The global structure tester market garnered USD 18 Billion in 2021 and is likely to exhibit a Y-o-Y increase of 8% to be valued at USD 19.44 Billion in 2022. Owing to the market upswing in the construction and aerospace industry in several countries, the market is likely to propel to USD 42 Billion by 2032, exhibiting a CAGR of 8%.
Rising application in the construction, aerospace, and energy industry is likely to push the growth of the structure tester market in the forecast period.
| Attributes | Details |
|---|---|
| Global Structure Tester Market CAGR (2022 to 2032) | 8% |
| Global Structure Tester Market (2022) | USD 19.44 Billion |
| Global Structure Tester Market (2032) | USD 42 Billion |
| Global Structure Tester Market Attraction | The mushrooming construction industry has an imperative role of structure testers in testing their functionality, thereby expected to drive the market in the forecast period. |
Globally, structure tester is widely used for predicting the product structure durability, verifying and validating the product, and others. Superstructural testing machines are vital to test equipment to learn the failure mechanisms of full-scale structures and components. Countries are pushing to develop super structural testing machines with large tonnage (load >10,000 kN).
However, owing to the complexity of the structure, it becomes difficult to get the appropriate results. The various tests performed by the Structure tester are the flight test support, static & fatigue, helicopter parts, hydraulic, catapult & arresting gear, coupon & component, and others. The Structure tester is equipped with software and programmed in such a way that it determines the actual real-world loading scenario on the system.
The Structure tester uses strain gages, data recording equipment, load calibration, history of recorded data for analysis, and others for analytical prediction. With the increasing regulation and continuous technological advancements in the Structure tester, the market for the Structure tester is expected to grow at a significant rate during the forecast period.
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With the rapid growth of the economy and the continuous progress of industrial technology, civil structures are becoming larger and more complicated. Large-scale joint tests, large-scale structural tests, and full-sized structural tests are essential for sophisticated structures. Therefore, an increasing number of super structural testing machines have been built around the world. Structure tester has application in various industries such as aerospace, energy, automotive, construction, and others. In the construction sector, the Structure tester is used for testing mechanical validation of enclosures, building system, waste channels, Structure bearings, grates, waste channels, and others.
It is also mandated to get EOTA approvals for Structure testing of reactive bridge components. These bodies and approvals are creating a huge demand for Structure testers in the construction sector. The booming automotive sector is also creating a significant demand for Structure testers during the forecast period.
The increasing demand from the aerospace and construction sector is fuelling the demand for Structure testers and significantly driving the global Structure tester market. The Structure tester is used to measure fatigue strength or static strength of a structure by applying measured load.
The stringent regulations and standards such as NASM, ASTM, CEN, ISO, and DIN are key factors driving the global Structure tester market during the forecast period. Other factors such as rapid urbanization, increasing infrastructure projects, the growing number of aircraft and automobiles, and others are expected to drive the Structure tester market during the forecast period.
Software failure and frequent updates in software are hampering the growth of the global Structure tester market during the forecast period. However, vendors are continuously focused on the development of advanced Structure testers with upgraded technologies to overcome the above challenge.
North America is expected to capture the largest share and the trend is expected to continue during the forecast period. The presence of a large number of manufacturers for aircraft and automotive is creating a huge demand for Structure testers in the USA Besides, the key players are making advanced developments to increase the testing capacity of the systems which is likely to expand their market size.
As per the recently published report by Future Market Insights, the aforementioned market for Structure Tester is anticipated to follow a CAGR of 8.2% throughout the forecast period (2022 to 2032).
In February 2021, materials testing equipment and software developer Instron announced the launch of the Torsion Add-On 3.0 for universal testing systems. The company has recently redesigned the system to enhance the functionality features offered by the new Instron 6800 series, this system offers a simpler, safer, and more intuitive user experience, while the capacity has been expanded to 100 KN.
The Structure tester market in the Asia Pacific excluding Japan is growing at a significant year-on-year growth rate due to the increasing construction activities in developing countries such as China and India. The Asia-Pacific testing market for building & construction is expected to gain market growth in the forecast period of 2022 to 2032, summarizes Future Market Insights report. The structure tester market is expected to grow at a CAGR of 7.3% across the Asia Pacific.
The market growth is attributed to the growing demand for structural safety in the building & construction industry. Prominent builders and contractors in the region adopt the structure testers as it helps to ensure strength bearing capacity of construction projects. Constant variation in the prices of testing methods can be restrained to the market and lack of testing facilities and skilled resources can be the challenge in the market.
In Aug 2019, ZwickRoell, a prominent leader in the testing systems market established a new facility in Singapore that combines a state-of-the-art Testing Laboratory, in the presence of specialists from key industries such as Academia, Metal, Plastics, Test Services, and Aerospace.
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Some of the key players in the Structure tester market are UEC-Aviadvigate, Illinois Tool Works Inc., Controls S.p.A., OLSON INSTRUMENTS Inc., and Humboldt Mfg. Co., Aimil Ltd., Applus, and others. Recent key developments among players include:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8% from 2022 to 2032 |
| Market Value in 2022 | USD 19.44 Billion |
| Market Value in 2032 | USD 42 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Industry, Component, Test, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | UEC-Aviadvigate; Illinois Tool Works Inc.; Controls S.p.A; Olson Instruments Inc.; Humboldt Mfg. Co.; Aimil Ltd.; Applus |
| Customization | Available Upon Request |
The global structure tester market is estimated to grow at a CAGR of 8% from 2022 to 2032
The North American market is expected to be the most opportunistic, expanding at an 8.2% CAGR from 2022 to 2032
UEC Aviadvigate, Illinois Tool Works Inc. and Controls S.p.Are some prominent structure tester manufacturers
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Structure Tester Market
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