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

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Global Market for Electronic Weighing Scales

Global Market for Electronic Weighing Scales

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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• Global Market for Electronic Weighing Scales

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