Tensile Testing Machine Market - Global Industry Analysis

Tensile Testing Machine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6041 Status : Upcoming

Description

Global Tensile Testing Machine Market: Overview

A tensile test is nothing but a tension test and is among most of the common & fundamental types of mechanical testing. The tensile tests are usually tested on tensile testing machines that are also known as tension test machines. These are the universal testing machines that are specifically configured to check the tensile strength of the specimens. The tensile testing machines are designed as per the testing need by the application engineers with appropriate accessories, controllers, and grips.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Tensile Testing Machine Market: Growth Factors

The global tensile testing machine market is growing significantly. Factors such as the growing need for strict quality control measures in the manufacturing units, rise in demand for tensile testing in the construction & automotive sector, and rise in demand for hydraulic equipment are majorly fostering the growth of the global tensile testing machine market. Growing demands to enhance the stability, quality, and reliability of products in several industries are some of the key factors which are expected to propel the growth of the market. Additionally, stringent regulations regarding limits of tensile strength of the material used in the construction, automotive, aerospace, and other industries are also contributing to the growth of the market. Furthermore, many end-users now prefer automatic tensile testing machines which again are supporting the growth of the market. On the other hand, the high cost associated with the instrument and its maintenance is one of the key challenges for the growth of the global tensile testing machine market. However, the rapidly expanding automotive, construction, and packaging industry is expected to procure a large number of tensile testing machines over the forecast period.

The Covid-19 pandemic has rigorously affected several business sectors and the packaging, automotive, construction, and textile industry is amongst them. Strict decisions taken by many governments around the world to curb the spread of the novel coronavirus such as complete lockdowns and restrictions on personnel movement and transportation have resulted in a temporary shutdown of many industries to a major extent. Moreover, owing to restrictions on transportation, disruption in the distribution chain has been witnessed which resulted in less product supply. This has also dropped the manufacturing process. This has directly impacted the demand for tensile testing machines and led to a decline in the growth of the global tensile testing machine market.

Global Tensile Testing Machine Market: Segmentation

The global tensile testing machine market is categorized based on load capacity, product type, equipment type, end-user, and region. Based on the load capacity, the global tensile testing machine market is divided into up to 1 kN, 1 – 10 kN, 10 – 300 kN, and more than 300 kN. Based on the product type, the global market is bifurcated into four column testing machine, dual column testing machine, and single column testing machine. The equipment type segment is split into electromechanical, hydraulic, universal testing machine, and others. The end-user segment comprises of research & academia, electronics & electrical, automotive, construction material testing, textiles, aerospace material testing, packaging, paper & plastic, and others.

Global Tensile Testing Machine Market: Regional Analysis

Geographically, North America is anticipated to contribute to the major share in the global tensile testing machine market during the forecast period. Factors such as strict regulations for the quality of the specimen, the rapidly expanding automotive industry, and the rise in preference for the automatic tensile testing machine are spurring the growth of the market in this region. Asia Pacific is estimated to be the fastest-growing region due to rapidly growing industrialization and the adoption of industry 4.0. Europe is also projected to contribute to the significant share in the market. This is attributed to the presence of advanced technology in the manufacturing units.

Global Tensile Testing Machine Market: Competitive Players

Some of the prominent players that are contributing to the growth of the global tensile testing machine market are Karg Industrietechnik, Illinois Tool Works Inc., ETS Intarlaken, AMETEK (Lloyd), JINAN SHIJIN GROUP, Hegewald and Peschke, Cometech Testing Machines Co., Ltd., ADMET, Inc, INSTRON, and FORM+TEST GmbH.

Global Tensile Testing Machine Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global tensile testing machine market is growing significantly. Factors such as the growing need for strict quality control measures in the manufacturing units, rise in demand for tensile testing in the construction & automotive sector, and rise in demand for hydraulic equipment are majorly fostering the growth of the global tensile testing machine market. Furthermore, the rapidly expanding automotive, construction, and packaging industry is expected to procure a large number of tensile testing machines over the forecast period.

Some of the prominent players that are contributing to the growth of the global tensile testing machine market are  Karg Industrietechnik, Illinois Tool Works Inc., ETS Intarlaken, AMETEK (Lloyd), JINAN SHIJIN GROUP, Hegewald and Peschke, Cometech Testing Machines Co., Ltd., ADMET, Inc, INSTRON, and FORM+TEST GmbH.

Geographically, North America is anticipated to contribute to the major share in the global tensile testing machine market during the forecast period. Factors such as strict regulations for the quality of the specimen, the rapidly expanding automotive industry, and the rise in preference for the automatic tensile testing machine are spurring the growth of the market in this region.

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