Universal Testing Machine Market Outlook, Share & Size by 2029

Four Column Testing Machine Remains in Demand

Owing to their simple test fixture and minimum sample machining requirement, four column testing machines continue to define manufacturers’ bottom lines. As four column testing machines account for nearly half of market revenues, manufacturers are significantly focused on this product category. However, four column testing machines will see a dip in their demand due to their high upfront costs, thus, are likely to lose share to other UTMs - dual and single column testing machines through 2029.

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Developed Regional Markets Leading the Way

The worldwide adoption of UTMs is primarily concentrated at the developed regions of North America and Europe, which collectively account for around 45% of total sales. The US and the UK are spearheading the regional markets respectively, with the market in former reflecting the most worthwhile sales opportunities. While these developed regional markets continue to lead the pack in the global landscape, market players are also eyeing growth potential in East Asia, owing to the thriving end-use industries – construction, automotive, and electronics & electrical.

Attracting Larger Customer Base with Application-centric Approach

Universal testing machines are finding utilization in several areas including, wood product testing, metal testing, and glass manufacturing. This increasing demand for diverse material testing is accenting for specific UTMs, which is further spurring manufacturers to develop UTMs wide a measuring range. Market players, therefore, must drive their focus on the application-centric approach in order to expand their global customer base.

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How Growth will Unfold

The automotive industry will remain the key contributor to the global revenues of universal testing machines throughout the forecast period. Used to determine mechanical test data including, design stiffness, and material rigidity, a significant portion of stakeholders’ investments will remain channelized towards this end-use industry. Following the same scenario, adoption of UTMs in the textile and paper & plastics industries is expected to rise rapidly, accenting collective revenues worth around US$ 200 Million in 2029.

Universal Testing Machine Market

UNIVERSAL TESTING MACHINE MARKET TAXONOMY

The global universal testing machine market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product:

Single Column Testing Machines
Dual Column Testing Machines
Four Column Testing Machines

End Use:

Automotive
Paper & Plastic
Textiles
Electronics & Electricals
Aerospace Material Testing
Construction Material Testing
Research & Academia
Others

Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

Frequently Asked Questions

What is the Growth Outlook for the Universal Testing Machine Market?

The universal testing machine market is likely to secure a CAGR of 4.2% through 2029.

By 2029, How Much can the Universal Testing Machine Market Grow?

The universal testing machine market size is estimated to cross US$ 644 Mn by 2029.

What is the Current Valuation of the Universal Testing Machine Market?

The universal testing machine market is likely to record a value of US$ 427 Mn in 2020.

Which Region is likely to Lead the Universal Testing Machine Market?

North America is likely to lead the universal testing machine market.

