QYR made the prediction that the value of mechanical test equipment markets can be 1251.27 M USD by 2022
http://www.qyresearchglobal.com/goods-1289993.html According to QYResearch, the global mechanical test equipment markets has a total value of 860.78 M USD back in 2012, and increased to 1065.77 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of mechanical test equipment markets can be 1251.27 M USD by 2022.The CRA of mechanical test equipment is 3.26% from 2017 to 2022.
http://www.qyresearchglobal.com/goods-1289993.html According to QYResearch, the global mechanical test equipment markets has a total value of 860.78 M USD back in 2012, and increased to 1065.77 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of mechanical test equipment markets can be 1251.27 M USD by 2022.The CRA of mechanical test equipment is 3.26% from 2017 to 2022.
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<strong>QYR</strong> <strong>made</strong> <strong>the</strong> <strong>prediction</strong> <strong>that</strong> <strong>the</strong> <strong>value</strong><br />
<strong>of</strong> <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> <strong>markets</strong> <strong>can</strong><br />
<strong>be</strong> <strong>1251.27</strong> M <strong>USD</strong> <strong>by</strong> <strong>2022</strong><br />
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<strong>QYR</strong>esearch<br />
Mechanical <strong>test</strong>ing reveals <strong>the</strong> elastic and<br />
inelastic <strong>be</strong>havior <strong>of</strong> a material when force is<br />
applied. A <strong>mechanical</strong> <strong>test</strong> shows whe<strong>the</strong>r a<br />
material or part is suitable for its intended<br />
<strong>mechanical</strong> applications <strong>by</strong> measuring elasticity,<br />
tensile strength, elongation, hardness,<br />
fracture toughness, impact resistance, stress<br />
rupture, and fatigue limit.
<strong>QYR</strong>esearch<br />
According to <strong>QYR</strong>esearch, <strong>the</strong> global <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> <strong>markets</strong> has a total <strong>value</strong> <strong>of</strong> 860.78 M <strong>USD</strong><br />
back in 2012, and increased to 1065.77 M <strong>USD</strong> in 2017. We <strong>made</strong> a series <strong>of</strong> functional calculation and deduced<br />
<strong>the</strong> past 5 year’s data with scientific model. Finally, we <strong>made</strong> <strong>the</strong> <strong>prediction</strong> <strong>that</strong> <strong>the</strong> <strong>value</strong> <strong>of</strong> <strong>mechanical</strong> <strong>test</strong><br />
<strong>equipment</strong> <strong>markets</strong> <strong>can</strong> <strong>be</strong> <strong>1251.27</strong> M <strong>USD</strong> <strong>by</strong> <strong>2022</strong>.The CRA <strong>of</strong> <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> is 3.26% from 2017<br />
to <strong>2022</strong>.<br />
North America was <strong>the</strong> largest consumption market with a market share <strong>of</strong> 25.13% in 2012 and 21.53% in 2017<br />
with an increase <strong>of</strong> 3.60 %. China and Europe ranked <strong>the</strong> second and third <strong>markets</strong> with <strong>the</strong> market share <strong>of</strong><br />
21.13% and 20.14% in 2016.<br />
The <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> market has <strong>be</strong>en increased in accordance with <strong>the</strong> development <strong>of</strong> whole<br />
economy, technology. And <strong>the</strong> <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> market is a mature market characterized <strong>by</strong> a<br />
moderate degree <strong>of</strong> competition, price sensitivity and technical change. The increasing demand for higher<br />
quality and safer goods <strong>by</strong> end users has <strong>made</strong> <strong>mechanical</strong> <strong>test</strong>ers an integral part <strong>of</strong> general manufacturing<br />
processes. Therefore, <strong>the</strong> application <strong>of</strong> <strong>mechanical</strong> <strong>test</strong>ing has <strong>be</strong>come increasingly inherent within all<br />
manufacturing industries. Despite <strong>the</strong> fact <strong>that</strong> <strong>the</strong> market for <strong>mechanical</strong> <strong>test</strong> <strong>equipment</strong> has reached a stage<br />
where it is highly saturated and mature, it continues to <strong>be</strong> driven <strong>by</strong> materials development, a growing focus on<br />
quality control, evolving industry specifications and standards, and a strong urge and desire for automation.
<strong>QYR</strong>esearch<br />
This market is increasingly witnessing a trend<br />
towards upgrading <strong>equipment</strong>, replacing relevant<br />
modules <strong>of</strong> existing systems and retr<strong>of</strong>itting.<br />
This is mainly due to advancements <strong>made</strong> in<br />
computer control technology, which has led to a<br />
growing focus on data collection and real time<br />
analysis. Retr<strong>of</strong>itting is attractive to end users<br />
who are always limited <strong>by</strong> low capital budgets. Yet,<br />
it challenges <strong>the</strong> sale <strong>of</strong> new <strong>equipment</strong>. To<br />
successfully deal with this challenge, companies<br />
should maintain a balance <strong>be</strong>tween retr<strong>of</strong>itting<br />
and selling new <strong>equipment</strong>. From ano<strong>the</strong>r point <strong>of</strong><br />
view, it could also <strong>be</strong> considered as an opportunity<br />
companies could take advantage <strong>of</strong> to improve<br />
<strong>the</strong>ir sales and market position.<br />
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