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Comprehensive Report On The Global Electronic Weighing Machines Market For The Forecast Period 2024-2033 | Kubota Corporation, Sartorius AG, Setra Systems Inc., Shimadzu Corporation, Mettler-Toledo International Inc
Electronic Weighing Machines Global Market Report 2024
The Business Research Company offers in-depth market insights through Electronic Weighing Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electronic weighing machines market size has grown strongly in recent years. It will grow from $3.86 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industrial automation, quality control standards, market expansion in retail, global trade and logistics, efficiency in production processes.
The electronic weighing machines market size is expected to see strong growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to e-commerce and retail innovation, sustainability and eco-friendly solutions, regulatory compliance, customization for specific industries, data analytics and reporting features. Major trends in the forecast period include integration with industry 4.0, advancements in sensor technology, technological advancements, connectivity and data logging, compact and portable solutions.
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Market Segmentation:
The electronic weighing machines market covered in this report is segmented -
1) By Type: Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Other Types
2) By Distribution Channel: Online, Offline
Major Driver - The Retail Industry Boom Flourishes The Electronic Weighing Machine Market Growth
Significant growth in the retail industry is expected to propel the growth of the electronic weighing machine market going forward. The retail industry is in the business of selling goods and services to customers. Electronic weighing machines are used to measure the weight of any product in the retail industry. For instance, in December 2023, according to the U.S. Census Bureau, a US-based government agency, retail trade sales increased by 0.1% compared to October 2023 and demonstrated a 3.1% rise from the figures recorded in 2022. Therefore, the significant rise in retail sales is driving the growth of the electronic weighing machine market.
Competitive Landscape:
Major companies operating in the electronic weighing machines market report are Kubota Corporation, Sartorius AG, Setra Systems Inc., Shimadzu Corporation, Mettler-Toledo International Inc., Avery Weigh-Tronix LLC., Fairbanks Scales Inc., Cardinal Scale Manufacturing Company, Flintec Group AB, Toledo Weighing Machines Pvt. Ltd., Precia Molen, Rice Lake Weighing Systems Inc., Essae-Teraoka Pvt. Ltd., Tanita Corporation, Contech Instruments Ltd., Minebea Intec, Rinstrum Pty Ltd, Dini Argeo S.r.l., A&D Company Limited, Bonso Electronics International Inc., Kern & Sohn GmbH, Adam Equipment Inc., Ohaus Corporation, Marsden Weighing Group, Brash & Sons Ltd., ATRAX Group NZ Ltd., Doran Scales Inc., Easiweigh Ltd., Truweigh LLC, Aczet Pvt. Ltd., Hottinger Baldwin Messtechnik GmbH
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Top Trend - Strategic Alliances Reshaping The Electronic Weighing Machine Landscape
Major companies operating in the electronic weighing machine market are forming partnerships to develop new products and strengthen their positions in the market. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2022, Woolworths, an Australia-based supermarkets chain partnered with Tiliter Pty Ltd, an Australia-based AI tech company to launch 'Artificially Intelligent (AI) Scales'. These scales will enhance the in-store shopping experience for our customers by offering improved accessibility and convenience. Through this partnership, an increasing number of Australian shoppers can now incorporate innovative AI technology into their daily routines, with the same natural and seamless ease as using their smartphones.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electronic Weighing Machines Market Characteristics
3. Electronic Weighing Machines Market Trends And Strategies
4. Electronic Weighing Machines Market - Macro Economic Scenario
5. Electronic Weighing Machines Market Size And Growth
…..
27. Electronic Weighing Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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