Lewes, DE -- (SBWIRE) -- 10/10/2018 -- Mechanical Test Equipment Market will register a 3.3% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 1070 million in 2017.

Mechanical testing reveals the elastic and inelastic behavior of a material when force is applied. A mechanical test shows whether a material or part is suitable for its intended mechanical applications by measuring elasticity, tensile strength, elongation, hardness, fracture toughness, impact resistance, stress rupture, and fatigue limit.

North America was the largest consumption market with a market share of 25.13% in 2012 and 21.53% in 2017 with an increase of 3.60 %. China and Europe ranked the second and third markets with the market share of 21.13% and 20.14% in 2016.

This market is increasingly witnessing a trend towards upgrading equipment, replacing relevant modules of existing systems and retrofitting. This is mainly due to advancements made in computer control technology, which has led to a growing focus on data collection and real time analysis. Retrofitting is attractive to end users who are always limited by low capital budgets. Yet, it challenges the sale of new equipment. To successfully deal with this challenge, companies should maintain a balance between retrofitting and selling new equipment. From another point of view, it could also be considered as an opportunity companies could take advantage of to improve their sales and market position.

Over the next five years, Study projects that Mechanical Test Equipment will register a 3.3% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 1070 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
MTS
Shimadzu
Zwick/Roell
INSTRON
Hegewald & Peschke
AMETEK
CIMACH
Tinius Olsen
Shanghai Hualong Test Instrumens
Hung Ta
Applied Test Systems
Torontech Group International

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Universal Testing Machine
Fatigue Testing Machine
Special Testing Machine

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Manufacturing
Civil Engineering
Pharmaceutical Industry
Scientific Institutions
Others

Spanning over 143 pages "Forecast of Global Mechanical Test Equipment Players Market 2023" report covers Mechanical Test Equipment Market Overview, Global Mechanical Test Equipment Sales, Revenue (Value) and Market Share by Players, Global Mechanical Test Equipment Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Mechanical Test Equipment Sales, Revenue and Price, Europe Top 5 Players Mechanical Test Equipment Sales, Revenue and Price, Asia-Pacific Top 5 Players Mechanical Test Equipment Sales, Revenue and Price, South America Top 5 Players Mechanical Test Equipment Sales, Revenue and Price, Middle East & Africa Top 5 Players Mechanical Test Equipment Sales, Revenue and Price, Global Mechanical Test Equipment Players Profiles/Analysis, Global Mechanical Test Equipment Market Forecast (2018-2023), Mechanical Test Equipment Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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