Global Electronic Weighing Machines Market Size To Grow At A CAGR Of 3.20% In The Forecast Period Of 2023-2028
The ‘Global Electronic Weighing Machines Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global electronic weighing machines market, assessing the market on the basis of its segments like type, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 3.8 billion
- Forecast CAGR (2023-2028): 20%
- Forecast Market Size (2028): USD 4.6 billion
The increasing importance of high precision measurements across various commercial and industrial sectors is a key factor driving the growth of the electronic weighing machines market. Research and development and manufacturing processes in food processing, chemicals, and pharmaceuticals, accurate measurements are vital, due to which electronic weighing machines are commonly used. Laboratories are a significant end user of electronic weighing machines, where they aid in quality control, experimentation, product development, and various calculations. Meanwhile, in the retail sector electronic weighing machines are used for measurement of products for sale, ranging from groceries and meats to jewellery, to facilitate accurate pricing.
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Offline distribution channels account for a sizable share of the electronic weighing machines market, including supermarkets and hypermarkets, specialty stores, and distributors. Through offline sales channels, customers can check the functionality and quality of electronic weighing machines and also gain familiarity with its usage. For commercial and industrial users, purchasing offline through distributors aids in bulk volume purchasing while maintaining consistent quality. Electronic weighing machines for targeted applications can also be purchased through distributors or specialty stores. Furthermore, offline distribution channels often provide warranties or guarantees for electronic weighing machines and have extensive aftercare policies available for any performance issues after purchase.
Electronic Weighing Machines Industry Definition And Major Segments
Electronic weighing machines are electronic devices used to measure mass or weight, where transducers are mounted on load cells that comprise of strain gauges. Placing objects or substances on top of electronic weighing machines generates and automatic measurement of the weight of the object or substance with high levels of accuracy and speed.
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Based on type, the market is divided into:
- Laboratory Scale
- Gem and Jewellery Scale
- Retail Scale
- Health Scale
- Kitchen Scale
On the basis of distribution channel, the market is bifurcated into:
By region, the market is categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Electronic Weighing Machines Market Trends
Improvements in technology, including sensor sensitivity, accuracy, compact sizes, and added features, are among the key trends influencing the electronic weighing machines market. Incorporation of advanced sensors and load cells enables greater accuracy in measurement, which is further increasing the reliability and applications of electronic weighing machines. Reduction in size and integration with wireless connectivity facilitates greater portability and also saves space in large systems while maintaining efficiency.
Increasing usage of kitchen scales is another growing trend in the electronic weighing machines market which is surging the demand for these scales among food service providers and home chefs. Rising importance of measured cooking and portion control is leading to more cooks and chefs utilising kitchen scales to accurately measure different ingredients used in cooking.
Regionally, Asia Pacific occupies a sizable share of the global electronic weighing machines market, supported by rapid industrialisation and increasing number of laboratories and retail stores in the region. Presence of various key players in countries such as Japan is streamlining the supply chain for electronic weighing machines while low production costs aid in market expansion. Increasing investments towards research and development and manufacturing in countries such as China and Japan are anticipated to provide impetus to the market for electronic weighing machines in the coming years.
Key Market Players
The major players in the global electronic weighing machines market report are A&D Company, Ltd., Doran Scales, Inc, OMRON Corporation, Sartorius AG, Avery Weigh-Tronix, LLC, Shimadzu Corporation, KERN & SOHN GmbH, and Essae -Teraoka Private Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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