Table of Content

1. Executive Summary
1.1. Global Market Overview
1.2. Global Market Analysis
1.3. Demand-Side Trends
1.4. Supply-Side Trends
1.5. FMI Analysis & Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Key Success Factors
4. Global Universal Testing Machine Market Demand Analysis 2014-2018 and Forecast, 2019-2029
4.1. Historical Market Volume (Mn Units) Analysis, 2014-2018
4.2. Current and Future Market Volume (Mn Units) Projections, 2019-2029
4.3. Y-o-Y Growth Trend Analysis
5. Global Universal Testing Machine Market - Pricing Analysis
6. Global Universal Testing Machine Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.3. Y-o-Y Growth Trend Analysis
6.4. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global Population Overview
7.1.2. GDP Growth by Region
7.1.3. Global Construction Industry Snapshot
7.1.4. Construction Spending Overview
7.1.5. Global Construction Sector Overview
7.1.6. Global Industry Value Added
7.1.7. Global Mining Exploration Spending
7.1.8. World Minerals Exploration Spending Overview
7.2. Forecast Factors
7.3. Value Chain Analysis
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunities
7.4.4. Trends
8. Global Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029, By Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis by Product Type, 2014 – 2018
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Product Type, 2019 - 2029
8.3.1. Single Column Testing Machine
8.3.2. Dual Column Testing Machine
8.3.3. Four Column Testing Machine
8.4. Market Attractiveness Analysis by Product Type
9. Global Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029, by End Use Industry
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis by End Use Industry, 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by End Use Industry, 2019 – 2029
9.3.1. Automotive
9.3.2. Paper & Plastic
9.3.3. Textile
9.3.4. Electronics & Electrical
9.3.5. Aerospace Material Testing
9.3.6. Construction Material Testing
9.3.7. Research & Academia
9.3.8. Others
9.4. Market Attractiveness Analysis by End Use Industry
10. Global Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029, by Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Analysis by Region, 2014 – 2018
10.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast by Region, 2019 – 2029
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Middle East & Africa
10.3.5. East Asia
10.3.6. South Asia
10.3.7. Oceania
10.4. Market Attractiveness Analysis by Region
11. North America Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
11.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
11.3.1. By Country
11.3.1.1. U.S.
11.3.1.2. Canada
11.3.2. By Product Type
11.3.3. By End Use Industry
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By End Use Industry
12. Latin America Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
12.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Rest of Latin America
12.3.2. By Product Type
12.3.3. By End Use Industry
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By End Use Industry
13. Europe Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
13.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. Italy
13.3.1.3. France
13.3.1.4. UK
13.3.1.5. Spain
13.3.1.6. Russia
13.3.1.7. Rest of Europe
13.3.2. By Product Type
13.3.3. By End Use Industry
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By End Use Industry
14. East Asia Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
14.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Product Type
14.3.3. By End Use Industry
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By End Use Industry
15. South Asia Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
15.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Indonesia
15.3.1.4. Malaysia
15.3.1.5. Rest of South Asia
15.3.2. By Product Type
15.3.3. By End Use Industry
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By End Use Industry
16. Middle East & Africa Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
16.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
16.3.1. By Country
16.3.1.1. Turkey
16.3.1.2. GCC Countries
16.3.1.3. South Africa
16.3.1.4. Northern Africa
16.3.1.5. Rest of MEA
16.3.2. By Product Type
16.3.3. By End Use Industry
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By End Use Industry
17. Oceania Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2014 - 2018
17.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2019 - 2029
17.3.1. By Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. By Product Type
17.3.3. By End Use Industry
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By End Use Industry
18. Emerging Countries Universal Testing Machine Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. India Universal Testing Machine Market Analysis
18.2.1. Introduction
18.2.2. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.2.2.1. By Product Type
18.2.2.2. By End Use Industry
18.3. China Universal Testing Machine Market Analysis
18.3.1. Introduction
18.3.2. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.3.2.1. By Product Type
18.3.2.2. By End Use Industry
18.4. Northern Africa Universal Testing Machine Market Analysis
18.4.1. Introduction
18.4.2. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.4.2.1. By Product Type
18.4.2.2. By End Use Industry
19. Market Structure Analysis
19.1. Competition Developments - Summary of Findings
19.2. Market Concentration by Top Players
19.3. Tier Structure Analysis
19.4. Value Share Analysis of Top 5 Players
19.5. Market Presence Analysis
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Drive
20.3.1. Illinois Tool Works Inc.
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.1.4.1. Marketing Strategy
20.3.1.4.2. Product Strategy
20.3.1.4.3. Channel Strategy
20.3.2. Shimadzu Corporation
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.2.4.1. Marketing Strategy
20.3.2.4.2. Product Strategy
20.3.2.4.3. Channel Strategy
20.3.3. PCE Deutschland GmbH
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.3.4.1. Marketing Strategy
20.3.3.4.2. Product Strategy
20.3.3.4.3. Channel Strategy
20.3.4. AMETEK, Inc.
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.4.4.1. Marketing Strategy
20.3.4.4.2. Product Strategy
20.3.4.4.3. Channel Strategy
20.3.5. MTS Systems Corporation
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.5.4.1. Marketing Strategy
20.3.5.4.2. Product Strategy
20.3.5.4.3. Channel Strategy
20.3.6. Keysight Technologies
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.6.4.1. Marketing Strategy
20.3.6.4.2. Product Strategy
20.3.6.4.3. Channel Strategy
20.3.7. Matest S.p.A
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.7.4.1. Marketing Strategy
20.3.7.4.2. Product Strategy
20.3.7.4.3. Channel Strategy
20.3.8. Tinius Olsen Ltd
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.8.4.1. Marketing Strategy
20.3.8.4.2. Product Strategy
20.3.8.4.3. Channel Strategy
20.3.9. ADMET, INC.
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.9.4.1. Marketing Strategy
20.3.9.4.2. Product Strategy
20.3.9.4.3. Channel Strategy
20.3.10. Hegewald & Peschke
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
20.3.10.4.1. Marketing Strategy
20.3.10.4.2. Product Strategy
20.3.10.4.3. Channel Strategy
20.3.11. Shenzhen Wance Testing Machine Co., Ltd
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Sales Footprint
20.3.11.4. Strategy Overview
20.3.11.4.1. Marketing Strategy
20.3.11.4.2. Product Strategy
20.3.11.4.3. Channel Strategy
20.3.12. Zwick/Roell
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Sales Footprint
20.3.12.4. Strategy Overview
20.3.12.4.1. Marketing Strategy
20.3.12.4.2. Product Strategy
20.3.12.4.3. Channel Strategy
21. Assumptions and Acronyms Used
22. Research Methodology