The need to provide the customer a durable and reliable product is the only driving factor of shock test machines and in the newest report from Future Market Insights, it is forecasted that the market will show a CAGR of 5 to 6% in the forecast period 2021-2031. Historically, the market saw a steady growth in the analytic period 2016-2020, and is projected to show optimistic growth outlook in the long run.
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What is Driving Demand for Shock Test Machines?
One of the major drivers of the shock testing systems market is the rising demand for shock testing machines to check the brittleness of a part in an environment of different mechanical shock levels. As a result, the demand for shock testing systems is growing due to the need to ensure a product's consistency and long-term viability.
Industries are developing advanced shock testing machines to ensure the precise breakage point, sensitivity, and other characteristics of products in order to improve product protection and quality. The need for quality product to the customer is driving the sales of these machines to a new height since the last decade.
Automotive Recovery Likely to Augment Shock Test Machines
Automotive sales around the globe have been impacted by COVID-19-induced slowdown. This has also had a ripple effect on automotive component and material sales. As lightweight is a key focus area for automotive OEMs, shock test machine manufacturers are likely to witness sustained opportunities in the future.
The demand for light in weight but durable products has gained importance in the last decade and will be manipulative move by many manufacturers in order to keep accord with the industry 4.0 norms
These machines are also extensively used in aerospace industry in order to test equipment and check their reliability. Although lockdown and shelter-at-home guidelines have meant restricted manufacturing activities, sales are likely to improve over the course of the assessment period.
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U.S. and Canada Shock Test Machines Outlook
Shock test machine is designed to simulate the transport environment non-repetitive high impact conditions, through the impact of the appropriate application, to detect the transport of weaknesses and certain features of the degradation of the situation. The automotive manufacturing industry in U.S. and Canada has grown since its beginning.
The demand only sowed during the periods of great depression and rose when the ceased. There was constant demand for shock test machines in these countries.
In the U.S., immense military and aerospace industry has developed ever since its beginning. The United States led the ranking of countries with highest military spending in 2020, with 778 billion U.S. dollars dedicated to the military.
Although the coronavirus pandemic has had an immense impact on the commercial airline industry, the trends in the private jet industry and charter aviation have shown comparatively positive results. This very fact kept the cash flowing in the shock testing machines market as the demand never shrank from military even during the FY2020.
In 2021, the construction sector's recovery would have an effect on US revenues. The US construction sector faces a challenging year, however, there is increasing hope that low mortgage rates will lead to a spurt in early 2022. The momentum is expected to continue, giving a boost to a variety of testing equipment, including shock testing machines.
Asia Demand Outlook for Shock Test Machines
In Asia, countries such as China and India are anticipated to account for significant shares in the testing equipment market, as these countries have prominent manufacturers of 2-wheelers and commercial vehicles and thus, offer lucrative opportunities for the development of the sales for these equipment in the market during the forecast period.
Manufacturing processes have changed ever since the Industry 4.0 norms have been introduced. The processes include testing, prototyping and maneuvering the production process as a motive to bring continuous improvement.
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Who are the Key Manufacturers and Suppliers of Shock Test Machines?
Some of the leading manufacturers and suppliers of shock test machines are
Technology will continue to play a critical role in the testing equipment ecosystem. Key players operating in the testing equipment marketplace are integrating emerging technologies within their existing ecosystem, which has helped to improve products and in turn the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, 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 segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
