Industrial Weighing Scales Market Report Overview
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The global industrial weighing scales market size is estimated to be USD 2492.3 million in 2022, as per our research, the market is projected to touch USD 3,374.94 million by 2031, exhibiting a CAGR of 3.4% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with industrial weighing scales experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Industrial weighing scales is a measuring instruments. They are used for the precise and accurate measurement of the weight of any products, goods, and devices. Industrial weighing machines can be analogue or digital.
The market growth is attributed to growing demand to boost automation in several industries. High demand for precise and accurate measuring is anticipated to fuel market growth. Huge investments by prominent market players and higher labor costs are estimated to surge market growth. The product is used for the precise and accurate measurement of the weight of any products, goods, and devices, which is expected to fuel market progress in the forthcoming years. It is designed for measuring mass and high-end demand from chemical, food, pharmaceutical, transportation and logistics, and others. These factors are predicted to surge market growth in the forthcoming years. On the contrary, the high cost of the machine is anticipated to limit market growth in the upcoming years.
COVID-19 Impact: Shutting of Industrial Activities to Limit Market Progress
The shutdown of several end-user sectors and lockdown restrictions to limit market progress. Lower demand for the product and closure of industrial activities to restrict the market growth. Several lockdown measures and a lower rate of production activities, supply, and chain distribution, and lack of labor. These factors harm market growth during the pandemic period.
LATEST TRENDS
"Growing Awareness about the Benefits of the Machine to Push Market Growth"
Increased awareness about the benefits of the machine among consumers is estimated to fuel market growth. The advantages of machines are ease of reading the result, high precision, and simple calibration. These properties of the machine are anticipated to fuel market growth. The product is fast, strong, and dependable which makes it easy to measure. Increased high-end demand from chemical, food, pharmaceutical, transportation and logistics, and others. These factors are predicted to surge market growth in the forthcoming years. High demand for the machine in the manufacturing process is predicted to drive market progress.
Industrial Weighing Scales Market Segmentation
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- By Type
Based on type, the market is divided into check weighers, rail scales, floor scales, counting scales, and others.
Rail scales are expected to be the top part of the segmentation type.
- By Application
Based on the application, the market is divided into chemical, food, pharmaceutical, transportation and logistics, and others.
Pharmaceutical is expected to be the top part of application segmentation.
DRIVING FACTORS
"High Labor Expenses and Rapid Development in Industrial Sector to Fuel Market Growth"
Increased labor expenses and high demand for cost-effective machine is estimated to surge market progress. A rise in industry infrastructure spending and high demand for precise and accurate measuring is anticipated to fuel market growth. Huge investments by prominent market players and higher labor costs are estimated to surge market growth. The product is used for the precise and accurate measurement of the weight of any products, goods, and devices, which is expected to fuel market progress in the forthcoming years. Rapid urbanization and huge development in the industrial sector are predicted to surge industrial weighing scales market growth.
"Increased Demand from Laboratories and Growing Health Consciousness to Foster Market Progress"
Increasing demand from laboratories and a high need for health consciousness are estimated to fuel market growth. It is designed for measuring mass and high-end demand from chemical, food, pharmaceutical, transportation and logistics, and others. These factors are predicted to surge market growth in the forthcoming years. Increased R&D activities and a high need for cutting–edge solutions among end-user are predicted to surge market progress.
RESTRAINING FACTORS
"High Cost of the Machine to Limit Market Progress"
The high cost of the machine is anticipated to limit market growth in the upcoming years.
Industrial Weighing Scales Market Regional Insights
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"Huge Demand for Automation in Several Industries in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to account for the largest industrial weighing scales market share owing to growing demand to boost automation in several industries. High demand for precise and accurate measuring is anticipated to fuel market growth. Huge investments by prominent market players and higher labor costs are estimated to surge market growth.
Europe is predicted witness prominent market growth due to huge demand from industries. High need to measure mass accurately is anticipated to fuel market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- A&D Weighing (U.S.)
- Applied Weighing International Limited (U.K.)
- Atrax Group (Australia)
- Avery Weigh-Tronix (U.K.)
- Bilwinco (Denmark)
- Brash Weighing Equipment (U.S.)
- B-TEK Scales (U.S.)
- CI Precision (U.K.)
- Easiweigh Limited (China)
- Emery Winslow Scale (U.S.)
- Fairbanks (U.S.)
- Hardy Process Solutions (U.S.)
- Industrial Weighing Systems (U.S.)
- Maguire Products (U.S.)
- Mettler Toledo International (U.S.)
- Ohaus Corporation (U.S.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 2492.3 Million in 2022 |
Market Size Value By |
US$ 3 Million by 2031 |
Growth Rate |
CAGR of 3.4% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the industrial weighing scales market expected to touch by 2031?
The global industrial weighing scales market size is expected to reach USD 3,374.94 million by 2031.
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What CAGR is the industrial weighing scales market expected to exhibit by 2031?
The industrial weighing scales market is expected to exhibit a CAGR of 3.4% by 2031.
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Which are the driving factors of the industrial weighing scales market?
Drivers of this industrial weighing scales market are high labor expenses and rapid development in the industrial sector and increased demand from laboratories and growing health consciousness.
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Which are the top companies operating in the industrial weighing scales market?
A&D Weighing, Applied Weighing International Limited, Atrax Group, Avery Weigh-Tronix, Bilwinco, Brash Weighing Equipment, B-TEK Scales, CI Precision, Easiweigh Limited, Emery Winslow Scale, Fairbanks, Hardy Process Solutions, Industrial Weighing Systems, Maguire Product, Mettler Toledo International, and Ohaus Corporation are the top companies operating in the industrial weighing scales market.
