Electronic Weighing Scale Market Analysis: 2024, Global Outlook, Key Developments, Business Share by 2032.
Research Reports
Jun 18, 2024
Electronic Weighing Scale Market Insights:
In 2023, the global electronic weighing scale market was valued at an impressive USD 8.7 billion. This robust valuation underscores the pivotal role electronic weighing scales play across various industries. Forecasts indicate a continued upward trajectory, with the market projected to grow from USD 9.24 billion in 2024 to a staggering USD 14.2 billion by 2032. This growth represents a compound annual growth rate (CAGR) of 5.51% during the forecast period from 2024 to 2032.
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Key Players:
- A&D Company, Limited (US)
- Fairbanks Scales Inc. (US)
- Adam Equipment (UK)
- Essae-Teraoka Pvt. Ltd. (India)
- Kern & Sohn Gmbh (Germany)
- Mettler Toredo International, Inc. (US)
- Contech Instruments Ltd (India)
- Shinko Denshi Co., Ltd (Japan)
- Cardinal Scale Manufacturing Company (US)
- Doran Scales, Inc. (US)
- AVERY WEIGH TRONIX LLC (US)
- Sartorius Group (Germany)Shimadzu Corporation (Japan)
- Bonso Electronics International Inc. (Hong Kong)
- Tanita Corporation (Tokyo),
are the notable vendors in the Electronic Weighing Scale Market.
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Electronic Weighing Scale Market Regional Analysis:
During the forecast period from 2018 to 2023 the global market for electronic weighing scale is estimated to grow at a significant rate. The electronic weighing scale market geographic analysis is done for North America, Europe , Asia-Pacific and the rest of the world.
From 2018 to 2023, North America followed by Europe is expected to dominate the electronic weighing scale market due to the growing automation across various industry verticals that involve the use of automated electronic measuring devices for testing and measuring. In addition , high concentration of market players in the region and the availability of competent technical expertise propel the region ‘s demand for an electronic weighing scale.
Due to the easy availability of low-cost raw material which promotes mass production of low-cost electronic scales, Asia-Pacific is expected to record the fastest growth. The main countries identified for high growth in the Asia-Pacific region are China, Japan , Australia and India, which are witnessing widespread adoption of electronic gems.
The Middle East & Africa region is characterized by new developments in automated weighing solutions such as automated precision weighing, incorporating a technology that operates in a fraction of a second within the milligram range. This technology is further integrated with sensors and several communication modules to make weighing faster, more effective and more reliable. Those innovations are driving the region’s electronic weighing scale market. A new development in the Middle East & Africa market is the adoption of digital weighing scales with advanced connectivity features.
The need for replacement of old and obsolete measuring equipment with the latest and modern electronic measuring equipment with enhanced product design and speedy output is one of the key factors driving the Latin America electronic weighing scale market. A trend seen in the electronic weighing scale market in Latin America is the adoption of electronic weighing scales for the logistics and shipping operations in lift truck scales.
Electronic Weighing Scale Market Segmentation:
The global electronic weighing scale market has been analyzed based on end-use vertical, type, and region.
Based on the type, the market has been segmented into table top scale, precision scale, platform scale, pocket scale, and others. During the forecast period, table-top scales are expected to dominate the market, as they are light in weight , easy to use and cost effective.
The market has been segmented into industrial, scientific / laboratory, veterinary, jewellery, food & beverages, health & fitness, industry, education / research, and others by vertical end-use. The industrial segment is slated to dominate the electronic weighing scale market during the forecast period due to its wide use in the export and import of various materials and the measurement of items such as corrosive liquids and gases which require high precision during the production process. platform scales, Rugged industrial crane scales, and pallet truck scales are the major electronic scales used for industrial applications.
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The electronic weighing scale market is on a robust growth trajectory, propelled by factors such as increasing industrial automation and the rapid adoption in retail and jewellery sectors. With continuous technological advancements and expanding applications, the market is set to reach new heights by 2032. As industries continue to prioritize precision and efficiency, the demand for electronic weighing scales is expected to remain strong, making this an exciting space to watch in the coming years.
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