[250 Pages Report] 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) | US$ 400 Million |
| Shear Testing Equipment Market Projected Value (2032) | US$ 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.
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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.
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.
Principal Consultant
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 U.S. 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 U.S. reached around US$1,744.8 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.
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.
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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 Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.3% - 3 .6% from 2022 to 2032 |
| Market Estimated Value (2022) | US$ 400 Million |
| Market Projected Value (2032) | US$ 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 |
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| Regions Covered |
|
| Key Countries Profiled |
|
| 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 |
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 (2022-2032)
North America will remain the most dominant shear equipment market during the forecast period.
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
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. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Shear Testing Equipment Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Equipment Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Equipment Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Equipment Type, 2022-2032 5.3.1. Automatic Shear Testing Equipment 5.3.2. Residual Shear Testing Equipment 5.3.3. Others 5.4. Y-o-Y Growth Trend Analysis By Equipment Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Equipment Type, 2022-2032 6. Global Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Use, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Use, 2022-2032 6.3.1. Manufacturing Industries 6.3.2. Research Laboratories 6.3.3. Educational Institutes 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 6.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 7. Global Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Equipment Type 8.2.3. By End Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Equipment Type 8.3.3. By End Use 8.4. Key Takeaways 9. Latin America Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Argentina 9.2.1.4. Chile 9.2.1.5. Peru 9.2.1.6. Rest of Latin America 9.2.2. By Equipment Type 9.2.3. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Equipment Type 9.3.3. By End Use 9.4. Key Takeaways 10. Europe Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. U.K. 10.2.1.5. Spain 10.2.1.6. Russia 10.2.1.7. BENELUX 10.2.1.8. Rest of Europe 10.2.2. By Equipment Type 10.2.3. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Equipment Type 10.3.3. By End Use 10.4. Key Takeaways 11. Asia Pacific Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Rest of Asia Pacific 11.2.2. By Equipment Type 11.2.3. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Equipment Type 11.3.3. By End Use 11.4. Key Takeaways 12. Middle East and Africa Shear Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Turkey 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Equipment Type 12.2.3. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Equipment Type 12.3.3. By End Use 12.4. Key Takeaways 13. Key Countries Shear Testing Equipment Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Equipment Type 13.1.2.2. By End Use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Equipment Type 13.2.2.2. By End Use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Equipment Type 13.3.2.2. By End Use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Equipment Type 13.4.2.2. By End Use 13.5. Argentina 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Equipment Type 13.5.2.2. By End Use 13.6. Chile 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Equipment Type 13.6.2.2. By End Use 13.7. Peru 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Equipment Type 13.7.2.2. By End Use 13.8. Germany 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Equipment Type 13.8.2.2. By End Use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Equipment Type 13.9.2.2. By End Use 13.10. France 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Equipment Type 13.10.2.2. By End Use 13.11. U.K. 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Equipment Type 13.11.2.2. By End Use 13.12. Spain 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Equipment Type 13.12.2.2. By End Use 13.13. Russia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Equipment Type 13.13.2.2. By End Use 13.14. BENELUX 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Equipment Type 13.14.2.2. By End Use 13.15. China 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Equipment Type 13.15.2.2. By End Use 13.16. Japan 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Equipment Type 13.16.2.2. By End Use 13.17. South Korea 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Equipment Type 13.17.2.2. By End Use 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Equipment Type 13.18.2.2. By End Use 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Equipment Type 13.19.2.2. By End Use 13.20. Turkey 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Equipment Type 13.20.2.2. By End Use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Equipment Type 14.3.3. By End Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Humboldt Mfg. Co 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. AMETEK 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Controls S.p.A 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Prolific Engineers 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Shimadzu Corporation 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. HOVERLABS 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. EIE INSTRUMENTS 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Nordson Corporation 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Industrial Automation
June 2024
REP-GB-8557
307 pages
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Shear Testing Equipment Market
