Shear Testing Equipment Market

Shear Testing Equipment Market Snapshot (2022 to 2032)

The global demand for shear equipment is projected to grow at a CAGR of around 3.3% to 3.6% during the forecast period from 2022 to 2032. Rapid adoption of shear testing equipment across manufacturing industry, research laboratories, and educational institutes is a key factor driving the global shear testing equipment market.

Report Attribute	Details
Shear Testing Equipment Market Projected Growth Rate (2022 to 2032)	3.3% - 3.6% CAGR
Shear Testing Equipment Market Estimated Value (2022)	USD 400 Million
Shear Testing Equipment Market Projected Value (2032)	USD 550 Million

Rising need for ensuring the optimum quality and uniformity of materials before using them has brought the shear testing equipment market into the limelight during the last few decades.

Shear testing equipment are universal testing machines designed for evaluating the shear strength or maximum shear stress of materials such as metals, ceramics, adhesives, composite substrates, and others.

Growing demand for these materials across various industries coupled with increasing need for maintaining industrial standards will boost the market. Additionally, need for ensuring strength and load bearing capacity of these materials is expected to boost the sales of shear testing equipment during the forecast period.

There are various shear testing equipment's available in the market for testing materials such as rigid substrates, layered composites, and adhesives. Moreover, manufacturers are now offering customizable products to their customers to increase their revenue. This will help them to expand their customer base as well during the forecast period.

Which are the Key Trends in the Global Shear Testing Equipment Market?

Rising application of shear testing equipment for avoiding the failure or rupture of materials is one of the primary factor propelling the growth in the market. Besides this, growing popularity of automatic shear testing equipment, and presence of stringent regulations will also drive the growth in the global shear testing equipment market

Shear testing has become one of the most commonly used techniques for checking the strength of materials like adhesives, metals, plastics etc. For this purpose, end users employ shear testing machines or equipment. Hence, increasing production and consumption of these materials will boost the growth of shear testing equipment market.

Similarly, need for performing shear tests of soil in different construction projects such as pavements, roads, dams, excavations, etc. is increasing. This is likely to facilitate the growth in shear testing equipment market during the assessment period.

In addition to this, introduction of new stringent regulations and research and development activities in laboratories and research institutes will create lucrative opportunities for shear testing equipment manufacturers.

What are the Factors Restraining the Growth in Shear Testing Equipment Market?

Despite positive growth projections, there are certain factors that are restraining the growth of shear testing equipment market. Some of these factors include higher costs of shear testing equipment and lack of technical knowledge required for using shear testing equipment.

Why is North America Considered a Prominent Market for Shear Testing Equipment?

As per FMI, North America is expected to dominate the global market for shear testing equipment in 2022 and is likely to remain at its top position during the forecast period. Growth in the North America shear testing equipment market is driven by rapid industrialization, increasing spending on research and development, and presence of stringent product safety regulations.

Countries such as the USA and Canada are witnessing high demand for shear testing equipment due to expansion of construction industry and increasing research and development activities.

According to the United States Census Bureau, construction spending in the USA reached around USD1,744.8 billion in April 2022. This, in turn, is creating demand for construction materials like adhesives, metals, plastics etc.

As these materials often go through shear testing before usage, surge in their production and consumption will eventually push the demand for shear testing equipment in the region during the forecast period.

Furthermore, strong presence of leading shear equipment manufacturers is positively impacting the North American shear testing equipment market.

How Big is the Opportunity for Asia Pacific Shear Testing Equipment Market?

According to Future Market Insights, demand for shear testing equipment across Asia Pacific is projected to increase at a significant pace during the forecast period between 2022 and 2032. This is owing to the rapid industrialization across countries such as China and India.

Another factor propelling the growth is increasing investments in construction activities, and growing need for improving the quality of products.

Over the years, China has become one of fastest growing markets for shear testing machines and the trend is likely to continue during the forecast period. The country has a strong base of manufacturing industries like automotive and electronics.

These industries often use shear testing for measuring the shear strength and performance of materials. This is acting as a catalyst for the growth of shear testing equipment market in the region.

Market Competition

Some of the key participants present in the global shear testing equipment market include AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., Shimadzu Corporation, HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation among others.

Leading players are aiming at introducing innovative products to cater to the changing demands of end users. They are likely to adopt strategies such as product launches, partnerships, mergers, and collaborations to gain a competitive edge in the shear testing equipment market

Companies like Controls S.p.A. and AMETEK Inc., are becoming global leaders in shear testing equipment. They are focused on developing automatic shear testing equipment with high performance, better accuracy and fast nature. Products like SHEARMATIC EmS, an automatic shear testing machine launched by Controls S.p.A., are gaining immense popularity among end users.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 3.3% - 3 .6% from 2022 to 2032
Market Estimated Value (2022)	USD 400 Million
Market Projected Value (2032)	USD 550 Million
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
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., Shimadzu Corporation, HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation
Customization	Available Upon Request

Key Segments Profiled in the Shear testing equipment Industry Survey

By Equipment Type:

• Automatic Shear Testing Equipment
• Residual Shear Testing Equipment
• Others

By End Use:

• Manufacturing Industries
• Research Laboratories
• Educational Institutes
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the demand outlook for the global shear testing equipment market?

As per FMI, demand in the global shear testing equipment market is set to grow at around 3.3% to 3.6% CAGR during the forecast period (2022 to 2032)

Which is the most dominant shear testing equipment market?

North America will remain the most dominant shear equipment market during the forecast period.

Which are some prominent shear testing equipment manufacturers?

AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation some prominent shear testing equipment manufacturers