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 2019-2024

A Universal Testing Machine (UTM) is used to test both the tensile and compressive strength of materials. Universal Testing Machines are named as such because they can perform many different varieties of tests on an equally diverse range of materials, components, and structures. 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.

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.