World - Electronic Machines And Appliances For Testing Materials - Market Analysis, Forecast, Size, Trends And Insights
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The article provides detailed insights into the global market for electronic machines and appliances for testing materials. It predicts an upward consumption trend over the next eight years, with a forecasted CAGR of +1.4% in market volume and +2.4% in market value. Key highlights include consumption and production statistics, top importing and exporting countries, as well as trends in import and export prices. Leading countries in consumption, production, import, and export are also identified, along with their growth rates and market shares.
Market Forecast
Driven by increasing demand for electronic machines and appliances for testing materials worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $4.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electronic Machines And Appliances For Testing Materials
In 2022, approx. 1.4M units of electronic machines and appliances for testing materials were consumed worldwide; with a decrease of -10.8% against 2021. Over the period under review, consumption, however, saw a tangible increase. Over the period under review, global consumption attained the peak volume at 1.6M units in 2021, and then reduced in the following year.
The global electronic material tester market size fell to $3.9B in 2022, shrinking by -7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a prominent expansion. Global consumption peaked at $4.2B in 2021, and then contracted in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (139K units), Germany (138K units) and the UK (133K units), with a combined 30% share of global consumption. China, Thailand, the United States, Hong Kong SAR, the Philippines, Japan, Russia, Singapore, Taiwan (Chinese) and Sweden lagged somewhat behind, together comprising a further 45%.
From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +26.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Russia ($1.6B) led the market, alone. The second position in the ranking was taken by India ($371M). It was followed by China.
From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +11.9%. The remaining consuming countries recorded the following average annual rates of market growth: India (+6.2% per year) and China (+3.6% per year).
In 2022, the highest levels of electronic material tester per capita consumption was registered in Hong Kong SAR (10 units per 1000 persons), followed by Singapore (4.6 units per 1000 persons), Sweden (2.2 units per 1000 persons) and the UK (2 units per 1000 persons), while the world average per capita consumption of electronic material tester was estimated at 0.2 units per 1000 persons.
In Hong Kong SAR, electronic material tester per capita consumption shrank by an average annual rate of -4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+3.6% per year) and Sweden (+2.0% per year).
Production
World Production of Electronic Machines And Appliances For Testing Materials
Global electronic material tester production rose modestly to 1.6M units in 2022, increasing by 1.8% against the year before. In general, production showed a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.
In value terms, electronic material tester production reduced modestly to $1.6B in 2022 estimated in export price. Overall, production, however, saw a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 8.8% against the previous year. As a result, production reached the peak level of $1.8B. From 2020 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were the United States (361K units), Thailand (232K units) and the UK (192K units), together accounting for 49% of global production. Germany, China, Italy, Hong Kong SAR, Australia, Japan, India, Taiwan (Chinese), Singapore and Switzerland lagged somewhat behind, together comprising a further 43%.
From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +124.3%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electronic Machines And Appliances For Testing Materials
In 2022, global electronic material tester imports rose remarkably to 1.3M units, picking up by 6.1% against the previous year's figure. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 41%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, electronic material tester imports declined modestly to $1.2B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 10%. As a result, imports reached the peak of $1.3B. From 2019 to 2022, the growth of global imports remained at a lower figure.
Imports By Country
In 2022, the United States (371K units), distantly followed by China (233K units), India (163K units) and the Philippines (69K units) were the largest importers of electronic machines and appliances for testing materials, together constituting 65% of total imports. The following importers - South Korea (25K units), Germany (23K units), Nepal (22K units), Vietnam (20K units) and France (20K units) - each finished at an 8.6% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +78.6%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($237M) constitutes the largest market for imported electronic machines and appliances for testing materials worldwide, comprising 20% of global imports. The second position in the ranking was taken by the United States ($94M), with a 7.8% share of global imports. It was followed by India, with a 5.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +2.9%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.8% per year) and India (-3.4% per year).
Import Prices By Country
In 2022, the average electronic material tester import price amounted to $951 per unit, with a decrease of -8.1% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Global import price peaked at $2,714 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,065 per unit), while Nepal ($69 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-5.7%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Electronic Machines And Appliances For Testing Materials
In 2022, approx. 1.5M units of electronic machines and appliances for testing materials were exported worldwide; jumping by 22% on the year before. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, electronic material tester exports shrank modestly to $1.2B in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 13%. As a result, the exports reached the peak of $1.4B. From 2015 to 2022, the growth of the global exports remained at a somewhat lower figure.
Exports By Country
In 2022, the United States (651K units) represented the main exporter of electronic machines and appliances for testing materials, comprising 43% of total exports. China (197K units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (8.3%), Italy (5.8%), the UK (5%), Germany (4.9%) and India (4.5%).
From 2012 to 2022, average annual rates of growth with regard to electronic material tester exports from the United States stood at +7.8%. At the same time, India (+20.8%) and China (+8.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.8% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Thailand (-1.2%), the UK (-4.1%) and Germany (-7.3%) illustrated a downward trend over the same period. While the share of the United States (+16 p.p.), China (+5.3 p.p.) and India (+3.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (-4.1 p.p.), the UK (-5.1 p.p.) and Germany (-9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($367M), Germany ($216M) and the UK ($115M) were the countries with the highest levels of exports in 2022, together comprising 57% of global exports. Italy, China, India and Thailand lagged somewhat behind, together accounting for a further 16%.
In terms of the main exporting countries, China, with a CAGR of +8.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average electronic material tester export price amounted to $814 per unit, which is down by -19.5% against the previous year. In general, the export price recorded a noticeable slump. The growth pace was the most rapid in 2019 an increase of 22%. As a result, the export price reached the peak level of $1,329 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,906 per unit), while Thailand ($38 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electronic material tester market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26516255 - Electronic machines and appliances for testing the properties of materials (excluding for metals)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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