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 was worth USD 1406.37 million in the year 2021 and is slated to register decent growth during 2022- 2027. 

The expansion of global extensometer market can be accredited to multiple variables such as accelerated urbanization and expanding production facilities.

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Besides, it is expected that the demand for natural resources will boost the sales of mining equipment for various survey and measurement applications, thus bolstering the progress of the business sphere through the review period.

Furthermore, the product's widespread use in establishing tensile strength, strain ratio, and elongation in geotechnical sectors such as mining is broadening the scope of raising revenue for the industry during the analysis period.

Since the emergence of the Covid-19 pandemic in early 2020, lockdown regulations intended to cease the spread of the coronavirus had caused a significant drop in mining as well as construction activities, hence plummeting the product demand and hampering the worldwide extensometer industry growth.

Despite this, businesses are now focusing on recouping their losses during 2022-2027, with the demand estimated to pick up pace in the forthcoming years.

For the purpose of a comprehensive understanding of the current situation, the marketplace is bifurcated in terms of product type, chamber testing process, and application spectrum. A vivid analysis of each vertical along with growth rate projections is entailed in the document to enable stakeholders to make well-informed decisions.

On the geographical front, Asia Pacific market is poised to register a significant revenue share during the assessment period.

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