Universal Testing Machine Market Insights Video

According to Cognitive Market Research, the global Universal Testing Machine market size was USD 451.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 180.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 135.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 103.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 22.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 9.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• The Four Column Testing Machines held the highest Universal Testing Machine market revenue share in 2024.