Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Industrial Weighing Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Weighing Equipment Market to Reach $3.6 Billion by 2030
The global market for Industrial Weighing Equipment estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
Industrial weighing equipment plays a crucial role in ensuring precision, control, and efficiency across diverse industries. This introduction outlines the core components like load cells and various types of equipment including floor scales, bench scales, continuous weigh feeders, check-weighing scales, and precision balances, among others.
Industrial Manufacturing, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Transportation & Logistics segment is estimated at 5.8% CAGR for the next 8-year period.
Factors impacting the performance of these scales are discussed, highlighting a shift from manual to automated solutions as a prominent trend. The manufacturing sector remains pivotal in driving the industrial weighing equipment market, with developing economies fueling long-term growth. The competitive landscape is characterized by strong, active, and niche players, with recent market activity reflecting ongoing innovations and technological advancements in the industry.
The U.S. Market is Estimated at $625.9 Million, While China is Forecast to Grow at 6.8% CAGR
The Industrial Weighing Equipment market in the U.S. is estimated at US$625.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$700.8 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$575.1 Million by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 555 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.5 Billion |
| Forecasted Market Value (USD) by 2030 | $3.6 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Industrial Weighing Equipment: Crucial Role in Ensuring Precision, Control and Efficiency in Diverse Industries
- An Introduction to Industrial Weighing Equipment
- Load Cells: Core Component of Weighing Instruments
- Types of Industrial Weighing Equipment
- Floor Scales
- Bench Scales
- Continuous Weigh Feeders
- Continuous Weighing Equipment
- Check-Weighing Scales
- Precision Balances
- Transportation Scales
- Electronic Weigh Scales
- Factors Impacting Performance of Industrial Weighing Scales
- Shift from Manual to Automated Solutions: A Prominent Trend in the Market
- Manufacturing Remains the Pivotal Segment of Industrial Weighing Equipment Market
- Developing Economies Continue to Fuel Long-term Growth
- Competition
- Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
- Recent Market Activity
- Influencer/Product/Technology Insights
MARKET TRENDS & DRIVERS
- Technological Trends Transform Industrial Weighing Equipment Market
- Automation, Digitization and Intelligent Weighing
- Wireless Weighing to Gather Steam
- Programmable Weighing Systems Find Favor in Industrial Applications
- Cloud-Based Industrial Weighing Machines to Gain Wider Adoption
- Integration of IoT and Smart Scales
- Advent of Sophisticated Weighing Equipment
- Weighing Equipment Gets Smarter
- Dynamic Scales with New Functions
- Upgraded Weighing Equipment for Terminals & Ports
- Loaders with Weighing Technology
- Field-oriented Scales
- Potential for Analytics and Big Data in Weighing
- Blockchain Technology's Emerging Role in Weighing
- Environmentally Friendly and Sustainable Scales
- Automated and Digital Weighing Scales Adoption Rise amid the Automation Trend in Industries
- Digital Technology Proves Beneficial for Weighing Service Providers
- Importance of Automated Weighing Equipment in Streamlining Tasks
- Industry 4.0 Redefines Manufacturing, Driving Demand for Industry 4.0 Compliant Weighing Solutions
- Shift towards IIoT Drives Significance of Digital Weighing Technology
- Potential of IIoT for Industrial Weighing Equipment
- Artificial Intelligence Transforms Weighing Equipment into Intelligent Systems
- AI-Ready Weighbridge for Waste and Recycling Applications
- Waste Reduction through Weighing Equipment Gives Thrust to Lean Manufacturing
- Mobile Weighing Emerges to Address Need for Faster Transportation & Logistics
- Technology Advancements in Industrial Weighing Machines to Spur Growth
- Select Innovations in Industrial Weighing Equipment
- Weighing Technology Advances Augur Well for the Market
- Developments in Load Cell Technology Influence Weighing Machinery
- USB Load Cells Come to Fore
- Digital Load Cells Gain Prominence in Specialized Applications
- Resistance Strain Gauge Load Cells Undergo Major Advances with Development Trends
- Common Issues Facing Load Cells
- Industrial Weighing Scales Bulk up Attention across Diverse Domains
- Transportation & Logistics Emerges as a Key Driver of Demand Growth
- International Trade Volumes: An Indicator of Potential Opportunities
- Scales for Weighing Truckloads: An Overview
- Lift Truck Scales for Logistics and Shipping Operations
- Potential Opportunities for On-Board Vehicle Weighing Systems
- E-Commerce Growth Presents Opportunities for Weighing Scales
- Weighing Systems Improve Efficiency of Mining Operations
- Industrial Weighing Scales Critical in Mining Operations
- Metal Industries Rely on Weighing Equipment to Streamline Production Cycle
- Growing Significance of Weighing Instruments in Pharmaceutical Manufacturing
- Chemical Processing: Weighing Machinery Plays Critical Role in Maintaining Standard Weight Configurations
- Construction Material Manufacturers Rely on Weighing Equipment across Various Production Stages
- Food Industry Witnesses Rise in Adoption of Digital Weighing Technology
- Favorable Trends in Food Consumption Drive Demand for Automatic Checkweighers
- Uptake of Checkweigher in Health Food Industry
- Food Packaging Gets Precision & Efficiency Lift with Advanced Checkweighers
- Weighing Equipment Gain Precedence in Textile Sector
- Pulp and Paper Manufacturers Look to Leverage Proficiency of Weighing Equipment
- Regulations to Drive Weighing Equipment Demand in Waste Management Industry
- Maintenance of Truck Scales: A Challenging Task
- Industrial Truck Scales: Focus on Key Issues
- Growing Importance of Weighing Equipment for Recycling Industry
- Weighing Equipment Remains Crucial Component of Agriculture & Farming Industry
- Advent of Innovative Technologies Fuel Demand for Electronic Weighing Equipment
- Check Weighing Machines Market: Poised for Growth
- Rising Prominence of Floor Scales in Industrial Weighing Equipment Industry
- Growing Importance of Checkweighers in Industrial Production Lines
- Checkweighers: Fundamental Facet of Packaging Quality Control Applications
- Improving Productivity through Checkweighers
- Smart Checkweighers: A Heavyweight Technology for Factory of Future
- Expanded Capabilities of Checkweighers Make Them Essential to Enhance Productivity
- Accuracy Remains Critical for Automatic Inline Checkweigher
- Weighing and Controlling Foreign Objects in Demanding Environments
- Replacement Demand to Support Market Growth
- Regulatory Guidelines to Influence Market Prospects
- Challenges Facing Industrial Weighing Equipment Market
FOCUS ON SELECT PLAYERS(Total 216 Featured)
- A&D Weighing
- ATRAX Group NZ Ltd.
- Avery Weigh-Tronix, LLC
- Bilwinco AS
- CI Precision Ltd.
- D Brash & Sons, Ltd.
- Easiweigh Limited
- Fairbanks Scales, Inc.
- GSH Group
- Maguire Products, Inc.
- Mettler-Toledo International, Inc.
- Minebea Intec
- OHAUS Corporation
- RADWAG Wagi Elektroniczne
- Thompson Scale Company
- Walz Scale
For more information about this report visit https://www.researchandmarkets.com/r/sw9lpl
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