Newark, NJ, November 16, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the Global Test Bed Market is expected to grow from $ 1.2 billion in 2020 to $ 1.76 billion by 2028, with a CAGR of 4.9% during the forecast period 2021-2028.
The test bench market has experienced significant growth in recent years. Test stands perform testing and calibration on an assembly line of various equipment such as electrical circuit boards, semiconductors and electrical devices on different segments. To test the sensors, PC-based test stands are designed with fully automated instruments. The test benches render the environment and conditions required to test the various components during the manufacturing and development phase in order to guarantee the final equipment produced or the components used in the subsequent assembly.
Test stands are used to physically test and inspect components before they are assembled. These test benches make it possible to carry out quality controls. By testing samples, test benches ensure consistency of defined parameters. Companies invest in the installation of test benches in order to provide quality products to end users. Test benches help manufacturers customize products before installing them. Test stands are adopted in various industrial applications such as automotive and transportation, industrial manufacturing and engineering and many others.
The global test bench market is expected to experience significant growth, owing to existence of strict quality audits and regulations, increasing requirement for factory automation across the globe, growing adoption in order to meet customer demand and provide quality products in accordance with quality standards, recent innovations in the automotive industry such as electric vehicles and self-driving cars. The increasing demand in the oil and gas segment, the expected growth of electricity, product innovations and the increasing demand for electric vehicles in the automotive industries, coupled with the growth of the electronics and semi- drivers, contribute to the growth of the market. Test stands help improve process capacity and reduce product rejects, ensure lower emissions and better energy efficiency, and support manufacturing innovations.
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Test benches ensure automobiles are properly calibrated and tested and help accelerate cycle life, profitability and improve productivity. These help manufacturers to increase product life, improve quality. Testing and re-testing products during the R&D phase and the delivery phase helps reduce issues associated with product quality. The growing demand for efficient test solutions that help measure the efficiency of components is expected to propel the growth of the market. The constant evolution of combustion engine loads is slowing the growth of the market. The growing demand for test stands will provide growth opportunities in the market.
The major players operating in the global test bench market are Mark-10 Corporation (USA), AMETEK Sensors, Test and Calibration (USA), Robert Bosch GmbH (Germany), IAG Industries Automatisierungsgesellschaft mb, Blum Novotest (Germany), FuelCon AG (Germany), Nidec Industrial Solutions (Italy), MCD Elektronik GmbH (Germany), ATEQ (US), Atlas Copco, VTB VALVE TEST BENCH MFG CO. LTD., Dspace GmbH, Selha Group, ETH-messtechnik GmbH, OPAL-RT TECHNOLOGIES, INC., JM Test Systems, Inc., RVS SRL, LIEDTKE ANTRIEBSTECNIK GmbH & Co. KG, General Electric Corporation, Atlas Material Testing Technology GmbH, Telide Shenzhen High Pressure Fluid Systems Co., Taian Nantai Experimental Equipment Co. Ltd., Com- Ten Industries, ABL AUTOMAZIONE SpA, EFCO Maschinenbau GmbH, ANDILOG Technologies, Flow Systems, HAIDA EQUIPMENT CO., Greenlight Innovation Corp., Haven Automation Ltd , Kern & Sohn GmbH, Mecmesin Limited, IMADA Incorporated, Think PC Progetti Srl, SANTAM, REVALVE, Universal Punch Corp, Topas GmbH.
The valve segment dominated the market and held the largest market share of 39.18% in 2020
Based on type, the global test rig market is segmented into valve, force, torque, and others. The valve segment dominated the market and held the largest market share of 39.18% in 2020. This growth is attributed to the increasing adoption of valve test benches by the oil and gas industry to regulate the fluid flow in pipelines and many other industries.
Hardware segment dominated the market and held the largest market share of 57.23% in 2020
Based on components, the global test bench market is segmented into hardware and software. The hardware segment dominated the market and held the largest market share of 57.23% in 2020. The hardware components consist of benches and a stimulus generator which is connected to the device under test to generate an assembly. of synchronized waveforms. This growth is attributed to increasing innovations in various industrial devices.
Automotive and Transportation segment dominated the market and held the largest market share of 26.13% in 2020
Based on the applications, the global test bench market is segmented into Automotive & Transportation, Semiconductors & Electronics, Power Generation & Utilities, Industrial Manufacturing & Engineering, Oil & Gas. The automotive and transportation segment dominated the market and held the largest market share of 26.13% in 2020.
Motorized booth segment dominated the market and held the largest market share of 62.88% in 2020
On the basis of test benches, the global test benches market is segmented into motorized benches and manual benches. The motorized booth segment dominated the market and held the largest market share of 62.88% in 2020. This growth is attributed to its availability at low, standard and high speeds and its suitability for production operations. These allow measurement at a uniform speed and angle.
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The valve segment dominated the market and held the largest market share of 39.46% in 2020
On the basis of test equipment, the global test bench market is segmented into valves, furniture, motors, and others. The valve segment dominated the market and held the largest market share of 39.46% in 2020. This growth is attributed to its use in manufacturing operations and industrial processes. Safety valves and industrial valves allow safe operation of processes and act as important elements in process control.
Regional Segment of the Test Benches Market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global test materials market is categorized as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The Asia-Pacific region held the largest market share of 31.2% in 2020 due to increased production of automobiles and electronics. This growth is driven by China in the Asia-Pacific region, as it is the largest producer of vehicles, semiconductors and power generation. The European market is expected to experience the fastest growth rate due to the presence of a large number of test bench manufacturers. Germany would be the hub for the manufacture of test benches.
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About the report:
The global test bench market is analyzed on the basis of value (billion USD). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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About Fior Marchés
Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable intelligence. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, especially in industries such as technology, pharmaceuticals, consumer goods, food & beverage, chemicals, media, materials and many more. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of a diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with personalized research analyzes based on their exact needs, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, detailed interviews or competitive intelligence. Our research experts are experienced in matching staff and methodology exactly to your business needs.
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