Press release
Industrial Weighing Equipment Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Industrial Weighing Equipment Market
The Business Research Company offers in-depth market insights through Industrial Weighing Equipment 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 industrial weighing equipment market size has grown strongly in recent years. It will grow from $2.18 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to energy efficiency, ergonomics and user-friendly design, efficiency and productivity enhancement, increased manufacturing sector, quality control and compliance..
The industrial weighing equipment market size is expected to see strong growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industry 4.0 adoption, rising automation in industries, stringent quality standards, e-commerce and logistics growth, sustainability focus, globalization and market expansion.. Major trends in the forecast period include safety and ergonomics, customization and adaptability, integration with data analytics, sustainability and efficiency..
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Market Segmentation:
The industrial weighing equipment market covered in this report is segmented -
1) By Type: Electronic Industrial Weighing Equipments, Machinery Industrial Weighing Equipments, Electromechanical combined with Industrial Weighing Equipments, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Metal & Mining, Food & Beverages, Waste Recycling, Other Applications
Major Driver - The Surge Of Industrial Weighing Equipment Amidst Growing International Trade
Growing international trade is expected to propel the growth of the industrial weighing equipment market going forward. 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. For instance, in February 2022, according to the Global Trade Update report by The United Nations Conference on Trade and Development (UNCTAD), an intergovernmental organization intended to promote the interests of developing states in world trade, the value of global trade reached a record level of $28.5 trillion in 2021, an increase of 25% over 2020 and an increase of 13% over 2019 prior to the COVID-19 pandemic. Therefore, growing international trade is driving the growth of the industrial weighing equipment market.
Competitive Landscape:
Major companies operating in the industrial weighing equipment market report are A&D Weighing, Easiweigh Ltd., Bilwinco AS, CI Precision Ltd., Mettler-Toledo International Inc., Maguire Products Inc., Avery Weigh-Tronix LLC, Minebea Intec GmbH, Fairbanks Scales Inc., OHAUS Corporation, ATRAX Group NZ Ltd., Thompson Scale Company, D Brash & Sons Ltd., Autoweigh Services Pvt. Ltd., KERN & SOHN GmbH, Rice Lake Weighing Systems India Ltd., Flintec Group AB, Vishay Precision Group, Yamato Scale Co. Ltd., B-TEK Scales LLC, Cardinal Scale Manufacturing Company, Dini Argeo S.r.l., Doran Scales Inc., Emery Winslow Scale Company, Keli Electric Manufacturing (Ningbo) Co. Ltd., LCM Systems Ltd., Novatech Measurements Limited, Precia Molen India Pvt. Ltd., Radwag Balances and Scales, Sartorius AG
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Top Trend - Ishida Europe Revolutionizes Industrial Weighing Equipment With Cutting-Edge Features
Introducing innovative features is a key trend gaining popularity in the industrial weighing equipment market. 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 August 2023, Ishida Europe, a UK-based provider of weighing, quality control and packaging equipment launched two new weighers into their sector solutions range. The new tools are cost effective and high performance solutions that include new heavy duty components and hard wearing PU liners that allow the weighers to withstand high amount of impact and abrasive product flow while maintaining speed and accuracy. This new solution helps manufacturers to maximize the speed and efficiency of their packing operations.
The Table Of Content For The Market Report 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
…..
27. Industrial Weighing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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