材料試験市場規模、セグメント分析、2030年までの世界予測

Material Testing Market - Global Forecast To 2030

材料試験市場 - タイプ(万能試験機、油圧サーボ試験機、硬度試験装置)、材質(金属、プラスチック、ゴム、エラストマー)、エンドユーザー(自動車、建設)、地域別 - 2030年までの世界予測
Material Testing Market by Type (Universal Testing Machine, Servohydraulic Testing Machine, Hardness Testing Equipment), Material (Metal, Plastic, Rubber & Elastomer), End User (Automotive, Construction), & Region - Global Forecast to 2030

商品番号 : SMB-87052

出版社MarketsandMarkets
出版年月2025年9月
ページ数250
図表数318
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、材​​料試験市場を種類、材料、エンドユーザー、地域に基づいてセグメント化し、様々な地域における市場全体の推定価値を示しています。また、主要業界プレーヤーの詳細な分析を実施し、材料試験市場に関連する事業概要、製品・サービス、主要戦略、新製品の発売、事業拡大、合併・買収に関する洞察を提供しています。

本調査レポートは、業界分析(業界動向)、主要企業の市場ランキング分析、企業プロフィールなど、様々なレベルの分析に焦点を当てています。これらを組み合わせることで、競争環境、材料試験市場における新興・高成長セグメント、高成長地域、そして市場牽引要因、制約要因、機会、課題に関する全体像を把握できます。

材料試験市場は、2025年の8億7,190万米ドルから2030年には10億7,090万米ドルに達し、年平均成長率(CAGR)4.2%で成長すると予測されています。材料試験市場は、自動車、航空宇宙、建設などの業界における品質保証の需要の高まりにより成長を続けています。この需要を牽引しているのは、安全性と性能に関する規制の厳格化、そしてAI、自動化、デジタル化といった分野における技術の進歩です。これらの技術は、精度、効率性、そしてターンアラウンドタイムを向上させます。その結果、メーカーは製品の信頼性を向上させ、欠陥を減らし、市場投入までの時間を短縮することができ、材料試験分野の持続的な成長に貢献します。

The material testing market is projected to reach USD 1,070.9 million by 2030 from USD 871.9 million in 2025, at a CAGR of 4.2%. The material testing market is growing due to an increasing demand for quality assurance in industries such as automotive, aerospace, and construction. This demand is driven by stricter safety and performance regulations, as well as technological advancements in areas like AI, automation, and digitalization. These technologies enhance accuracy, efficiency, and turnaround times. As a result, manufacturers can improve product reliability, reduce defects, and accelerate time-to-market, contributing to sustained growth in the material testing sector.

材料試験市場規模、セグメント分析、2030年までの世界予測
Material Testing Market – Global Forecast To 2030

“Based on end-user, educational institutions account for the largest share in the material testing market during the forecast period.”

Educational institutions are expected to hold the largest share of the material testing market during the forecast period. This is largely due to significant government and business-based research and development efforts. Schools need to acquire innovative testing equipment to experiment with and fully understand new materials before they teach the next generation of engineers and scientists. The continuous evolution of innovations and updates to course materials, particularly in advanced testing solutions, greatly influences the overall value of the market.

“Hardness testing equipment is the second-fastest-growing type in the material testing market during the forecast period.”

Hardness testing equipment is the second-fastest-growing type in the material testing equipment market because of the growing demand for accurate quality assessment in metals, plastics, and rubber manufacturing, especially given the high-volume industrial manufacturing process. The automated and AI-enhanced testers have improved testing precision and a more significant throughput, allowing this type of testing equipment to be critical in industries that require consistent performance materials, such as automotive and aerospace. At the same time, as the materials testing equipment industry has continued to place more emphasis on lightweight and advanced materials, specialist hardness testing has continued to grow due to logistical requirements. In addition, the influence of global quality standards and regulations on the manufacturers and industrial producers continues to fuel growth in the hardness testing equipment sector.

材料試験市場規模、セグメント分析、2030年までの世界予測 - 地域
Material Testing Market – region

“Based on region, Asia Pacific accounts for the largest share and is the fastest-growing region in the material testing market, in terms of value.”

The Asia Pacific region accounts for the largest share of the material testing market and is also the fastest-growing market. This growth is driven by rapid industrialization, infrastructure expansion, and a growing manufacturing base in countries such as China, India, and Japan. Additional factors contributing to market growth include increased government investments, a rising adoption of advanced testing technologies, and higher quality standards. The demand for material testing services in this region is further heightened by a large consumer base supported by developing economies.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:

  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
  • By Designation: Directors – 35%, Managers – 25%, and Others – 40%
  • By Region: North America – 22%, Europe – 22%, Asia Pacific – 45%, and RoW – 11%

The key players in this market are Illinois Tool Works Inc. (US), ZwickRoell (Germany), Shimadzu Corporation (Japan), Tinius Olsen (US), Ametek (US), Mitutoyo Corporation (Japan), QATM (Germany), ERICHSEN GmbH & Co. KG (Germany), Hegewald & Peschke (Germany), and Nova Measurements LLC (US).

材料試験市場規模、セグメント分析、2030年までの世界予測 - 対象となる企業
Material Testing Market – ecosystem

Research Coverage

This report segments the material testing market based on type, material, end user, and region, and provides estimations for the overall market value across various regions. It has also conducted a detailed analysis of key industry players to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the material testing market.

Key Benefits of Buying This Report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles. Together, these provide an overall view of the competitive landscape, emerging and high-growth segments of the material testing market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing demand for quality assurance and regulatory compliance across industries and rapid technological advancements in testing equipment), restraints (high cost of advanced material testing equipment and associated maintenance and a shortage of skilled professionals capable of operating sophisticated testing systems), opportunities (expanding use of advanced materials such as nanomaterials, biomaterials, and composites that require specialized testing solutions), and challenges (high capital investment and operational costs associated with advanced testing equipment).
  • Market Penetration: Comprehensive information on the material testing market offered by top players in the global material testing market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the material testing market.
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the material testing market across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global material testing market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the material testing market.

