According to the business intelligence report titled ‘Global Extensometer Market (Value, Volume) - Analysis By Product, Chamber Testing Process, Application, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global extensometer market which held a total remuneration of USD 1406.37 million in the year 2021, is slated to witness substantial growth during 2022- 2027.  

Rapid urbanization and growing manufacturing facilities across the globe are fueling global extensometer market growth.

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Furthermore, extensive usage of the product in determining tensile strength, strain ratio, and elongation in geotechnical industries such as mining is expanding the scope of revenue generation for the market during the analysis timeframe.

However, since the onset of the Covid-19 pandemic in early 2020, worldwide lockdown mandates meant to curb the spread of the virus caused a significant slump in the production capacity of the industry owing to disruptions in the supply chain and lack of adequate resources.

Despite this, manufacturers are now focusing on recovering their losses during the assessment period of 2022-2027 with the anticipated demand that is likely to help the industry pick up pace in the forthcoming years.

For the purpose of a comprehensive assessment, worldwide extensometer marketplace is bifurcated in terms of product type, chamber testing process, application spectrum, and geographical terrain.  

A vivid analysis of each sub-market that clarifies the historical and current growth rate alongside performance forecast is entailed in the document to enable stakeholders to make well-informed decisions.

Regionally, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the major geographies that contribute significantly to overall market remuneration.

Key players such as Devco Corporation, Reliant Technology LLC, Instron Corporation, Quantum Geotechnic Ltd., 3R Company, LIMESS Messtechnik u. Software GmbH, Mechatronics Inc., Zwick Roell Group, Shenzhen Wance Testing Machine Co. Ltd., and Tinius Olsen Testing Machine Company are influencing the industry trends.

These companies are currently employing various tactics such as mergers, acquisitions, partnership deals, research & development activities, and new product launches to strengthen their presence in the global extensometer industry space.