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Analysis of the Global Material Testing Equipment Market

  • November 2015
  • -
  • Frost & Sullivan
  • -
  • 110 pages

Pushing Though Despite Economic and Technological Obstacles

Owing to concerns over the global economy, the material test equipment market has witnessed a gradual slowdown. However, a strong performance from the automotive industry is expected to revive this industry in the mid-term of the forecast period. The rate of technological evolution of these systems still remains a concern. As manufacturing graduates toward concepts such as smart manufacturing and Industry 4.0, the ability of these systems to keep pace with these changes is questionable and could impact the long-term growth prospects of this market.

Key Findings
Despite headwinds market moves ahead at % CAGR.
The market has been exposed to several high-risk factors such as the global economic instability, turbulent oil prices, and geopolitical factors; however, the market continues to exhibit stable growth.
The automobile industry has benefitted from reduced oil prices.
The automotive industry was the single largest revenue contributor to this market in 2014 with %.
Lower fuel price has improved consumer spending and has led to more discretionary spending.
Asia-Pacific continues to shift market away from Europe and North America.
Although the US market has stabilized to some extent, Asia-Pacific, particularly India and China, continues to take market share away from the developed economies.
The preference is for automated solutions.
Improving the quality of management programs, due to rising concerns about maximizing productivity and product quality, is seeing growing adoption of fully-automated material testing systems.
New materials create new opportunities.
Material test equipment plays a critical role in material technology research and leads to the emergence of light substitute materials, such as composites, smart materials, and biomaterials.

Market Definitions
Material or mechanical testing refers to a number of techniques that are employed to determine the physical properties of materials or components. Quality control procedures require materials to be tested for hardness, creep, torsion, fatigue, strength, tension, and compression. The testing techniques examined in this research service can be termed as destructive testing. The application of such testing techniques has become increasingly inherent within all manufacturing processes. Materials that undergo mechanical testing include: ferrous and non-ferrous metals, plastics, composites, ceramics, rubber, glass, paper, wool, cement, asphalt, wood, stone, and many others.

For the purpose of this study, the material testing equipment market has been segmented into four product types:
- Universal testing machines
- Servohydraulic testing machines
- Hardness test equipment
- Impact test equipment

Universal Testing Machines
Universal testing machines (UTMs) include versatile mechanical testing equipment used to subject a material sample or structure to either tension or compression for the purpose of experimentally determining certain engineering characteristics or mechanical properties. These properties typically include yield strength, ultimate or failure strength, or the stiffness and ductility of a material. Some of the common tests that are done in a UTM are tensile tests, flexural tests, compression tests, and shear tests. There are two types of UTMs:

- Electromechanical/Screw-driven testers
- Static hydraulic testers

Servohydraulic Testing Machines
A servohydraulic testing machine is used for dynamic or fatigue testing. Tests include low-cycle and highcycle fatigue testing and fracture toughness, among others. The servohydraulic testing machine consists of an actuator that is operated and hydraulically-fitted into a load frame that has high stiffness to apply the load to the specimen. A servohydraulic testing machine consists of a moving element, such as a crosshead, that is driven hydraulically to provide tension and compression forces against a fixed reactor.

Table Of Contents

Analysis of the Global Material Testing Equipment Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Key Questions This Study Will Answer
Market Segmentation

3. DRIVERS AND RESTRAINTS—TOTAL MATERIAL TESTING EQUIPMENT MARKET

Drivers and Restraints—Total Material Testing Equipment Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. FORECAST AND TRENDS—TOTAL MATERIAL TESTING EQUIPMENT MARKET

Forecast and Trends—Total Material Testing Equipment Market
Market Engineering Measurements
Forecast Assumptions
Forecast Assumptions—Global GDP Outlook in 2015
Revenue Forecast
Revenue Forecast Discussion
Global Snapshot
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market

5. MARKET SHARE AND COMPETITIVE ANALYSIS— TOTAL MATERIAL TESTING EQUIPMENT MARKET

Market Share and Competitive Analysis— Total Material Testing Equipment Market
Market Share
Market Share Evolution
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment

6. UNIVERSAL TESTING MACHINES SEGMENT ANALYSIS

Universal Testing Machines Segment Analysis
Market Engineering Measurements
Universal Testing Machines Segment Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Revenue Forecast Discussion
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Region
Revenue Forecast Discussion by Vertical Market
Market Share
Market Share Analysis
Competitive Environment

7. SERVOHYDRAULIC TESTING MACHINES SEGMENT ANALYSIS

Servohydraulic Testing Machines Segment Analysis
Market Engineering Measurements
Servohydraulic Testing Machines Segment Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Revenue Forecast Discussion
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Market Share
Market Share Analysis
Competitive Environment

8. HARDNESS TEST EQUIPMENT SEGMENT ANALYSIS

Hardness Test Equipment Segment Analysis
Market Engineering Measurements
Hardness Test Equipment Segment Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Revenue Forecast Discussion
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Market Share
Market Share Analysis
Competitive Environment

9. IMPACT TEST EQUIPMENT SEGMENT ANALYSIS

Impact Test Equipment Segment Analysis
Market Engineering Measurements
Impact Test Equipment Segment Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Revenue Forecast Discussion
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Market Share
Market Share Analysis
Universal Testing Machines Segment—Competitive Environment

10. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

11. APPENDIX

Appendix
Market Engineering Methodology
List of Companies in “Others”

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