World - Electronic Machines And Appliances For Testing Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectronic Metal Tester Market
The article delves into the global market for electronic metal testers, forecasting an increase in both volume and value terms from 2022 to 2030. Consumption trends show fluctuations over the period under review, with countries like India, China, and Taiwan leading in consumption and production. Import and export statistics reveal a growth in exports and a slight reduction in exports in terms of value. Price trends for both imports and exports show significant differences among major trading countries.
Market Forecast
Driven by rising demand for electronic metal tester worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market volume to 835K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.4% for the period from 2022 to 2030, which is projected to bring the market value to $6.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electronic Machines And Appliances For Testing Metals
After three years of decline, consumption of electronic machines and appliances for testing metals increased by 37% to 609K units in 2022. Over the period under review, consumption, however, saw a slight slump. Global consumption peaked at 1.1M units in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.
The global electronic metal tester market value surged to $3.9B in 2022, picking up by 53% 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). Overall, consumption, however, saw a perceptible reduction. As a result, consumption attained the peak level of $9.6B. From 2015 to 2022, the growth of the global market remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (149K units), China (90K units) and Taiwan (Chinese) (89K units), together accounting for 54% of global consumption. Germany, Malaysia, the UK, Hong Kong SAR, Italy and Ireland lagged somewhat behind, together accounting for a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Ireland (with a CAGR of +83.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($1.4B) led the market, alone. The second position in the ranking was held by Malaysia ($645M). It was followed by China.
From 2012 to 2022, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (-1.9% per year) and China (-14.4% per year).
The countries with the highest levels of electronic metal tester per capita consumption in 2022 were Taiwan (Chinese) (3.8 units per 1000 persons), Hong Kong SAR (3.3 units per 1000 persons) and Ireland (1.9 units per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +82.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Electronic Machines And Appliances For Testing Metals
In 2022, the amount of electronic machines and appliances for testing metals produced worldwide skyrocketed to 1.1M units, growing by 24% compared with the previous year. The total output volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Global production peaked at 1.1M units in 2016; afterwards, it flattened through to 2022.
In value terms, electronic metal tester production dropped slightly to $2.5B in 2022 estimated in export price. In general, production enjoyed strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 32% against the previous year. Global production peaked at $2.8B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (360K units), the United States (238K units) and India (142K units), together accounting for 69% of global production.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +369.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electronic Machines And Appliances For Testing Metals
In 2022, approx. 343K units of electronic machines and appliances for testing metals were imported worldwide; growing by 73% against 2021 figures. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electronic metal tester imports contracted to $527M in 2022. Over the period under review, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 6.4% against the previous year. Global imports peaked at $691M in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, the United States (179K units) represented the main importer of electronic machines and appliances for testing metals, generating 52% of total imports. It was distantly followed by China (41K units) and India (18K units), together making up a 17% share of total imports. Ireland (9.8K units), South Korea (8.8K units), Nepal (5.7K units), Singapore (5.6K units) and Thailand (5.2K units) held a minor share of total imports.
From 2012 to 2022, average annual rates of growth with regard to electronic metal tester imports into the United States stood at +34.5%. At the same time, Nepal (+69.1%), Ireland (+50.4%), India (+35.9%), Thailand (+13.5%), Singapore (+7.5%), China (+6.6%) and South Korea (+1.5%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in the world, with a CAGR of +69.1% from 2012-2022. From 2012 to 2022, the share of the United States, India, Ireland and Nepal increased by +47, +4.8, +2.8 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($98M), the United States ($58M) and South Korea ($30M) constituted the countries with the highest levels of imports in 2022, together comprising 35% of global imports. Singapore, India, Thailand, Ireland and Nepal lagged somewhat behind, together comprising a further 7.3%.
Among the main importing countries, Ireland, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average electronic metal tester import price stood at $1,537 per unit in 2022, reducing by -46.3% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21% against the previous year. Global import price peaked at $3,783 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 ($3,408 per unit), while Nepal ($67 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-2.6%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Electronic Machines And Appliances For Testing Metals
In 2022, approx. 813K units of electronic machines and appliances for testing metals were exported worldwide; growing by 31% against the previous year. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 52%. The global exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electronic metal tester exports reduced to $625M in 2022. In general, exports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The global exports peaked at $745M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports By Country
The United States (410K units) and China (312K units) prevails in exports structure, together generating 89% of total exports. The UK (18K units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United States (with a CAGR of +64.6%), while the other global leaders experienced mixed trends in the exports figures.
In value terms, the United States ($130M) remains the largest electronic metal tester supplier worldwide, comprising 21% of global exports. The second position in the ranking was held by China ($59M), with a 9.4% share of global exports.
In the United States, electronic metal tester exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+4.2% per year) and the UK (-0.2% per year).
Export Prices By Country
In 2022, the average electronic metal tester export price amounted to $769 per unit, which is down by -32.2% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The global export price peaked at $3,273 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 the UK ($2,734 per unit), while China ($188 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global electronic metal 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 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)
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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