Industrial Weighing Machine Market Size, Share, Growth, and Industry Analysis, By Type (Floor Scale and Bench Scale), By Application (Manufacturing, Food and Beverage, Mining, Transportation and Logistics, Chemicals, and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 15 April 2024

Industrial Weighing Machine Market Report Overview

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The global industrial weighing machine market size was 2492.3 million in 2022 and is expected to reach USD 3369.25 million by 2031, exhibiting a CAGR of 3.4% during the forecast period.

An industrial weighing machine, also known as an industrial scale, is a device used to measure the weight of objects or materials in an industrial setting. These machines are designed to handle heavy loads and are commonly used in industries such as manufacturing, logistics, agriculture, and mining. They play a crucial role in determining the quantity of products or materials being transported, ensuring accurate measurements for quality control, inventory management, and trade purposes.

Industrial weighing machines typically provide digital readouts for easy reading of weight measurements. They may also offer additional features such as tare functionality (to subtract the weight of containers or packaging), data logging capabilities, connectivity to computer systems or networks for data integration, and compatibility with barcode or RFID systems for automated identification and weighing.

COVID-19 IMPACT: Remote Monitoring & Automation to Boost Demand Significantly

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

COVID-19 had a life changing impact globally. The industrial weighing machine market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for industrial weighing machine experienced an increased demand.

The pandemic has caused disruptions in global supply chains, including the manufacturing and distribution of industrial weighing machines. Lockdowns, restrictions on movement, and temporary closures of factories have led to delays in production, shipping, and delivery of these machines. This has resulted in longer lead times and limited availability of certain models.

The pandemic has accelerated the adoption of remote monitoring and automation technologies in industrial processes. Industrial weighing machines equipped with connectivity options and data integration capabilities allow for remote monitoring, control, and data analysis. This enables companies to minimize human interaction, improve efficiency, and ensure continuity in weighing operations, even with limited on-site personnel. The market is anticipated to boost the industrial weighing machine market share following the pandemic.

LATEST TRENDS

"Integration of IoT & Connectivity to Broaden Market Growth"

Industrial weighing machines are increasingly being equipped with Internet of Things (IoT) capabilities and connectivity features. This allows for remote monitoring, data collection, and real-time analysis of weighing operations. The integration of IoT enables predictive maintenance, enhances data-driven decision-making, and facilitates seamless integration with other systems in the industrial environment.

Manufacturers are continually striving to improve the accuracy and precision of industrial weighing machines. Advancements in load cell technology, signal processing algorithms, and calibration methods contribute to more precise and reliable weight measurements. These improvements are particularly important in industries that require high accuracy, such as pharmaceuticals, chemicals, and precision manufacturing. These latest developments are anticipated to boost the industrial weighing machine market share.

Industrial Weighing Machine Market Segmentation

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• By Type

Based on type, the market is divided into floor scale and bench scale.

Floor scale holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Manufacturing, Food and Beverage, Mining, Transportation and Logistics, Chemicals, and Others.

Manufacturing as application holds a major share of the global market.

DRIVING FACTORS

"Inventory Management to Boost Market Share"

Industrial weighing machines play a vital role in inventory management and logistics operations. They help track incoming and outgoing shipments, ensure accurate quantity measurements, and assist in stocktaking and supply chain management. Accurate weight measurements are crucial for billing, pricing, and optimizing transport and storage capacities. Industrial weighing machines provide valuable data that can be used for process optimization and yield improvement. By monitoring and analyzing weight measurements, companies can identify inefficiencies, optimize raw material usage, reduce product giveaway, and improve overall production yield.

"Operational Efficiency to Boost Market Size"

Industrial weighing machines contribute to operational efficiency and cost reduction by automating weighing processes, reducing manual labor, and streamlining workflows. They facilitate faster weighing operations, minimize errors, and improve overall productivity. Efficient weighing processes also lead to cost savings through better resource allocation and reduced material waste. Accurate weighing is critical for quality control in industries such as pharmaceuticals, chemicals, and food processing. Industrial weighing machines help ensure that products meet specified weight requirements, comply with regulations, and maintain consistent quality standards. These factors are anticipated to drive the industrial weighing machine market share.

RESTRAINING FACTORS

"Harsh Operating Environments to Hamper Market Share"

Certain industries operate in challenging environments, such as extreme temperatures, high humidity, dust, or corrosive substances. Industrial weighing machines need to withstand these conditions to maintain accuracy and reliability. However, the availability of suitable weighing machines that can endure such environments may be limited, and the associated costs may be higher. These factors can restrain the adoption of industrial weighing machines in such industries. The factors are anticipated to hinder the growth of the industrial weighing machine market share.

Industrial Weighing Machine Market Regional Insights

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"North America Dominates the Industrial Weighing Machine Market "

North America is the major shareholder for the industrial weighing machine market share. The region has a strong industrial sector and is home to several key players in the industrial weighing machine industry. The region has a diverse range of industries, including manufacturing, logistics, pharmaceuticals, and food processing, which rely heavily on accurate weighing for quality control and operational efficiency. Europe is the second major shareholder for the industrial weighing machine market share.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• A&D Weighing [Japan]
• ATRAX Group [Turkey]
• Avery Weigh-Tronix [U.K.]
• Bilwinco [Denmark]
• CI Precision [U.K.]
• D Brash & Sons [U.K.]
• Easiweigh [U.K.]
• Fairbanks Scales [U.S.]
• Maguire Products [U.S.]
• Mettler-Toledo [U.S.]
• Minebea Intec [Germany]
• OHAUS [U.S.]
• RADWAG Wagi Elektroniczne [Poland]
• Thompson Scale Company [U.S.]
• Walz Scale [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.