The Business Research Company’s report on the Industrial Weighing Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the industrial weighing equipment market further?
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. In July 2024, the United Nations Conference on Trade and Development (UNCTAD), an intergovernmental organization focused on promoting the interests of developing nations in global trade, reported that trade in goods is expected to increase by approximately $250 billion, while services trade is projected to grow by $100 billion in the first half of 2024 compared to the second half of 2023. This anticipated growth reflects a recovery trend in global trade dynamics, showcasing resilience amid ongoing economic challenges. Therefore, growing international trade is driving the growth of the industrial weighing equipment market.
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What are the key factors influencing the forecasted market size of the industrial weighing equipment industry?
The industrial weighing equipment market size has grown strongly in recent years. It will grow from $2.3 billion in 2024 to $2.43 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. 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 $3.12 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. 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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Who are the leading competitors in the industrial weighing equipment market?
Major companies operating in the industrial weighing equipment market 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
Which emerging trends are set to transform the industrial weighing equipment market landscape?
Introducing innovative features is a key trend gaining popularity in the industrial weighing equipment market. Major players operating in the industrial weighing equipment market are developing products with more and more innovative features for providing industrial weighing equipment services. For instance, in August 2023, Ishida Europe, a UK-based provider of weighing, quality control and packaging equipment launched two new weighers into their sector solutions range. The new tools are cost effective and high-performance solutions that include new heavy duty components and hard wearing PU liners that allow the weighers to withstand high amount of impact and abrasive product flow while maintaining speed and accuracy. This new solution helps manufacturers to maximize the speed and efficiency of their packing operations.
How do different geographies compare in terms of market share and growth potential in the industrial weighing equipment market?
North America was the largest region in the industrial weighing equipment market share in 2024. 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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Which major segments of the industrial weighing equipment market are experiencing the fastest growth?
The industrial weighing equipment market covered in this report is segmented –
1) By Type: Electronic Industrial Weighing Equipment, Machinery Industrial Weighing Equipment, Electromechanical combined With Industrial Weighing Equipment, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Industrial Manufacturing, Transportation And Logistics, Chemical Processing, Metal And Mining, Food And Beverages, Waste Recycling, Other Applications
Subsegments:
1) By Electronic Industrial Weighing Equipment: Digital Scales, Load Cells, Bench Scales, Floor Scales
2) By Machinery Industrial Weighing Equipment: Weighing Hoppers, Weighbridges, Conveyor Belt Scales
3) By Electromechanical Combined With Industrial Weighing Equipment: Mechanical Scales, Hybrid Weighing Systems
4) By Other Types: Portable Weighing Equipment, Static Weighing Equipment, Automated Weighing Systems.
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How is the industrial weighing equipment market defined, and what are its core characteristics?
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.
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