The Industrial Weighing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Weighing Equipment Global Market Report 2024, The industrial weighing equipment market size has grown strongly in recent years. It will grow from $2.18 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to energy efficiency, ergonomics and user-friendly design, efficiency and productivity enhancement, increased manufacturing sector, quality control and compliance..
The industrial weighing equipment market size is expected to see strong growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industry 4.0 adoption, rising automation in industries, stringent quality standards, e-commerce and logistics growth, sustainability focus, globalization and market expansion.. Major trends in the forecast period include safety and ergonomics, customization and adaptability, integration with data analytics, sustainability and efficiency..
Growing international trade is expected to propel the growth of the industrial weighing equipment market going forward. International trade refers to the transfer of capital, commodities, and services between various countries and across international borders. The rise in international trade gives rise to transport and logistics demand, and the rise in transport and logistics demand gives rise to the industrial weighing equipment market. For instance, in February 2022, according to the Global Trade Update report by The United Nations Conference on Trade and Development (UNCTAD), an intergovernmental organization intended to promote the interests of developing states in world trade, the value of global trade reached a record level of $28.5 trillion in 2021, an increase of 25% over 2020 and an increase of 13% over 2019 prior to the COVID-19 pandemic. Therefore, growing international trade is driving the growth of the industrial weighing equipment market.
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The industrial weighing equipment market covered in this report is segmented –
1) Industrial Weighing Equipment Market By Type: Electronic Industrial Weighing Equipments, Machinery Industrial Weighing Equipments, Electromechanical combined with Industrial Weighing Equipments, Other Types
2) Industrial Weighing Equipment Market By Distribution Channel: Online, Offline
3) Industrial Weighing Equipment Market By Application: Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Metal & Mining, Food & Beverages, Waste Recycling, Other Applications
Top Major Players
Mettler-Toledo International Inc.s Inc.
Introducing innovative features is a key trend gaining popularity in the industrial weighing equipment market. Major players operating in the industrial weighing equipment market are developing products with more and more innovative features for providing industrial weighing equipment services. For instance, in August 2023, Ishida Europe, a UK-based provider of weighing, quality control and packaging equipment launched two new weighers into their sector solutions range. The new tools are cost effective and high performance solutions that include new heavy duty components and hard wearing PU liners that allow the weighers to withstand high amount of impact and abrasive product flow while maintaining speed and accuracy. This new solution helps manufacturers to maximize the speed and efficiency of their packing operations.
The industrial weighing equipment market report table of contents includes:
1. Executive Summary
2. Industrial Weighing Equipment Market Characteristics
3. Industrial Weighing Equipment Market Trends And Strategies
4. Industrial Weighing Equipment Market – Macro Economic Scenario
5. Global Industrial Weighing Equipment Market Size and Growth
……..
31. Global Industrial Weighing Equipment Market Competitive Benchmarking
32. Global Industrial Weighing Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Weighing Equipment Market
34. Industrial Weighing Equipment Market Future Outlook and Potential Analysis
35. Appendix
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