Ultrasonic Testing Machine

Ultrasonic Testing Machine Market Outlook

The global Ultrasonic Testing Machine market is projected to reach approximately USD 1.5 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% during the forecast period of 2025 to 2035. The increasing adoption of advanced NDT (non-destructive testing) techniques across various industries, particularly in the aerospace and oil & gas sectors, is a significant growth factor propelling the market. Moreover, the demand for portable and automated ultrasonic testing solutions is rising, driven by the need for improved efficiency and accuracy in inspections. Additionally, advancements in technology such as digital signal processing and artificial intelligence are contributing to the expansion of the ultrasonic testing machine market. As industries increasingly prioritize safety and quality assurance, the market is expected to witness robust growth throughout the coming decade.

Growth Factor of the Market

The growth of the Ultrasonic Testing Machine market can be attributed to several key factors. Firstly, the rapid industrialization and infrastructure development in emerging economies are leading to increased investments in quality control and safety measures. This has heightened the demand for non-destructive testing methods, including ultrasonic testing, as various industries seek reliable solutions to ensure compliance with stringent safety regulations. Furthermore, the rising awareness regarding the benefits of early defect detection in critical components is encouraging industries to adopt ultrasonic testing techniques to minimize risks and enhance operational efficiency. Additionally, technological advancements, such as the integration of digital technologies and real-time monitoring capabilities in ultrasonic testing machines, have made these systems more effective and user-friendly. The need for regular maintenance and inspection in sectors such as oil & gas and aerospace further fuels market growth. Ultimately, the convergence of these factors is expected to drive substantial growth in the Ultrasonic Testing Machine market over the coming years.

Key Highlights of the Market

• Rapid adoption of advanced NDT techniques in various industries.
• Increasing demand for portable and automated testing solutions.
• Technological advancements, including AI and digital signal processing.
• Growing focus on safety and quality assurance measures.
• Significant investments in infrastructure development across emerging economies.

By Product Type

Portable Ultrasonic Testing Machine:

Portable ultrasonic testing machines have gained immense popularity due to their flexibility and ease of use. These devices are designed for field applications where mobility and quick access to inspection are paramount. The lightweight and compact design of portable machines allows technicians to carry them to various locations, making them ideal for on-site testing in industries such as construction, manufacturing, and oil & gas. Furthermore, advancements in battery technology have enabled longer operational times, enhancing their utility in remote areas. As industries increasingly prioritize agility and responsiveness in inspections, the demand for portable ultrasonic testing machines is expected to grow significantly in the coming years.

Benchtop Ultrasonic Testing Machine:

Benchtop ultrasonic testing machines are typically used in controlled environments, offering high precision and reliability in testing applications. These machines are commonly employed in laboratories and manufacturing plants where detailed analysis and accurate measurements are crucial. The robust design of benchtop machines allows for comprehensive testing of various materials, making them suitable for applications such as weld inspections and material characterizations. Moreover, their ability to integrate advanced data analysis tools enhances their functionality and effectiveness, leading to increased adoption across industries. As manufacturers invest in improving quality control processes, the benchtop segment is expected to witness steady growth.

Phased Array Ultrasonic Testing Machine:

Phased array ultrasonic testing (PAUT) machines represent a significant advancement in ultrasonic testing technology. These machines utilize multiple ultrasonic elements to create a focused beam of sound waves, allowing for enhanced detection of flaws and discontinuities in materials. PAUT is increasingly used in critical applications such as aerospace and nuclear sectors, where safety and compliance are paramount. The ability to conduct rapid inspections with detailed imaging capabilities makes PAUT an attractive choice for industries looking to improve inspection quality and reduce downtime. As technology continues to evolve, the phased array segment is projected to experience substantial growth, driven by the need for high-performance inspection solutions.

