Mechanical Test Equipment market was valued at US$ 2906.2 million in 2022 and is anticipated to reach US$ 3682.8 million by 2029

 

Mechanical Test Equipment Market Size

The global Mechanical Test Equipment market was valued at US$ 2906.2 million in 2022 and is anticipated to reach US$ 3682.8 million by 2029, witnessing a CAGR of 3.4% during the forecast period 2023-2029.

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Mechanical testing reveals the elastic and inelastic behavior of a material when force is applied. A mechanical test shows whether a material or part is suitable for its intended mechanical applications by measuring elasticity, tensile strength, elongation, hardness, fracture toughness, impact resistance, stress rupture, and fatigue limit.

The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global Mechanical Test Equipment key players include MTS, Shimadzu, ZwickRoell, Instron Corporation, Hegewald & Peschke, etc. Global top five manufacturers hold a share about 55%.

Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America, both have a share about 45 percent.

In terms of product, Special Testing Machine is the largest segment, with a share about 45%. And in terms of application, the largest application is Manufacturing, followed by Scientific Institutions.

Segment by Type

• Universal Testing Machine
• Fatigue Testing Machine
• Special Testing Machine

Segment by Application

• Manufacturing
• Civil Engineering
• Pharmaceutical Industry
• Scientific Institutions
• Others

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