The electronic weighing machines market size is expected to see strong growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to e-commerce and retail innovation, sustainability and eco-friendly solutions, regulatory compliance, customization for specific industries, data analytics and reporting features. Major trends in the forecast period include integration with industry 4.0, advancements in sensor technology, technological advancements, connectivity and data logging, compact and portable solutions.
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Segmentation & Regional Insights
The electronic weighing machines market covered in this report is segmented –
1) By Type: Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Other Types
2) By Distribution Channel: Online, Offline
Asia-Pacific was the largest region in the electronic weighing machine market in 2023. The regions covered in the electronic weighing machines 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
Significant growth in the retail industry is expected to propel the growth of the electronic weighing machine market going forward. The retail industry is in the business of selling goods and services to customers. Electronic weighing machines are used to measure the weight of any product in the retail industry. For instance, in December 2023, according to the U.S. Census Bureau, a US-based government agency, retail trade sales increased by 0.1% compared to October 2023 and demonstrated a 3.1% rise from the figures recorded in 2022. Therefore, the significant rise in retail sales is driving the growth of the electronic weighing machine market.
Key Industry Players
Major companies operating in the electronic weighing machines market report are Kubota Corporation, Sartorius AG, Setra Systems Inc., Shimadzu Corporation, Mettler-Toledo International Inc., Avery Weigh-Tronix LLC., Fairbanks Scales Inc., Cardinal Scale Manufacturing Company, Flintec Group AB, Toledo Weighing Machines Pvt. Ltd., Precia Molen, Rice Lake Weighing Systems Inc., Essae-Teraoka Pvt. Ltd., Tanita Corporation, Contech Instruments Ltd., Minebea Intec, Rinstrum Pty Ltd, Dini Argeo S.r.l., A&D Company Limited, Bonso Electronics International Inc., Kern & Sohn GmbH, Adam Equipment Inc., Ohaus Corporation, Marsden Weighing Group, Brash & Sons Ltd., ATRAX Group NZ Ltd., Doran Scales Inc., Easiweigh Ltd., Truweigh LLC, Aczet Pvt. Ltd., Hottinger Baldwin Messtechnik GmbH
The electronic weighing machines market report table of contents includes:
1. Executive Summary
2. Electronic Weighing Machines Market Characteristics
3. Electronic Weighing Machines Market Trends And Strategies
4. Electronic Weighing Machines Market – Macro Economic Scenario
5. Global Electronic Weighing Machines Market Size and Growth
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32. Global Electronic Weighing Machines Market Competitive Benchmarking
33. Global Electronic Weighing Machines Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electronic Weighing Machines Market
35. Electronic Weighing Machines Market Future Outlook and Potential Analysis
36. Appendix
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