Europe Universal Testing Machine Market Insights, Forecast to 2028
Market Analysis and Insights: Europe Universal Testing Machine Market
Due to the COVID-19 pandemic, the Europe Universal Testing Machine market size is estimated to be worth US$ 89.65 million in 2022 and is forecast to a readjusted size of US$ 107.40 million by 2028 with a CAGR of 3.06% during the review period. Fully considering the economic change by this health crisis, Electromechanical UTM accounting for 65.76% of the Universal Testing Machine Europe market in 2021, is projected to value US$ 70.46 million by 2028, growing at a revised 2.99% CAGR in the post-COVID-19 period. While Automobile Manufacturing segment is altered to a 3.23% CAGR throughout this forecast period.
In Europe, the key manufacturers of Universal Testing Machine include Illinois Tool Work, ZwickRoell, GALDABINI, Hegewald & Peschke, FORM+TEST, 3R and Walter+Bai AG etc. In 2021, the Europe top five players have a share approximately 63.98% in terms of revenue.
Europe Universal Testing Machine Scope and Segment
Universal Testing Machine market is segmented by Type, and by Application. Players, stakeholders, and other participants in the Europe Universal Testing Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
Illinois Tool Work
ZwickRoell
GALDABINI
Hegewald & Peschke
FORM+TEST
3R
Walter+Bai AG
HOYTOM
VECTOR
AMETEK Sensors, Test & Calibration
STEP LAB
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
Segment by Type
Electromechanical UTM
Hydraulic UTM
Segment by Application
Automobile Manufacturing
Aviation and Military
Universities, Research laboratories and Institutes
Electronics
Metallurgical Smelting
Others
Segment by Country/Region
Germany
France
UK
Italy
Russia
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