The Electronic Weighing Machines Global Market Report 2023 by The Business Research Company, provides electronic weighing machines market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Electronic Weighing Machines Global Market Report 2023, the global electronic weighing machine market size grew from $3.66 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global electronic weighing machines is expected to grow to $4.76 billion in 2027 at a CAGR of 5.0%.
Significant growth in the retail industry is expected to propel the growth of the electronic weighing machine market going forward. The retail industry is in the business of selling goods and services to customers. Electronic weighing machines are used to measure the weight of any product in the retail industry.
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The electronic weighing machines market is segmented:
1) By Type: Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Other Types
2) By Distribution Channel: Online, Offline
Product innovations are a key trend gaining popularity in the electronic weighing machine market. Major companies operating in the electronic weighing machine market are introducing new innovative products to meet customer demand. For instance, in November 2021, Mettler-Toledo, a US-based manufacturer of scales and analytical instruments, launched an electronic weighing machine named the BPA121 Portable Scale. It is a portable scale created exclusively for the food processing industries and is uniquely suitable for extremely moist environments. This product is designed to survive damp and severe situations and offers exceptional protection against water penetration and humidity.
The electronic weighing machines market report table of contents includes:
1. Executive Summary
2. Electronic Weighing Machines Market Characteristics
3. Electronic Weighing Machines Market Trends And Strategies
4. Electronic Weighing Machines Market – Macro Economic Scenario
5. COVID-19 Impact On Electronic Weighing Machines Market
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26. Africa Electronic Weighing Machines Market
27. Electronic Weighing Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Weighing Machines Market
29. Electronic Weighing Machines Market Future Outlook and Potential Analysis
30. Appendix
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