Analysis of the Material Testing Equipment Market

Analysis of the Material Testing Equipment Market

On the Path to Recovery as End-user Markets Stabilize

RELEASE DATE
06-Jan-2012
REGION
Global
Research Code: N9D4-01-00-00-00
SKU: TM00291-AP-MR_15319
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Description

2009 was one of the most difficult years for the global economy, the material test equipment market being no exception, witnessing a strong decline in revenues. During the 2008-2009 downturn, with economic uncertainty looming, key test equipment end users were forced to cut down on their testing and quality control budgets as well as new equipment purchases. Since then however, the market has demonstrated a strong recovery with traditional as well as emerging end user segments driving new equipment sales. Currently the market is poised for robust development as global markets stabilize and industrial activity among emerging economies continues at a rapid pace.

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Related Research
2009 was one of the most difficult years for the global economy, the material test equipment market being no exception, witnessing a strong decline in revenues. During the 2008-2009 downturn, with economic uncertainty looming, key test equipment end users were forced to cut down on their testing and quality control budgets as well as new equipment purchases. Since then however, the market has demonstrated a strong recovery with traditional as well as emerging end user segments driving new equipment sales. Currently the market is poised for robust development as global markets stabilize and industrial activity among emerging economies continues at a rapid pace.
More Information
No Index No
Podcast No
Author Vijay Mathew
Industries Test and Measurement Instrumentation
WIP Number N9D4-01-00-00-00
Is Prebook No