Global Hardness Testing Machine Market Overview:
The hardness test is the most extensively used technique, easy to carry out and more accurate than other kinds of evaluations. The hardness test is typically used to estimate materials that are too coarse or that have an exterior that is too harsh for other test techniques. Universal testing machines are the largest portion of the material testing market, owing to its contemptible availability and its wide usage in various industries
The Hardness testing market was valued at USD 631.7 Million in 2017 and is projected to reach USD 783.6 Million by 2023, at a compound annual growth rate of around 4.1% from 2017 to 2022.
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Global Hardness Testing Machine Market Drivers and Restraints:
The expanding demand in the educational institutions is encouraging the hardness testing machine market. The increasing necessity to meet production standards, such as ASTM, and ISO, have resulted in a huge demand for this testing equipment. Educational institutions are the greatest segment of the hardness testing machine market, owing to the rising research and development (R&D) activities. Research is carried out by educational institutions each individually or in collaboration with the industries for greater product developments.
One of the greatest challenges faced by the industry is testing at micro and nano ranges. However, this is a market segment that wants a great deal of technical expertise, as well as a significant economic investment. As technology has developed, traditional material testing merchants have kept a close eye on this market.
Global Hardness Testing Machine Market Geographical Segmentation:
The Asia Pacific is the biggest and the fastest-growing market for hardness testing. It is also a major area for construction, educational institution, and automotive globally, encouraging the fullness of the market. Since the Asia Pacific is converting as the manufacturing hub of the hardness testing market, contribution from other regions is gradually decreasing. Further, Europe is a major consumer of automobiles, which is expected to create a healthy demand of the hardness testing in the region. North America is estimated to observe a decent rate of growth in the market while Latin America is expected to witness below industry average growth rate.
Major Players Mentioned in this Global Hardness Testing Machine Market report are:
The Major players operating in the global hardness testing market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake effective business strategies to sustain their growth in the worldwide market.
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