Universal Tester (UTM) Market by Product (Electromechanical UTM, Hydraulic UTM), by Application (Automotive, Manufacturing, Construction & Building, Petrochemicals & Chemicals, Aerospace & Defense) and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity 2016-2027

This diversity makes the Universal Testing Machine equally applicable to virtually any manufacturing industry. The analysts forecast the global universal tester market to exhibit a CAGR of 4.5% during the period 2019 2024. The report covers the present scenario and the growth prospects of the global universal tester for 2019 2024. To calculate the market size, the report considers the universal tester sales volume and revenue.

A universal testing machine (UTM), also known as a universal tester, materials testing machine or materials test frame, is used to test the tensile strength and compressive strength of materials. An earlier name for a tensile testing machine is a tensometer. The "universal" part of the name reflects that it can perform many standard tensile and compression tests on materials, components, and structures. The worldwide adoption of UTMs is primarily concentrated at the developed regions of North America and Europe, which collectively account for around 45% of total sales. The US and the UK are spearheading the regional markets respectively, with the market in former reflecting the most worthwhile sales opportunities. While these developed regional markets continue to lead the pack in the global landscape, market players are also eyeing growth potential in East Asia, owing to the thriving end-use industries – construction, automotive, and electronics & electrical. The automotive industry will remain the key contributor to the global revenues of universal testing machines throughout the forecast period. Used to determine mechanical test data including, design stiffness, and material rigidity, a significant portion of stakeholders’ investments will remain channelized towards this end-use industry. Universal testing machines are finding utilization in several areas including, wood product testing, metal testing, and glass manufacturing. This increasing demand for diverse material testing is accenting for specific UTMs, which is further spurring manufacturers to develop UTMs wide a measuring range. Market players, therefore, must drive their focus on the application-centric approach in order to expand their global customer base.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product, and application.

Geographically, the global universal tester market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub segments from 2019 to 2024.
North America (U.S., Canada, Mexico, etc.)
Asia Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

On the basis of product, the global universal tester market is segmented into:
Electromechanical UTM
Hydraulic UTM

Based on application, the universal tester market is segmented into:
Automotive
Manufacturing
Construction & Building
Petrochemicals & Chemicals
Aerospace & Defense

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global universal tester market are:
ADMET, Inc.
AMETEK Inc.
Applied Test Systems LLC
Changchun Kexin Test Instrument Co., Ltd.
Controls S.p.A.
ETS Intarlaken Technologies
Hegewald & Peschke Meß und Prüftechnik GmbH
Illinois Tool Works Inc. (Instron)
Jinan Shijin Group Corporation
Jinan Tianchen Testing Machine Manufacturing Co., Ltd. (TENSON)
Keysight Technologies, Inc.
MTS Systems Corporation
Qualitest International Inc.
SCITEQ A/S
Shenzhen SUNS Technology Stock Co., Ltd.
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Objective of the study:
To analyze and forecast the market size of global universal tester market.
To classify and forecast global universal tester market based on region, product, and application.
To identify drivers and challenges for global universal tester market.
To examine competitive developments such as expansions, mergers & acquisitions, etc., in global universal tester market.
To conduct pricing analysis for global universal tester market.
To identify and analyze the profile of leading players operating in global universal tester market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
Manufacturers of universal tester
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to universal tester

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with universal tester suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.

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Manmayi Raval

Research Consultant

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