Industrial Weighing Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Electronic Industrial Weighing Equipment, Machinery Industrial Weighing Equipment, Electromechanical combined with Industrial Weighing Equipment, Other), By Application (Chemicals Industry, Manufacturing Industry, Mining Industry, Food & Beverages Industry, Other), Regional Insights, and Forecast From 2024 To 2031

Updated On: 22 April 2024

Industrial Weighing Equipment Market Report Overview

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The global industrial weighing equipment market size was USD 2492.3 million in 2022 and is projected to touch USD 3369.25 million by 2031, at a CAGR of 3.4% during the forecast period.

Industrial weighing machines are used to determine the weight of any objects, products, and devices with accuracy and precision. Analogue or digital industrial weighing scales are available. Industrial weighing machines are widely utilized because of their many advantages, including their high precision, ease of calibration, and ease of interpreting the result.

 Additionally, to properly fill raw materials and check the weight of delivered goods, industrial weighing equipment is employed. Manufacturers require industrial weighing machines because they offer accurate weight readings to a predetermined number of decimal places and help to reduce production costs by eliminating material waste and overfilling.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The global COVID-19 pandemic has been unprecedented and staggering, with the global industrial weighing equipment Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

Industrial weighing scales can quickly and accurately measure weights ranging from milligrams to metric tons. They are dependable, sturdy, and quick. Agriculture, pharmaceuticals, construction, food, and other end-use sectors are those that use industrial weighing equipment the most. Depending on its intended use, industrial weighing machines exist in a variety of types, such as the conveyor scale, which weighs objects as they move along a conveyor, and the weighbridge, which weighs massive trucks and other vehicles. The market for industrial weighing equipment is expected to grow as a consequence of rising acceptance and demand for automation across a variety of industries. Higher labor costs and problems with manual weighing systems are two additional factors predicted to enhance the industrial weighing equipment market.

Industrial Weighing Equipment Market Segmentation

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• By Type

Based on type the global industrial weighing equipment market is classified as electronic industrial weighing equipment, machinery industrial weighing equipment, electromechanical combined with industrial weighing equipment, other.

• By Application

Based on application the global industrial weighing equipment market is classified as chemicals industry, manufacturing industry, mining industry, food & beverages industry, other.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth "

The labour and time required for weighing processes can be reduced with the use of automatic industrial weighing equipment. The global market for industrial weighing equipment is also predicted to be stimulated by an increase in industry infrastructure spending. Most today's manufacturing processes are concentrated on a number of quality criteria, such as process optimisation, measurement precision, weighing assurance, and process improvement. The bulk of operations performed in any manufacturing organisation necessitate the use of industrial weighing equipment since an efficient weighing apparatus can maintain these parameters at the proper level.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

Industrial weighing equipment can help manufacturing companies achieve the highest levels of precision in their batching, measuring, and weighing operations. Leading manufacturers of industrial weighing equipment are creating cutting-edge products that combine weighing and batching capabilities to meet the demands of the manufacturing industry. These elements are anticipated to support the growth of the global corporate feedback management market throughout the course of the forecast year. In the upcoming years, it is also projected that the manufacturing sector would grow favorably, which will entice market participants to target the industry as a top end user and take advantage of lucrative sales opportunities.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

Two major issues preventing the total growth of electronic weighing scales are the necessity of electricity for the product's operation and the inability of using such equipment without it. Due to this aspect, customers are opting for manual or mechanical weighing machines. Consequently, it's feasible that less developed countries with access to power won't have a higher rate of product uptake. The market in undeveloped countries confronts major challenges when compared to conventional and manual weighing equipment due of high energy costs, high maintenance costs, and exorbitant price. During the projected period, these obstacles may restrict the industrial weighing equipment market's overall expansion.

Industrial Weighing Equipment Market Regional Insights

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

North America now controls the majority of the market share as a result of the end-use industry's continuing expansion and the expanding range of equipment implementations. The presence of well-known US companies and the continued trend towards automation boost the regional market. Europe will control about 22.1% of the worldwide market by 2022. During the projection period, 2022–2032, this area is anticipated to be one of the fastest expanding markets for industrial weighing equipment. China will continue to be the world's largest auto market when global car production rises to 40 million units by 2022 and 53 million units by 2025, according to the Chinese government. During the projection period, the Asia Pacific region is anticipated to grow at the fastest CAGR.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• Avery Weigh-Tronix (US)
• RADWAG WagiElektroniczne (Poland)
• CI Precision (UK)
• A&D Weighing (Japan)
• Atrax Group NZ (New Zealand)
• Avery Weigh-Tronix (US)
• Thompson Scale Company (UK)
• Easiweigh Limited (Denmark)
• Bilwinco AS (UK)
• D Brash & Sons (Germany)
• Sartorius AG Ohaus Corporation (US)
• Maguire Products (US)
• Mettler Toledo International (Switzerland)
• Fairbanks Scales (US)
• Ohaus Corporation (US)
• Walz Scale (US)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.