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Industrial Weighing Equipment Market Size, Share, Trends, Growth, Industry Analysis And Forecast 2023-2032
Industrial Weighing Equipment Market Report
The Business Research Company's Industrial Weighing Equipment Global Market Report 2023 identifies growing international trade as the major driver for the industrial weighing equipment market's growth in the forecast period. International trade refers to the transfer of capital, commodities, and services between various countries and across international borders. The rise in international trade gives rise to transport and logistics demand, and the rise in transport and logistics demand gives rise to the industrial weighing equipment market.
The global industrial weighing equipment market is expected to grow from $2.06 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the industrial weighing equipment market is expected to grow to $2.72 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the industrial weighing equipment market are A&D Weighing, Easiweigh Ltd., Bilwinco AS, CI Precision Ltd., Mettler-Toledo International Inc.,
A key trend in the industrial weighing equipment market includes introducing innovative features. Major players operating in the industrial weighing equipment market are developing products with more and more innovative features for providing industrial weighing equipment services. For instance, in March 2020, Minebea Intec, launched the new puro series of industrial scales. The Puro range offers innovative industrial weighing solutions. Minebea Intec is expanding its line of portable scales with a rechargeable lithium-ion battery due to this innovative weighing solution. This extends the product's useful life to up to 500 hours while still producing accurate measurement results.
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The industrial weighing equipment market is segmented -
•By Type: Electronic Industrial Weighing Equipments, Machinery Industrial Weighing Equipments, Electromechanical combined with Industrial Weighing Equipments, Other Types
•By Application: Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Metal & Mining, Food & Beverages, Waste Recycling, Other Applications
•By Distribution Channel: Online, Offline
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the industrial weighing equipment market.
The Business Research Company's "Global Industrial Weighing Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Weighing Equipment Market Include:
1. Executive Summary
2. Industrial Weighing Equipment Market Characteristics
3. Industrial Weighing Equipment Market Trends And Strategies
4. Industrial Weighing Equipment Market - Macro Economic Scenario
5. Industrial Weighing Equipment Market Size And Growth
……
26. Africa Industrial Weighing Equipment Market
27. Industrial Weighing Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Weighing Equipment Market
29. Industrial Weighing Equipment Market Future Outlook and Potential Analysis
30. Appendix
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