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The material testing equipment market share should rise by USD 1.31 billion from 2021 to 2025 at a CAGR of 4.20%.
This material testing equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (NDT, UTM, SHTM, ITM, and HTM) and geography (APAC, North America, Europe, MEA, and South America). The material testing equipment market report also offers information on several market vendors, including ADMET Inc., AMETEK Inc., Amphenol Corp., Applied Test Systems, Hegewald and Peschke, Illinois Tool Works Inc., Shimadzu Corp., TA Instruments, Tinius Olsen Ltd., and ZwickRoell GmbH & Co. KG among others.
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The increase in the number of oil and gas and power generation projects is notably driving the material testing equipment market growth, although factors such as the need for high maintenance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the material testing equipment industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This material testing equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The vendor landscape of the material testing equipment market entails successful business strategies deployed by the vendors. The material testing equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the material testing equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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44% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for material testing equipment in APAC.
The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing residential construction market will facilitate the material testing equipment market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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