Market Research Report
Global Rubber Testing Equipment Market - 2021-2028
|Global Rubber Testing Equipment Market - 2021-2028|
Published: January 7, 2022
Content info: 180 Pages
Delivery time: 2 business days
The Global "Rubber Testing Equipment Market" is Expected to reach at a CAGR of 5.7% during the forecast period (2021-2028).
The mechanical industry uses synthetic rubber to make tires, matting, belts, flooring and other machine parts. Rubber testing equipment is used to inspect the quality and functionality of these rubber materials. Electronic, electrical and mechanical testing equipment are all examples of testing equipment.
Rubber testing types of equipment are used to check the rubber material's viability, stability and durability before using it in any industry. The rubber market is growing in the automotive industry, medical and safety. Therefore, rubber testing equipment is expected to grow during the forecast period.
Technological advancements in rubber testing for smart tires in automated vehicles are expected to drive the market. However, the high ownership cost of rubber testing equipment for small and medium scale businesses is expected to hinder the market.
Technological advancements in rubber testing for smart tires in automated vehicles are expected to drive the market
Several technological advancements have occurred in the sector, ranging from incorporating automated processes to introducing software management tools and intelligent testing approaches. Tire testing thoroughly examines various characteristics, including durability and endurance, force and moment, indoor tread wear, accelerated aging, government regulation testing and failure analysis.
As a result, tire companies like Goodyear are investing more in cutting-edge transportation projects like Gatik's driverless trucks. For example, in October 2021, Goodyear invested in Gatik's US$ 85 million Series B fundraising round and technologized a technical relationship with the AV Company.
For many years, Goodyear and other tire manufacturers have been actively developing tires incorporating a range of sensors for measuring rubber pressure and other parameters. The sightline system from the tire manufacturer contains a sensor positioned on the tread's inner side that can incorporate pressure sensors and accelerometers.
Some fleets are already using these for more precise tire pressure monitoring. Data can be gathered and uploaded to a cloud service where machine learning systems can analyze it in real-time to deliver predictive alerts about impending tire failures, wear or maintenance needs.
High ownership cost of rubber testing equipment for small and medium scale businesses is expected to hinder the market
Rubber testing equipment has a high ownership cost, making them prohibitive for small and medium scale industries. Some of the types of equipment are expensive to purchase and install and thus result in high deployment. Apart from being costly, they require large space to be set up. Therefore, the value proposition for industries gets reduced as they are costly and need much space to be set up.
During the initial months of the COVID-19 outbreak, the automotive industry slammed on the brakes. For instance, sales in China decreased 71% in February 2020; by April, sales in U.S. had declined 47% and sales in Europe had dropped 80%. On the other hand, automakers globally saw rapid production levels from the third quarter of 2020 to the first quarter of 2021. The pandemic has accelerated trends across the mobility value chain built before it, as it has in other industries and geographic locations.
Based on application, the rubber testing equipment market is segmented into tires, general consumer goods, industrial rubber products, general polymer and others.
Rubber testing equipment for tires is commonly used to determine rubber and other materials' tensile strength and elongation. The apparatus is built specifically for tire testing, both dynamic and static. It identifies tire characteristics and performance and the impact of tire design on vehicle dynamics. Tire testing entails a thorough examination of various characteristics, including durability and endurance, force and moment, indoor tread wear, accelerated aging, government regulation testing and failure analysis.
The global rubber testing equipment market has been driven by an increase in the number of vehicles having off-the-road tires, such as OTR, heavy truck tires, light truck and passenger car tires. Developing new tire testing methodologies, including endurance and severe run-out testing, has expanded the market.
Companies are designing and installing new rubber testing equipment to meet the increased demand. Smithers, for example, built new tire durability testing tools at its Tire and Wheel Testing Laboratory in Suzhou, China, in September 2021 to better serve its clients. Engineers at Smithers will test tires for ozone resistance and low-temperature endurance and simulate environmental challenges like UV light and temperature variations.
The rubber testing equipment market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.
The market for industrial rubber products in North America is progressively rebounding because of a turnaround in motor vehicle production and a recovering manufacturing sector. U.S. is one of the world's largest automakers, producing about 8 million passenger automobiles annually. Since Honda opened its first plant in U.S., nearly every automotive company from Japan, Korea and Europe has opened one or more plants in U.S.
Furthermore, Canada's automobile industry is globally competitive and a significant contributor to the country's economy. Although the country is losing its manufacturing base, it still produces over 2.1 million cars per year, which drives the rubber testing equipment market. Canada is the world's eighth-largest car producer, with over five heavy-duty assembly factories, 540 OEMs, 400 dealerships and numerous other automotive-related sectors. Because this business is the largest contributor to the country's manufacturing industry, demand for rubber testing equipment is high.
The rubber testing equipment market is highly competitive with several end-use industries such as automotive and aerospace companies, resulting in high investment by multinational and local companies, contributing to the major share in the market growth. In addition, major players contributing to the market's growth are Alpha Technologies, TA Instruments, U-Can Dynatex Inc., Montech Rubber Testing Instruments, Goettfert Inc., Smithers, Elastocon AB, Global Equipments, Asian Test Equipments, Gotech Testing Machines Inc. and others. In addition, the companies are adopting growth strategies such as expansions, acquisitions, product launches and collaborations, contributing to the market growth globally.
Overview: Alpha Technologies, a Roper Technologies company, is a U.S.-based, specializing in instruments and software designing and manufacturing. For production optimization and product compliance solutions, the company delivers advanced precision rubber and elastomeric materials analysis. It is headquartered in Hudson, Ohio, U.S.
Product Portfolio: Alpha Technologies offers an extensive product line that includes material process analyzers, viscometers, rheometers, density and hardness testers, dispersion analyzers, physical property testers, universal testers and others.
In October 2018, Alpha Technologies introduced the ESR (Encapsulated Sample Rheometer) premier instrument line, which is more sensitive in measuring glass transition temperature, cure, gel point and viscosity. It also has an 8x quicker data rate per cycle for advanced sampling and processing.
Visualize the composition of the rubber testing equipment market segmentation by type of testing, technology, frequency range, application, end-user and region, highlighting the key commercial assets and players.
Identify commercial opportunities in the rubber testing equipment market by analyzing trends and co-development deals.
Excel data sheet with thousands of rubber testing equipment market data points - level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global rubber testing equipment market report would provide an access to an approx. 77 market data table, 83 figures and 180 pages.
Manufacturers of Testing Equipment
Traders, Distributors and Suppliers of Testing Equipment
Investment Research Firms