The global material tester market size is anticipated to reach a valuation of around US$ 800 million in 2023. Further, with the rising adoption of material testers across diverse industries including automotive, construction, and healthcare, the overall demand for material testers is slated to expand at a steady CAGR of 5.5% between 2023 and 2033, totaling over US$ 1366.5 million in 2033.
Material testers are testing equipment used to measure and determine the physical and mechanical properties of materials. They are being extensively used across industries like automotive, construction, healthcare, etc. to determine whether the tested objects comply with the required conditions and standards.
Material testers have become especially crucial for critical applications where failure can lead to extensive damage or loss. These material testers provide significant information to end users about the tested material, product sample, or prototypes, thereby enabling them to verify if the material is in compliance with the standards of regulatory bodies or not. Thus, they play a key role in improving safety and minimizing losses.
Implementation of various regulations and standards by regulatory bodies such as the International Organization for Standardization (ISO), Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), etc. is providing a key impetus to the growth of the material tester market. This trend is likely to continue during the forecast period as well.
The presence of testing standards such as ASTM F543 (test methods for metallic medical bone screws) and ISO 679 (determining flexural strength of cement and mortar) are prompting industries to use material testing machines.
Some of the most common tests performed by the material testers include tensile, compression, ductility, tensile strength, shear, bond strength, adhesion strength, compatibility, etc.
| Attribute | Details |
|---|---|
| Material Tester Market Estimated Value (2023) | US$ 800 million |
| Material Tester Market Projected Size (2033) | US$ 1366.5 million |
| Material Tester Market Anticipated Growth Rate (2023 to 2033) | 5.5% |
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The significant growth of the material tester market is attributable to:
Material testers have become highly sought-after testing equipment used over the years across diverse industries to measure the physical and mechanical properties of materials. They play a key role in failure analysis investigations to identify material compatibility, inadequate material, and defective products.
Material testers are used to examine various materials and products ranging from ceramics, plastics, and automotive parts to construction materials and medical implants. Also, they help end users in choosing the perfect material for the right application.
Demand for material testers is particularly high across the healthcare industry due to their increasing usage for determining the compatibility of materials intended to be used in medical devices and implants. Similarly, the increasing usage of material testers in the construction industry for testing properties of concrete, adhesives, mortar, ceramics, adhesives, sealants, pipes, etc. is expected to push the demand for material testers during the assessment period.
A few more factors such as increasing adulteration in food & beverages, use of alternate materials for construction, surge in automotive & aircraft manufacturing, and booming construction industry are likely to expand the material tester market size further during the forecast period.
There are various factors that are restraining the growth of the material tester market despite increasing adoption from various industries. Some of these factors include lack of skilled professionals, variation in standards and regulations across different regions, and high cost of material testing machines.
Principal Consultant
As per FMI, Asia Pacific Excluding Japan (APEJ) is projected to hold a substantial share of the global material tester market during the forecast period between 2023 and 2033. Growth in Asia Pacific Excluding Japan’s material tester market is driven by the factors such as:
Countries like China and India are experiencing high demand for material testers due to rapid industrialization and the implementation of stringent government regulations and standards. Most of the industries based in these countries utilize material testers to measure and determine the properties of materials for improving their quality.The market in China is anticipated to expand at a CAGR of 5.2%.
North America, spearheaded by the United States accounts for a significant share of the global material tester market and is likely to witness high demand for material testers during the forecast period, owing to the:
Most of the material tester sales remain concentrated in the United States due to the significant growth of the construction industry, availability of advanced material testing technologies, and increasing applications of material testing machines in different sectors. These sectors include the healthcare, food packaging, and research and development laboratories.
The presence of various regulatory bodies and the implementation of stringent regulations will further push the demand for material testers in the region during the forecast period.North America accounted for a market share of 30% in 2022.
As a result of the emphasis on food safety, the requirement for destructive testing has reached an all-time high. Further, Companies in the industry have stepped up their game by introducing innovative solutions to avoid food spoilage and microbiological dangers.
Food specialists are becoming interested in learning about the various qualities of food. Destructive testing provides information about a food item's formulation, form, physiochemical qualities, and sensory properties. The destructive test segment is projected to have a CAGR of 6% by 2033.
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Some of the leading manufacturers of material tester include Humboldt Mfg. Co., Aimil Ltd., Matest, EIE Instruments, Controls Group, Torontech Inc., Materials Testing Equipment LTD, FilWEB, AMETEK Inc., Cooper Research Technology Ltd., and others.
