Overview and Scope
Industrial weighing equipment refers to a measuring device that is incorporated into the production process at a particular stage where it is meant to serve a specific function. It is used to calculate weight by calculating the force applied to the load cell.
Sizing and Forecast
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..
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Segmentation & Regional Insights
The industrial weighing equipment market covered in this report is segmented –
1) By Type: Electronic Industrial Weighing Equipments, Machinery Industrial Weighing Equipments, Electromechanical combined with Industrial Weighing Equipments, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Metal & Mining, Food & Beverages, Waste Recycling, Other Applications
North America was the largest region in the industrial weighing equipment market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial weighing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the industrial weighing equipment market report are A&D Weighing, Easiweigh Ltd., Bilwinco AS, CI Precision Ltd., Mettler-Toledo International Inc., Maguire Products Inc., Avery Weigh-Tronix LLC, Minebea Intec GmbH, Fairbanks Scales Inc., OHAUS Corporation, ATRAX Group NZ Ltd., Thompson Scale Company, D Brash & Sons Ltd., Autoweigh Services Pvt. Ltd., KERN & SOHN GmbH, Rice Lake Weighing Systems India Ltd., Flintec Group AB, Vishay Precision Group, Yamato Scale Co. Ltd., B-TEK Scales LLC, Cardinal Scale Manufacturing Company, Dini Argeo S.r.l., Doran Scales Inc., Emery Winslow Scale Company, Keli Electric Manufacturing (Ningbo) Co. Ltd., LCM Systems Ltd., Novatech Measurements Limited, Precia Molen India Pvt. Ltd., Radwag Balances and Scales, Sartorius AG
The industrial weighing equipment market report table of contents includes:
1. Executive Summary
2. Industrial Weighing Market Characteristics
3. Industrial Weighing Market Trends And Strategies
4. Industrial Weighing Market – Macro Economic Scenario
5. Global Industrial Weighing Market Size and Growth
……
31. Global Industrial Weighing Market Competitive Benchmarking
32. Global Industrial Weighing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Weighing Market
34. Industrial Weighing Market Future Outlook and Potential Analysis
35. Appendix
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