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Fatigue Testing Machine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Nov 2020 | 34 Views
 
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Fatigue testing machines are the machines that are used to evaluate the sturdiness of finished products, components, and raw materials. These machines conduct tests by measuring the force exerted on a sample until the sample undergoes failure. These machines can be used to test the durability of materials like rubber, metals, alloys, and plastic. Fatigue tests are used to generate crack growth data and fatigue life of a material. These tests can be performed on a wide range of products ranging from coupons to full size test articles like aircraft and automobiles. These machines hold major applications in aerospace, automotive, general industrial, research institutes, and others.

Market scope and structure analysis:

               Report Metric

                                         Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Millions)

  Segments covered

  Type, application industry, and region

  Geographies covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

 

Major players analyzed include ADMET, Ektron Tek, Fine Manufacturing Industries, Ducom Instruments, MTS Systems, Shimadzu Corporation, Illinois Tool Works, Olympus, Instron, and Zwick Roell Group

 

 

COVID-19 Scenario analysis:

  • COVID-19 pandemic has shut-down the production of various products in the fatigue testing machine industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of fatigue testing machine market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

Growing demand for fatigue testing machines from the automotive industry to test the durability of the raw materials such as plastic, metal, alloys, and rubber is a major factor that is expected to drive the growth of the fatigue testing machine market in the upcoming years. Besides, development of new materials with higher fatigue life is another key factor that can potentially fuel the growth of the fatigue testing machine market for the next few years. Moreover, growing demand for these machines from industries such as construction, aerospace, and defense can boost the of the fatigue testing machine market. However, low data accuracy due to high levels of background variation is a restraining factor that is hindering the market growth. On the contrary, technological advancements in the fatigue testing machines to enable users to test fatigue life of new materials with high fatigue cycles are anticipated to provide lucrative growth opportunities for the fatigue testing machine market during the forecast period.

Trends in the fatigue testing machine market

Advanced product offerings by key market players

Manufacturers in the fatigue testing machine market are focusing on new product developments with advanced features to differentiate their products from others in the market. For instance, ADMET Materials Testing Systems, a U.S. based company offers advanced fatigue testing machines such as the eXpert 1900 high Force Fatigue Testing Machine. This machine allows manufacturers to quantify and understand the fatigue life of the materials, assemblies, or parts. It is specifically designed for testing of rigid materials like plastics, metals, and composites. Also, it helps engineers to generate S-N or R-N curves which plot the number of cycles until failure for a particular component based on the strain amplitudes. Such advanced products offered by key market players can boost the sales of the fatigue testing machines in the market that eventually results in a positive growth of the fatigue testing machine market.

Notable growth in ASIAN countries

Rapid industrialization, urbanization, and growing population in Asian countries like China, India, Japan, and South Korea have resulted in the growth of the automotive sector. Huge automobile production in China and Japan is boosting the demand for fatigue testing machines to test the durability of the raw materials such as plastics, metals, alloys, and others. Moreover, growing demand of hybrid and electric vehicles is expected to be a key factor that drives the growth of the fatigue testing machines in the upcoming years. For instance, an annual sales report of light-duty plug-in electric vehicles shows that the annual sales of electric vehicles in China have jumped from 5,79,000 to 10,16,002 in 2018. The growth of electric vehicles at a fast pace is showing positive signs for the growth of the automotive industry in these countries that can eventually result in the positive growth of the fatigue testing machine market during the forecast period. 

Key segments covered:

                      Segments

                        Sub-segments

  Type

  1. Push-Pull Type
  2. Rotating Bending Type
  3. IF Fatigue Testing Machine
  4. Low Frequency Fatigue Testing Machine
  5. High Frequency Fatigue Testing Machine
  6. Others

  Application industry

  1. Automotive Industrial
  2. Research Institutes
  3. General Industrial
  4. Aerospace
  5. Others

 

Key benefits of the report:

  • This study represents the analytical representation of the global fatigue testing machine market combined with the ongoing trends and future predictions to determine investment opportunities.
  • The present market is thoroughly analyzed from 2019 to 2027 to enlighten the fatigue testing machine market growth.
  • The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global fatigue testing machine market.
  • Segmentation details of the global fatigue testing machine market.
  • The report gives a comprehensive global fatigue testing machine market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 
 
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