Material Testing Market By Test Type (Adhesion Testing, Bending / Flexural Testing, Coefficient of Friction Testing, Compression Testing and Others) By Equipment (Universal Testing Machines, Servo Hydraulic Testing Machines, Hardness Testing Machines, Impact Testing Machines and Others), By Material (Alloys, Polymers, Rubber, Metals, And Others), By End Users Industry (Building or Aircraft Construction, Machinery, Packaging and Others) and Geography  

Material Testing Market was valued at USD 633.7 Million in 2022 and is anticipated to grow at USD 785.8 Million till 2029 recording a CAGR of 4.5% from 2023 - 2029. The global material testing market. owing to increasing requirements related to manufacturing standards for all fields and increasing educational research activities. Moreover, increasing the adoption of material testing by using different materials such as alloys, polymers, rubber, metals and using different types of raw materials, and testing their mechanical strength to improve and maintain the quality are driving the growth of this industry market. However, the high cost of equipment of material testing and the lack of skilled operators may hinder the market growth.

Material Testing Market Key Development :

• In February 2020, Materials testing equipment and software developer Instron announced the launch of the Torsion Add-On 3.0 for universal testing systems.  

• In August 2019, MTS appointed new distributors in Thailand, Central America and Eastern Europe and in November 2019, MTS Expands Presence in Wind Energy and Aerospace Markets through acquisition of Danish engineering firm.