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   23

1.3           STUDY SCOPE   24

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      24

1.3.2        INCLUSIONS & EXCLUSIONS OF STUDY 25

1.3.3        YEARS CONSIDERED      25

1.3.4        CURRENCY CONSIDERED            26

1.3.5        UNIT CONSIDERED        26

1.4           STAKEHOLDERS               26

1.5           SUMMARY OF CHANGES               26

2               RESEARCH METHODOLOGY       27

2.1           RESEARCH DATA              27

2.1.1        SECONDARY DATA          28

2.1.1.1    List of key secondary sources              28

2.1.1.2    Key data from secondary sources       28

2.1.2        PRIMARY DATA 29

2.1.2.1    Key data from primary sources           29

2.1.2.2    List of primary interview participants — demand and supply sides                 29

2.1.2.3    Key industry insights           30

2.1.2.4    Breakdown of interviews with experts               30

2.2           MARKET SIZE ESTIMATION         30

2.2.1        BOTTOM-UP APPROACH              31

2.2.2        TOP-DOWN APPROACH                31

2.3           FORECAST NUMBER CALCULATION       32

2.4           DATA TRIANGULATION                33

2.5           FACTOR ANALYSIS          34

2.6           ASSUMPTIONS  34

2.7           LIMITATIONS & RISKS   35

3               EXECUTIVE SUMMARY  36

4               PREMIUM INSIGHTS       39

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MATERIAL TESTING MARKET    39

4.2           MATERIAL TESTING MARKET, BY TYPE 39

4.3           MATERIAL TESTING MARKET, BY MATERIAL      40

4.4           MATERIAL TESTING MARKET, BY END USER       40

4.5           MATERIAL TESTING MARKET, BY KEY COUNTRY                 41

5               MARKET OVERVIEW       42

5.1           INTRODUCTION              42

5.2           MARKET DYNAMICS       42

5.2.1        DRIVERS               43

5.2.1.1    Growth in infrastructure and construction       43

5.2.1.2    Technological advancements in testing equipment        43

5.2.1.3    Stringent regulatory standards and quality assurance    43

5.2.2        RESTRAINTS      44

5.2.2.1    High initial costs and maintenance    44

5.2.2.2    Complexity of testing advanced materials        44

5.2.3        OPPORTUNITIES              45

5.2.3.1    Adoption of Industry 4.0 technologies              45

5.2.3.2    Rise of additive manufacturing           45

5.2.4        CHALLENGES    46

5.2.4.1    High costs of advanced equipment    46

5.2.4.2    Economic and supply chain disruptions            46

6               INDUSTRY TRENDS         47

6.1           VALUE CHAIN ANALYSIS               47

6.1.1        RAW MATERIAL SUPPLIERS         47

6.1.2        MANUFACTURERS           47

6.1.3        DISTRIBUTORS 48

6.1.4        END USERS         48

6.2           ECOSYSTEM ANALYSIS  48

6.3           PORTER’S FIVE FORCES ANALYSIS           49

6.3.1        THREAT OF NEW ENTRANTS      50

6.3.2        THREAT OF SUBSTITUTES          50

6.3.3        BARGAINING POWER OF SUPPLIERS       51

6.3.4        BARGAINING POWER OF BUYERS             51

6.3.5        INTENSITY OF COMPETITIVE RIVALRY 51

6.4           KEY STAKEHOLDERS AND BUYING CRITERIA     52

6.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           52

6.4.2        QUALITY              52

6.4.3        SERVICE               53

6.4.4        BUYING CRITERIA           53

6.5           TRADE ANALYSIS             54

6.5.1        EXPORT SCENARIO (HS CODE 9024)        54

6.5.2        IMPORT SCENARIO (HS CODE 9024)        55

6.6           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            56

6.7           TECHNOLOGY ANALYSIS             56

6.7.1        KEY TECHNOLOGIES     57

6.7.1.1    Proportional-integral-derivative controllers    57

6.7.1.2    Hydraulic actuators              57

6.7.2        COMPLEMENTARY TECHNOLOGIES       58

6.7.2.1    Finite element analysis software         58

6.7.2.2    Digital image correlation     58

6.8           MACROECONOMIC INDICATORS              58

6.8.1        GDP TRENDS AND FORECASTS 58

6.9           PRICING ANALYSIS          60

6.9.1        AVERAGE SELLING PRICE, BY REGION   60

6.9.2        AVERAGE SELLING PRICE OF END USERS, BY KEY PLAYER 61

6.10         REGULATORY LANDSCAPE         62

6.10.1      NORTH AMERICA             62

6.10.2      ASIA PACIFIC     63

6.10.3      EUROPE               63

6.10.4      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             64

6.11         IMPACT OF AI/GEN AI   66

6.12         KEY CONFERENCES AND EVENTS             66

6.13         CASE STUDY ANALYSIS 67

6.13.1      GRINM GROUP DOUBLES HIGH-TEMPERATURE TENSILE TESTING EFFICIENCY USING ZWICKROELL’S EXTENSOMETRY SOLUTION       67

6.13.2      SPC WERKSTOFFLABOR ENHANCES EFFICIENCY AND RELIABILITY IN METALS TESTING WITH ZWICKROELL’S AUTOMATED HARDNESS TESTING SOLUTIONS                68

6.13.3      LEIBNIZ UNIVERSITY HANOVER ADVANCES PLANT-SOIL INTERACTION RESEARCH USING ZWICKROELL’S ALLROUNDLINE TESTING SYSTEM TO SIMULATE ROOT GROWTH             68

