Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Research and Markets: Understand the World Mechanical Test Equipment Markets 2008 in this Report: Providing Coverage on Industry Revenues and the Cur

Abstract:
Research and Markets (www.researchandmarkets.com/research/00ce94/world_mechanical_t) has announced the addition of Frost & Sullivan's new report "World Mechanical Test Equipment Markets 2008" to their offering.

Research and Markets: Understand the World Mechanical Test Equipment Markets 2008 in this Report: Providing Coverage on Industry Revenues and the Cur

DUBLIN, Ireland | Posted on August 19th, 2008

This research service titled World Mechanical Test Equipment Markets provides a holistic view of the mechanical testing industry along with the revenue forecasts for the various mechanical testing techniques, latest technological developments, and market trends in the industry. In this research, expert analysts thoroughly examine the following markets: universal testing machines, servohydraulic testing machines, hardness test equipment, and impact test equipment.

This analysis is available through our Test & Measurement program. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Service program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.

Market Overview

Development of New Materials Driving the Mechanical Testing Market:

New materials development is helping sustain the growth of the world mechanical test equipment market. Increasing research in materials technology has led to the emergence of light substitute materials such as composites and smart materials, which are used in defense as well as automotive and aerospace applications. The emerging fields of microelectromechanical systems (MEMS) and nanotechnology have led to the development of complex materials and the growing miniaturization of components in electronics industries. The emergence of these new breed of materials has driven the need to test for material properties, thereby increasing the uptake of mechanical test equipment.

However, the global economic slowdown is affecting revenue growth in the mechanical testing equipment market. The global economy expanded by just 3.8 percent in 2007 and forecasts indicate that the growth rate could be even lower in 2008. "The economic slowdown has limited capital budgets and led to end users curtailing their capital equipment spending in the name of cost cutting," notes the analyst of this research service. "The impact of this restraint is expected to be high over the short and mid terms of the forecast period as the economies are expected to continue to slowdown until 2010."

Increasing Emphasis to Improve Product Quality and Need to Conform to Standards and Specifications Propel Market Growth

The requirement for mechanical testing has been enhanced by the growing emphasis on improving product quality. Moreover, the continuing trend toward outsourcing manufacturing has also driven and increased the need to adhere and comply with various standards and specifications such as ASTM, ISO, and DIN. Hence, the focus on product quality, and testing for conformance to international quality standards and specifications are expected to continue to remain important, driving the growth of the mechanical test equipment market throughout the forecast period.

Overall, the world mechanical test equipment market generated revenues worth $660.8 million in 2007, growing at the rate of 2.8 percent over the previous year. Among the market segments, the universal testing machines (UTM) market accounted for 56.3 percent of the total market, with the market for screw-driven UTM generating the largest revenues. "While quality control has been a major driver for the screw-driven UTM market, the market is also witnessing a shift in focus from testing raw materials to testing finished products," says the analyst. "Besides, screw-driven UTMs are being increasingly used for research and development in medical and biomaterials industries and these are expected to sustain the market for screw-driven UTMs throughout the forecast period."
Market Sectors
Expert analysts thoroughly examine the following market sectors in this research:
- Universal testing machines
- Servohydraulic testing machines
- Hardness test equipment
- Impact test equipment

Technologies
The following technology is covered in this research:
- Mechanical or destructive testing

Key Topics Covered:

- Total Mechanical Test Equipment Market
- World Universal Testing Machines Market
- World Servohydraulic Testing Machines Market
- World Hardness Test Equipment Market
- World Impact Test Equipment Market
- List of Figures

####

About Research and Markets
We are the leading source for international market research and market data. We hold ‘000’s of major research publications from most of the leading publishers, consultants and analysts. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends

We are a ‘One-Stop-Shop’ for market research reports and industry newsletters from specialist research firms and niche market analysts.

For more information, please click here

Contacts:
Research and Markets Ltd.
Laura Wood
Senior Manager

Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Iranian Researchers Synthesize Stable Ceramic Nanopowders at Room Temperature September 20th, 2014

Arrowhead to Present at BioCentury's NewsMakers in the Biotech Industry Conference September 19th, 2014

SouthWest NanoTechnologies (SWeNT) Receives NIST Small Business Innovation Research (SBIR) Phase 1 Award to Produce Greater than 99% Semiconducting Single-Wall Carbon Nanotubes September 19th, 2014

Toward optical chips: A promising light source for optoelectronic chips can be tuned to different frequencies September 19th, 2014

MEMS

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Carbyne morphs when stretched: Rice University calculations show carbon-atom chain would go metal to semiconductor July 21st, 2014

Leti to Present Technological Platforms Targeting Industry’s Needs for the Future at Semicon West Workshop: Presentation at STS Session to Focus on Leti Advanced Lithography Programs for 1x Nodes and on Silicon Photonics at TechXPot June 25th, 2014

Mirrorcle Technologies Opens New Company Headquarters May 27th, 2014

Announcements

Iranian Scientists Separate Zinc Ion at Low Concentrations September 20th, 2014

Arrowhead to Present at BioCentury's NewsMakers in the Biotech Industry Conference September 19th, 2014

SouthWest NanoTechnologies (SWeNT) Receives NIST Small Business Innovation Research (SBIR) Phase 1 Award to Produce Greater than 99% Semiconducting Single-Wall Carbon Nanotubes September 19th, 2014

Toward optical chips: A promising light source for optoelectronic chips can be tuned to different frequencies September 19th, 2014

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals

Iranian Scientists Separate Zinc Ion at Low Concentrations September 20th, 2014

Iranian Researchers Synthesize Stable Ceramic Nanopowders at Room Temperature September 20th, 2014

Toward optical chips: A promising light source for optoelectronic chips can be tuned to different frequencies September 19th, 2014

New research points to graphene as a flexible, low-cost touchscreen solution September 19th, 2014

Tools

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

FEI Opens New Technology Center in Czech Republic: FEI expands its presence in Brno with the opening of a new, larger facility September 18th, 2014

New NPZ100-403 Piezo Stage from nPoint Inc. September 17th, 2014

Researchers Create World’s Largest DNA Origami September 11th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE