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Material Testing Market likely to reach beyond 785.7 Million USD by 2022 at a CAGR of 4.4%

[123 Pages Report] Material Testing Market was valued at USD 610.0 Million in 2016 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% during the forecast period. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

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 Target Audience:
  • Manufacturers of Heat Transfer Fluids
  • Chemical Suppliers
  • Traders, Distributors, and Suppliers of Material testing
  • Raw Material Suppliers
  • Government and Research Organizations
  • Industry Associations
The report analyzes key growth strategies adopted by the leading market players between 2015 and 2017. Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), Tinius Olsen (US), and Ametek (US) are the key players operating in the material testing market. These companies adopted various strategies, such as new product launches, mergers & acquisitions, and investments & expansions to strengthen their presence in the material testing market.

 Instron is a leading company operating in the material testing market. It has adopted new product launches as its major strategy. Introduction of new products such as TestMaster AT3 in September 2015, material testing software Bluehill in February 2017, and video extensometer AVE 2 in January 2015 strengthened the company’s product portfolio. The company earns steady revenue through its varied electrochemical and static hydraulic industrial series and is expanding its operating segments, globally. It aims to be the most valuable and reliable material testing company, globally.

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 Zwick Roell adopted other strategies such as, investments & expansions and mergers & acquisitions to grow in the material testing market. In November 2015, the company opened its sales and service office in Japan. This development enabled the company to further enhance its operation in the Japanese market. In October 2015, the company launched new electro-dynamic testing machine for dynamic fatigue tests and static testing of components. This development strengthened the company’s product portfolio. In February 2015, the company acquired LATZKE Prüfmaschinen-Service (Germany), which offers products and services in harness testing. This expansion helped the company increase revenues and profit margins by expanding in Germany.

Key players operating in the Material Testing Market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the Material Testing Market.

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