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Metal Testing Market Size, Share and Forecast 2026

(EnergyIndustry.Net, September 12, 2019 ) Market Overview

• Metal Testing equipment are generally used to validate the viability, morphology of the grain structure, and durability of the metals prior to its usage in industries. Metal testing equipment are used in various fields such as automobile industries, aerospace, and oil & gas industries.

• The conventional techniques used to identify the morphology and strength of the metal is by Universal testing machine, bending machine, torsion machine and hardness testing machines. The Current advanced technologies used in the testing of raw metal and metal products across the industries includes ultrasonic testing, magnetic particle testing, radiographic testing and others.



Market Dynamics:

• Growing production of metal industry-end products, and aerospace products associated with an increase in investments by the major players in the manufacturing industry for non-destructive equipment for providing accurate quality tests to meet the global demand for high quality and reliable products are the factors driving the global metal testing market in recent years.

• According to the study published in the World Steel Organization in 2018, the global production of steel ingots has increased from 56.988 million tons in 2016 to 58.963 million tons in 2017.

• Growing production of steel ingots associated with expansions of production plants of steel industries across the globe are the factors expected to boost the sales of Non-destructive testing equipment across the globe.

• The gradual increase in production of aircrafts and space systems associated with an increase in investment by the major players in the aerospace industry to produce high-quality parts to meet the standards is expected to boost the global metal testing market during the forecast period. According to the data published in Aerospace Industry Association in 2018, the annual production of civil aircrafts, Defense Systems, military aircrafts, and naval systems in the United States has increased from 3341 units in 2016 to 3657 units in 2017 providing equal market growth for global metal testing market.

• Growing demand for sophisticated metal measurement equipment for structural, morphological and strength analysis from research development institutes associated with an increase in establishments of research and development laboratories across the globe in the various industry to meet the consumer demand is expected to boost the global metal testing market during the forecast period.

Restraints:

• High cost associated with the non-destructive testing equipment associated with lack of availability of trained personal operating the advanced testing equipment are the factors hindering the growth of global metal testing market.



Market Segmentation

• By testing type, the global metal testing market is further segment into destructive testing and non-destructive testing. Destructive testing is further segmented into tensile testing, hardness testing, impact testing, bend testing, and others. Non-destructive testing is further segmented into ultrasonic testing, magnetic particle testing, radiographic testing, and others.

• Non-destructive testing methods are expected to dominate the global metal testing market owing to its high precision and accuracy nature and initial cost associated with prototype led to an increase in adoption of advanced testing equipment for validation.

• In July 2018, the nuclear research institute and Ghana Atomic Energy Commission initiated the usage of Non-destructive equipment to reduce the potential disasters.

• By end-users, the global metal testing market segment is further segmented into research & development laboratories, metal and steel industries, construction, and others.

• Metal and steel industries are expected to dominate the global metal testing market owing to extensive usage of Destructive and Non-destructive testing equipment in identifying the material properties for individual end-products and ingots associated with an increase in demand for high-quality equipment by the automobile manufacturers and other manufacturers.

• Research & Development laboratories are expected to grow at a higher pace during the forecast period owing to increase in investment by the major industry players for the development of the innovative product to improve their presence in the competitive industry across the globe associated with the growing demand for sophisticated equipment for material morphology and strength testing.

• In February 2019, Element Testing service supplier launched 20,700 ft testing laboratory in Sheffield, UK targeting aerospace industry with an investment of USD 250,000 in immersion ultrasonic testing, dye penetrant inspection, eddy current inspection and magnetic particle inspection.





https://www.datamintelligence.com/download-sample/metal-testing-market">Geographical Analysis

• By geography, the global metal testing market is segmented into North America, South America, Asia Pacific, Europe, Middle-East and Africa.

• North America dominates the global metal testing market owing to high presence and growing output of manufacturing industry associated with an increase in investment by the companies to meet the industry standards with minimal production loss through non-destructive testing techniques. Increase in adoption of automated technologies across the region led to an increase in investment by the manufacturers in the automated Non-Destructive technologies.

• United states dominate the North America metal testing market owing to the presence of stringent regulations and quality standards in product outputs and simultaneous investment by the regional players in sophisticated testing equipment for improved productivity with limited scrap.

• High presence of research and development laboratories in various industries to improve their product portfolio and increased to student-industry research programs Is expected to additionally contribute to the growth of United States metal testing market.

• According to the data published in U.S Energy Information Administration in 2019, the United States production of Crude oil increased from 111,822 BBL/D/1k in 2017 to 131,356 BBL/D/1k in 2018. The gradual increase in production of crude oil across the United States and growing investment by the non-destructive testing equipment for carrying out predictive maintenance activities in oil & gas industry are additionally contributing to the growth of U.S metal testing market.

• Asia Pacific region is expected to grow at a higher pace during the forecast period owing to the high presence of electronics and manufacturing industry and rapid adoption of destructive testing techniques and non-destructive testing techniques by the regional & global players to improve their presence in the industry and across the globe.

• China dominates the Asia-Pacific metal testing market due to the high presence of automobile, electronics, aerospace & defense industry and greater investment by major players in the industry across the region to better productivity and quality in their output.

• According to the data published in National Statistics Bureau of Statistics in 2018, the establishments of R&D institutions increased from 6456 units in 2016 to 7018 units in 2017 while expenditure increased from USD 367 million in 2016 to USD 391.807 million in 2017. Growing establishments of new research & development centers across the globe associated with an increase in expenditure on R&D in the manufacturing industry are additionally contributing to the growth of China metal testing market.



Competitive Analysis

• Global Metal Testing market is highly fragmented with high numbers of global players and regional players present in the industry. The industry is highly competitive with respect to current advancements in the non-destructive technologies through start-ups.

• The key strategies adopted by prominent players in the global Metal Testing market include product launches through technological innovations in non-destructive testing techniques to meet consumer demand from various industries.

• Some of the key players in the global metal cutting tool market includes ZwickRoell Group, Olympus Corporation, SGS Group, and Presto Testing Instruments.

• In June 2019, Testia launched the latest version of Smart EU1 with Ultrasonic, Eddy current, and Resonance non-destructive testing.

• In October 2018, Eddify Technologies launched handheld portable dry-coupled Silverwing R-Scan Ultrasonic inspection solution to meet the growing demand for battery operated and portable systems for oil & gas industries.

• In October 2018, Sepha launched Sepha Multi-Q a standalone, multi-functional non-destructive leak test system suitable for pharmaceutical, medical device and nutraceutical industries.





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