Electronic Weighing Machines Market Set for 3.5% CAGR Surge, Reaching USD 5.4 Billion by 2032
Acumen Research and Consulting recently published report titled “Electronic Weighing Machines Market Forecast, 2023 – 2032”
TOKYO, June 28, 2023 (GLOBE NEWSWIRE) — The Global Electronic Weighing Machines Market Size accounted for USD 3.8 Billion in 2022 and is estimated to achieve a market size of USD 5.4 Billion by 2032 growing at a CAGR of 3.5% from 2023 to 2032.
Electronic Weighing Machines Market Highlights and Stats:
- In 2022, the global Electronic Weighing Machines market was valued at USD 3.8 Billion, and it is projected to expand to USD 5.4 Billion by 2032. The market is expected to experience a Compound Annual Growth Rate (CAGR) of 3.5% during this period.
- The major drivers of growth in the Electronic Weighing Machines market include increasing adoption in various industries such as manufacturing, logistics, and retail, as well as the need for accurate and efficient weight measurement solutions.
- Some of the key players in the Electronic Weighing Machines market include Mettler-Toledo International Inc., Sartorius AG, A&D Company Ltd., and Avery Weigh-Tronix LLC.
- Electronic Weighing Machines are used for various applications, including weighing goods, ingredients, and raw materials. They provide precise measurements, improve operational efficiency, and ensure compliance with weight regulations.
Electronic Weighing Machines Market Report Coverage:
|Electronic Weighing Machines Market
|Electronic Weighing Machines Market Size 2022
|USD 3.8 Billion
|Electronic Weighing Machines Market Forecast 2032
|USD 5.4 Billion
|Electronic Weighing Machines Market CAGR During 2023 – 2032
|Electronic Weighing Machines Market Analysis Period
|2020 – 2032
|Electronic Weighing Machines Market Base Year
|Electronic Weighing Machines Market Forecast Data
|2023 – 2032
|By Type, By Distribution Channel, And By Geography
|Electronic Weighing Machines Market Regional Scope
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|A&D Company, Ltd., Avery Weigh-Tronix, LLC, BONSO Electronics International Inc., Doran Scales, Inc., Essae-Teraoka Pvt. Ltd., Fairbanks Scales Inc., Kern & Sohn GmbH, Mettler-Toledo International, Inc., Sartorius Group, and Shimadzu Corporation.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Electronic Weighing Machines Market Analysis
The Electronic Weighing Machines market has witnessed significant growth in recent years. This growth can be attributed to the increasing adoption of weight measurement solutions across various industries, including manufacturing, logistics, and retail.
Electronic Weighing Machines are essential for accurate weight measurement in manufacturing processes, ensuring quality control and compliance with standards. In the logistics industry, these machines enable efficient handling and shipping of goods by accurately measuring their weight. Retailers rely on electronic weighing machines to ensure pricing accuracy and fair trade.
Advancements in technology have led to the development of highly accurate and user-friendly electronic weighing machines. These machines are equipped with features such as digital displays, connectivity options, and advanced weighing algorithms, making them more efficient and convenient to use.
Leading players in the Electronic Weighing Machines market include Mettler-Toledo International Inc., Sartorius AG, A&D Company Ltd., and Avery Weigh-Tronix LLC. With the increasing demand for accurate and efficient weight measurement solutions, the market is expected to continue growing, with further advancements in technology and expanded applications.
Electronic Weighing Machines Market Trends:
Integration with IoT and cloud-based platforms: Electronic weighing machines are increasingly being integrated with IoT and cloud-based platforms, enabling real-time data monitoring, analysis, and remote management of weighing processes.
Advanced connectivity options: Electronic weighing machines now offer wireless connectivity options such as Wi-Fi and Bluetooth, allowing seamless integration with other devices and systems for data sharing and automation.
Smart features and automation: The market is witnessing the adoption of electronic weighing machines with smart features like automatic weight calibration, self-diagnosis, and programmable settings, improving efficiency and reducing manual intervention.
Mobile and portable weighing solutions: There is a growing demand for mobile and portable electronic weighing machines that can be easily transported and used in various locations, catering to the needs of mobile businesses and field operations.
Growth Dynamics in the Electronic Weighing Machines Market:
The growth of the Electronic Weighing Machines market is primarily driven by the increasing demand for accurate and efficient weight measurement solutions across various industries.
