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Material Tester Market Overview (2023 to 2033)

The global material tester market size is anticipated to reach a valuation of around US$ 800 million in 2023. Further, with the rising adoption of material testers across diverse industries including automotive, construction, and healthcare, the overall demand for material testers is slated to expand at a steady CAGR of 5.5% between 2023 and 2033, totaling over US$ 1366.5 million in 2033.

Material testers are testing equipment used to measure and determine the physical and mechanical properties of materials. They are being extensively used across industries like automotive, construction, healthcare, etc. to determine whether the tested objects comply with the required conditions and standards.

Material testers have become especially crucial for critical applications where failure can lead to extensive damage or loss. These material testers provide significant information to end users about the tested material, product sample, or prototypes, thereby enabling them to verify if the material is in compliance with the standards of regulatory bodies or not. Thus, they play a key role in improving safety and minimizing losses.

Implementation of various regulations and standards by regulatory bodies such as the International Organization for Standardization (ISO), Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), etc. is providing a key impetus to the growth of the material tester market. This trend is likely to continue during the forecast period as well.

The presence of testing standards such as ASTM F543 (test methods for metallic medical bone screws) and ISO 679 (determining flexural strength of cement and mortar) are prompting industries to use material testing machines.

Some of the most common tests performed by the material testers include tensile, compression, ductility, tensile strength, shear, bond strength, adhesion strength, compatibility, etc.

Attribute Details
Material Tester Market Estimated Value (2023) US$ 800 million
Material Tester Market Projected Size (2033) US$ 1366.5 million
Material Tester Market Anticipated Growth Rate (2023 to 2033) 5.5%

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How Expansion of Automotive and Construction Industries are Going to Affect Material Tester Sales?

The significant growth of the material tester market is attributable to:

  • The rapid expansion of end-use industries such as automotive, healthcare, and construction.
  • The presence of stringent regulations and standards.
  • The growing adoption of material testers for quality control purposes across these industries.

Material testers have become highly sought-after testing equipment used over the years across diverse industries to measure the physical and mechanical properties of materials. They play a key role in failure analysis investigations to identify material compatibility, inadequate material, and defective products.

Material testers are used to examine various materials and products ranging from ceramics, plastics, and automotive parts to construction materials and medical implants. Also, they help end users in choosing the perfect material for the right application.

Demand for material testers is particularly high across the healthcare industry due to their increasing usage for determining the compatibility of materials intended to be used in medical devices and implants. Similarly, the increasing usage of material testers in the construction industry for testing properties of concrete, adhesives, mortar, ceramics, adhesives, sealants, pipes, etc. is expected to push the demand for material testers during the assessment period.

A few more factors such as increasing adulteration in food & beverages, use of alternate materials for construction, surge in automotive & aircraft manufacturing, and booming construction industry are likely to expand the material tester market size further during the forecast period.

What are the Factors Impeding the Growth in the Material Tester Industry?

There are various factors that are restraining the growth of the material tester market despite increasing adoption from various industries. Some of these factors include lack of skilled professionals, variation in standards and regulations across different regions, and high cost of material testing machines.

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Comparative Analysis of the Adjacent Material Tester Market

Material Tester Market:

Differentiating Aspects Material Tester Market
CAGR (2023 to 2033) 5.5%
Market Valuation in 2023 US$ 800 million
Projected Market Value in 2033 US$ 1366.5 million
Growth Factors Implementation of various regulations and standards by regulatory bodies such as the International Organization for Standardization (ISO), Food and Drug Administration (FDA), American Society for Testing and Materials (ASTM), etc. is providing a significant impetus to the growth of material tester market and the trend is likely to continue during the forecast period.
Opportunities The increasing usage of material testers in the construction industry for testing properties of concrete, adhesives, mortar, ceramics, adhesives, sealants, pipes, etc.
Key Trends The availability of advanced material testing technologies, and increasing applications of material testing machines in the healthcare, food packaging, and research and development laboratories sectors.

Concrete Testers Market:

Differentiating Aspects Concrete Testers Market
CAGR (2023 to 2033) 5%
Market Valuation in 2023 US$ 2.9 billion
Projected Market Value in 2033 US$ 4.7 billion
Growth Factors Global testing devices are in high demand as a result of their versatility.
Opportunities Market participants are continuing to focus on the infrastructure and building industries in response to increased civil facility development and restoration projects in emerging economies.
Key Trends For a solution to the difficulty, producers are developing portable and cordless concrete testers for onsite evaluations of the durability of concrete.

