Test Benches Market

Test Benches Market to Record 4.7% CAGR Through 2027

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The global Test Benches market size is expected to be worth around US$ 1.60 billion by 2027, according to a new report by Vision Research Reports.

The global Test Benches market size was valued at US$ 1.13 billion in 2019 and is anticipated to grow at a CAGR of 4.7% during forecast period 2020 to 2027.

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Growth Factors

Increasing adoption of test benches in various industrial applications, such as automotive and transportation, power generation and utilities, semiconductor and electronics, and industrial manufacturing, is expected to spur the growth of the market over the forecast period.

Increasing adoption of test benches in various industrial applications, such as automotive, semiconductor and electronics, industrial manufacturing, and engineering, is likely to propel the market growth over the forecast period. Need for the testing of appliances and equipment that are under development, such as consumer electronic devices, car components, turbines, and pumps, is estimated to drive the market over the next few years. Testing systems are also used for the measurement and inspection of machines and instruments.

Component Insights

The hardware segment held the largest market share in 2019 and is expected to maintain its lead over the forecast period. The hardware plays a significant role in testing the equipment, machines, and instruments and is hence of paramount importance. Hardware components consist of benches and a stimulus generator that is connected to the device-under-test in order to generate a set of synchronized waveforms. Furthermore, the result analyzer provides the information that the results obtained are correct or not when the design is simulated with the appropriate test bench. The demand for the hardware is vast as compared to the software segment. An increasing number of innovations in various industrial applications is anticipated to propel the demand for the hardware test bench over the next few years.

The software segment is expected to exhibit the highest CAGR of more than 5% over the forecast period. There has been a significant increase in software-based testing solutions as compared to hardware testing solutions due to easy implementation and flexibility. Software-based testing solutions can be altered very quickly when needed, which is beneficial for end-users.

Test Bench Type Insights

Based on the test bench type, the global test benches market has been segregated into valve, force, torque, and others. The valve test benches dominated the market with more than 36% share in 2019 and are expected to maintain their lead over the forecast period. The growth of the segment is attributed to the increasing adoption of valve testing benches by the oil and gas industry in order to regulate the flow rate of the fluid in the pipelines. These benches are suitable for testing screwed relief valves at a pressure of up to 1000 pounds per square inch (psi) and ideal for a high-volume production environment.

The torque test benches are expected to witness considerable growth over the forecast period. Torque measuring systems are widely used in the efficiency measurements of electric motors, hydraulic motors, electric screwdrivers, gearboxes, impulse pumps or screwdrivers, and pneumatic screwdrivers. They are also used to measure the angle of rotation and torque in the material sample.

Test Stands Insights

The motorized test stands segment dominated the market in 2019. The growth of the segment is attributed to the benefits associated with the motorized test stands over manual test stands, such as constant testing speed and suitability for production floor operation. These testing stands are available in the low, high, and standard speeds. The motorized test stands are ideal for force measurement, which requires high repeatability. Moreover, they enable to measure at uniform angle and speed. All these factors are estimated to generate considerable demand for the motorized test stands.

The manual test stands segment is expected to exhibit considerable growth over the forecast period. The segment accounted for more than 36% share in the year 2019. These testing benches are used explicitly for small sample testing under compression or tensile applications. Manual test stands enable simple force testing when the budgets are limited. Inaccuracy observed in the manual testing machines is expected to affect the growth of the segment.

Test Material Insights

Based on test material, the market has been further segregated into the valve, motors, furniture, and others. The valve segment dominated the market in 2019 and accounted for a share of more than 37%. The test benches are used to verify the calibration of valves as these valves are widely used in industrial processes and manufacturing operations, which is expected to boost the segment growth. Besides, safety valves and industrial valves play a vital role in the safe operation of the processes and are essential elements in the process control. The benches are utilized for the regular inspections of the safety valves in order to maintain their safety performances as per the required plant prescriptions, which is another factor enhancing the growth of this segment.

The motors segment is estimated to register the highest CAGR of more than 6% over the forecast period. Testing benches are widely used for controlling the speed of the electric motors. Increasing sales of electric motors, especially across North America and Western Europe, are expected to drive the segment. Motor inspection tests are conducted by the motor manufacturers, which determines whether every assembled motor is mechanically or electrically compliant with standards.

Application Insights

The automotive and transportation segment dominated the market in 2019. Rising consumer preferences for advanced vehicles, such as autonomous cars, self-driving cars, and connected cars, are resulting in an increase in the number of automotive manufacturing units. Increasing demand for automotive components is expected to fuel the growth of this segment. Besides, the commercialization of advanced products to reduce the complexity and weight of the vehicles has increased the sales of the vehicles. This is estimated to boost the segment growth. In addition, government initiatives regarding connected and autonomous vehicles are expected to impact the segment growth positively. For instance, in the year 2019, the Government of the U.K. has invested USD 35 million in the development of connected and autonomous vehicles.

The semiconductor and electronics segment is estimated to expand at a CAGR of 4% over the forecast period. Electronic components such as electronic circuits and batteries are tested on a bench using numerous pieces of testing equipment. The testing of these components is done by the equipment, such as an oscilloscope, signal generators, and logic analyzers, in order to check whether the device is correctly manufactured or not. Furthermore, automated test-benches are used to validate the robustness of various mobile applications and advance the overall development cycle of these applications. These factors are expected to fuel segment growth.

Regional Insights

Asia Pacific dominated the market in terms of revenue in 2019 and is estimated to maintain its lead during the forecast period. The region is expected to expand at a CAGR of more than 4% from 2020 to 2027. Countries such as China and India are generating the highest revenue and are expected to witness the highest growth in the next few years. China held the largest market share in 2019 in the region as it stands as the largest producer of semiconductors, vehicles, and power generation, which results in the demand for testing benches. Increasing usage of these benches by industries, such as electronics and oil and gas, is also driving their demand in the region.

Europe accounted for more than 23% share in the year 2019. It is expected to exhibit the highest CAGR during the forecast period owing to the presence of several manufacturers of test benches, such as Robert Bosch GmbH and Nidec Industrial Solutions. Germany is home to many test bench manufacturers, such as MCD Elektronik GmbH and Blum-Novotest. Countries such as Germany, the U.K., and Italy are expected to exhibit considerable growth owing to rising research & development endeavors by the manufacturers in order to improve the quality of the product.

Key Players

Robert Bosch GmbH (Germany); AMETEK Sensors, Test & Calibration (U.S.); Blum-Novotest (Germany); IAG Industrie Automatisierungsgesellschaft m.b.H. (Austria); Mark-10 (U.S.), FuelCon AG (Germany); Nidec Industrial Solutions (Italy), and ATEQ (U.S.).

Market Segmentation

Test Bench Component Outlook 

  • Hardware
  • Software

Test Bench Type Outlook 

  • Valve
  • Force
  • Torque
  • Others

Test Bench Test Stands Outlook 

  • Manual Stands
  • Motorized Stands

Test Bench Test Material Outlook 

  • Valve
  • Motors
  • Furniture
  • Others

Test Bench Application Outlook

  • Semiconductor and Electronics
  • Industrial Manufacturing and Engineering
  • Automotive and Transportation
  • Power Generation and Utilities
  • Oil and Gas
  • Others

Test Bench Regional Outlook

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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