6.14         INVESTMENT AND FUNDING SCENARIO               69

6.15         PATENT ANALYSIS          70

6.15.1      INTRODUCTION              70

6.15.2      LEGAL STATUS OF PATENTS      71

6.15.3      JURISDICTION ANALYSIS              71

6.16         IMPACT OF 2025 US TARIFF – OVERVIEW              72

6.16.1      INTRODUCTION              72

6.16.2      KEY TARIFF RATES          72

6.16.3      PRICE IMPACT ANALYSIS             73

6.16.4      IMPACT ON COUNTRY/REGION                73

6.16.4.1  US           73

6.16.4.2  Europe   74

6.16.4.3  Asia Pacific            75

6.16.5      IMPACT ON END-USE INDUSTRIES          76

7               MATERIAL TESTING MARKET, BY TYPE 77

7.1           INTRODUCTION              78

7.2           UNIVERSAL TESTING MACHINES              80

7.2.1        COST-EFFECTIVENESS AND ABILITY TO PERFORM MULTIPLE TESTS

ON SINGLE PLATFORM TO DRIVE ADOPTION   80

7.3           SERVOHYDRAULIC TESTING MACHINES               80

7.3.1        ABILITY TO HANDLE LARGE LOAD CAPACITIES TO SUPPORT ADOPTION    80

7.4           HARDNESS TESTING EQUIPMENT           81

7.4.1        VITAL ROLE IN QUALITY CONTROL AND MATERIAL CHARACTERIZATION

TO DRIVE MARKET         81

7.5           IMPACT TESTING EQUIPMENT 81

7.5.1        RISING DEMAND TO EVALUATE TOUGHNESS, FRACTURE RESISTANCE,

AND IMPACT STRENGTH IN END-USE INDUSTRIES TO FUEL MARKET GROWTH          81

7.6           OTHER TYPES   81

8               MATERIAL TESTING MARKET, BY MATERIAL      82

8.1           INTRODUCTION              83

8.2           METAL 85

8.2.1        WIDESPREAD USE ACROSS INDUSTRIES TO DRIVE ADOPTION         85

8.3           PLASTIC               85

8.3.1        INCREASING DEMAND FOR LIGHTWEIGHT, COST-EFFECTIVE, AND

VERSATILE MATERIALS TO DRIVE MARKET         85

8.4           RUBBER & ELASTOMER 85

8.4.1        GROWING DEMAND FOR HIGH-PERFORMANCE ELASTOMERS IN ELECTRIC VEHICLES AND AEROSPACE COMPONENTS TO PROPEL MARKET      85

8.5           CERAMIC & COMPOSITE               86

8.5.1        UNIQUE COMBINATION OF STRENGTH, DURABILITY, AND LIGHTWEIGHT PROPERTIES TO PROPEL ADOPTION                 86

