Global Electronic Weighing Scales Strategic Markets Report 2022-2023 & 2030: Improved Economic Activity and Increased Emphasis on Maintaining Precision in Weighing Drives Market Growth


Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Electronic Weighing Scales: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Electronic Weighing Scales Market to Reach $7.5 Billion by 2030

The global market for Electronic Weighing Scales estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$7.5 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.

Table Top Scales, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Platform Scales segment is readjusted to a revised 4.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 7.4% CAGR

The Electronic Weighing Scales market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$991 Million by the year 2030.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Metrics

Report AttributeDetails
No. of Pages495
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.8 Billion
Forecasted Market Value (USD) by 2030$7.5 Billion
Compound Annual Growth Rate5.7%
Regions CoveredGlobal

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • Electronic Weighing Scales - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Electronic Weighing Scales
  • Select Segments
  • Industrial Weighing Scales
  • Retail Weighing Scales
  • Health Scales
  • Laboratory Scales
  • Global Electronic Weighing Machines Market Set to Witness Steady Growth in Future
  • US and Europe Dominate, Asia-Pacific to Witness Fastest Growth
  • Tabletop Electronic Weighing Scales, Platform Scales Grow Faster
  • Industrial Weighing Scales Dominate the Market
  • Retail Scale & Offline Distribution: Heavyweight Segments of Global Electronic Weighing Machines Market
  • Electronic Weighing Machines Market: Salient Drivers & Restraints
  • Recent Market Activity

FOCUS ON SELECT PLAYERS (Total 139 Featured)

  • A&D Company, Limited
  • Aczet Pvt. Ltd.
  • Adam Equipment Inc.
  • Avery Weigh-Tronix LLC
  • Cardinal / Detecto Scale
  • CAS-USA Corp.
  • Contech Instruments Ltd.
  • Doran Scales, Inc.
  • Essae-Teraoka Pvt. Ltd.
  • Fairbanks Scales Inc.
  • KERN & SOHN GmbH
  • Mettler-Toledo GmbH
  • Rice Lake Weighing Systems India Ltd.
  • Sartorius AG
  • Shimadzu Corporation
  • Tanita Corporation of America, Inc.

MARKET TRENDS & DRIVERS

  • Improved Economic Activity and Increased Emphasis on Maintaining Precision in Weighing Drives Market Growth
  • Increased Advantages over Analog Weighing Scales Propel Market Growth
  • Weighing Technology Advancements Spur Market Expansion
  • Shift from Manual to Automated Solutions: A Prominent Trend in the Market
  • Manufacturing Remains Pivotal Segment of Industrial Weighing Equipment Market
  • Major Applications of Weighing Scales and Systems by Industry
  • Automated and Digital Weighing Scales Adoption Rise amidst the Automation Trend in Industries
  • Industry 4.0 Redefines Manufacturing, Driving Demand for Industry 4.0 Compliant Weighing Solutions
  • Major Industry 4.0 Technologies
  • Artificial Intelligence Transforms Weighing Equipment into Intelligent Systems
  • Technological Trends Transform Industrial Weighing Scales Market
  • Wireless Weighing to Gather Steam
  • Programmable Weighing Systems Find Favor in Industrial Applications
  • Cloud-Based Industrial Weighing Machines to Gain Wider Adoption
  • Introduction of Sophisticated Weighing Equipment
  • Weighing Equipment Gets Smarter
  • Dynamic Scales with New Functions
  • Upgraded Weighing Equipment for Terminals & Ports
  • Loaders with Weighing Technology
  • E-Commerce Growth Presents Opportunities for Weighing Scales
  • Pharmaceutical Industry: Largest End-User of Laboratory Scales
  • Increased Spending in Pharmaceutical R&D Sector
  • Chemistry Labs Rely on Balances and Scales for Efficient Operations
  • New Inventions
  • Weight Management Efforts Enable Electronic Weighing Machines to Remain in Good Shape
  • Innovations Expanding Application Scope of Electronic Weighing Machines
  • Customized Options - A Key Trend
  • Connected Solutions
  • Smart, Integrated Machines
  • Electronic Scales for Jewelry Industry are Worth Weight in Gold

For more information about this report visit https://www.researchandmarkets.com/r/kpb57h

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Global Market for Electronic Weighing Scales

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