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Soaring Demand Set to Propel Industrial Weighing Equipment Market to $3.12 Billion by 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Is the Expected CAGR for the Industrial Weighing Equipment Market Through 2025?
There has been significant expansion in the industrial weighing equipment market size in the past few years. The market which was valued at $2.3 billion in 2024 is expected to reach $2.43 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.9%. The historical growth is credited to factors such as energy efficiency, ergonomic and user-friendly designs, increased efficiency and productivity, growth in the manufacturing industry, and stringent quality control and compliance measures.
What's the Projected Size of the Global Industrial Weighing Equipment Market by 2029?
There is a prediction for a solid increase in the industrial weighing equipment market within the coming years. The market size is expected to surge to $3.12 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.5%. The projected growth during the forecasted years can be linked to factors such as the adoption of industry 4.0, an increase in industrial automation, strict quality standards, advancements in e-commerce and logistics, emphasis on sustainability, globalization, and market expansion. Key trends to watch during this period include a focus on safety and ergonomics, customization and flexibility, data analytics integration, and a concentration on sustainability and efficiency.
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Top Growth Drivers in the Industrial Weighing Equipment Industry: What's Accelerating the Market?
The escalations in international trade are anticipated to fuel the expansion of the industrial weighing equipment market. International trade involves the movement of capital, goods, and services worldwide, crossing the borders of various nations. As international trade flourishes, there is an increase in the demand for transport and logistics, subsequently triggering the growth in the industrial weighing equipment market. According to the United Nations Conference on Trade and Development (UNCTAD), an intergovernmental agency committed to advocating for the interests of developing countries in worldwide trade, an expected rise in goods trade by almost $250 billion and services trade by $100 billion in the first half of 2024 compared to the latter half of 2023, was reported in July 2024. This expected elevation highlights a resurgence trend in global trade operations, displaying resilience amidst persistent economic hurdles. Hence, the progress in international trade is accelerating the expansion of the industrial weighing equipment market.
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What Trends Will Shape the Industrial Weighing Equipment Market Through 2029 and Beyond?
The emergence of innovative feature introductions is a rising trend in the industrial weighing equipment market. Principal entities in this market are producing items with ever-increasing innovative aspects meant for providing services related to industrial weighing equipment. For example, Ishida Europe, a firm based in the UK that provides weighing, quality control, and packaging equipment, released two new weighers in their sector solutions range in August 2023. These new tools are not only economical but also exhibit high performance, comprising new robust components and tough PU liners. These allow the weighers to resist a high degree of impact and product flow abrasion, while preserving speed and precision. This novel approach aids manufacturers in optimizing the pace and effectiveness of their packing processes.
What Are the Main Segments in the Industrial Weighing Equipment Market?
The industrial weighing equipment market covered in this report is segmented -
1) By Type: Electronic Industrial Weighing Equipment, Machinery Industrial Weighing Equipment, Electromechanical combined With Industrial Weighing Equipment, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Industrial Manufacturing, Transportation And Logistics, Chemical Processing, Metal And Mining, Food And Beverages, Waste Recycling, Other Applications
Subsegments:
1) By Electronic Industrial Weighing Equipment: Digital Scales, Load Cells, Bench Scales, Floor Scales
2) By Machinery Industrial Weighing Equipment: Weighing Hoppers, Weighbridges, Conveyor Belt Scales
3) By Electromechanical Combined With Industrial Weighing Equipment: Mechanical Scales, Hybrid Weighing Systems
4) By Other Types: Portable Weighing Equipment, Static Weighing Equipment, Automated Weighing Systems.
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Which Top Companies are Driving Growth in the Industrial Weighing Equipment Market?
Major companies operating in the industrial weighing equipment market 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
Which Regions Will Dominate the Industrial Weighing Equipment Market Through 2029?
North America was the largest region in the industrial weighing equipment market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial weighing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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