Technological advancements in electronic weighing machines have led to improved accuracy, precision, and user-friendliness, making them indispensable in manufacturing, logistics, and retail sectors.
The market also benefits from the need for compliance with weight regulations and standards, ensuring fair trade and quality control. Electronic weighing machines provide reliable and traceable weight measurements, contributing to operational efficiency and customer satisfaction.
Furthermore, the growing focus on automation and digitalization in industries drives the adoption of electronic weighing machines. These machines can be seamlessly integrated with other systems, such as inventory management and enterprise resource planning (ERP) systems, improving overall operational efficiency and data accuracy.
The market’s growth is also supported by the increasing emphasis on sustainability and resource optimization in industries. Electronic weighing machines enable precise measurement of raw materials and ingredients, minimizing waste and optimizing resource utilization.
Additionally, emerging trends such as e-commerce and the expansion of the retail sector contribute to the demand for electronic weighing machines. Accurate weight measurement ensures pricing accuracy and reduces losses due to incorrect pricing or underfilled packages.
Electronic Weighing Machines Market: Reasons for Slowdown
The growth of the Electronic Weighing Machines market may face some challenges.
Firstly, limited adoption by small and medium-sized enterprises (SMEs) due to cost considerations and lack of awareness about the benefits of electronic weighing machines.
Secondly, the availability of counterfeit or low-quality electronic weighing machines in the market, leading to concerns about reliability and accuracy.
Thirdly, the high initial investment required for advanced electronic weighing machines with smart features and connectivity options may hinder their adoption, particularly in price-sensitive markets.
Moreover, the market’s growth may be affected by stringent regulations and standards related to weight measurement, as compliance can add complexity and cost to businesses.
Lastly, the emergence of alternative technologies or innovative solutions for weight measurement, such as non-contact sensors or artificial intelligence-based systems, could potentially disrupt the electronic weighing machines market.
Check the detailed table of contents of the report @
Segmentation of the Electronic Weighing Machines Market:
- Kitchen Scale
- Retail Scale
- Laboratory Scale
- Health Scale
- Gem & Jewelry Scale
By Distribution Channel
Electronic Weighing Machines Market Regional Analysis:
The North American region holds the largest market share in revenue terms, driven by the high adoption of electronic weighing machines in manufacturing, logistics, and retail industries. The presence of major players and the focus on technological advancements contribute to the region’s market dominance.
The Asia-Pacific region is experiencing the fastest growth in the electronic weighing machines market due to the rapid industrialization and expanding retail and e-commerce sectors. The region’s emerging economies and increasing investments in infrastructure and manufacturing facilities propel the demand for accurate weight measurement solutions.
Europe is a significant market for electronic weighing machines, with a focus on quality control and compliance in manufacturing and trade activities. The presence of stringent regulations related to weight measurement contributes to the market’s growth.
The MEA and South American regional markets have a smaller market share but are expected to grow steadily, driven by increasing industrialization and the need for accurate weight measurement in various sectors.
Buy this premium research report –
Key Players in the Electronic Weighing Machines Market:
Some of the prominent companies operating in the electronic weighing machines market include Mettler-Toledo International Inc., Sartorius AG, A&D Company Ltd., Avery Weigh-Tronix LLC, Shimadzu Corporation, MinebeaMitsumi Inc., Precia SA, Rice Lake Weighing Systems, Adam Equipment Co. Ltd., and OHAUS Corporation.
Browse More Research Topic on Semiconductor Industry Related Reports:
The Global Exoskeleton Market Size Accounted for USD 493 Million in 2021 and is predicted to be worth USD 13,949 Million by 2030, with a CAGR of 45.5% during the Forthcoming Period from 2022 to 2030.
The Global Optical Detector Market size accounted for USD 3,774 Million in 2021 and is projected to reach the value of USD 9,510 Million by 2030, with a significant CAGR of 11.3% from 2022 to 2030.
The Global Semiconductor Materials Market size was valued at USD 55,824 Million in 2021 and is expected to reach USD 82,421 Million by 2030 growing at a CAGR of 4.5% during the forecast timeframe from 2022 to 2030.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
For Latest Update Follow Us on Twitter , Instagram and LinkedIn
Mr. Richard Johnson
Acumen Research and Consulting
E-mail: [email protected]Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.