[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 |
|
| 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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