Immersion Ultrasonic Testing Machine:

Immersion ultrasonic testing machines operate by submerging the test specimen in a liquid medium, which aids in the transmission of ultrasonic waves. This method is particularly effective for inspecting complex shapes and large parts, making it a preferred choice in industries such as automotive and aerospace. Immersion testing provides exceptional sensitivity and resolution, allowing for the detection of fine defects that might be missed by other methods. Moreover, the ability to automate the testing process enhances productivity and consistency in inspections. As industries strive for improved quality assurance, the immersion ultrasonic testing machine market is expected to see significant growth.

Guided Wave Ultrasonic Testing Machine:

Guided wave ultrasonic testing machines utilize guided waves to perform inspections over long distances, making them particularly useful for assessing the integrity of pipelines and structures. This technology allows for the detection of defects in hard-to-reach areas without the need for extensive disassembly or excavation. The non-invasive nature of guided wave testing is a key advantage, allowing for efficient monitoring of infrastructure in sectors such as oil & gas and water utilities. As organizations increasingly focus on asset integrity management and minimizing operational risks, the demand for guided wave ultrasonic testing machines is anticipated to rise significantly.

By Application

Weld Inspection:

Weld inspection is one of the primary applications of ultrasonic testing machines, as it ensures the quality and integrity of welds in various structures and components. Ultrasonic testing provides precise and reliable detection of defects such as cracks, porosity, and incomplete fusion, which are critical to the overall performance of welded joints. Industries such as construction, automotive, and oil & gas rely heavily on ultrasonic weld inspections to comply with stringent safety regulations and standards. The increasing complexity of welded structures and components further drives the demand for advanced ultrasonic testing solutions tailored for weld inspection, promoting market growth.

Thickness Measurement:

Thickness measurement is another key application of ultrasonic testing machines, enabling accurate assessment of material thickness in various industrial components. This is particularly important in industries where material degradation occurs over time due to corrosion or wear, such as in pipelines and pressure vessels. Ultrasonic thickness gauges provide quick and non-destructive measurements, ensuring that components maintain their structural integrity and meet safety standards. As industries prioritize maintenance and safety, the demand for ultrasonic thickness measurement solutions is expected to grow, further contributing to the expansion of the ultrasonic testing machine market.

Flaw Detection:

Flaw detection is a critical application of ultrasonic testing machines, enabling the identification of surface and subsurface defects that may compromise the integrity of materials. This application is especially vital in sectors such as aerospace and defense, where the failure of components can have catastrophic consequences. The non-destructive nature of ultrasonic testing ensures that components can be thoroughly inspected without causing damage, making it a preferred method for flaw detection. As industries continue to enhance their safety practices and adhere to rigorous quality standards, the need for effective flaw detection solutions will drive the growth of ultrasonic testing machines.

Material Analysis:

Material analysis using ultrasonic testing machines involves assessing the properties and characteristics of materials to ensure they meet specific standards. This application is essential in industries focused on research and development, where understanding material behaviors under various conditions is critical. Ultrasonic testing can provide valuable insights into material composition, density, and internal structure, aiding in material selection and quality assurance processes. As technological advancements in material science continue, the demand for ultrasonic testing solutions for material analysis is anticipated to increase, further bolstering market growth.

Others:

In addition to the primary applications mentioned, ultrasonic testing machines are utilized in various other applications across industries. These may include monitoring the condition of critical infrastructure, assessing the integrity of composite materials in aerospace, and performing non-destructive testing on electronic components. The versatility of ultrasonic testing technology allows it to be adapted for a wide range of inspection purposes, catering to diverse industry needs. As more sectors recognize the benefits of non-destructive testing methods, the market for ultrasonic testing machines will likely expand to encompass additional applications, enhancing overall growth.

