Electronic Weighing Scale Market Research Report – Global Forecast till 2027

Electronic Weighing Scale Market Research Report, by Type (Table Top Scale, Platform Scale, Precision Scale, Pocket Scale), by End-Use Vertical (Industrial, Veterinary, Scientific/Laboratory, Jewelry, Food & Beverages, Health & Fitness, Industrial, Education) - Forecast till 2027

ID: MRFR/SEM/6135-HCR | February 2021 | Region: Global | 100 pages

Electronic Weighing Scale Market Overview


The Electronic weighing scale market share valuation is expected to grow from USD 3.35 Billion in 2017 to USD 4.57 Billion in 2023, with a compound annual growth rate of 5.54% during the period of assessment.

An electronic weighing scale is a machine or device which is used to measure the weight of any kind of object ranging from a feather to a loaded truck. This device measures the weight and after converting presents it in electronic form. These measurements, which are present in the electric form are displayed on the LCD screen after being processed properly. The application of electronic weighing machines can be found in various sectors such as retail, jewelry, laboratory, health care, and other industrial applications. The advantages attached to these electronic weighing scales are that there are compact, can measure multiple loads, accuracy, and online processing delivery. These weighing scales are much better and continent than iron weights or spring balances. These weighing scales come with different measurement units such as grams, kilograms, pounds, ounces, etc. 

COVID-19 ANALYSIS of Electronic Weighing Scale Market

The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. Also, many industries and shops are being shut down due to this pandemic and which has led to a decline in the demand for weighing scales. Also, the sales of this market have reduced to a great extent as there is no use of these machines during the lockdown. These weighing machines are also used in fitness centers that are closed due to deadly coronavirus another factor that had impacted electronic weighing scale market. But there is a ray of hope that as soon as these restrictions are lifted the market will make a powerful comeback with enhanced profits than before.

Electronic Weighing Scale Market Dynamics

Drivers

Firstly the rising industrial automation is one of the major factors which is responsible for the growth of electronic weighing scale market. Secondly, the increasing use of these electronic weighing scales in retail and jewelry outlets is another factor that is propelling the growth of this market. Also with the increasing economic activities and rising need for retaining precision in the different weighing processes is another element that will boost the growth of electronic weighing scale market during the forecast period. There are many benefits offered while using electronic weighing machines such as precision, reliability, portability, and durability due to which the sales of this market will be enhanced which in turn will boost the growth of this industry. Lastly, there are many technological advancements which are taking place in this sector and the consumer can buys such machines after comparing features and prices, according to his/her requirement. And this is another crucial factor that will be responsible for the growth of electronic weighing scale market.

Restraints


These electronic weighing machines have a lot of advantages in comparison to traditional weight machines such as TOLAS, or spring balances and due to it, these scales are very expensive that is one of the major factors that may hamper the growth of electronic weighing scale market. Also, these machines work only when connected to a power source otherwise these machines don’t have any backup power source such as batteries and cells. So this is another factor that will restrict the growth of electronic weighing scale market to a large extent. To ensure the proper working of these weighing scales they are required to be maintained and serviced at regular intervals of times and the cost associated with this servicing is too high which is one more factor that will hinder the growth of electronic weighing scale market. 


Technology Analysis


Many new inventions are taking place in this sector. The prime players of this market are coming up with new machines that can convert the reading present on the LCD screen into any measurement unit of the users’ choice. Secondly, the weighing scales used for industrial purposes are required to be connected to an electricity source all the time so, a lot of manufacturers are attempting to come up with machines that have in-built batteries and can work during office hours properly if once charged like mobile phones. Also, there is scope for making those big weight scales into light and compatible ones. 


Study Objectives 



  • To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and electronic weighing scale market growth rate by the end of the global forecast in 2028.

  • To highlight a competitive market outlook and examine the yield models of key market players, worldwide. 

  • To observe the various market dynamics like trends, drivers, and restraints that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international market.


Electronic Weighing Scale Market


Electronic Weighing Scale Market


Source: MRFR Analysis


Electronic Weighing Scale Market Segment Overview


Electronic weighing scale market share is anticipated to witness significant growth owing to the performance of different electronic weighing scale market segments. Among these, the tabletop scales segment will be the fastest-growing and also contribute towards this market growth more than any other segment. The reason attribute to this is that they are lightweight, cost-effective, and easy to operate. For an amplifying use the electronic weighing scale market has been segmented into the following on different bases:



  • Based on the scale, it has tabletop scale, platform scale, precision scale, pocket scale, and others

  • Based on end-use vertical, it has industrial, veterinary, scientific/laboratory, jewelry, food & beverages, health & fitness, industrial, education/research, and others


Electronic Weighing Scale Market Regional Analysis


The Electronic weighing scale industry movement is remarkably working in 6 major regions of the world that is North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Among all these regions, the North American region will dominate this market, and the reason attributed to it is the rising demand for the use of automated electronic measuring devices for testing and measurement purposes across various industries. In addition to its availability of proficient technical experts will boost the growth of electronic weighing scale market in this region. Europe will also witness significant growth during the assessment period as most of the prime players of this market are present in this region. Asia Pacific region will also experience tremendous growth as the raw material is easily available at a very low cost that will promote the mass production of low-cost electronic scales. This region’s growth will be led by its developing economies such as India, China, and Japan.


