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Tensile Testing Machine Market Size, Share, and Industry Analysis, By Product Type (Hydraulic Tensile Testing Machine and Electromechanical Tensile Testing Machine), Test Load Capacity (Up to 10 kN, 10 to 50 kN, 50 to 250 kN, 250 to 1,000 kN, and Above 1,000 kN), By End-Use Industry (Automotive, Aerospace and Defense, Textile, Construction, Plastics and Rubber, Education, and Others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI109536 | Status : UpcomingTensile testing machine is a material testing equipment that measures the mechanical properties of different materials such as ceramics, textiles, metals, polymers, and other composites. The machine has extensive usage in measuring material strength and deformation characteristics for diverse sectors such as automotive, aerospace and defense, pharmaceutical, research and development, and the plastic industry.
Raw materials used in several end-use industries are required to comply with quality standards set by the associations. Materials such as steel, ceramic, and polymers need to comply with the required quality as per the industry standards which creates a substantial need for such testing machines. Growth across industries is expected to boost the demand for several raw materials, creating the need for tensile testing equipment. For instance, crude steel production reached about 1.5 trillion tons in the year 2022 and has its usage across industries such as automotive, aerospace, construction, and pharmaceutical. For example, 900 kg of steel is used per vehicle across its body parts including panels, doors, trunk closures, and others. Vehicle sales across the globe have been 81.6 million units in 2022. Similar growth prospects create a strong demand for materials and the need for testing equipment in industries.
The global infrastructure development and growing construction activities are generating the demand for diverse construction materials such as metals, polymers, and composites. With the high demand for resilient and durable structures that can withstand different loads and environmental conditions, reliable testing methods, and their equipment are gaining traction across the industry. Several manufacturing companies are investing in new product designs and launches to expand their product portfolios and provide a range of testing solutions to customers. For instance,
- In May 2023, Pacorr Testing Instruments expanded its portfolio by introducing a new version of the Tensile testing machine with a screen to test different types of substrates and determine the material’s durability.
During the COVID-19 pandemic, the global manufacturing industry faced a difficult time. Decreased demand across various industries, supply chain disruptions, a temporary halt in production facilities, and increasing government restrictions across industries have all impacted the market demand for testing machines across geographical areas. The economic slowdown and obstruction in material shipments further impacted the market demand during the pandemic.
However, financial and economic rebound, rising investment, and supportive government policies for the manufacturing industry are all likely to have a productive influence on the market. The rising construction activity and substantial capital expenditure in research activities create enormous opportunities for the tensile testing machine market.
Key Insights
The report covers the following key insights:
- Micro Macro Economic Indicators
- Drivers, Restraints, Trends, and Opportunities
- Business Strategies Adopted by Key Players
- Impact of COVID-19 on the Tensile Testing Machine Market
- Consolidated SWOT Analysis of Key Players
Segmentation
By Product Type | By Test Load Capacity | By End-Use Industry | By Region |
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Analysis by End-use Industry
Based on end-use industry, the tensile testing machine industry has been classified into automotive, aerospace and defense, textile, construction, plastics and rubber, education, and others. The construction industry makes use of mixed materials that need to be reliable, safe, and within standards. Construction structures that are made up of metals, composites, and other materials that require testing through the creation of a significant demand for tensile testing machines across geographies. The construction industry is set to lead the market demand for tensile testing machines over the coming years.
The automotive industry looks for high-precision materials and needs testing for each and every component of the vehicle. A tensile testing machine is required for electrical components, rubber parts, and metal products in a vehicle. The escalating growth of electric vehicles across different regions is adding to the volume of sales of tensile testing machines. The automotive segment is expected to showcase remarkable growth over the forecast period.
Regional Analysis
The global tensile testing machine market is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
The Asia Pacific tensile testing machines market is set to show the highest growth rate over the study period. Several countries in the Asia Pacific region such as India, Thailand, and Indonesia are becoming hubs for manufacturing facilities. The upcoming infrastructure projects, growing vehicle manufacturing, cement manufacturing, increasing investment in rubber, and textile manufacturing, and the adoption of Industry 4.0 are all estimated to positively drive the market growth. Tensile testers find their application in several different aspects such as welded connectors, fasteners, adhesive joints, and seals.
Manufacturing companies are expanding across the region through expansions, collaborations, and new product launches over the coming years. The expansion of the automotive industry, rising research and development activities, rising awareness about quality, upgrading quality assurance standards, and smart factory adoption are a few of the factors that will primarily drive the market growth in the Asia Pacific region.
By region, the distribution of the tensile testing machine market is as follows:
- North America – 36%
- South America – 3%
- Europe – 27%
- The Middle East and Africa – 2%
- Asia Pacific –32%
Key Players Covered
Key players in the market include ADMET, Inc., AMETEK, Cometech Testing Machines Co., Ltd., FORM+TEST Seidner & Co. GmbH, Hegewald & Peschke, Illinois Tool Works Inc., Shimadzu, and Mecmesin.
Key Industry Developments
- July 2023: Shimadzu launched its AUTOGRAPH AGX-V2 series universal testing machine in the European region. The new tensile testing machines are equipped with tech-enabled features such as an operation controller and a voice-control function.
- July 2023: Mecmesin, a testing equipment manufacturer, expanded its OmniTest universal testing machine range. The product portfolio included models with test load capacities 0.5 kN, 1kN, and 2.5 kN.
- Global
- 2023
- 2019-2022