Global Material Testing Market is Expected to Generate Huge Profits by 2022
The report [123 pages] "Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022", The material testing market is estimated at USD 633.6 Million in 2017, and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Material Testing Market, By Type
7 Material Testing Market, By Material
8 Material Testing Market, By End-Use Industry
9 Material Testing Market, By Region
10 Competitive Landscape
11 Company Profile
12 Appendix
https://www.prnewswire.com/news-releases/material-testing-market-worth-7857-million-usd-by-2022-670882373.html
Key players operating in the Material Testing Market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the Material Testing Market.
Based on type, the material testing market has been segmented into universal testing machines, servohydraulic testing machines, hardness test equipment, and impact test equipment. Universal testing machines is the largest type due to its ability to perform tensile, compression, and bend tests for various materials. The cheap availability of universal testing machine and its wide usage in various industries are the major reasons for the high growth rate of universal testing machines in the market.
Ceramics and composites is expected to be the fastest-growing material segment of the material testing market. It is majorly due to its high demand from aerospace & defense, automotive, and construction industries. There is high demand for ceramics and composites materials in these industries due to its advanced material properties.
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