Universal Testing Machine Market By 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) & Region - Forecast to 2019 - 2029
Market Insights on Universal Testing Machine covering sales outlook, demand forecast and up-to-date key trends
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 Mn in 2029.
FREQUENTLY ASKED QUESTIONS ON GLOBAL UNIVERSAL TESTING MACHINE MARKET
What is the growth outlook for the universal testing machine market?
Universal testing machines are used to test mechanical properties of materials, such as tensile strength, compressive strength, flexural, friction, fracture strength, hardness, fracture resistance, creep rate, and others. Therefore, manufacturers prefer UTMs instead of instruments that can measure only one mechanical property. Increasing production of materials such as glass, metal, paper & plastic, rubber & ceramic, cement & concrete, automotive materials, and wood products is estimated to drive market growth in the near future.
Which application area holds potential growth opportunities for market players?
While textile industry continues to influence growth strategies, as it holds a major share in the universal testing machine market, growing demand for universal testing machines from automotive and paper & plastic industries is projected to boost the market share of these sectors in the near future.
Which end users will be the key contributors to growth of universal testing machine market?
Automotive industry remains the preeminent revenue contributor to UTM market. The industry demands UTM for measuring yield, tensile, fatigue, and compression strengths of automotive parts, in addition to testing of seating textiles, door trim panels, rubber bumpers, and seating foam. Increasing adoption by construction and textile industries will be a major highlight of UTM market in the near future.
What is the degree of competition in the universal testing machine market?
The universal testing machine market shows a perfect competition structure, with a good number of global and regional market players. In the current scenario, industry leaders such as Instron (Illinois Tool Works), AMETEK, Shimadzu Corporation, Keysight Technologies, Zwick/Roell, and MTS Systems Corporation collectively hold more than one-fourth of the total revenue share.
Which region will lead the global sales of universal testing machines?
North America remains in the forefront of the universal testing machine market, with high demand from end-use industries. Moreover, end users of universal testing machines are engaging in expansions, collaborations, and key strategic developments to expand their foothold in this region.
Which trend would be influencing sales of universal testing machine sales over the following years?
Several end users, particularly facing a budget constraint, prefer retrofitting of their older universal testing machines rather than investing in new machines altogether. Upgrades in terms of functions and supplies allows for remarkable cost savings. A number of companies are thus offering universal testing machine retrofitting packages, which would influence new machine sales.
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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
The universal testing machine market is likely to secure a CAGR of 4.2% through 2029.
The universal testing machine market size is estimated to cross US$ 644 Mn by 2029.
The universal testing machine market is likely to record a value of US$ 427 Mn in 2020.
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 Factors4. 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 Analysis6. 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 Used22. Research Methodology
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List of Tables
Table 01: Global Universal Testing Machine Market Value (US$ Mn) and Volume (units) Analysis by Product Type, 2014-2029
Table 02: Global Universal Testing Machine Market Value (US$ Mn) Analysis by End-use Industry, 2014-2029
Table 03: Global Universal Testing Machine Market Size (US$ Mn) and Volume (Units) Forecast by Region, 2014–2029
Table 04: North America Universal Testing Machine Market Value (US$ Mn) Analysis by Country, 2014-2029
Table 05: North America Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 06: North America Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 07: Latin America Universal Testing Machine Market Value (US$ Mn) Analysis by Country, 2014-2029
Table 08: Latin America Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 09: Latin America Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 10: Europe Universal Testing Machine Market Value (US$ Mn) Analysis by Country, 2014-2029
Table 11: Europe Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 12: Europe Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 13: East Asia Universal Testing Machine Market Value (US$ Mn) Analysis by Country, 2014-2029
Table 14: East Asia Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 15: East Asia Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 16: South Asia Universal Testing Machine Market Value (US$ Mn) Analysis by Country, 2014-2029
Table 17: South Asia Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 18: South Asia Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 19: Middle East & Africa Universal Testing Machine Market Volume (Units) Analysis by Country, 2014-2029
Table 20: Middle East & Africa Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 21: Middle East & Africa Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 22: Oceania Universal Testing Machine Market Volume (Units) Analysis by Country, 2014-2029
Table 23: Oceania Universal Testing Machine Market Value (US$ Mn) Analysis by Product Type, 2014-2029
Table 24: Oceania Universal Testing Machine Market Value (US$ Mn) Analysis by End Use Industry, 2014-2029
Table 25: China Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By Product Type
Table 26: China Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By End Use Industry
Table 27: India Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By Product Type
Table 28: India Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By End Use Industry
Table 29: Northern Africa Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By Product Type
Table 30: Northern Africa Universal Testing Machine Market Value (US$ Mn) and Volume (Units) Historical Data 2014 – 2018 and Forecast 2019 – 2029 By End Use Industry