By User

Oil & Gas:

The oil and gas industry is one of the primary users of ultrasonic testing machines, given the critical nature of safety and integrity in this sector. Ultrasonic testing is employed to inspect pipelines, storage tanks, and drilling equipment for defects and degradation, ensuring compliance with industry standards and regulations. The ability to detect flaws early on is essential for preventing leaks and catastrophic failures, making ultrasonic testing an integral part of maintenance programs. As the oil and gas sector continues to evolve and focus on sustainability and asset integrity management, the demand for ultrasonic testing solutions is expected to remain strong.

Aerospace & Defense:

The aerospace and defense sectors heavily rely on ultrasonic testing machines to ensure the safety and performance of components used in aircraft and military equipment. The stringent safety standards in these industries necessitate the use of advanced non-destructive testing techniques for inspecting critical parts such as engines, wings, and structural components. Ultrasonic testing enables the detection of microscopic defects that could lead to catastrophic failures, making it an essential practice in quality assurance. As the aerospace industry seeks to innovate and enhance safety measures, the ultrasonic testing machine market will continue to benefit from this demand.

Automotive:

The automotive industry has also embraced ultrasonic testing machines to maintain high standards of quality and safety in vehicle manufacturing. Ultrasonic testing is utilized for various applications, including weld inspections, thickness measurements, and flaw detection in critical components such as chassis and fuel tanks. As automotive manufacturers increasingly adopt advanced materials and technologies, the need for precise and reliable testing solutions becomes paramount. Furthermore, the growing focus on electric vehicles and lightweight materials is expected to drive innovations in ultrasonic testing, leading to an expanded market presence in this sector.

Manufacturing:

In the manufacturing sector, ultrasonic testing machines are used to ensure product quality and compliance with safety standards across a range of materials and components. Non-destructive testing is vital in processes such as weld inspections and material evaluations, enabling manufacturers to identify and rectify defects early in production. With the rise of automation and advanced manufacturing technologies, ultrasonic testing solutions have become increasingly integrated into production lines, improving efficiency and reducing costs. As the manufacturing sector continues to advance, the demand for ultrasonic testing machines will likely grow to support these innovations.

Others:

Beyond the key sectors mentioned, ultrasonic testing machines are also utilized in various other industries, including power generation, construction, and electronics. These industries often require non-destructive testing solutions to assess the integrity of components and ensure compliance with safety regulations. The adaptability of ultrasonic testing technology allows it to be applied in diverse contexts, catering to the specific needs of different sectors. As more industries recognize the advantages of ultrasonic testing, the overall market is expected to experience growth driven by these additional user segments.

By Component

Hardware:

The hardware segment of the ultrasonic testing machine market includes the physical components necessary for conducting inspections, such as transducers, receivers, and display units. The development of advanced hardware technology, including piezoelectric sensors and high-resolution displays, has significantly enhanced the capabilities of ultrasonic testing machines. These advancements allow for improved sensitivity, accuracy, and ease of use, making ultrasonic testing more efficient. As industries increasingly prioritize quality control and safety, the demand for high-quality ultrasonic testing hardware is expected to rise, driving growth in this segment.

Software:

The software component of ultrasonic testing machines plays a crucial role in data acquisition, processing, and analysis. Advanced software solutions enable technicians to interpret ultrasonic signals and generate detailed reports on the condition of inspected materials. The integration of modern software technologies, such as machine learning and artificial intelligence, has further enhanced the capabilities of ultrasonic testing machines, providing more accurate and actionable insights. As industries seek to optimize their inspection processes and improve decision-making, the demand for sophisticated ultrasonic testing software is anticipated to grow, contributing to market expansion.

Services:

The services segment encompasses the support and maintenance services provided to ensure the effective operation of ultrasonic testing machines. This includes calibration, training, and technical support, which are essential for maximizing the performance of ultrasonic testing equipment. As industries continue to adopt advanced testing solutions, the need for reliable service providers that can offer comprehensive support is expected to grow. Ensuring that ultrasonic testing machines are properly maintained and operated is critical for achieving accurate results and complying with safety standards, making the services segment an integral part of the overall market.

