India Material Testing Market Report 2022-27, Industry Share, Size, Growth, Trends and Forecast
According to the latest report by IMARC Group, titled, “India Material Testing Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“, The India material testing market is expected to exhibit a CAGR of 5.96% during 2022-2027.
Material testing is a technique utilized in laboratories and research institutes to measure the physical, structural, and mechanical properties of raw materials under various environmental conditions. This technique can be of several types, including servo-hydraulic, universal, impact, hardness, non-destructive, etc. Material testing assists companies in gaining valuable knowledge to improve existing products and develop new ones. Leading players in India are introducing innovative instruments that provide an accurate assessment of commodities based on their elongation, elasticity, compression, tear and crush resistance, bend, rupture, puncture, bond strength, etc. As a result, material testing finds widespread applications across various sectors, such as construction, education, automotive, aerospace, defense, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Material Testing Market Trends:
The expanding construction industry and the elevating need for improving the quality of ceramics and other building materials are among the primary factors driving the India material testing market. Besides this, the escalating demand for material testing techniques in the energy sector to test solutions in capacitors, power cables, and insulators is further augmenting the market growth. Apart from this, the rising popularity of enhanced security weapons in military and defense applications is also catalyzing the market across India. Moreover, the introduction of testing methods with multi-stage facilities and picture-video capture functionalities is expected to bolster the India material testing market in the coming years.
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India Material Testing Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on type, material and end use industry.
Breakup by Type:
Universal Testing Machines
Servohydraulic Testing Machines
Hardness Testing Machines
Impact Testing Machines
Non-Destructive Testing Machines
Breakup by Material:
Metals and Alloys
Rubber and Elastomers
Ceramics and Composites
Breakup by End Use Industry:
Aerospace and Defense
Oil and Gas
Energy and Power
Breakup by Region:
West and Central India
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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