San Francisco, CA /PRNewswire/ - Global Material Testing Equipment Market is segmented on the basis of type as Twin column, Load system, Single column, High elongation and others. A device that is employed to examine various physical characteristics of the materials ranging from bending, torsion, weariness, hardness, creep, robustness, rigidity and density is known as a material testing equipment. The device usually detects the properties of the material before it is actually employed to produce variety of products.
The most striking aspects that are associated with the use of these devices may include augmented speed, huge analysis capability, and enhanced precision. With gradual rise in the concerns for safety, the role of the material testing equipment has increased to material evaluation, research & development, quality assurance, and modern product introduction. With the help of these equipments, the daily safety and quality of life of the customers has been improved. It has been noticed that the market is currently undergoing a significant trend of rising prerequisite for automated testing machines.
The factors that are playing a significant role in boosting the market growth entails implementation of strict regulations and norms by the government authorities concerning the employment of various materials, mounting demands across automotive, aerospace, and primary metal industries, rising applications and prerequisites, rise in the industrialization, technological developments, rise in the investments by the leading manufacturers, and constant innovations in the fields of composites, nanotechnology, and biomedical. The only factor that is hampering the market growth may include rising prerequisite for augmented investments.
It has been anticipated that the Material Testing Equipment Market will experience a robust growth in the next couple of years due to growing scope and applications across various sectors. Material Testing Equipment Market is segmented on the basis of capacity as Puncture Strength, Tear Resistance, Tensile Strength, Coefficient of Friction, Compression, and Flexure/Bend Strength. Material Testing Equipment Market is segmented on the basis of application as Automotive, Medical, Wood, Aerospace, Metal industries, Packaging, Textiles, Electronics, Pharmaceutical, and Paper and Board. Material Testing Equipment Market is segmented on the basis of geography as North America, Southeast Asia, China, Europe, Japan, and India.
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Among all the geographical regions, North America has come up as the leader of the market and it is simultaneously taking up the largest share in the market, the reason being technological advancements, robust growth of industrial sectors, augmented awareness among the end users, and rise in the industrialization. In contrast, Europe and Asia Pacific are also exhibiting a steady growth in the market due to emergence of huge market growth opportunities in these regions. The key players operating in the Material Testing Equipment Market are recognized as Illinois Tool Works, Applied Test Systems, UTEST Material Test Equipment, Fine Group, Shimadzu, Tinius Olsen, Bose ESG, MTS System, and Zwick Roell. This report studies Material Testing Equipment in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2021.
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