8.6           OTHER MATERIALS        86

9               MATERIAL TESTING MARKET, BY END USER       87

9.1           INTRODUCTION              88

9.2           AUTOMOTIVE INDUSTRY            90

9.2.1        COMPLIANCE WITH STRINGENT EMISSION STANDARDS TO DRIVE MARKET               90

9.3           CONSTRUCTION INDUSTRY       91

9.3.1        INCREASING NUMBER OF LARGE-SCALE INFRASTRUCTURE PROJECTS

TO PROPEL MARKET      91

9.4           EDUCATIONAL INSTITUTIONS 92

9.4.1        VITAL ROLE IN ADVANCING RESEARCH AND LEARNING TO SUPPORT

MARKET GROWTH          92

9.5           AEROSPACE & DEFENSE INDUSTRY         92

9.5.1        GROWING FOCUS ON LIGHTWEIGHT MATERIALS TO ENHANCE FUEL EFFICIENCY TO PROPEL MARKET           92

9.6           MEDICAL DEVICE INDUSTRY     93

9.6.1        RISE OF PERSONALIZED MEDICINE AND 3D-PRINTED IMPLANTS

TO DRIVE MARKET         93

9.7           POWER INDUSTRY          93

9.7.1        GROWING SHIFT TOWARD RENEWABLE ENERGY AND SMART GRIDS TO SUPPORT MARKET GROWTH                 93

9.8           OTHER END USERS         94

10            MATERIAL TESTING MARKET, BY REGION           95

10.1         INTRODUCTION              96

10.2         NORTH AMERICA             98

10.2.1      US           104

10.2.1.1  Innovation and regulatory rigor in high-tech industries to fuel

market growth       104

10.2.2      CANADA               105

10.2.2.1  Surge in sustainability and zero-emission technology advancements to fuel market              105

10.2.3      MEXICO                107

10.2.3.1  Nearshoring and industrial localization in global supply chains

to drive market      107

10.3         ASIA PACIFIC     109

10.3.1      CHINA  116

10.3.1.1  Rapid technological adoption to fuel market    116

10.3.2      JAPAN   118

10.3.2.1  Precision engineering and high-quality standards to drive market                 118

10.3.3      INDIA    120

10.3.3.1  Rise of domestic startups in electric vehicles and space technology

to fuel demand      120

10.3.4      SOUTH KOREA  122

10.3.4.1  Technological innovation and export-driven economy to boost market    122

10.3.5      INDONESIA        124

10.3.5.1  Resource-rich economy and rapid urbanization to support

market growth       124

10.3.6      THAILAND          126

10.3.6.1  Government initiatives promoting industrial growth to propel market    126

10.3.7      VIETNAM             128

10.3.7.1  Low-cost manufacturing and rapid industrialization to fuel market    128

10.3.8      PHILIPPINES      130

10.3.8.1  Emerging maritime industries to drive market                 130

10.3.9      REST OF ASIA PACIFIC   132

10.4         EUROPE               134

10.4.1      GERMANY           140

10.4.1.1  Global leadership in precision manufacturing to drive market                 140

10.4.2      UK          142

10.4.2.1  Advanced research and financial sector integration to propel market    142

10.4.3      FRANCE                144

10.4.3.1  Aerospace innovation and luxury goods excellence to

accelerate adoption               144

10.4.4      ITALY    146

10.4.4.1  Presence of design-driven industries and cultural heritage preservation to drive market               146

10.4.5      SPAIN    148

10.4.5.1  Renewable energy and tourism-driven infrastructure to boost

market growth       148

10.4.6      REST OF EUROPE             150

10.5         MIDDLE EAST & AFRICA                152

10.5.1      GCC COUNTRIES              158

10.5.1.1  Saudi Arabia          158

10.5.1.1.1                Vision 2030 and mega-infrastructure projects to

propel market        158

10.5.1.2  Rest of GCC countries         160

10.5.2      SOUTH AFRICA 161

10.5.2.1  Mining excellence and infrastructure modernization to propel market    161

10.5.3      TURKEY                163

10.5.3.1  Cultural emphasis on industrial self-sufficiency to support

market growth       163

10.5.4      REST OF MIDDLE EAST & AFRICA             165

10.6         SOUTH AMERICA             167

10.6.1      BRAZIL 172

10.6.1.1  Resource exploitation and bioeconomy growth to fuel market growth    172

10.6.2      ARGENTINA       174

10.6.2.1  Agricultural innovation and industrial self-sufficiency to boost

market growth       174

10.6.3      REST OF SOUTH AMERICA           176

11            COMPETITIVE LANDSCAPE         178

11.1         OVERVIEW          178

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            179

11.3         REVENUE ANALYSIS       181

11.4         MARKET SHARE ANALYSIS           182

11.5         COMPANY VALUATION AND FINANCIAL METRICS                 184

11.6         BRAND/PRODUCT COMPARISON ANALYSIS        185

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 187

11.7.1      STARS   187

11.7.2      EMERGING LEADERS     187

11.7.3      PERVASIVE PLAYERS      187

11.7.4      PARTICIPANTS 188

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         189

11.7.5.1  Company footprint               189

11.7.5.2  Region footprint   189

11.7.5.3  Type footprint       190

11.7.5.4  Material footprint 190

11.7.5.5  End-user footprint                191

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        191

11.8.1      PROGRESSIVE COMPANIES         191

11.8.2      RESPONSIVE COMPANIES            192

11.8.3      DYNAMIC COMPANIES  192

11.8.4      STARTING BLOCKS         192

11.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 193

11.8.5.1  Detailed list of key startups/SMEs    193

11.8.5.2  Competitive benchmarking of key startups/SMEs          194

11.9         COMPETITIVE SCENARIO             196

11.9.1      PRODUCT LAUNCHES   196

11.9.2      EXPANSIONS     196

11.9.3      DEALS  197

12            COMPANY PROFILES      198

12.1         KEY PLAYERS     198

12.1.1      ILLINOIS TOOL WORKS INC.       198

12.1.1.1  Business overview 198

12.1.1.2  Products/Solutions/Services offered 199

12.1.1.3  Recent developments           202

12.1.1.3.1                Deals      202

12.1.1.4  MnM view              202

12.1.1.4.1                Key strengths        202

12.1.1.4.2                Strategic choices   202

12.1.1.4.3                Weaknesses and competitive threats 202

12.1.2      ZWICKROELL     203

12.1.2.1  Business overview 203

12.1.2.2  Products/Solutions/Services offered 203

12.1.2.3  MnM view              205

12.1.2.3.1                Key strengths        205

12.1.2.3.2                Strategic choices   205

12.1.2.3.3                Weaknesses and competitive threats 205

12.1.3      AMETEK               206

12.1.3.1  Business overview 206

12.1.3.2  Products/Solutions/Services offered 207

12.1.3.3  Recent developments           208

12.1.3.3.1                Expansions             208

12.1.3.4  MnM view              208

12.1.3.4.1                Key strengths        208

12.1.3.4.2                Strategic choices   209

12.1.3.4.3                Weaknesses and competitive threats 209

12.1.4      SHIMADZU CORPORATION         210

12.1.4.1  Business overview 210

12.1.4.2  Products/Solutions/Services offered 211

12.1.4.3  Recent developments           213

12.1.4.3.1                Product launches  213

12.1.4.4  MnM view              213

12.1.4.4.1                Key strengths        213

12.1.4.4.2                Strategic choices   213

12.1.4.4.3                Weaknesses and competitive threats 213

12.1.5      MITUTOYO CORPORATION        214

12.1.5.1  Business overview 214

12.1.5.2  Products/Solutions/Services offered 214

12.1.5.3  MnM view              215

12.1.5.3.1                Key strengths        215

12.1.5.3.2                Strategic choices   215

12.1.5.3.3                Weaknesses and competitive threats 215

12.1.6      TINIUS OLSEN   216

12.1.6.1  Business overview 216

12.1.6.2  Products/Solutions/Services offered 216

12.1.6.3  MnM view              218

12.1.6.3.1                Key strengths        218

12.1.6.3.2                Strategic choices   218

12.1.6.3.3                Weaknesses and competitive threats 218

12.1.7      QATM   219

12.1.7.1  Business overview 219

12.1.7.2  Products/Solutions/Services offered 219

12.1.7.3  MnM view              220

12.1.7.3.1                Key strengths        220

12.1.7.3.2                Strategic choices   220

12.1.7.3.3                Weaknesses and competitive threats 220

12.1.8      ERICHSEN GMBH & CO. KG          221

12.1.8.1  Business overview 221

12.1.8.2  Products/Solutions/Services offered 221

12.1.8.3  MnM view              222

12.1.8.3.1                Key strengths        222

12.1.8.3.2                Strategic choices   222

12.1.8.3.3                Weaknesses and competitive threats 222

12.1.9      HEGEWALD & PESCHKE                223

12.1.9.1  Business overview 223

12.1.9.2  Products/Solutions/Services offered 223

12.1.9.3  MnM view              224

12.1.9.3.1                Key strengths        224

12.1.9.3.2                Strategic choices   224

12.1.9.3.3                Weaknesses and competitive threats 224

12.1.10   NOVA MEASUREMENTS LLC       225

12.1.10.1                 Business overview 225

12.1.10.2                 Products/Solutions/Services offered 225

12.1.10.3                 Recent developments           226

12.1.10.3.1             Deals      226

12.1.10.4                 MnM view              226

12.1.10.4.1             Key strengths        226

12.1.10.4.2             Strategic choices   227

12.1.10.4.3             Weaknesses and competitive threats 227

12.2         OTHER PLAYERS              228

12.2.1      ADMET, INC.      228

12.2.2      HUMBOLDT MFG. CO.   229

12.2.3      STRUERS              230

12.2.4      FOUNDRAX ENGINEERING PRODUCTS LTD.       231

12.2.5      TORONTECH INC.           232

12.2.6      HUNG TA INSTRUMENT CO., LTD.           233

12.2.7      SHANGHAI JIUBIN INSTRUMENT CO., LTD.          234

12.2.8      DEVCO S.R.L      235

12.2.9      TA INSTRUMENTS           236

12.2.10   QUALITEST        237

12.2.11   APPLIED TEST SYSTEMS               238

12.2.12   JINAN LIANGONG TESTING TECHNOLOGY CO., LTD.                 239

12.2.13   MATEST               240

12.2.14   ELE INTERNATIONAL    241

12.2.15   INTERNATIONAL EQUIPMENTS                242

13            APPENDIX           243

13.1         DISCUSSION GUIDE        243

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                246

13.3         RELATED REPORTS         248

13.4         AUTHOR DETAILS           249

LIST OF TABLES

TABLE 1                LIST OF KEY SECONDARY SOURCES        28

TABLE 2                MATERIAL TESTING MARKET: ROLE OF PLAYERS IN ECOSYSTEM              49

TABLE 3                MATERIAL TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS           51

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE

END-USE INDUSTRIES   52

TABLE 5                KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              53

TABLE 6                EXPORT SCENARIO FOR HS CODE 9024-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         54

TABLE 7                IMPORT SCENARIO FOR HS CODE 9024-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD MILLION)               55

TABLE 8                PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE)

OF KEY COUNTRIES, 2019–2023   59

TABLE 9                ANNUAL GDP PERCENTAGE CHANGE AND PROJECTION OF KEY COUNTRIES,

2024–2029              60

TABLE 10              AVERAGE SELLING PRICE, BY REGION, 2022–2024 (USD/UNITS)           61

TABLE 11              AVERAGE SELLING PRICE OF END USERS, BY KEY PLAYER,

2022–2024 (USD/UNITS) 62

TABLE 12              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 13              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 14              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 15              MATERIAL TESTING MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 66

TABLE 16              US ADJUSTED RECIPROCAL TARIFF RATES                 72

TABLE 17              MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (USD MILLION)       78

TABLE 18              MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (USD MILLION)       79

TABLE 19              MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (UNITS)      79

TABLE 20              MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (UNITS)      79

TABLE 21              MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (USD MILLION)            83

TABLE 22              MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (USD MILLION)            84

TABLE 23              MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (UNITS)            84

TABLE 24              MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (UNITS)            84

TABLE 25              MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)            88

TABLE 26              MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)            89

TABLE 27              MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)            89

TABLE 28              MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)            89

TABLE 29              LIST OF MATERIAL TESTING EQUIPMENT PROVIDERS IN AUTOMOTIVE INDUSTRY              90

TABLE 30              LIST OF MATERIAL TESTING EQUIPMENT PROVIDERS IN CONSTRUCTION INDUSTRY        91

TABLE 31              MATERIAL TESTING MARKET, BY REGION, 2022–2024 (USD MILLION)       96

TABLE 32              MATERIAL TESTING MARKET, BY REGION, 2025–2030 (USD MILLION)       97

TABLE 33              MATERIAL TESTING MARKET, BY REGION, 2022–2024 (UNITS)      97

TABLE 34              MATERIAL TESTING MARKET, BY REGION, 2025–2030 (UNITS)      97

TABLE 35             NORTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            99

TABLE 36             NORTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            99

TABLE 37             NORTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY, 2022–2024 (UNITS)              99

TABLE 38             NORTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY, 2025–2030 (UNITS)              99

TABLE 39             NORTH AMERICA: MATERIAL TESTING MARKET, BY TYPE,

2022–2024 (USD MILLION)            100

TABLE 40             NORTH AMERICA: MATERIAL TESTING MARKET, BY TYPE,

2025–2030 (USD MILLION)            100

TABLE 41             NORTH AMERICA: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (UNITS)        100

TABLE 42             NORTH AMERICA: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (UNITS)        101

TABLE 43             NORTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            101

TABLE 44             NORTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            101

TABLE 45             NORTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (UNITS)             102

TABLE 46             NORTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (UNITS)             102

TABLE 47             NORTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            102

TABLE 48             NORTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            103

TABLE 49             NORTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            103

TABLE 50             NORTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            103

TABLE 51              US: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)            104

TABLE 52              US: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)            104

TABLE 53              US: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)            105

TABLE 54              US: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)            105

TABLE 55              CANADA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                106

TABLE 56              CANADA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                106

TABLE 57              CANADA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               107

TABLE 58              CANADA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               107

TABLE 59              MEXICO: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                108

TABLE 60              MEXICO: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                108

TABLE 61              MEXICO: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               109

TABLE 62              MEXICO: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               109

TABLE 63              ASIA PACIFIC: MATERIAL TESTING MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            110

TABLE 64              ASIA PACIFIC: MATERIAL TESTING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            111

TABLE 65              ASIA PACIFIC: MATERIAL TESTING MARKET, BY COUNTRY, 2022–2024 (UNITS)    111

TABLE 66              ASIA PACIFIC: MATERIAL TESTING MARKET, BY COUNTRY, 2025–2030 (UNITS)    112

TABLE 67              ASIA PACIFIC: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (USD MILLION)                112

