Material testing equipment is generally referred to as analysis of various mechanical properties of materials such as hardness, thickness, moisture, corrosion, and others. Material testing is usually a destructive type of testing used for finding out properties of materials before its use in manufacturing a particular product. Growing importance of manufacturing quality products is driving the growth of the market.
The Middle East and Africa Material Testing Equipment Market Segments Size & Growth:
The Middle East and Africa material testing equipment market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. Key growth factors influencing the market growth involves growing importance of manufacturing quality products, economic benefits, growing demand from composite and plastic and plastic processing industries and investments made by the different organisational bodies are the factors favouring the growth of the market. However, high initial cost of installation and wastage of resources in destructive testing with political and economic uncertainties are hampering the market growth.
The Middle East and Africa Material Testing Equipment Market Segments Share:
The Middle East and Africa material testing equipment market share are categorised into type, material, end user, and geography. Based on Type, the market is segmented into mechanical testing and non-destructive testing in which mechanical testing is further classified into universal testing machines, servo-hydraulic testing machines, hardness testing equipment and impact testing equipment. Universal testing machines are holding to the major share in the market and accounted for over 56% of the market share. UTM’s perform tests such as bending, compression, tension and some other properties of material and augmented demand for liquid fuel worldwide propelling the demand for the pipeline infrastructure, driving the growth of the material testing equipment market. Non-destructive testing is classified into flaw detectors, hardness & strength testers, thickness gauges and others (moisture, corrosion, and others). It is testing of objects for their flaws and imperfections. NDT methods are expected to witness major technological innovations over the forecast period.
The material is segmented into plastics, metal, rubber & elastomer and ceramics & composites. These materials have their properties and are used according to their functionalities. Ceramics and composites are expected to be the fastest growing material segment of material testing equipment market owing to the high demand from aerospace & defence, automotive and construction industries. Due to its advanced material properties, these materials have great demand in these industries.
End users are automotive, construction, educational institutes, aerospace & defence, medical devices, power and others. Among which power is projected to be the fastest growing segment attributed to increasing investments in the wind energy sector by emerging economies. Educational institutions are holding the largest share in the market owing to the increasing R&D activities and collaboration with industries for better product developments.
Geographical analysis of material testing equipment market is given as regions Middle East region and Africa region. Oil and gas industries have a great demand in this region. The performance of highly complex oil and gas infrastructure assets are always of high quality and are safe, compliant and ultimately fit for purpose. The way in corrosion testing, coatings testing, asset life management, failure analysis, metallurgical testing, advanced materials testing, hardness testing and environmental testing and non-destructive inspection with recognised capabilities in critical welding services, including weld procedures and weld certification services for pipelines and other oil and gas infrastructure assets are driving the material testing equipment market in this region.
The Middle East and Africa Material Testing Equipment Market Trends:
- Need for automated testing machines, i.e. less human intervention & more accuracy and speed are the reasons for consumers expecting automation of testing machines.
- Impact of declining oil prices.
- Evolution of IOT and big data analytics that is material testing software.
The Middle East and Africa Material Testing Equipment Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Instron
- Zwick Roell Group
- MTS systems corporation
- Shimadzu Corporation
- Tinius Olsen TMC
Along with these companies, there were many other companies considered/cited in the report while analysing the global material testing equipment market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in automobile sales.
4.1.2 Growing importance of manufacturing quality products.
4.1.3 Economic benefits associated with Astm standards.
4.2 Restraints & Challenges
4.2.1 High initial cost of installation.
4.2.2. Wastage of resources in destructive testing.
4.2.3. Political and economic uncertainties.
4.3 Opportunities
4.3.1 Growing demand from composite and plastic processing industries.
5 Middle East and Africa Material Testing Equipment Market – By Type
5.1 Introduction
5.2 Mechanical Testing
5.2.1 Universal testing machines
5.2.2 Servo-hydraulic testing machines
5.2.3 Hardness testing equipment
5.2.4 Impact testing equipment
5.3 Non-destructive testing
5.3.1 Flaw detectors
5.3.2 Hardness & strength testers
5.3.3 Thickness gauges
5.3.4 Others (Moisture, corrosion, and others)
6 Middle East and Africa Material Testing Equipment Market – By Material
6.1 Metal
6.2 Plastics
6.3 Rubber & elastomer
6.4 Ceramics & composites
7 Middle East and Africa Material Testing Equipment Market – By End user
7.1 Automotive
7.2 Construction
7.3 Educational institutions
7.4 Aerospace & defense
7.5 Medical devices
7.6 Power
7.7 Others
8 Middle East and Africa Material Testing Equipment Market – By Geography
8.1 the Middle East and Africa
8.1.1 Middle East
8.1.2 Africa
8.1.3 Others
9 Middle East and Africa Material Testing Equipment Market – Competitive Landscape
9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Market Share Analysis
9.3 Strategies Adopted By Top Companies
10 Middle East and Africa Material Testing Equipment Market – Company Profiles
10.1 Instron
10.2 Zwick Roell Group
10.3 MTS systems corporation
10.4 Shimadzu corporation
10.5 Tinius Olsen TMC
10.6 Ametek Inc.
10.7 ADMET
10.8 Hegewald & Peschke
10.9 Applied test systems
10.10 Mitutoyo America Corporation
11 Market Insights
11.1 Insights of Industry Experts
11.2 Analyst Opinion (Market Understanding)
11.3 Investment Opportunities
12 Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
