Material Analysis and Testing Equipment Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The material analysis and testing equipment market size has grown strongly in recent years. It will grow from $3.18 billion in 2024 to $3.36 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased regulatory compliance, increased quality control requirements, increased globalization of supply chains, increased safety concerns.

The material analysis and testing equipment market size is expected to see steady growth in the next few years. It will grow to $4.05 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing industry 4 and smart manufacturing, increasing complexity of materials, growing demand in healthcare, environmental sustainability, emerging markets and infrastructure development. Major trends in the forecast period include technological advancements, product innovations, partnerships.

The growth of the construction industry is expected to drive the expansion of the material analysis and testing equipment market in the future. The construction industry involves the planning, design, and execution of buildings, infrastructure, and related projects, driven by factors such as population growth, urbanization, and the increasing demand for housing. Material analysis and testing equipment are essential in the construction industry to ensure the quality, durability, and safety of materials, verifying compliance with standards and specifications for strong and reliable structures. For example, in July 2024, the United States Census Bureau reported that in June 2023, building permits for 1,493,000 privately owned housing units were issued at a seasonally adjusted annual rate, which was 3.1% higher than the May 2023 rate of 1,399,000. Additionally, in June 2023, privately owned home starts were at a seasonally adjusted annual rate of 1,415,000, marking a 4.4% increase compared to May 2023. Furthermore, a September 2022 report by the Center for Sustainable Systems projected that by 2050, commercial building floor space would grow to 124.6 billion square feet, a 35% increase from 2021. As a result, the growing construction industry is driving the demand for material analysis and testing equipment.

Major players in the material analysis and testing equipment market are actively developing innovative products, including proprietary and advanced material testing equipment, to enhance performance and meet evolving industry demands. This equipment facilitates precise analysis and validation of materials' mechanical, thermal, and chemical properties for quality assurance and innovation across various industries. In October 2022, MP Machinery and Testing LLC, a US-based provider of material testing services, launched proprietary material testing equipment that non-destructively assesses the material properties of components and structures in service. The system incorporates advanced technologies such as miniaturized mechanical property tests, advanced fracture toughness measurement, and specialized tools such as drop tower impact test machines, shock test machines, and high-temperature and pressure reference electrodes.

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 Inc., Carl Zeiss AG, Agilent Technologies LLC, AMETEK Incorporated, Keysight Technologies Inc., Olympus Corporation, Hitachi High-Tech Corporation, PerkinElmer Holdings Inc., MKS Instruments Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, HORIBA Ltd., JEOL Ltd., NETZSCH Group, Mistras Group Inc., Malvern Panalytical Inc., ZwickRoell Group Inc., Rigaku Corporation, Instron (a division of ITW Inc.), Anton Paar GmbH, Tescan Inc., Thwing-Albert Corporation, Elvatech Ltd., Rheonik Messgeräte GmbH.

Asia-Pacific was the largest region in the material analysis and testing equipment market in 2024. The regions covered in the material analysis and testing equipment market report are Asia-Pacific, 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, 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).

Material analysis and testing equipment encompass a diverse array of instruments and tools employed across various industries to scrutinize the properties, characteristics, and behavior of materials. These tools play a pivotal role in quality control processes, research and development initiatives, manufacturing procedures, and ensuring adherence to industry standards.

The primary categories of material analysis and testing equipment include mechanical testing and non-destructive testing. Mechanical testing involves evaluating the physical properties of materials, such as strength and elasticity. This type of testing is conducted in various locations, including on-site testing facilities and laboratory setups. End-users of these testing methods span diverse industries, including aerospace and defense, automotive, oil and gas, electronics and semiconductors, and others.

The material analysis and testing equipment market research report is one of a series of new reports that provides material analysis and testing equipment market statistics, including material analysis and testing equipment industry global market size, regional shares, competitors with a material analysis and testing equipment market share, detailed material analysis and testing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the material analysis and testing equipment industry. This material analysis and testing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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