Report Description

Vietnam Material Testing Market is projected to grow at a robust CAGR during 2022-2027. The swift progress of the construction industry in Vietnam is expected to drive the growth of material testing market in the country. Based on type, the material testing market is segmented into universal testing machines, servo hydraulic testing machines, hardness test equipment and impact test equipment. In 2021, the Universal testing machines has the largest market share due to its wide usage in various industries, ability to perform for various materials and easy & cheap availability. Furthermore, growing food packaging industry and rising demand for food packaging is expected to bolster the Material Testing Market in Vietnam during the forecast period. 

Some of the leading players in the Vietnam Material Testing market are MTS Systems, Zwick Roell, Ametek, Applied Test Systems, Instron, ADMET, Mitutoyo, Tinius Olsen, Shimadzu, Hegewald & Peschke etc.

Objective of the Study:

  • To analyse and forecast the market size of Material Testing, in terms of value.
  • To classify and forecast Vietnam Material Testing based on type, material, End-use industry and regional distribution.
  • To identify drivers and challenges for Vietnam Material Testing.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Material Testing.
  • To conduct the pricing analysis for Material Testing.
  • To identify and analyse the profile of leading players involved in the manufacturing of Vietnam Material Testing.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across Vietnam.

TechSci Research calculated the market size of Vietnam Material Testing using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Manufacturers of Heat Transfer Fluids
  • Chemical Suppliers
  • Raw Material Suppliers
  • Distributors & Suppliers
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Material

·         End Use Vertical

Regional scope

North, South, Central

Key companies profiled

MTS Systems, Zwick Roell, Ametek, Applied Test Systems, Instron, ADMET, Mitutoyo, Tinius Olsen, Shimadzu, Hegewald & Peschke.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Vietnam material testing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Material Testing Market, By Type:
    • Universal Testing Machines
    • Servo hydraulic Testing Machines
    • Hardness Testing Equipment
    • Impact Testing Equipment
  • Vietnam Material Testing Market, By Material:
    • Metal
    • Plastics
    • Rubber & Elastomer
    • Ceramics & Composites
    • Others
  • Vietnam Material Testing Market, By End-Use Industry:
    • Construction
    • Aerospace & Défense
    • Automotive
    • Power
    • Educational Institutions
    • Others
  • Vietnam Material Testing Market, by Region:
    • South Vietnam
    • North Vietnam
    • Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Material Testing.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges & Unmet Needs

4.3.  Product Pricing

5.    Impact of COVID-19 on Vietnam Material Testing Market

6.    Vietnam Material Testing Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Universal Testing Machines, Servo hydraulic Testing Machines, Hardness Testing Equipment and Impact Testing Equipment)

6.2.2.     By Material (Metal, Plastics, Rubber & Elastomer, Ceramics & Composites and Others)

6.2.3.     By End-Use Industry (Construction, Aerospace & Défense, Automotive, Power, Educational Institutions and Others)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Market Attractiveness Index

7.    Vietnam Universal Testing Machines Material Testing Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Material

7.2.2.     By End-User Industry

7.2.3.     By Country

7.3.  Market Attractiveness Index

8.    Vietnam Servo Hydraulic Testing Machines Material Testing Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Material

8.2.2.     By End-User Industry

8.2.3.     By Country

8.3.  Market Attractiveness Index

9.    Vietnam Hardness Testing Equipment Material Testing Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Material

9.2.2.     By End-User Industry

9.2.3.     By Country

9.3.  Market Attractiveness Index

10.  Vietnam Impact Testing Equipment Material Testing Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Material

10.2.2.  By End-User Industry

10.2.3.  By Country

10.3.              Market Attractiveness Index

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Price Point Analysis

14.  Policy & Regulatory

15.  Vietnam Economic Profile

16.  Competitive Landscape

16.1.              Company Profile

16.1.1.  MTS Systems

16.1.2.  Zwick Roell

16.1.3.  Ametek

16.1.4.  Applied Test Systems

16.1.5.  Instron

16.1.6.  ADMET

16.1.7.  Mitutoyo

16.1.8.  Tinius Olsen

16.1.9.  Shimadzu

16.1.10.                Hegewald & Peschke

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Vietnam material testing market are anticipated to grow with an impressive CAGR during the forecast period, 2023-2027, due to technological advancements, increasing demand for construction activities

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MTS Systems, Zwick Roell, Ametek, Applied Test Systems, Instron, ADMET, among others are leading the Vietnam material testing market in the forecast period, 2023-2027

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The Vietnam material testing market were analyzed for the five historical years from 2017 to 2020. Keeping the base year 2021 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Sakshi Bajaal

Business Consultant
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