Paint Tester Market:

Differentiating Aspects Paint Tester Market
CAGR (2023 to 2033) 5.5%
Market Valuation in 2023 US$ 170 million
Projected Market Value in 2033 US$ 290 million
Growth Factors The accessibility of paint tester instruments in portable sizes, convenience of operation and utilizing, and high precision are driving the growth of the paint tester market.
Opportunities Paint tester producers are heavily spending on study and development to produce reliable solutions.
Key Trends Increasing product utilization in the automotive industry might be another significant growth accelerator, due to evolving consumer preferences for vehicle aesthetics.

Region Wise Insight

Is Asia Pacific Excluding Japan (APEJ) Likely to Emerge as a Promising Material Tester Market?

As per FMI, Asia Pacific Excluding Japan (APEJ) is projected to hold a substantial share of the global material tester market during the forecast period between 2023 and 2033. Growth in Asia Pacific Excluding Japan’s material tester market is driven by the factors such as:

  • The rapid adoption of material testers in the construction and automotive industries. The rising awareness about the benefits of material testing.
  • Favorable government support.

Countries like China and India are experiencing high demand for material testers due to rapid industrialization and the implementation of stringent government regulations and standards. Most of the industries based in these countries utilize material testers to measure and determine the properties of materials for improving their quality.The market in China is anticipated to expand at a CAGR of 5.2%.

How is North America Contributing to Growth of the Material Tester Market?

North America, spearheaded by the United States accounts for a significant share of the global material tester market and is likely to witness high demand for material testers during the forecast period, owing to the:

  • Rising adoption in industries like healthcare, automotive, and construction.
  • Heavy presence of leading material tester manufacturers.
  • Growing need for improving the quality of products.
  • Implementation of stringent quality standards.

Most of the material tester sales remain concentrated in the United States due to the significant growth of the construction industry, availability of advanced material testing technologies, and increasing applications of material testing machines in different sectors. These sectors include the healthcare, food packaging, and research and development laboratories.

The presence of various regulatory bodies and the implementation of stringent regulations will further push the demand for material testers in the region during the forecast period.North America accounted for a market share of 30% in 2022.

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Category Wise Insight

Which is the Leading Segment in the Material Tester Market by Test Type?

As a result of the emphasis on food safety, the requirement for destructive testing has reached an all-time high. Further, Companies in the industry have stepped up their game by introducing innovative solutions to avoid food spoilage and microbiological dangers.

Food specialists are becoming interested in learning about the various qualities of food. Destructive testing provides information about a food item's formulation, form, physiochemical qualities, and sensory properties. The destructive test segment is projected to have a CAGR of 6% by 2033.

Market Competition

Some of the leading manufacturers of material tester include Humboldt Mfg. Co., Aimil Ltd., Matest, EIE Instruments, Controls Group, Torontech Inc., Materials Testing Equipment LTD, FilWEB, AMETEK Inc., Cooper Research Technology Ltd., and others.

Leading players in the market are focused on introducing novel material testing machines with efficient features and enhanced software capabilities such as analytical analysis, and others.

Market players have adopted various strategies such as new product launches, price reduction, partnerships, acquisitions, collaborations, and establishment of new manufacturing and distribution facilities across attractive markets. Through these strategies, they expand their global footprint and gain a competitive edge in the global material tester market. For instance,

  • In May 2022 SDL Atlas launched the next generation of its popular PowerTear™ Elmendorf Tear Tester.
  • AMETEK India, a subsidiary of AMETEK Inc., declared the launch of a new facility in Bengaluru in December 2022, which might increase service for its clients in India and across the globe.
  • NSIC and M/s Mitutoyo South Asia Pvt Ltd cooperated in the domain of industrial metrology in January 2020 to provide skilled manpower to MSME units and generate jobs via training on the advanced technological Coordinate Measuring Machines (CMM).

Report Scope

Attribute Details
Growth Rate CAGR of 5.5% from 2023 to 2033
Market Estimated Value (2023) US$ 800 million
Projected Market Size (2033) US$ 1366.5 million
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Grade
  • Application
  • End Use
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC Countries
  • South Africa
  • Israel
Key Companies Profiled
  • Humboldt Mfg. Co.
  • Aimil Ltd.
  • Matest
  • EIE Instruments
  • Controls Group
  • Torontech Inc.
  • Materials Testing Equipment LTD
  • FilWEB
  • AMETEK Inc.
  • Cooper Research Technology Ltd.
Customization Available Upon Request

Key Segments Profiled in the Material Tester Industry Survey

By Test Type:

  • Destructive test
  • Non-destructive test
  • Others

By Product Type:

  • Universal testing machine
  • Hardness testing machine
  • Servo-hydraulic testing machine
  • Others

By End Use:

  • Construction
  • Automotive
  • Healthcare
  • Pharmaceutical
  • Educational
  • R&D Laboratories
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

Frequently Asked Questions

What is the Current Market Valuation?

The market is estimated to secure a valuation of US$ 800 million in 2023.

