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