By Region

The North American ultrasonic testing machine market is expected to account for a significant share, driven by the presence of established industries and stringent safety regulations. The aerospace and oil & gas sectors in the U.S. and Canada are major contributors to this market, with investments in advanced inspection technologies on the rise. Furthermore, the increasing focus on infrastructure maintenance and asset integrity management is boosting the adoption of ultrasonic testing solutions. The North American market is projected to grow at a CAGR of approximately 7% during the forecast period, reflecting the region's commitment to quality assurance and safety across industries.

In Europe, the ultrasonic testing machine market is also witnessing substantial growth, driven by the strong manufacturing base and stringent regulatory frameworks in countries like Germany and the UK. The automotive and aerospace industries are significant users of ultrasonic testing technology, ensuring compliance with high safety and quality standards. Additionally, the increasing emphasis on environmental sustainability and the adoption of advanced manufacturing practices are expected to further fuel the demand for ultrasonic testing solutions. As a result, the European market is projected to grow steadily, contributing to the overall expansion of the global ultrasonic testing machine market.

Opportunities

One of the most significant opportunities in the ultrasonic testing machine market lies in emerging technologies, such as the integration of artificial intelligence and machine learning. These technologies can enhance the capabilities of ultrasonic testing machines, allowing for improved data analysis and defect detection. By leveraging these advancements, manufacturers can develop smarter testing solutions that not only provide accurate results but also aid in predictive maintenance, helping industries minimize downtime and optimize operational efficiency. As industries increasingly seek innovative solutions to meet their inspection needs, the incorporation of AI-driven technologies presents a lucrative opportunity for market growth.

Moreover, the rising demand for non-destructive testing in developing economies represents a substantial growth opportunity for the ultrasonic testing machine market. With rapid industrialization and infrastructure development in regions such as Asia-Pacific and Latin America, there is a growing need for reliable inspection solutions to ensure safety and compliance with international standards. As more industries recognize the benefits of ultrasonic testing for quality assurance, manufacturers have the chance to expand their presence in these emerging markets, catering to the increasing demand for advanced testing technologies. This trend, combined with government initiatives promoting safety standards, is expected to create a favorable environment for market growth.

Threats

Despite the positive outlook for the ultrasonic testing machine market, several threats could potentially hinder its growth. One of the primary challenges is the presence of alternative non-destructive testing methods, such as eddy current testing and radiographic testing, which may be preferred in certain applications due to their specific advantages. As industries explore different testing options, the competitive landscape may shift, affecting the demand for ultrasonic testing solutions. Additionally, the initial investment costs for advanced ultrasonic testing machines may deter smaller companies from adopting these technologies, limiting market penetration in certain segments.

Another potential threat is the rapid pace of technological advancements, which could lead to increased obsolescence of existing equipment. Manufacturers must continually invest in research and development to keep up with emerging technologies and maintain a competitive edge. Failure to adapt to the latest advancements may result in losing market share to more innovative competitors. Moreover, fluctuations in global economic conditions can also affect overall investments in quality control and inspection technologies, posing a risk to market growth. Companies must navigate these challenges effectively to sustain their position in the ultrasonic testing machine market.

Competitor Outlook

• Olympus Corporation
• GE Measurement & Control
• Fluke Corporation
• Sonatest Ltd.
• Proceq SA
• MTI Instruments, Inc.
• NDT Systems, Inc.
• Sonoscan, Inc.
• Krautkrämer (a part of Baker Hughes)
• Elcometer Ltd.
• Waygate Technologies (a Baker Hughes business)
• Fischer Technology, Inc.
• Hocking NDT
• EDH Engineering
• ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO., LTD.

