Mechanical Testing Equipment Market

Mechanical Testing Equipment Market (2022 to 2032)

The global Mechanical Testing Equipment Market is estimated total USD 6 Billion by 2022, projecting growth at a remarkable CAGR of around 12% to 13% during the forecast period 2022-2032. The sales of mechanical testing equipment are expected to exceed USD 7 Billion by the end of 2032, in comparison to the USD 5.8 Billion registered in the year 2021.

Report Attribute	Details
Mechanical Testing Equipment Market Value (2021)	USD 5.8 Billion
Mechanical Testing Equipment Market Estimated Value (2022)	USD 6 Billion
Mechanical Testing Equipment Market Anticipated Value (2032)	USD 7 Billion
Mechanical Testing Equipment Market Projected Growth Rate (2022 to 2032)	12% to 13% CAGR

Mechanical testing equipments are machines used to assess the mechanical properties of different materials. These machines are used during mechanical testing for measuring aspects such as breaking point, tensile strength, adhesion, compression strength, and others.

Mechanical tests use torsion, tension, vibrations, drop (shock), and shearing forces among others on samples and are generally conducted in quality testing laboratories using mechanical testing instruments such as universal testing machines.

Which are Some Prominent Drivers Spearheading Mechanical Testing Equipment Market Growth?

As the trend of industrialization continues to create deeper inroad, a substantial rise in manufacturer activities is being witnessed, especially across emerging economies such as China, India, Australia, Brazil, and others.

With rising rate of production, it is becoming crucial for manufacturers to integrate mechanical testing equipments in manufacturing processes to maintain and control the quality of the products.

Physical and mechanical tests are of great importance for the purpose of quality control in manufacturing industries as well as assess the product damage after accidents. Thus, growing adoption of quality control and quality assurance process across the industrial manufacturing sector is estimated to create high revenue generation opportunities in the global market.

What are the Challenges Faced by the Mechanical Testing Equipment Market?

Extravagant initial cost of mechanical testing equipments, high installation cost, and high cost of maintenance are the factors hindering the sales in the market. In addition to this, need for skilled professionals and stringent regulations & standards for mechanical testing across various countries are restraining the growth in the global market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Mechanical Testing Equipment Market?

FMI reveals that Asia Pacific excluding Japan is estimated to emerge as the most lucrative market for mechanical testing equipment during the forecast period 2022-2032.

Due to the surging trend of urbanization and growing emphasis on sustainable infrastructure developments, a rapid surge in building and construction activities is being witnessed across Asia Pacific.

Hence, governments in several countries are aiming on undertaking numerous initiatives for urbanizing rural areas and constructing smart cities.

For instance, according to a study by the India Brand Equity Foundation, the Indian Government announced allocating around USD 868 Million under the country’s Smart City Mission to build more than 100 smart cities across India for the period 2021-2022.

As mechanical testing equipment plays a critical role in testing the durability, strength, and safety of material used in building activities, such rise in construction activities will bolster the sales in the market.

How is North America Contributing to the Growth of the Chemical Analyzer Market?

As per Future Market Insights, North America is expected to account for a significant share in the global mechanical testing equipment market between 2022 and 2032.

Mechanical testing equipment is finding a wide array of usages in the manufacturing industry for various applications ranging from determining the strength of a bridge to the elasticity of a rubber band.

These equipments are increasingly gaining popularity for the testing of packaging materials for food & beverages, industrial goods, medical & pharmaceutical products, and others.

They are extensively used in testing various parameters such as elasticity, flexibility, rigidity, adhesion shock, vibration, tensile, and shear tests of packaging solutions. This is expected to favor the demand for mechanical testing equipments in the North America market.

Market Competition

Some of the leading players in the mechanical testing equipment market are Torontech Group International, AMETEK, Shimadzu, Applied Test Systems, Hegewald & Peschke, INSTRON, Zwick/ Roell, MTS Systems, and others.

The market is highly competitive attributed to the presence of such a large number of participants and increasing adoption of product launch and collaboration, partnership, and acquisition strategies.

Scope of Report

Report Attribute	Details
Growth Rate	CAGR of 12% to 13% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Equipment Type, End Use, Region
Countries Covered	North America; Latin America; Europe; CIS & Russia; APEJ; Japan; Middle East and Africa
Key Companies Profiled	Torontech Group International; AMETEK; Shimadzu; Applied Test Systems; Hegewald & Peschke; INSTRON; Zwick/ Roell; MTS Systems; Others
Customization	Available Upon Request

Key Segments Profiled in the Mechanical Testing Equipment Market Survey

By Equipment Type:

• Universal Testing Machine
• Fatigue Testing Machine
• Special Testing Machine

By End Use:

• Manufacturing
• Civil Engineering
• Pharmaceutical Industry
• Scientific Institutions
• Others

By Region:

• North America
• Latin America
• Europe
• CIS & Russia
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

How is the Mechanical Testing Equipment Market Growing?

The mechanical testing equipment market is predicted to grow at 12.1% CAGR through 2032.

Which Region Holds the Highest Revenue Potential in the Mechanical Testing Equipment Market?

Asia Pacific mechanical testing equipment market holds the highest revenue potential.

What is the Future Scope of Growth for the Mechanical Testing Equipment Market?

The mechanical testing equipment market is expected to surpass USD 7 Billion by 2032

What is the Current Mechanical Testing Equipment Market Size?

The mechanical testing equipment market size is anticipated to be over USD 6 Billion in 2022.