Testing Technology

Jinan Heng Rui Jin Testing Machine

Key Questions Addressed in this Report

What is the 10-year outlook for the global Universal Testing Machine market?

What factors are driving Universal Testing Machine market growth, globally and by region?

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

How do Universal Testing Machine market opportunities vary by end market size?

How does Universal Testing Machine 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.