Leading players in the market are focused on introducing novel material testing machines with efficient features and enhanced software capabilities such as analytical analysis, and others.
Market players have adopted various strategies such as new product launches, price reduction, partnerships, acquisitions, collaborations, and establishment of new manufacturing and distribution facilities across attractive markets. Through these strategies, they expand their global footprint and gain a competitive edge in the global material tester market. For instance,
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Market Estimated Value (2023) | US$ 800 million |
| Projected Market Size (2033) | US$ 1366.5 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
The market is estimated to secure a valuation of US$ 800 million in 2023.
The growth potential of the market is 5.5% through 2033.
The global market size to reach US$ 1366.5 million by 2033.
Aimil Ltd., Matest, and EIE Instruments are key market players.
North America’s market expanded at a market share of 30% in 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Test Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Test Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Test Type, 2023 to 2033
5.3.1. Destructive test
5.3.2. Non-destructive test
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Test Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Test Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033
6.3.1. Universal testing machine
6.3.2. Hardness testing machine
6.3.3. Servo-hydraulic testing machine
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by End Use, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by End Use, 2023 to 2033
7.3.1. Construction
7.3.2. Automotive
7.3.3. Healthcare
7.3.4. Pharmaceutical
7.3.5. Educational
7.3.6. R&D Laboratories
7.3.7. Others
7.4. Y-o-Y Growth Trend Analysis by End Use, 2018 to 2022
7.5. Absolute $ Opportunity Analysis by End Use, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Test Type
9.2.3. By Product Type
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Test Type
9.3.3. By Product Type
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Test Type
10.2.3. By Product Type
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Test Type
10.3.3. By Product Type
10.3.4. By End Use
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Test Type
11.2.3. By Product Type
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Test Type
11.3.3. By Product Type
11.3.4. By End Use
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Test Type
12.2.3. By Product Type
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Test Type
12.3.3. By Product Type
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Test Type
13.2.3. By Product Type
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Test Type
13.3.3. By Product Type
13.3.4. By End Use
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Test Type
14.2.3. By Product Type
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Test Type
14.3.3. By Product Type
14.3.4. By End Use
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Test Type
15.2.3. By Product Type
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Test Type
15.3.3. By Product Type
15.3.4. By End Use
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Test Type
16.1.2.2. By Product Type
16.1.2.3. By End Use
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Test Type
16.2.2.2. By Product Type
16.2.2.3. By End Use
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Test Type
16.3.2.2. By Product Type
16.3.2.3. By End Use
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Test Type
16.4.2.2. By Product Type
16.4.2.3. By End Use
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Test Type
16.5.2.2. By Product Type
16.5.2.3. By End Use
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Test Type
16.6.2.2. By Product Type
16.6.2.3. By End Use
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Test Type
16.7.2.2. By Product Type
16.7.2.3. By End Use
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Test Type
16.8.2.2. By Product Type
16.8.2.3. By End Use
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Test Type
16.9.2.2. By Product Type
16.9.2.3. By End Use
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Test Type
16.10.2.2. By Product Type
16.10.2.3. By End Use
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Test Type
16.11.2.2. By Product Type
16.11.2.3. By End Use
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Test Type
16.12.2.2. By Product Type
16.12.2.3. By End Use
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Test Type
16.13.2.2. By Product Type
16.13.2.3. By End Use
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Test Type
16.14.2.2. By Product Type
16.14.2.3. By End Use
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Test Type
16.15.2.2. By Product Type
16.15.2.3. By End Use
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Test Type
16.16.2.2. By Product Type
16.16.2.3. By End Use
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Test Type
16.17.2.2. By Product Type
16.17.2.3. By End Use
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Test Type
16.18.2.2. By Product Type
16.18.2.3. By End Use
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Test Type
16.19.2.2. By Product Type
16.19.2.3. By End Use
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Test Type
16.20.2.2. By Product Type
16.20.2.3. By End Use
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Test Type
16.21.2.2. By Product Type
16.21.2.3. By End Use
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Test Type
16.22.2.2. By Product Type
16.22.2.3. By End Use
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Test Type
16.23.2.2. By Product Type
16.23.2.3. By End Use
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Test Type
17.3.3. By Product Type
17.3.4. By End Use
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Humboldt Mfg. Co.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Aimil Ltd.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Matest
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. EIE Instruments
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Controls Group
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Torontech Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Materials Testing Equipment LTD
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. FilWEB
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. AMETEK Inc.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Cooper Research Technology Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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