The global demand for shear equipment is projected to grow at a CAGR of around 3.3% to 3.6% during the forecast period from 2022 to 2032. Rapid adoption of shear testing equipment across manufacturing industry, research laboratories, and educational institutes is a key factor driving the global shear testing equipment market.
| Report Attribute | Details |
|---|---|
| Shear Testing Equipment Market Projected Growth Rate (2022 to 2032) | 3.3% - 3.6% CAGR |
| Shear Testing Equipment Market Estimated Value (2022) | USD 400 Million |
| Shear Testing Equipment Market Projected Value (2032) | USD 550 Million |
Rising need for ensuring the optimum quality and uniformity of materials before using them has brought the shear testing equipment market into the limelight during the last few decades.
Shear testing equipment are universal testing machines designed for evaluating the shear strength or maximum shear stress of materials such as metals, ceramics, adhesives, composite substrates, and others.
Growing demand for these materials across various industries coupled with increasing need for maintaining industrial standards will boost the market. Additionally, need for ensuring strength and load bearing capacity of these materials is expected to boost the sales of shear testing equipment during the forecast period.
There are various shear testing equipment's available in the market for testing materials such as rigid substrates, layered composites, and adhesives. Moreover, manufacturers are now offering customizable products to their customers to increase their revenue. This will help them to expand their customer base as well during the forecast period.
Rising application of shear testing equipment for avoiding the failure or rupture of materials is one of the primary factor propelling the growth in the market. Besides this, growing popularity of automatic shear testing equipment, and presence of stringent regulations will also drive the growth in the global shear testing equipment market
Shear testing has become one of the most commonly used techniques for checking the strength of materials like adhesives, metals, plastics etc. For this purpose, end users employ shear testing machines or equipment. Hence, increasing production and consumption of these materials will boost the growth of shear testing equipment market.
Similarly, need for performing shear tests of soil in different construction projects such as pavements, roads, dams, excavations, etc. is increasing. This is likely to facilitate the growth in shear testing equipment market during the assessment period.
In addition to this, introduction of new stringent regulations and research and development activities in laboratories and research institutes will create lucrative opportunities for shear testing equipment manufacturers.
Despite positive growth projections, there are certain factors that are restraining the growth of shear testing equipment market. Some of these factors include higher costs of shear testing equipment and lack of technical knowledge required for using shear testing equipment.
As per FMI, North America is expected to dominate the global market for shear testing equipment in 2022 and is likely to remain at its top position during the forecast period. Growth in the North America shear testing equipment market is driven by rapid industrialization, increasing spending on research and development, and presence of stringent product safety regulations.
Countries such as the USA and Canada are witnessing high demand for shear testing equipment due to expansion of construction industry and increasing research and development activities.
According to the United States Census Bureau, construction spending in the USA reached around USD1,744.8 billion in April 2022. This, in turn, is creating demand for construction materials like adhesives, metals, plastics etc.
As these materials often go through shear testing before usage, surge in their production and consumption will eventually push the demand for shear testing equipment in the region during the forecast period.
Furthermore, strong presence of leading shear equipment manufacturers is positively impacting the North American shear testing equipment market.
According to Future Market Insights, demand for shear testing equipment across Asia Pacific is projected to increase at a significant pace during the forecast period between 2022 and 2032. This is owing to the rapid industrialization across countries such as China and India.
Another factor propelling the growth is increasing investments in construction activities, and growing need for improving the quality of products.
Over the years, China has become one of fastest growing markets for shear testing machines and the trend is likely to continue during the forecast period. The country has a strong base of manufacturing industries like automotive and electronics.
These industries often use shear testing for measuring the shear strength and performance of materials. This is acting as a catalyst for the growth of shear testing equipment market in the region.
Some of the key participants present in the global shear testing equipment market include AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., Shimadzu Corporation, HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation among others.
