How the Metal Testing Market is Transforming

Demand of High Quality Equipment in Automobile and Electronics Sector

The metal and steel industry dominates the Indian metal testing market owing to extensive usage of destructive and non-destructive testing equipment in identifying the material properties for individual end products and ingots associated with an increase in demand for high quality equipment by the automobile manufacturers and other manufacturers. Also, metal testing market in India is expected to grow at a higher pace during the forecast period owing to the high presence of electronics and manufacturing industry.

Involvement of Government

The major driving factors in metal testing market are active involvement of government and regulatory bodies to monitor the quality of metal. Since, the low metals are considered unfavourable for big projects, the demand for metal testing is growing significantly over the estimated period. Regulatory bodies across the country have set threshold limits for metal in different industries such as automobile industry, aerospace and oil & gas industry. Hence, metal testing has become an essential step for all the industries.

Export of Industrial Products

The requirement for metal testing has grown in the country in recent years, owing to an increase in the export of industrial products to the European region and consumer awareness in the Asia Pacific region regarding the safety of industrial metals. Most of the manufacturers in India have accepted and implemented good manufacturing practices (GMP). India is a potential market for metal testing due to the high level of establishments of research and development centres in the manufacturing industry.

Challenges in the Way

There is very high cost associated with the metal testing equipment. Also, there is lack of availability of trained personnel operating the advanced testing equipment which is hindering the growth of the metal testing market.

Launch of profitable rapid technologies for faster and reliable test results pose a major challenge to the growth of the metal testing market. High costs associated with research and development proficiencies and dearth of government policies to ensure durability of the metals prior to its usage in industries will dampen the market growth rate.

Future of Metal Testing in India

Rise in demand for efficient and effective metal testing equipment and processes is the root cause fuelling up the market growth rate. Rising application areas for metal testing such as in the testing of aircraft equipment, electronics and manufacturing industry, growth and expansion of various end user industries especially in the developing economy like India will also directly and positively impact the growth rate of the market. Rising metal testing due to simultaneous investment by the regional players, rising expenditure for research and development proficiencies, surging incidences for better productivity and quality in the product outputs, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.