Press release
Electronic Weighing Scale Industry Growth: $4.54 Bn in 2023 to $7.10 Bn by 2030
Electronic Weighing Scale Market
The global electronic weighing scale market is anticipated to experience substantial growth, with projections indicating an increase from $4.54 billion in 2023 to nearly $7.10 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 6.61% during the forecast period from 2024 to 2030.
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Competitive Landscape and Regional Demand
The electronic weighing scale market is characterized by intense competition, with numerous key players striving to enhance their market presence. Regions such as North America and Europe have traditionally dominated the market due to advanced industrial automation and early technology adoption. However, there is a growing demand in regions like Asia Pacific, attributed to increasing investments in manufacturing sectors and the rapid deployment of electronic weighing scales in retail and jewelry outlets.
United States: Growth Opportunities and Trends
In the United States, the electronic weighing scale market is witnessing significant growth opportunities driven by technological advancements and the integration of precision measurement tools across various industries. The trend towards automation and the need for accurate weight measurements in sectors such as logistics, healthcare, and retail are further propelling market growth.
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Asia Pacific: Expansion and Consolidation
The Asia Pacific region is experiencing rapid expansion in the electronic weighing scale market, with countries like China and India investing heavily in industrial automation and retail infrastructure. This region has also seen notable mergers and acquisitions, such as Ultimate Products' acquisition of Salter Housewares, aiming to strengthen its position in the weighing scale market.
Europe: Technological Advancements and Market Updation
Europe continues to be a significant player in the electronic weighing scale market, focusing on technological advancements and system updates. Key developments include Illinois Tool Works' acquisition of Avery Berkel, enhancing its capabilities in the weighing scale sector.
Middle East and Africa: Emerging Opportunities and Trends
The Middle East and Africa are emerging as potential markets for electronic weighing scales, driven by increasing investments in industrial sectors and the adoption of advanced measurement technologies. The trend towards modernization of retail and healthcare infrastructure is creating new opportunities for market players in these regions.
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Market Segmentation: In-Depth Analysis:
by Type
Table top scale
Platform scale
Precision scale
Pocket scale
Others
In 2023, the market for electronic weighing scales was dominated by the tabletop scales segment, which is predicted to account for over 25% of the market. Tabletop scales are electronic weighing devices that are small, robust, affordable, lightweight, and simple to use. The majority of uses for these scales are found in retail settings, pharmacies, cafes, kitchens, and laboratories.
by End-User Vertical
Industrial
Veterinary
Scientific/laboratory
Jewelry
Food & beverages
Health & fitness
Education/research
Others
It is anticipated that the industrial sector would account for almost 30% of the worldwide market for electronic weighing scales. Weighing scales are used extensively in the import and export of various materials as well as in the measurement of substances like gasses and caustic liquids. Throughout the production process, it needs to be extremely accurate. In the industrial setting, electronic weighing scales are becoming a commonplace fixture. The most common electronic scales used in industrial settings are pallet truck scales, platform scales, and rugged industrial crane scales.
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Learn about the top players driving innovation in the Market :
1. Mettler Toledo International Inc.
2. KERN & SOHN
3. Minebea Intec
4. Samurai Scale
5. Adam Equipment Co. Ltd.
6. Shimadzu Corporation
7. Cardinal Scale
8. Rice Lake Weighing Systems
9. BONSO Electronics International, Inc.
10. Doran Scales, Inc.
11. Arlyn Scales
12. Aczet Pvt. Ltd.
13. Essae-Teraoka Pvt. Ltd.
14. Zhengzhou Dingheng Electronic Technology Co., Ltd.
15. Avery Weigh Tronix Ltd.
16. Leotronic Scale
17. Jadever scale co.ltd
18. Transtek Medical
19. HiWEIGH
20. Janner-Waagen GmbH
21. PCE Instruments
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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