Composite materials have been widely applied for fabricating pressure vessels used for storing gaseous and liquid fuel because of their high specific stiffness and specific strength. Accordingly, the accurate measurement of their mechanical property, particularly the burst pressure or fracture strain, is essential prior to the commercial release. However, verification of the safety of composite pressure vessels using conventional test methods poses some limitations because it may lead to the deformation of the load transferring media or provoke an additional energy loss that cannot be ignored. Therefore, in this study, the segment-type ring burst test device was designed considering the theoretical load transferring ratio and applicable displacement of the vertical column. Moreover, to verifying the uniform distribution of pressure of the segment type ring burst test device, the hoop stress and strain distribution of ring specimens were compared with that of the hydraulic pressure test method via FEM. To conduct a simulation of the fracture behavior of the composite pressure vessel, a Hashin failure criterion was applied to the ring specimen. Furthermore, the fracture strain was also measured from the experiment and compared with that of the result from the FEM.