The competitive landscape of the ultrasonic testing machine market is characterized by the presence of several prominent players, each vying for market share through innovations, strategic partnerships, and product development. Manufacturers are increasingly focusing on enhancing their product offerings by integrating advanced technologies such as AI, automation, and data analytics into their ultrasonic testing machines. This trend is enabling companies to provide more sophisticated solutions that cater to the evolving needs of various industries, thus driving competition and market growth. Companies are also investing in research and development to stay ahead of the competition and deliver cutting-edge products that meet stringent safety and quality standards.

Among the major players is Olympus Corporation, known for its diverse range of ultrasonic testing solutions tailored for various applications. The company’s commitment to innovation and quality has established it as a leader in the market. Similarly, GE Measurement & Control offers advanced ultrasonic testing technologies that cater to industries such as aerospace, oil & gas, and manufacturing. Their focus on sustainability and asset integrity management further strengthens their position in the competitive landscape. Additionally, Fluke Corporation is recognized for its portable ultrasonic testing equipment, which is widely used across sectors due to its ease of use and reliability.

Sonatest Ltd. and Proceq SA are other notable players in the market, both focusing on enhancing the performance and functionality of their ultrasonic testing machines. Sonatest specializes in phased array and conventional ultrasonic testing, providing cutting-edge solutions for critical applications. Meanwhile, Proceq is renowned for its portable ultrasonic testing devices, catering to the growing demand for mobile inspection solutions. As these companies and others continue to innovate and expand their product portfolios, the competitive dynamics of the ultrasonic testing machine market will evolve, paving the way for new entrants and altered market shares.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Proceq SA
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Hocking NDT
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Sonatest Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Elcometer Ltd.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Sonoscan, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 EDH Engineering
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fluke Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 NDT Systems, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Olympus Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 MTI Instruments, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Fischer Technology, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 GE Measurement & Control
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Krautkrämer (a part of Baker Hughes)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO., LTD.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Waygate Technologies (a Baker Hughes business)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Ultrasonic Testing Machine Market, By User
    • 6.1.1 Oil & Gas
    • 6.1.2 Aerospace & Defense
    • 6.1.3 Automotive
    • 6.1.4 Manufacturing
    • 6.1.5 Others
  • 6.2 Ultrasonic Testing Machine Market, By Component
    • 6.2.1 Hardware
    • 6.2.2 Software
    • 6.2.3 Services
  • 6.3 Ultrasonic Testing Machine Market, By Application
    • 6.3.1 Weld Inspection
    • 6.3.2 Thickness Measurement
    • 6.3.3 Flaw Detection
    • 6.3.4 Material Analysis
    • 6.3.5 Others
  • 6.4 Ultrasonic Testing Machine Market, By Product Type
    • 6.4.1 Portable Ultrasonic Testing Machine
    • 6.4.2 Benchtop Ultrasonic Testing Machine
    • 6.4.3 Phased Array Ultrasonic Testing Machine
    • 6.4.4 Immersion Ultrasonic Testing Machine
    • 6.4.5 Guided Wave Ultrasonic Testing Machine

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Ultrasonic Testing Machine Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Ultrasonic Testing Machine market is categorized based on

By Product Type

• Portable Ultrasonic Testing Machine
• Benchtop Ultrasonic Testing Machine
• Phased Array Ultrasonic Testing Machine
• Immersion Ultrasonic Testing Machine
• Guided Wave Ultrasonic Testing Machine

By Application

• Weld Inspection
• Thickness Measurement
• Flaw Detection
• Material Analysis
• Others

By User

• Oil & Gas
• Aerospace & Defense
• Automotive
• Manufacturing
• Others

By Component

• Hardware
• Software
• Services

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Olympus Corporation
• GE Measurement & Control
• Fluke Corporation
• Sonatest Ltd.
• Proceq SA
• MTI Instruments, Inc.
• NDT Systems, Inc.
• Sonoscan, Inc.
• Krautkrämer (a part of Baker Hughes)
• Elcometer Ltd.
• Waygate Technologies (a Baker Hughes business)
• Fischer Technology, Inc.
• Hocking NDT
• EDH Engineering
• ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO., LTD.