The global material tester market size is anticipated to reach a valuation of around USD 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 USD 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) | USD 800 million |
| Material Tester Market Projected Size (2033) | USD 1366.5 million |
| Material Tester Market Anticipated Growth Rate (2023 to 2033) | 5.5% |
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The significant growth of the material tester market is attributable to:
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.
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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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:
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%.
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:
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.
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.
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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,
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Market Estimated Value (2023) | USD 800 million |
| Projected Market Size (2033) | USD 1366.5 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD 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 |
The market is estimated to secure a valuation of USD 800 million in 2023.
The growth potential of the market is 5.5% through 2033.
The global market size to reach USD 1366.5 million by 2033.
Aimil Ltd., Matest, and EIE Instruments are key market players.
North America’s market expanded at a market share of 30% in 2022.
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Material Tester Market
