Industrial Scale Market Size, Share, Growth, and Industry Analysis by Type (Pallet Scales, Shipping Scales, Digital Postal Scales, Counting Scales, Floor Scales, Weighing Scales and Other Types), By Application (Solid Waste, Agriculture, Petrochemical, Food, Transportation, Retail, Pharmaceutical and Medical and Others) Forecast From 2023 To 2030

Updated On: 20 November 2023

INDUSTRIAL SCALE MARKET REPORT OVERVIEW

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The global industrial scale market size is expected to be USD 2.025 billion in 2022 and the market is projected to touch USD 2.639 billion by 2028, exhibiting a CAGR of 4.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the industrial scale market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The large size or quantity characterizing of industrial processes is referred to as the "industrial scale." Industrial scales are an extremely adaptable tool with many uses. The various applications for industrial scales include everything from determining the moisture levels of samples to verifying the weight of bulky shipping cargo. Rechargeable or non-rechargeable batteries or an electrical circuit (240V/12V mains adaptor) can be used to power industrial scales. They also have a number of additional functions, including limit value measures, a rogue function, unit number counting, and automatic zero correction.

There are numerous sizes and capacities for floor scales. They are all reliable, precise, and simple to operate. Additionally, versions made of stainless steel and those resistant to corrosion are offered. These include scales for numbering specific products for inventory requirements, weighing goods and commodities to determine transportation costs, and mixing and blending. Counting scales are an efficient technique to count parts and goods of equal weight and are utilized in commerce, stock taking, inventory, and packing. The use of counting scales enables the operator to weigh-based number components or piece parts. Pallet scales are necessary for the routine weighing of pallets in factories and warehouses.

COVID-19 Impact: Indefinite Industrial Functioning Due to Disturbed Production and Supply

The industrial scale supply chain and the production cycle were momentarily affected by the pandemic-induced lockdown that was enacted in many areas. The pandemic has precipitated the world's economy's steepest slump since the Great Depression, with projections for a fall in global GDP in 2020 as opposed to an increase in 2019. The breakout had a slow-moving and waning effect on nations and their businesses all across the world due to lockdown, industry standby, and transportation limitations. Less production activities, a tighter supply chain, a lower percentage of workers who were available, and the temporary closures all contributed to a large decline in market share on an industrial scale.

LATEST TRENDS

"Scale and Balance Manufacturing Industries to Fuel Up the Market Growth"

Balance and Scale Calculate mass by weighing objects, then compare masses using a balance beam and two scales. For precision and accuracy, scales and balances are utilised in a variety of industries, including the chemical, food and beverage, construction, and healthcare sectors. Truck scales, conveyor scales, floor scales, and bench scales are the main types of scales and balances used in the construction sector. One of the top international manufacturers and suppliers of scale and balance-related products and services, Avery Weigh-Tronix caters to practically all industrial needs for weigh scales and systems. Along with weighing intelligence and weighing data management solutions, it also offers software solutions created to function with the weighing apparatus.

INDUSTRIAL SCALE MARKET SEGMENTATION

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• By Type

Based on type; the industrial scale market is divided into pallet scales, shipping scales, digital postal scales, counting scales, floor scales, weighing scales and others.

Pallet Scale is the leading part of the type segment.

• By Application

Based on the application; the industrial scale market is divided into solid waste, agriculture, petrochemical, food, transportation, retail, pharmaceutical and medical and others.

Solid waste management is the leading part of the application segment.

DRIVING FACTORS

"Rapid Industrialization in the Developing regions to Increase Market Demand"

The benefits of rapid industrialization are felt by the developing world. The alteration of the production structure is necessary for economic development and is mostly accomplished through industrialization. As indicated, that the very first benefit of industrialization is the expansion of industries as a result of mass manufacturing of items that are offered to consumers at significantly lower prices. As a result of industrialization, machines speed up human labour and thus resulting in the industrial scale market growth. 

"Export Market and Economies of Scale in Production to Attract Consumers"

The presence of economies of scale in production—also referred to as increasing returns to scale—is a significant factor in why industries trading on a global scale are possible. Because of economies of scale, more output may be produced on a greater scale for less expenditure that is with economies or savings. When output within an industry have this quality, specialization and trade can boost global productivity efficiency and improve welfare in ways that benefit all industrial trading nations.

RESTRAINING FACTORS

"Slowdown in Emerging Economies and Reduced Foreign Demand to Hold Back Market Growth"

China is a crucial component of the global industrial market. It is so big that when it slows down, the entire group's performance will definitely suffer. It represents 30% of the total economic output of the developing and emerging economies. Mathematically, even if there is no change elsewhere, if its performance changes, it will inevitably be reflected in the numbers for this entire class of nations. While growth in most emerging economies has slowed recently, the IMF notes that decreases have generally been more pronounced in countries that export commodities and have dysfunctional industries thus restraining the industrial scale market growth.

INDUSTRIAL SCALE MARKET REGIONAL INSIGHTS

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"Asia Pacific Region to Lead the Market with Major Industrial Players and Stakeholders"

Due to extensive large-scale development operations that create a demand for certified scale and balance equipment and services, the Asia Pacific region is anticipated to hold the majority of the market share during the forecast period. The top 3 businesses, which together account for around 30% of the market share, are Mettler-Toledo, Avery Weigh-Tronix, AandD Weighing, and others. With approximately half of the industrial scale market share, the Asia Pacific region is the largest market.

KEY INDUSTRY PLAYERS

"Prominent Industry Players in the Industry to Promote Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

•  AandD Weighing (Japan)
• Avery Weigh-Tronix (U.S.A)
• B-TEK Scales (U.S.A)
• Mettler-Toledo (U.S.A)
• Rice Lake (U.S.A)
• Fairbanks Scales (U.S.A)
• Active Scale (Canada)
• Fisher Industries (U.S.A)
• Mettler-Toledo (U.S.A)

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past hhistorical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.