On 2024-9-18 Global Info Research released【Global Universal Testing Machine Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Universal Testing Machine industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Universal Testing Machine.
A universal testing machine is used to subject a material sample or structure to either tension or compression for the purposes of experimentally determining certain engineering properties or characteristics, other functions such as bending, shear. These properties generally deal with the yield strength of a material, ultimate or failure strength or a material or structure, or the stiffness and ductility of a material.
The global Universal Testing Machine market size is expected to reach $ 598 million by 2030, rising at a market growth of 4.3% CAGR during the forecast period (2024-2030).
There are many manufacturers which sale Universal Testing Machine. MTS Systems, Instron, Jinan Shijin Group and ZwickRoell capture global top 4 revenue market share in the market. The world's top four companies account for more than 40% of the market share.
In this study, the market for Universal Testing Machine consumption divided into four geographic regions: In North America, total Universal Testing Machine accounted for 30%. In the Europe, total Universal Testing Machine accounted for 24%. The market in Asia Pacific Universal Testing Machine accounted for 40%, and in global other region 6%. Among all regions, APAC held the largest share of the Universal Testing Machine market. In addition, APAC is the fastest growing region of Universal Testing Machine market. Moreover, China is the largest contributor to the Asia Pacific.
On the basis of product type, the Hydraulic UTM segment is projected to account for the largest share during the forecast period; this segment was estimated to account for 70% global revenue share in 2024.
Industry driving force
1. Development of manufacturing industry: With the continuous development of global manufacturing industry, the demand for material testing and quality control is increasing, which directly promotes the development of universal testing machine industry.
2. Technological innovation: The continuous innovation of technology, especially the progress in automation, digitization and intelligence, has significantly improved the function and efficiency of universal testing machine, thus promoting the development of the industry.
3. Advances in materials science: With the continuous development of materials science, the demand for testing and analysis of new materials has increased. As an important testing equipment, the demand for universal testing machine has increased accordingly.
4. Globalization and international competition: In the context of globalization, enterprises need to continuously improve product quality and technical level in order to maintain competitiveness in the international market, which also promotes the development of universal testing machine industry.
This report studies the global Universal Testing Machine production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Universal Testing Machine and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Universal Testing Machine that contribute to its increasing demand across many markets.
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Market segment by Type： Electromechanical UTM、Hydraulic UTM
Market segment by Application：Automobile Manufacturing、Aviation and Military、Universities, Research laboratories and Institutes、Electronics、Metallurgical Smelting、Others
Major players covered： MTS Systems (Illinois Tool Work)、Instron (Illinois Tool Work)、ZwickRoell、GALDABINI、Hegewald & Peschke、FORM+TEST、3R、Walter+Bai AG、HOYTOM、VECTOR、AMETEK Sensors, Test & Calibration、STEP LAB、IBERTEST、Jinan Tianchen Testing Machine Manufacturing、TesT GmbH、LBG Srl、Laizhou Huayin Testing Instrument、Shandong Drick Instruments、SCITEQ、Applied Test Systems、Kehui Group、Shanghai Hualong Test Instruments、Ji'nan Shijin Group、Suns、Shimadzu、Changchun Kexin Test Instrument、wance Technologies、ADMET、Torontech Group、KLA-Tencor、Qualitest International、Tinius Olsen、Tianshui Hongshan Testing Machine、Shenzhen Reger Instrument、Hung Ta Instrument
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Universal Testing Machine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Universal Testing Machine, with price, sales, revenue and global market share of Universal Testing Machine from 2019 to 2024.
Chapter 3, the Universal Testing Machine competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Universal Testing Machine breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Universal Testing Machine market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Universal Testing Machine.
Chapter 14 and 15, to describe Universal Testing Machine sales channel, distributors, customers, research findings and conclusion.
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