Gold Tester Market

Gold Tester Market 2018-2028: Increasing Demand from Gold Mines to Drive Sales

A gold tester is a scientific instrument used to determine the purity of gold with X-rays. A gold tester is a highly precise and fast machine used to determine the gold concentration and the various elements present in gold bars, gold jewellery, gold coins, gold alloys, gold plating and scrap gold. In addition, it can determine the presence and concentration of different metals such as platinum, gold, palladium, k-platinum and k-gold. 

The demand for gold testers has been witnessing significant growth as gold is considered an extremely valuable metal, even among other precious metals, and thus, it is essential to determine to purity of gold with great accuracy. Gold is mixed and bended with different metals to obtain various varieties of the metal and craft different types of jewellery.

Two types of gold testers are available in the market, i.e. gold testers as per purity and gold testers as per weight. Gold testers for weighing are especially essential as a minute error in the weight of the gold can lead to massive losses.

Demand for Handheld Gold Testers from Jewellery Shops to Drive Market Growth

The key factors driving the growth of the gold tester market is the fact that a gold tester can test any shape or size of sample metal or jewellery. Attributing to this, gold testers are used on a large scale by jewellers, manufacturers of jewellery and jewellery retailers. Also, gold testers are quick in determining the exact content of the jewellery, which further aids their adoption.

Manufacturers in the gold tester market are focused on launching precise, handheld and highly accurate gold testers.

  • For example, Qualitest International Inc. (based in Canada), one of the prominent players in the market, launched a fast, handheld, lightweight and durable gold tester.

Need for Skilled Personnel to Operate Gold Testers

The cost associated with gold testers is quite high and this is one of the most significant parameters hampering the growth of the market. Also, a well-trained professional is necessary to operate a gold tester, which further hinders the growth of the gold tester market, globally.

Gold Tester Market: Segmentation

The gold tester market has been segmented on the basis of equipment type, test, end use, modularity and region.

Segmentation on the basis of equipment type:

  • XRF analyzer
  • Digital conductivity measuring set
  • Magnetic balance
  • Digital ultrasonic velocity set
  • Precision balances

Segmentation on the basis of test:

  • Purity
  • Weight

Segmentation on the basis of end-use industries:

  • Jewellery Showrooms
  • Gold Manufacturers
  • Mining & Exploration
  • Export Units
  • Banks
  • Jewellery Loans Departments

Segmentation on the basis of modularity:

  • Stationary
  • Portable

Gold Tester Market: Competition Landscape

Some of the prominent players in the gold tester market are Qualitest International Inc., Fischer Measurement Technologies India Pvt. Ltd., Arihant Maxsell Technologies Private Limited., Auracle Gold Tester, Olympus Corporation, Bruker and Ocean King International.

Gold Tester Market: Regional Overview

On the basis of geography, countries such as China, Canada, the United States, Australia, Russia and Peru hold prominent market shares in the gold tester market. This can be attributed to the significant production of precious metals such as gold, platinum, silver and palladium in these countries, as compared to other regions.

Among the other regions, countries such as South Africa, Saudi Arabia, Kuwait and other gulf countries are expected to witness high CAGRs in the gold tester market, owing to the increasing manufacturing of gold ornaments and jewellery in these regions. In Europe, countries such as Germany, France and Italy are expected to hold moderate shares in the gold tester market, owing to the moderate production of gold and small gold ornament manufacturing industry in these countries.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

  • Gold tester market segments
  • Gold tester market dynamics
  • Gold tester market size
  • Supply & demand
  • Current trends/issues/challenges
  • Competition & companies involved
  • Technology
  • Value chain
  • Market drivers and restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K., Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

Report Highlights:

  • Detailed overview of gold tester parent market
  • Changing market dynamics in the industry
  • In-depth gold tester market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of gold tester market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on gold tester market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.