TABLE 68              ASIA PACIFIC: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (USD MILLION)                112

TABLE 69              ASIA PACIFIC: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (UNITS)               113

TABLE 70              ASIA PACIFIC: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (UNITS)               113

TABLE 71              ASIA PACIFIC: MATERIAL TESTING MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            113

TABLE 72              ASIA PACIFIC: MATERIAL TESTING MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            114

TABLE 73              ASIA PACIFIC: MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (UNITS)   114

TABLE 74              ASIA PACIFIC: MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (UNITS)   114

TABLE 75              ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            115

TABLE 76              ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            115

TABLE 77              ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    115

TABLE 78              ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    116

TABLE 79              CHINA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                117

TABLE 80              CHINA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                117

TABLE 81              CHINA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               117

TABLE 82              CHINA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               118

TABLE 83              JAPAN: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                119

TABLE 84              JAPAN: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                119

TABLE 85              JAPAN: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               119

TABLE 86              JAPAN: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               120

TABLE 87              INDIA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                121

TABLE 88              INDIA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                121

TABLE 89              INDIA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               121

TABLE 90              INDIA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               122

TABLE 91              SOUTH KOREA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            123

TABLE 92              SOUTH KOREA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            123

TABLE 93              SOUTH KOREA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)              123

TABLE 94              SOUTH KOREA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)              124

TABLE 95              INDONESIA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            125

TABLE 96              INDONESIA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            125

TABLE 97              INDONESIA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    125

TABLE 98              INDONESIA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    126

TABLE 99              THAILAND: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)     127

TABLE 100            THAILAND: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            127

TABLE 101            THAILAND: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    127

TABLE 102            THAILAND: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    128

TABLE 103            VIETNAM: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)     129

TABLE 104            VIETNAM: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)     129

TABLE 105            VIETNAM: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    129

TABLE 106            VIETNAM: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    130

TABLE 107            PHILIPPINES: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            130

TABLE 108            PHILIPPINES: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            131

TABLE 109            PHILIPPINES: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    131

TABLE 110            PHILIPPINES: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    131

TABLE 111            REST OF ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            132

TABLE 112            REST OF ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            133

TABLE 113            REST OF ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            133

TABLE 114            REST OF ASIA PACIFIC: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            133

TABLE 115            EUROPE: MATERIAL TESTING MARKET, BY COUNTRY, 2022–2024 (USD MILLION)     135

TABLE 116            EUROPE: MATERIAL TESTING MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     135

TABLE 117            EUROPE: MATERIAL TESTING MARKET, BY COUNTRY, 2022–2024 (UNITS)    135

TABLE 118            EUROPE: MATERIAL TESTING MARKET, BY COUNTRY, 2025–2030 (UNITS)    136

TABLE 119            EUROPE: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (USD MILLION)                136

TABLE 120            EUROPE: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (USD MILLION)                136

TABLE 121            EUROPE: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (UNITS)               137

TABLE 122            EUROPE: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (UNITS)               137

TABLE 123            EUROPE: MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (USD MILLION)    137

TABLE 124            EUROPE: MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (USD MILLION)    138

TABLE 125            EUROPE: MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (UNITS)   138

TABLE 126            EUROPE: MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (UNITS)   138

TABLE 127            EUROPE: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                139

TABLE 128            EUROPE: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                139

TABLE 129            EUROPE: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               139

TABLE 130            EUROPE: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               140

TABLE 131            GERMANY: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            141

TABLE 132            GERMANY: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            141

TABLE 133            GERMANY: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    141

TABLE 134            GERMANY: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    142

TABLE 135          UK: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)            143

TABLE 136          UK: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)            143

TABLE 137          UK: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)            143

TABLE 138          UK: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)            144

TABLE 139            FRANCE: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                145

TABLE 140            FRANCE: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                145

TABLE 141            FRANCE: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               145

TABLE 142            FRANCE: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               146

TABLE 143            ITALY: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                147

TABLE 144            ITALY: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                147

TABLE 145            ITALY: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               147

TABLE 146            ITALY: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               148

TABLE 147            SPAIN: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                149

TABLE 148            SPAIN: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                149

TABLE 149            SPAIN: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               149

TABLE 150            SPAIN: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               150

TABLE 151          REST OF EUROPE: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            151

TABLE 152          REST OF EUROPE: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            151

TABLE 153          REST OF EUROPE: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            151

TABLE 154          REST OF EUROPE: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            152

TABLE 155            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            152

TABLE 156            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            153

TABLE 157            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY COUNTRY,

2022–2024 (UNITS)            153

TABLE 158            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY COUNTRY,

2025–2030 (UNITS)            153

TABLE 159            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY TYPE,

2022–2024 (USD MILLION)            154

TABLE 160            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY TYPE,

2025–2030 (USD MILLION)            154

TABLE 161            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY TYPE,

2022–2024 (UNITS)            154

TABLE 162            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY TYPE,

2025–2030 (UNITS)            155

TABLE 163            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            155

TABLE 164            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            155

TABLE 165            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY MATERIAL,

2022–2024 (UNITS)            156

TABLE 166            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY MATERIAL,

2025–2030 (UNITS)            156

TABLE 167            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            156

TABLE 168            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            157

TABLE 169            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            157

TABLE 170            MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            157

TABLE 171            SAUDI ARABIA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            158

TABLE 172            SAUDI ARABIA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            159

TABLE 173            SAUDI ARABIA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)              159

TABLE 174            SAUDI ARABIA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)              159

TABLE 175            REST OF GCC COUNTRIES: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            160

TABLE 176            REST OF GCC COUNTRIES: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            160

TABLE 177            REST OF GCC COUNTRIES: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            161

TABLE 178            REST OF GCC COUNTRIES: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            161

