Global Mechanical Test Equipment Market 2017-2021

Overview of the global mechanical test equipment market

Research analysis on the global mechanical test equipment market identifies that the rising investments in the aerospace sector in India will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 6% by 2021. Increasing population, growth in disposable income, and rapid urbanization are fueling the growth of the aviation sector in India. The growth in air traffic in India has driven the demand for new aircrafts for both domestic and international travel. The transportation of goods to different parts of the world through air cargo also propels the growth of the aerospace sector in India. To encourage the growth of the sector, the government of India recently raised the FDI limit to 100%. Such investments in the aviation sector will positively influence the need for mechanical test equipment, subsequently fueling market growth.

The growth of the construction sector is one of the major trends that will contribute to the growth of this market in the forthcoming years. Metals like steel and iron, play a significant role in the construction sector and there is a need for using better quality products for infrastructure development for extended life. Since the need for durability, reliability, and safety of materials used in construction processes increases the utilization of mechanical test equipment, the growth of the construction sector will drive the growth of this global market.

Competitive landscape and key vendors  

The mechanical test equipment market consists of numerous global and local vendors who provide a wide range of products for testing various parameters of materials. Many local and regional vendors are offering application-specific products for different end-users. The local vendors are increasingly finding it difficult to compete with international vendors based on quality, durability, reliability, and technological innovations.

The leading vendors in the market are ?

• Applied Test Systems
• Illinois Tool Works
• MTS Systems
• Shimadzu
• Zwick Roell

The other prominent vendors in the market are AMETEK, Buehler, Emerson, Hegewald & Peschke, Hung Ta Instrument, Shanghai Hualong Test Instruments, TA Instruments, Tinius Olsen, and Torontech.

Segmentation by equipment and analysis of the mechanical test equipment market

• Non-destructive
• Condition monitoring
• NVH
• Material testing

During 2016, the non-destructive equipment segment accounted for the major shares of the mechanical test equipment market. Factors such as the increased usage of non-destructive equipment in manufacturing, fabrication, and in-service inspections to control manufacturing processes will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the mechanical test equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the mechanical test equipment market throughout the forecast period. The increased demand from the automotive, plastic, and construction sectors and the rising investments in these industries, will drive the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global mechanical test equipment market?
• What are the key market trends impacting the growth of the global mechanical test equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global mechanical test equipment market?
• What are the market opportunities and threats faced by the vendors in the global mechanical test equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global mechanical test equipment market?

Technavio also offers customization on reports based on specific client requirement.

The mechanical test equipment is used to measure the elastic and inelastic behavior of materials when an external force is applied. The equipment helps in determining the characteristics of materials and determines if its suitable for the intended application. This upcoming market research report on the global mechanical test equipment market is an integral part of Technavio's heavy industry portfolio and offers insights into niche segments like the test and measurement sector.

The market research experts at Technavio consider the market forecast, market size, and growing demand for various test and measurement products and services, and offers an all-inclusive picture of the global mechanical test equipment market for the estimated period of 2017-2021. Additionally, our research practices help clients develop active growth strategies and keep pace with the frequently changing market landscape.

According to our market research professionals, increasing demand for higher quality and safer goods by end users and the development of infrastructure in emerging economies may influence the demand for mechanical test equipment in the coming years. This upcoming market research report on the global mechanical test equipment market also covers vendors like Illinois Tool Works, MTS Systems, Zwick Roell, Hung Ta, Torontech Group International, Shimadzu, INSTRON, Hegewald & Peschke, AMETEK, CIMACH, Tinius Olsen, Shanghai Hualong Test Instruments, Applied Test Systems, and ElectroForce Systems. Furthermore, to offer clients the scope to identify probable market opportunities and expand in niche markets, this industry report on the global mechanical test equipment market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global mechanical test equipment market also categorizes the key drivers, major trends, as well as the constraints that the test and measurement sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as unit operations and construction.

Our market research methodology for the mechanical test equipment market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.