Global Scale & Balance Market Anticipated to Reach USD 1.0 Billion by 2025

According to Goldstein Research, global scale & balance market is expected to reach USD 1.0 billion by 2025, growing at a CAGR of 3.1% over the forecast period 2017-2025. The factors such as technological innovation in scale and balance, growth in end use industries, frequent quality checks and certifications such as ISO 9001 tends to impact the growth of global scale and balance market. Global scale & balance market segmentation has been done on the basis of products, services, distribution channel, end user and geography. Based on product type, truck scale accounted for largest market share of 26.4% in 2017, on the back of its application across various industries such as logistics, construction and mining, which accounts for generating huge revenues.

Global scale & balance market is largely dominated by Asia Pacific with a market share of 31.7% in 2017 owing to huge development activities at a large scale that demand for certified scale and balance equipment and services. North America scale and balances market is growing at a rate of 3.3% annually as the major players manufacturing scale and balances are established within this region.

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Market Segmentation

On the basis of our in-depth analysis, Global Scale & Balance Market can be segmented as follows:

By Products

o Bench and Floor Scales
o Laboratory Balance and Scales
o Truck Scales
o Hanging Scales
o Counting Scales
o Others (Medical and Baby Weighing Scales, etc.)

By Services

o Engineering Support Service
o Installation Services
o Upgrade, Maintenance and Repair Services
o Software Solutions

By Distribution Channel

o Online
o Offline

By End-User

o Construction Industry
o Food and Beverage Industry
o Transport and Logistics
o Manufacturing Industry
o Chemical Industry
o Mining Industry
o Healthcare Industry
o Other (Recycling Industry, etc.)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Global Scale & Balance Market Outlook 2025 contains detailed overview of the global scale & balance market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by products, services, distribution channel and end user.

Further, for the in-depth analysis, Global Scale & Balance Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Micro-Star International, Avery Weigh-Tronix, Minebea Intec, A&D Weighing, Fairbanks Scales, Ohaus, Sartorius, Rice Lake Weighing Systems, CAS Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global scale & balance market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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