The report [123 pages] "Material Testing Market by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Test Equipment), End-Use Industry (Automotive, Construction, Educational Institutions), Material, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the market is estimated at USD 633.6 Million in 2017, and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022.
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Ceramics and composites is the fastest-growing material segment of the material testing market. The increasing demand for ceramics in the medical and electrical & electronics industry and composites in the aerospace and automotive industries are driving the growth of this segment. Growing demand for aircrafts in growing economies due to increasing standard of living and population is driving the market for the aerospace industry, which in turn drives the market for the material testing market.
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Material Testing Market, By Type
7 Material Testing Market, By Material
8 Material Testing Market, By End-Use Industry
9 Material Testing Market, By Region
10 Competitive Landscape
11 Company Profile
Asia Pacific is the fastest-growing market for material testing. Increasing population, growing urbanization, and increasing investments in infrastructural projects drive the overall industrial growth in this region. All these factors are expected to be favorable for the growth of the material testing market.
Key players operating in the Material Testing Market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the Material Testing Market.
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Read our blog for more details: https://chemabd007.blogspot.com/2019/03/material-testing-market-likely-to-reach.html
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