PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1819094
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1819094
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%.
Scope of the Report | |
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Years Considered for the Study | 2022-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) |
Segments | Type, Material, and End-User |
Regions covered | Asia Pacific, North America, Europe, the Middle East & Africa, and South America |
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.
"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.
"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.
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).
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.