Electronic Weighing Scale Market - Industry Analysis, Size, Share, Growth,COVID-19 Impact Analysis, Trends and Forecast - 2023
Market synopsis
The global electronic
weighing scale market
is slated to rise from USD 3.35 billion in 2017 to USD 4.57 Billion by 2023, at
a CAGR of 5.54%, over the review period.
Market Highlights
The increasing industrial automation and
rapid deployment of electronic weighing scales are likely to drive growth in
the electronic weighing scale industry , mainly in retail and jewellery
outlets. However, compared to traditional weighing scales, the high cost of
these scales restrains growth in the electronic weighing scale market.
Get Free Sample Report : https://www.marketresearchfuture.com/reports/electronic-weighing-scale-market-7604
Segmentation
The
global electronic weighing scale market has been analyzed based on end-use
vertical, type, and region.
Based on the type, the market has been
segmented into table top scale, precision scale, platform scale, pocket scale,
and others. During the forecast period, table-top scales are expected to
dominate the market, as they are light in weight , easy to use and cost
effective.
The market has been segmented into
industrial, scientific / laboratory, veterinary, jewellery, food & beverages,
health & fitness, industry, education / research, and others by vertical
end-use. The industrial segment is slated to dominate the electronic weighing
scale market during the forecast period due to its wide use in the export and
import of various materials and the measurement of items such as corrosive
liquids and gases which require high precision during the production process.
platform scales, Rugged industrial crane scales, and pallet truck scales are
the major electronic scales used for industrial applications.
Access
Report Details @ https://www.marketresearchfuture.com/reports/electronic-weighing-scale-market-7604
Regional Assessment
During the forecast period from 2018 to
2023 the global market for electronic weighing scale is estimated to grow at a
significant rate. The electronic weighing scale market geographic analysis is
done for North America, Europe , Asia-Pacific and the rest of the world.
From 2018 to 2023,
North America followed by Europe is expected to dominate the electronic
weighing scale market due to the growing automation across various industry
verticals that involve the use of automated electronic measuring devices for
testing and measuring. In addition , high concentration of market players in
the region and the availability of competent technical expertise propel the
region 's demand for an electronic weighing scale.
Due to the easy
availability of low-cost raw material which promotes mass production of
low-cost electronic scales, Asia-Pacific is expected to record the fastest
growth. The main countries identified for high growth in the Asia-Pacific
region are China, Japan , Australia and India, which are witnessing widespread
adoption of electronic gems.
The Middle East & Africa region is
characterized by new developments in automated weighing solutions such as
automated precision weighing, incorporating a technology that operates in a
fraction of a second within the milligram range. This technology is further
integrated with sensors and several communication modules to make weighing
faster, more effective and more reliable. Those innovations are driving the
region's electronic weighing scale market. A new development in the Middle East
& Africa market is the adoption of digital weighing scales with advanced
connectivity features.
The need for replacement of old and
obsolete measuring equipment with the latest and modern electronic measuring
equipment with enhanced product design and speedy output is one of the key
factors driving the Latin America electronic weighing scale market. A trend
seen in the electronic weighing scale market in Latin America is the adoption
of electronic weighing scales for the logistics and shipping operations in lift
truck scales.
Key Players
The key players profiled in the
electronic weighing scale market research report are Shinko Denshi Co., Ltd
(Japan), A&D Company, Limited (US), Tanita Corporation (Japan), Fairbanks
Scales (US), Adam Equipment (UK), Essae-Teraoka Pvt. Ltd (India), Mettler Toredo
(US), KERN & SOHN GmbH (Germany), Contech Instruments Ltd (India), Cardinal
Scale Manufacturing Company (US).
About Market Research
Future:
Market Research Future (MRFR) is
an esteemed company with a reputation of serving clients across domains of
information technology (IT), healthcare, and chemicals. Our analysts undertake
painstaking primary and secondary research to provide a seamless report with a
360 degree perspective. Data is compared against reputed organizations,
trustworthy databases, and international surveys for producing impeccable
reports backed with graphical and statistical information.
We at MRFR provide syndicated and
customized reports to clients as per their liking. Our consulting services are
aimed at eliminating business risks and driving the bottomline margins of our
clients. The hands-on experience of analysts and capability of performing
astute research through interviews, surveys, and polls are a statement of our
prowess. We constantly monitor the market for any fluctuations and update our
reports on a regular basis.
Comments
Post a Comment