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 Attribute | Details |
| No. of Pages | 495 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.8 Billion |
| Forecasted Market Value (USD) by 2030 | $7.5 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
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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