Electronic Weighing Scale Market Competitive Landscape


To get a detailed and profound idea about the Electronic weighing scale market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of electronic weighing scale market include:



  • A&D Company, Limited (US)

  • Fairbanks Scales Inc. (US)

  • Adam Equipment (UK)

  • Essae-Teraoka Pvt. Ltd. (India)

  • Kern & Sohn Gmbh (Germany)

  • Mettler Toredo International, Inc. (US)

  • Contech Instruments Ltd (India)

  • Shinko Denshi Co., Ltd (Japan)

  • Cardinal Scale Manufacturing Company (US)

  • Doran Scales, Inc. (US)

  • AVERY WEIGH TRONIX LLC (US)

  • Sartorius Group (Germany)

  • Shimadzu Corporation (Japan) 

  • Bonso Electronics International Inc. (Hong Kong)

  • Tanita Corporation (Tokyo)


RECENT DEVELOPMENTS


In June 2020, a new series of wash-down resistant weight checkers was launched by METTLER TOLEDO for accurate weight applications. These new series of weighing scales have sloped surfaces that will not allow the liquid and debris to collect over its surface. This feature will remove the risk of bacterial contamination and the conveyor belts, for proper cleaning, can be removed very easily and quickly. This machine has only four feet which makes the wash-down process easy.


In February 2020, the supplier of industrial weighing and scales systems, named D.C. martin & sons scales Inc. Was acquired by METTLER TOLEDO. This acquisition was made to strengthen the business and expand the portfolio of METTLER TOLEDO.


In the year 2019, a new roller conveyor scale was launched by Fairbanks scales in October. This machine can capture the weights of the products statically as they move down a conveyor scale. Again in December, a new series named WF forklift scale was launched by Fairbanks scales with a unique design to cope up with the needs of the mobile weighing market. In minutes this scale can convert forklifts into precision scale.


In September 2018, the talon low profile truck scale was launched by Fairbanks scales. Talon is the best choice for sites where there is no scope for clearance and foundation modification. These scales are available in 60, 70, 80-foot sizes with 12, 13, 14 inches height respectively. 


In January 2017, BC scales were launched by METTLER TOLEDO, these scales have better reliability, value-added applications, and flexible communication specifically for post offices, retail counters, warehouse shipping docks, and packing stations, and corporate mailrooms.


INTENDED AUDIENCE



  • Weighing scales manufacturer

  • Potential Investors/Traders

  • Distributors

  • Wholesalers

  • Retailers

  • Importers

  • Association

  • Government bodies

  • Market research and consulting firms  


 


REPORT OVERVIEW


The Electronic weighing scale market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The electronic weighing scale market report discusses the impact of covid-19 on the key players of this market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in electronic weighing scale market.


 



Report Scope:
Report Attribute/Metric Details
  Market Size   2023: USD 4.57 Billion
  CAGR   2017-2023: 5.54%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End-Use Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Tanita Corporation (Japan), A&D Company, Limited (US), Fairbanks Scales (US), Adam Equipment (UK), Essae-Teraoka Pvt. Ltd. (India), KERN & SOHN GmbH (Germany), Mettler Toredo (US), Contech Instruments Ltd (India), Shinko Denshi Co., Ltd (Japan), Cardinal Scale Manufacturing Company (US), Doran Scales, Inc. (US), and Avery Weigh Tronix LLC (US)
  Key Market Opportunities   High concentration of market players and the availability of competent technical expertise.
  Key Market Drivers

  • Growing industrial automation
  • Rapid deployment of electronic weighing scales in the retail and jewelry outlets.


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    Frequently Asked Questions (FAQ) :


    At 5.54%, the worldwide market of electronic weighing scale can value at USD 4.57 Bn by 2023.

    A&D Company, Limited (US), Adam Equipment (UK), Fairbanks Scales (US), and Essae-Teraoka Pvt. Ltd (India) are some reputed named in the electronic weighing scale market.

    top scale, precision scale, platform scale, and pocket scale are some types of electronic weighing scale.

    The compactness of electronic weighing scale can promote its sales, thus can surge its market.

    The ongoing trend of automation can boost the electronic weighing scale market expansion in North America.