TABLE 179            SOUTH AFRICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            162

TABLE 180            SOUTH AFRICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            162

TABLE 181            SOUTH AFRICA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)              163

TABLE 182            SOUTH AFRICA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)              163

TABLE 183            TURKEY: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                164

TABLE 184            TURKEY: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                164

TABLE 185            TURKEY: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               164

TABLE 186            TURKEY: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               165

TABLE 187            REST OF MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                 165

TABLE 188            REST OF MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                 166

TABLE 189            REST OF MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)      166

TABLE 190            REST OF MIDDLE EAST & AFRICA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)      166

TABLE 191          SOUTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            167

TABLE 192          SOUTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            167

TABLE 193          SOUTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY, 2022–2024 (UNITS)              167

TABLE 194          SOUTH AMERICA: MATERIAL TESTING MARKET, BY COUNTRY, 2025–2030 (UNITS)              168

TABLE 195          SOUTH AMERICA: MATERIAL TESTING MARKET, BY TYPE,

2022–2024 (USD MILLION)            168

TABLE 196          SOUTH AMERICA: MATERIAL TESTING MARKET, BY TYPE,

2025–2030 (USD MILLION)            168

TABLE 197          SOUTH AMERICA: MATERIAL TESTING MARKET, BY TYPE, 2022–2024 (UNITS)        168

TABLE 198          SOUTH AMERICA: MATERIAL TESTING MARKET, BY TYPE, 2025–2030 (UNITS)        169

TABLE 199          SOUTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            169

TABLE 200          SOUTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            169

TABLE 201          SOUTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL, 2022–2024 (UNITS)             170

TABLE 202          SOUTH AMERICA: MATERIAL TESTING MARKET, BY MATERIAL, 2025–2030 (UNITS)             170

TABLE 203          SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            170

TABLE 204          SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            171

TABLE 205          SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            171

TABLE 206          SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            171

TABLE 207            BRAZIL: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (USD MILLION)                172

TABLE 208            BRAZIL: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (USD MILLION)                173

TABLE 209            BRAZIL: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)               173

TABLE 210            BRAZIL: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)               173

TABLE 211            ARGENTINA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            174

TABLE 212            ARGENTINA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            175

TABLE 213            ARGENTINA: MATERIAL TESTING MARKET, BY END USER, 2022–2024 (UNITS)    175

TABLE 214            ARGENTINA: MATERIAL TESTING MARKET, BY END USER, 2025–2030 (UNITS)    175

TABLE 215            REST OF SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (USD MILLION)            176

TABLE 216            REST OF SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (USD MILLION)            176

TABLE 217            REST OF SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2022–2024 (UNITS)            177

TABLE 218            REST OF SOUTH AMERICA: MATERIAL TESTING MARKET, BY END USER,

2025–2030 (UNITS)            177

TABLE 219            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MATERIAL

TESTING MARKET BETWEEN JANUARY 2020 AND JULY 2025                 179

TABLE 220            MATERIAL TESTING MARKET: DEGREE OF COMPETITION 182

TABLE 221            MATERIAL TESTING MARKET: REGION FOOTPRINT       189

TABLE 222            MATERIAL TESTING MARKET: TYPE FOOTPRINT       190

TABLE 223            MATERIAL TESTING MARKET: MATERIAL FOOTPRINT       190

TABLE 224            MATERIAL TESTING MARKET: END-USER FOOTPRINT       191

TABLE 225            MATERIAL TESTING MARKET: DETAILED LIST OF KEY STARTUPS/SMES              193

TABLE 226            MATERIAL TESTING MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (1/2)   194

TABLE 227            MATERIAL TESTING MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (2/2)   195

TABLE 228            MATERIAL TESTING MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2025     196

TABLE 229            MATERIAL TESTING MARKET: EXPANSIONS, JANUARY 2020–JULY 2025               196

TABLE 230            MATERIAL TESTING MARKET: DEALS, JANUARY 2020–JULY 2025  197

TABLE 231            ILLINOIS TOOL WORKS INC.: COMPANY OVERVIEW          198

TABLE 232            ILLINOIS TOOL WORKS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    199

TABLE 233            ILLINOIS TOOL WORKS INC.: DEALS, JANUARY 2020–JULY 2025  202

TABLE 234            ZWICKROELL: COMPANY OVERVIEW     203

TABLE 235            ZWICKROELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    203

TABLE 236            AMETEK: COMPANY OVERVIEW                206

TABLE 237            AMETEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED             207

TABLE 238            AMETEK: EXPANSIONS, JANUARY 2020–JULY 2025        208

TABLE 239            SHIMADZU CORPORATION: COMPANY OVERVIEW          210

TABLE 240            SHIMADZU CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    211

TABLE 241            SHIMADZU CORPORATION: PRODUCT LAUNCHES, JANUARY 2020–JULY 2025     213

TABLE 242            MITUTOYO CORPORATION: COMPANY OVERVIEW          214

TABLE 243            MITUTOYO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    214

TABLE 244            TINIUS OLSEN: COMPANY OVERVIEW   216

TABLE 245            TINIUS OLSEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 246            QATM: COMPANY OVERVIEW    219

TABLE 247            QATM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             219

TABLE 248            ERICHSEN GMBH & CO. KG: COMPANY OVERVIEW          221

TABLE 249            ERICHSEN GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 250            HEGEWALD & PESCHKE: COMPANY OVERVIEW                 223

TABLE 251            HEGEWALD & PESCHKE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    223

TABLE 252            NOVA MEASUREMENTS LLC: COMPANY OVERVIEW          225

TABLE 253            NOVA MEASUREMENTS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    225

