North America Material Testing Market Size By Material(Metal, Plastics, Rubber and Elastomer, Ceramics and Composites, and Others), By End-User(Automotive, Educational Institutions, Construction, Aerospace & Defense, Medical Devices Power, Power, and Others.), By Geographic Scope And Forecast

North America Material Testing Market Size And Forecast

North America Material Testing Market was valued at USD 166.40 Million in 2020 and is projected to reach USD 248.13 Million by 2028, growing at a CAGR of 5.39% from 2021 to 2028.

The escalating focus on the quality of good and the increase in importance to meet manufacturing standards such as ASTM and ISO are the key factors that have boosted the growth of the material testing market. The North America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Material Testing?

Material Testing is a technique for analyzing the quality of the product with respect to material, its functioning, safety, reliability and various physical and chemical properties. It is performed for range of the applications for gaining insight related to tested materials, prototypes or product samples. The material testing measures the characteristics as well as behavior of the metals and non-metals, when exposed to various external conditions. It includes various methodologies for analyzing and investigating the properties of the materials. These material testing is in accordance with the ISO, ASTM, and other standards.

The material testing includes various mechanical, physical and chemical testing methods for examining tensile strength, compressive strength, aging characters or chemical composition, bending strength, and many other characteristics. This technique is used across manufacturing, research and development and educational institutes for processing the materials. The advantage of the material testing is it reduces any probability of the errors or defects, which may arise at any part of the manufacturing.

North America Material Testing Market Overview

It's getting more and more crucial to make sure stuff is actually good, and meeting those ASTM and ISO standards is a big deal. That's really helped the material testing market grow! I mean, think about itASTM and ISO are like the rulebooks for how materials should be used, from metals to paints, even your clothes and that bottle of petroleum in the garage. Everyone uses them – scientists, engineers, even government agencies – to be sure materials are top-notch. Plus, manufacturers want the best, most efficient machines, which needs more testing! And with all the new factories popping up and construction booming, especially in certain areas, material testing is only going to get bigger.

However, wastage of resources in damaging testing and volatility in the prices are the factors that are restraining the growth pf the market. Nevertheless, the growing demand for material testing equipment such as universal testing machines, hardness test equipment, servo-hydraulic testing machine, and impact test equipment and their widespread use in various industries such as automotive, aerospace & defense, medical, and food packaging industry can create a lucrative growth opportunity to the market.

North America Material Testing MarketSegmentation Analysis

The North America Material Testing Market is segmented on the basis of Material, End-User, and Geography.

North America Material Testing Market by Material

• Metal
• Plastics
• Rubber and Elastomer
• Ceramics and Composites
• Others

To Get Summarized Market Report By Material- 

Based on Material, the market is bifurcated into Metal, Plastics, Rubber and Elastomer, Ceramics and Composites, and Others. This segment of the Material Testing market is dominated by a Metal segment. Expanding application of different metals across automotive, construction and aerospace industry is driving the demand for the metal testing. In addition to this, growing demand for new metals such as advanced high strength steel (AHSS), aluminum alloys, magnesium alloys and others in the automotive vehicles to improve efficiency and curb weight of the vehicles is further supporting the growth of the market.

North America Material Testing Market by End-User

• Automotive
• Educational Institutions
• Construction
• Aerospace & Defense
• Medical Devices Power
• Power
• Others

To Get Summarized Market Report By End-User-

On the basis of End-User, the North America Material Testing Market has been segmented into Automotive, Educational Institutions, Construction, Aerospace & Defense, Medical Devices Power, Power, and Others. Construction segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 5.22% during the forecast period. Increasing pressure on the construction companies for offering high quality construction materials and products at a cheaper price is driving the demand for the testing of new materials. Stringent building standards imposed to maintain safety and durability of the infrastructure is another factor favoring the market growth.

North America Material Testing Market by Geography

• U.S.
• Canada
• Mexico

To Get Summarized Market Report By Geography-

On the basis of Geography, the North America Material Testing Market is classified into U.S., Canada, and Mexico. U.S. is expected to hold the largest market share of the Material Testing Market over the forecast period followed by Canada. The US government is rolling out favorable initiatives to boost the construction sector through investment, is anticipated to push the market growth. The emergence of new materials such as durable concrete, self–compacting concrete, air cleaning bricks, and various eco-friendly materials, creates the potential for material testing.

Key Players in the North America Material Testing Market

The “North America Material Testing Market” study report will provide a valuable insight with an emphasis on the North America market. The major players in the market are  WPS Inc., Intertek Group Plc, Applus, Eurofins Scientific, Micom Inc., Applied Technical Services, and the rest others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Key Developments in North America Material Testing Market

North America Material Testing Market Report Scope

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We dig deep into the market, looking at both the numbers (quantitative) and the less tangible things (qualitative), breaking it all down by segmentation based on economic and other factors. You'll get market values in USD Billion for every segment and sub-segment. We'll point out which region and segment are likely to grow the fastest and be the biggest. Our analysis breaks down product/service consumption by region, explaining the factors influencing each market. We cover the competitive scene, ranking the major players and highlighting new service/product launches, partnerships, expansions, and acquisitions from the last five years. You'll also find detailed company profiles with overviews, insights, product benchmarking, and SWOT analysis for the key players. Get a handle on the current and future market outlook, considering recent developments like growth opportunities, drivers, and the challenges facing both new and established regions. We also offer an in-depth look using Porter's five forces and give you Value Chain insight. Expect a market dynamics scenario, showcasing future growth opportunities, and don't forget our 6-month post-sales analyst support!

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