Material Analysis and Testing Equipment Market Report 2026

The material analysis and testing equipment market size has grown steadily in recent years. It will grow from $3.31 billion in 2025 to $3.45 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to industrial quality control demand, aerospace material testing, manufacturing expansion, safety compliance requirements, laboratory testing growth.

The material analysis and testing equipment market size is expected to see steady growth in the next few years. It will grow to $4.1 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to electric vehicle material testing demand, smart manufacturing adoption, stricter quality standards, digital inspection tools, advanced material development. Major trends in the forecast period include adoption of advanced ndt techniques, integration of digital testing systems, growth of on-site testing solutions, demand for high-precision analysis, expansion of r&d activities.

The rising construction industry is expected to drive the growth of the material analysis and testing equipment market going forward. The construction industry involves the planning, design, and execution of building structures, infrastructure, and related projects. It is influenced by factors such as population growth, urbanization, and increased demand for housing, which together fuel the need for buildings and facilities. Material analysis and testing equipment is employed in the construction industry to ensure the quality, durability, and safety of materials, confirming compliance with standards and specifications for reliable structures. For example, in July 2024, according to the United States Census Bureau, a US-based government agency, 1,493,000 privately owned housing units were authorized by building permits in June 2023 at a seasonally adjusted annual rate, 3.1 percent higher than the May rate of 1,399,000. Additionally, privately owned housing starts in June 2023 were 1,415,000 at a seasonally adjusted annual rate, up 4.4 percent from May 2023’s 1,314,000. Thus, the expanding construction industry is contributing to the growth of the material analysis and testing equipment market.

Key players in the material analysis and testing equipment market are focusing on the development of innovative products, such as the automatic filter exchange system, which allows optimized detection of various elements without manual intervention. The automatic filter exchange system refers to an X-ray fluorescence (XRF) spectrometer that automatically changes the primary X-ray filters during analysis to enhance detection for different elements or sample types. For instance, in October 2025, Shimadzu Corporation, a Japan-based manufacturer of precision analytical and testing instruments, launched the ALTRACE Energy Dispersive X-Ray Fluorescence (EDXRF) Spectrometer. This high-sensitivity elemental analysis system is designed for precise detection of inorganic and trace elements, including heavy metals, and features a new high-power X-ray tube and optimized optical system to achieve sub-ppm detection limits for accurate analysis of complex sample matrices. The system also includes an automatic filter exchange mechanism to optimize the signal-to-noise ratio for different elements.

In July 2023, SKC Ltd., a South Korea-based chemical materials company, successfully acquired ISC Co. Ltd. for $400 million. This strategic acquisition is aimed at expanding into the semiconductor sector, strengthening market position, and achieving long-term financial growth. ISC Co. Ltd. is a South Korea-based manufacturer specializing in semiconductor test equipment and other material analysis and testing equipment.

Major companies operating in the material analysis and testing equipment market are Thermo Fisher Scientific Incorporated, Carl Zeiss Aktiengesellschaft, Agilent Technologies Limited Liability Company, AMETEK Incorporated, Keysight Technologies Incorporated, Olympus Corporation, Hitachi High-Tech Corporation, PerkinElmer Holdings Incorporated, MKS Instruments Incorporated, Shimadzu Corporation, Waters Corporation, Bruker Corporation, HORIBA Limited, JEOL Limited, NETZSCH Group, Mistras Group Incorporated, Malvern Panalytical Incorporated, ZwickRoell Group Incorporated, Rigaku Corporation, Instron, Anton Paar GmbH, Tescan Incorporated, Thwing-Albert Corporation, Elvatech Limited.

Asia-Pacific was the largest region in the material analysis and testing equipment market in 2025. The regions covered in the material analysis and testing equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the material analysis and testing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The material analysis and testing equipment market consists of sales of spectrometers, chromatographs, hardness testers, moisture analyzers, rheometers, particle size analyzers, universal testing machines (UTM), and hardness testing machines (HTM). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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