TABLE 254            NOVA MEASUREMENTS LLC: DEALS, JANUARY 2020–JULY 2025  226

TABLE 255            ADMET, INC.: COMPANY OVERVIEW       228

TABLE 256            HUMBOLDT MFG. CO.: COMPANY OVERVIEW                 229

TABLE 257            STRUERS: COMPANY OVERVIEW               230

TABLE 258            FOUNDRAX ENGINEERING PRODUCTS LTD.: COMPANY OVERVIEW   231

TABLE 259            TORONTECH INC.: COMPANY OVERVIEW                 232

TABLE 260            HUNG TA INSTRUMENT CO., LTD.: COMPANY OVERVIEW          233

TABLE 261            SHANGHAI JIUBIN INSTRUMENT CO., LTD.: COMPANY OVERVIEW   234

TABLE 262            DEVCO S.R.L: COMPANY OVERVIEW       235

TABLE 263            TA INSTRUMENTS: COMPANY OVERVIEW                 236

TABLE 264            QUALITEST: COMPANY OVERVIEW         237

TABLE 265            APPLIED TEST SYSTEMS: COMPANY OVERVIEW                 238

TABLE 266            JINAN LIANGONG TESTING TECHNOLOGY CO., LTD.: COMPANY OVERVIEW       239

TABLE 267            MATEST: COMPANY OVERVIEW                240

TABLE 268            ELE INTERNATIONAL: COMPANY OVERVIEW                 241

TABLE 269            INTERNATIONAL EQUIPMENTS: COMPANY OVERVIEW          242

LIST OF FIGURES

FIGURE 1              MATERIAL TESTING MARKET SEGMENTATION AND REGIONAL SCOPE 24

FIGURE 2              MATERIAL TESTING MARKET: RESEARCH DESIGN                27

FIGURE 3              MATERIAL TESTING MARKET: BOTTOM-UP APPROACH         31

FIGURE 4              MATERIAL TESTING MARKET: TOP-DOWN APPROACH         31

FIGURE 5              MATERIAL TESTING MARKET: MARKET SIZE ESTIMATION – TOP-DOWN APPROACH 32

FIGURE 6              DEMAND-SIDE FORECAST PROJECTIONS                 32

FIGURE 7              MATERIAL TESTING MARKET: DATA TRIANGULATION             33

FIGURE 8              UNIVERSAL TESTING MACHINES TO DOMINATE MARKET DURING

FORECAST PERIOD         36

FIGURE 9              METAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       37

FIGURE 10            AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    37

FIGURE 11            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 38

FIGURE 12            GROWING DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE MARKET  39

FIGURE 13            UNIVERSAL TESTING MACHINES TO REGISTER HIGHEST CAGR DURING

FORECAST PERIOD         39

FIGURE 14            CERAMIC & COMPOSITE SEGMENT TO REGISTER HIGHEST GROWTH

DURING FORECAST PERIOD       40

FIGURE 15            AEROSPACE & DEFENSE SEGMENT TO REGISTER HIGHEST GROWTH

DURING FORECAST PERIOD       40

FIGURE 16            INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         41

FIGURE 17            MATERIAL TESTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          42

FIGURE 18            MATERIAL TESTING MARKET: VALUE CHAIN ANALYSIS            47

FIGURE 19            MATERIAL TESTING MARKET: ECOSYSTEM                 48

FIGURE 20            MATERIAL TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS           50

FIGURE 21            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE

END-USE INDUSTRIES   52

FIGURE 22            KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              53

FIGURE 23            EXPORT DATA FOR HS CODE 9024-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      54

FIGURE 24            IMPORT DATA FOR HS CODE 9024-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      55

FIGURE 25            MATERIAL TESTING MARKET: TRENDS AND DISRUPTIONS IMPACTING

CUSTOMER BUSINESS   56

FIGURE 26            AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD/UNITS) 61

FIGURE 27           AVERAGE SELLING PRICE TREND OF END USERS, BY KEY PLAYER,

2022–2024 (USD/UNITS) 62

FIGURE 28            INVESTMENT AND FUNDING SCENARIO, 2021–2024 (USD MILLION)       69

FIGURE 29            PATENTS APPLIED AND GRANTED, 2014–2024                 70

FIGURE 30            LEGAL STATUS OF PATENTS (2014–2024)                 71

FIGURE 31            TOP JURISDICTIONS      71

FIGURE 32            UNIVERSAL TESTING MACHINES SEGMENT TO DOMINATE MARKET IN 2025       78

FIGURE 33            CERAMIC & COMPOSITE SEGMENT TO WITNESS HIGHEST GROWTH

FROM 2025 TO 20230       83

FIGURE 34            AUTOMOTIVE SEGMENT TO DOMINATE MARKET IN 2025                88

FIGURE 35            INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       96

FIGURE 36            NORTH AMERICA: MATERIAL TESTING MARKET SNAPSHOT          98

FIGURE 37            ASIA PACIFIC: MATERIAL TESTING MARKET SNAPSHOT          110

FIGURE 38            EUROPE: MATERIAL TESTING MARKET SNAPSHOT          134

FIGURE 39            REVENUE ANALYSIS OF TOP PLAYERS IN MATERIAL TESTING MARKET,

2022–2024 (USD BILLION)             181

FIGURE 40            MATERIAL TESTING MARKET SHARE ANALYSIS, 2024        182

FIGURE 41            VALUATION OF LEADING COMPANIES IN MATERIAL TESTING MARKET, 2024          184

FIGURE 42            FINANCIAL METRICS OF LEADING COMPANIES IN MATERIAL

TESTING MARKET, 2024                 185

FIGURE 43            MATERIAL TESTING MARKET: BRAND/PRODUCT COMPARISON ANALYSIS        186

FIGURE 44            MATERIAL TESTING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       188

FIGURE 45            MATERIAL TESTING MARKET: COMPANY FOOTPRINT       189

FIGURE 46            MATERIAL TESTING MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                192

FIGURE 47            ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT          199

FIGURE 48            AMETEK: COMPANY SNAPSHOT                207

FIGURE 49            SHIMADZU CORPORATION: COMPANY SNAPSHOT          211