Leading players are aiming at introducing innovative products to cater to the changing demands of end users. They are likely to adopt strategies such as product launches, partnerships, mergers, and collaborations to gain a competitive edge in the shear testing equipment market
Companies like Controls S.p.A. and AMETEK Inc., are becoming global leaders in shear testing equipment. They are focused on developing automatic shear testing equipment with high performance, better accuracy and fast nature. Products like SHEARMATIC EmS, an automatic shear testing machine launched by Controls S.p.A., are gaining immense popularity among end users.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.3% - 3 .6% from 2022 to 2032 |
| Market Estimated Value (2022) | USD 400 Million |
| Market Projected Value (2032) | USD 550 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Equipment Type, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., Shimadzu Corporation, HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation |
| Customization | Available Upon Request |
Table 1: Global Shear Testing Equipment Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Shear Testing Equipment Market Volume (Units) Forecast by Region, 2017-2032
Table 3: Global Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 4: Global Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 5: Global Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 6: Global Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Table 7: North America Shear Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: North America Shear Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 9: North America Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 10: North America Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 11: North America Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 12: North America Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Table 13: Latin America Shear Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Latin America Shear Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 15: Latin America Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 16: Latin America Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 17: Latin America Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 18: Latin America Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Table 19: Europe Shear Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: Europe Shear Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 21: Europe Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 22: Europe Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 23: Europe Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 24: Europe Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Table 25: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 26: Asia Pacific Shear Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 27: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 28: Asia Pacific Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 29: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 30: Asia Pacific Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Table 31: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: Middle East and Africa Shear Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 33: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Forecast by Equipment Type, 2017-2032
Table 34: Middle East and Africa Shear Testing Equipment Market Volume (Units) Forecast by Equipment Type, 2017-2032
Table 35: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Forecast by End Use, 2017-2032
Table 36: Middle East and Africa Shear Testing Equipment Market Volume (Units) Forecast by End Use, 2017-2032
Figure 1: Global Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 2: Global Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 3: Global Shear Testing Equipment Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global Shear Testing Equipment Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global Shear Testing Equipment Market Volume (Units) Analysis by Region, 2017-2032
Figure 6: Global Shear Testing Equipment Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 7: Global Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 8: Global Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 9: Global Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 10: Global Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 11: Global Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 12: Global Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 13: Global Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 14: Global Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 15: Global Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 16: Global Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 17: Global Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 18: Global Shear Testing Equipment Market Attractiveness by Region, 2022-2032
Figure 19: North America Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 20: North America Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 21: North America Shear Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 22: North America Shear Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 23: North America Shear Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 24: North America Shear Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: North America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: North America Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 27: North America Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 28: North America Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 29: North America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 30: North America Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 31: North America Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 32: North America Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 33: North America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 34: North America Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 35: North America Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 36: North America Shear Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 37: Latin America Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 38: Latin America Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 39: Latin America Shear Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 40: Latin America Shear Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 41: Latin America Shear Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 42: Latin America Shear Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 43: Latin America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 44: Latin America Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 45: Latin America Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 46: Latin America Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 47: Latin America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 48: Latin America Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 49: Latin America Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 50: Latin America Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 51: Latin America Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 52: Latin America Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 53: Latin America Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 54: Latin America Shear Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 55: Europe Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 56: Europe Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 57: Europe Shear Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 58: Europe Shear Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 59: Europe Shear Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 60: Europe Shear Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 61: Europe Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 62: Europe Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 63: Europe Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 64: Europe Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 65: Europe Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 66: Europe Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 67: Europe Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 68: Europe Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 69: Europe Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 70: Europe Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 71: Europe Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 72: Europe Shear Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 73: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 74: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 75: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 76: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 77: Asia Pacific Shear Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 78: Asia Pacific Shear Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 79: Asia Pacific Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 80: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 81: Asia Pacific Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 82: Asia Pacific Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 83: Asia Pacific Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 84: Asia Pacific Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 85: Asia Pacific Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 86: Asia Pacific Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 87: Asia Pacific Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 88: Asia Pacific Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 89: Asia Pacific Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 90: Asia Pacific Shear Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 91: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) by Equipment Type, 2022-2032
Figure 92: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) by End Use, 2022-2032
Figure 93: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 94: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: Middle East and Africa Shear Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 96: Middle East and Africa Shear Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 97: Middle East and Africa Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 98: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Analysis by Equipment Type, 2017-2032
Figure 99: Middle East and Africa Shear Testing Equipment Market Volume (Units) Analysis by Equipment Type, 2017-2032
Figure 100: Middle East and Africa Shear Testing Equipment Market Value Share (%) and BPS Analysis by Equipment Type, 2022-2032
Figure 101: Middle East and Africa Shear Testing Equipment Market Y-o-Y Growth (%) Projections by Equipment Type, 2022-2032
Figure 102: Middle East and Africa Shear Testing Equipment Market Value (US$ Mn) Analysis by End Use, 2017-2032
Figure 103: Middle East and Africa Shear Testing Equipment Market Volume (Units) Analysis by End Use, 2017-2032
Figure 104: Middle East and Africa Shear Testing Equipment Market Value Share (%) and BPS Analysis by End Use, 2022-2032
Figure 105: Middle East and Africa Shear Testing Equipment Market Y-o-Y Growth (%) Projections by End Use, 2022-2032
Figure 106: Middle East and Africa Shear Testing Equipment Market Attractiveness by Equipment Type, 2022-2032
Figure 107: Middle East and Africa Shear Testing Equipment Market Attractiveness by End Use, 2022-2032
Figure 108: Middle East and Africa Shear Testing Equipment Market Attractiveness by Country, 2022-2032
As per FMI, demand in the global shear testing equipment market is set to grow at around 3.3% to 3.6% CAGR during the forecast period (2022 to 2032)
North America will remain the most dominant shear equipment market during the forecast period.
AMETEK.Inc., Humboldt Mfg. Co., Prolific Engineers, Controls S.p.A., HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation some prominent shear testing equipment manufacturers
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