What is the Growth Potential of the Market?

The growth potential of the market is 5.5% through 2033.

What is the Projected Size of the Market by 2033?

The global market size to reach US$ 1366.5 million by 2033.

Who are the Key Players in the Material Tester Market?

Aimil Ltd., Matest, and EIE Instruments are key market players.

What is North America’s Material Tester Market Outlook?

North America’s market expanded at a market share of 30% in 2022.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Test Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Test Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Test Type, 2023 to 2033

        5.3.1. Destructive test

        5.3.2. Non-destructive test

        5.3.3. Others

    5.4. Y-o-Y Growth Trend Analysis By Test Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Test Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033

        6.3.1. Universal testing machine

        6.3.2. Hardness testing machine

        6.3.3. Servo-hydraulic testing machine

        6.3.4. Others

    6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis by End Use, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by End Use, 2023 to 2033

        7.3.1. Construction

        7.3.2. Automotive

        7.3.3. Healthcare

        7.3.4. Pharmaceutical

        7.3.5. Educational

        7.3.6. R&D Laboratories

        7.3.7. Others

    7.4. Y-o-Y Growth Trend Analysis by End Use, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis by End Use, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. The USA

            9.2.1.2. Canada

        9.2.2. By Test Type

        9.2.3. By Product Type

        9.2.4. By End Use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Test Type

        9.3.3. By Product Type

        9.3.4. By End Use

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Test Type

        10.2.3. By Product Type

        10.2.4. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Test Type

        10.3.3. By Product Type

        10.3.4. By End Use

    10.4. Key Takeaways

11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Test Type

        11.2.3. By Product Type

        11.2.4. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Test Type

        11.3.3. By Product Type

        11.3.4. By End Use

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Test Type

        12.2.3. By Product Type

        12.2.4. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Test Type

        12.3.3. By Product Type

        12.3.4. By End Use

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Test Type

        13.2.3. By Product Type

        13.2.4. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Test Type

        13.3.3. By Product Type

        13.3.4. By End Use

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Test Type

        14.2.3. By Product Type

        14.2.4. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Test Type

        14.3.3. By Product Type

        14.3.4. By End Use

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Test Type

        15.2.3. By Product Type

        15.2.4. By End Use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Test Type

        15.3.3. By Product Type

        15.3.4. By End Use

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Test Type

            16.1.2.2. By Product Type

            16.1.2.3. By End Use

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Test Type

            16.2.2.2. By Product Type

            16.2.2.3. By End Use

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Test Type

            16.3.2.2. By Product Type

            16.3.2.3. By End Use

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Test Type

            16.4.2.2. By Product Type

            16.4.2.3. By End Use

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Test Type

            16.5.2.2. By Product Type

            16.5.2.3. By End Use

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Test Type

            16.6.2.2. By Product Type

            16.6.2.3. By End Use

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Test Type

            16.7.2.2. By Product Type

            16.7.2.3. By End Use

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Test Type

            16.8.2.2. By Product Type

            16.8.2.3. By End Use

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Test Type

            16.9.2.2. By Product Type

            16.9.2.3. By End Use

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Test Type

            16.10.2.2. By Product Type

            16.10.2.3. By End Use

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Test Type

            16.11.2.2. By Product Type

            16.11.2.3. By End Use

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Test Type

            16.12.2.2. By Product Type

            16.12.2.3. By End Use

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Test Type

            16.13.2.2. By Product Type

            16.13.2.3. By End Use

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Test Type

            16.14.2.2. By Product Type

            16.14.2.3. By End Use

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Test Type

            16.15.2.2. By Product Type

            16.15.2.3. By End Use

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Test Type

            16.16.2.2. By Product Type

            16.16.2.3. By End Use

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Test Type

            16.17.2.2. By Product Type

            16.17.2.3. By End Use

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Test Type

            16.18.2.2. By Product Type

            16.18.2.3. By End Use

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Test Type

            16.19.2.2. By Product Type

            16.19.2.3. By End Use

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Test Type

            16.20.2.2. By Product Type

            16.20.2.3. By End Use

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Test Type

            16.21.2.2. By Product Type

            16.21.2.3. By End Use

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2022

            16.22.2.1. By Test Type

            16.22.2.2. By Product Type

            16.22.2.3. By End Use

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2022

            16.23.2.1. By Test Type

            16.23.2.2. By Product Type

            16.23.2.3. By End Use

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Test Type

        17.3.3. By Product Type

        17.3.4. By End Use

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Humboldt Mfg. Co.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Aimil Ltd.

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. Matest

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. EIE Instruments

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Controls Group

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Torontech Inc.

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. Materials Testing Equipment LTD

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. FilWEB

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. AMETEK Inc.

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. Cooper Research Technology Ltd.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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