Global Electronic weighing scale Market
Global Electronic weighing scale market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.0% through 2020 to 2027, reaching US$ XX Mn.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
An electronic weighing scales are measuring instruments that used to measure the weight or mass of an object. These scales are used in wide-ranging industrial as well as commercial products and applications. The rising need for determining the accurate weight of an object is driving the growth of electronic weighing scales market globally. The global Electronic weighing scale market is driven by the growing industrial automation and rapid deployment of electronic weighing scales in the retail and jewelry outlets. Growing dependence on the electronic weighing scales in various application areas supermarkets, kitchens, hospitals, pharmacies, laboratories, are also projected to impelling the market growth in the forecast period. However, the high cost of these machines than the traditional weighing scales are restraining the market growth at the global level.
Based on the type, the table top scales segment has led the electronic weighing scale market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Table top scales are light in weight, easy to operate, cost-effective, rugged, and compact electronic weighing scales. These scales are mostly used in laboratories, pharmacies, cafes, kitchens, and retail applications.
Based on the end-use vertical, the industrial sector dominated the electronic weighing scales market and is estimated to generate the largest revenue of US$ XX Mn in 2019. owing to their wide use in export and import of different material and measuring of items such as corrosive liquids and gases that require high accuracy during the production process. The electronic weighing scales have become a fixture in daily use within the industrial environment. Rugged industrial crane scales, platform scales, and pallet truck scales are the most prominent electronic scales used for industrial applications.
Geographically, the Electronic weighing scale market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Thanks to the increasing automation across different industry verticals that demand the use of automated electronic measuring devices for testing and measurement. Also, the presence of a large number of market players in the region and accessibility of skillful technical expertise boost the demand for the electronic weighing scale in the region. However, the market in Asia Pacific is expected to grow at a high CAGR of XX% during the forecast period owing to the easy availability of low-cost raw material, which promotes the mass production of low-cost electronic scales. China, Japan, India, and Australia are the leading contributors to the regional market growth due to the wide adoption of electronic gem scales in the countries. The rising investments in research and development activities for the introduction of the advanced electronic weighing scale is predicted to accelerate the growth of this region in the near future.
A report covers the recent development in market for the global Electronic weighing scale market e.g., Adam Equipment, launched an NRCS approved PT platform scales. The platform scales are capable of offering a durable weighing solution for various applications in the industrial settings, like warehouses, shipyards, receiving and shipping docks, distribution centers, and recycling facilities.
The objective of the report is to present a comprehensive analysis of the Global Electronic weighing scale Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Electronic weighing scale Market dynamics, structure by analyzing the market segments and project the Global Electronic weighing scale Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Electronic weighing scale Market make the report investor’s guide.
Scope of the Global Electronic weighing scale Market:
Global Electronic weighing scale Market, by Type:
• Table top scale
• Platform scale
• Precision scale
• Pocket scale
• Others
Global Electronic weighing scale Market, by End-User Vertical:
• Industrial
• Veterinary
• Scientific/laboratory
• Jewelry
• Food & beverages
• Health & fitness
• Education/research
• Others
Global Electronic weighing scale Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Electronic weighing scale Market, Major Players:
• Contech Instruments Limited
• A&D Company Limited
• The Essae Group
• Tanita Corporation
• Adam Equipment Co. Ltd.
• Avery Weigh Tronix Ltd.
• Aczet Pvt. Ltd.
• Atrax Group NZ
• Arlyn Scales
• Cardinal Scale Manufacturing Company
• D Brash & Sons Ltd.
• Doran Scales, Inc.
• Fairbanks Scales
• KERN & SOHN GmbH
• Mettler-Toledo, LLC
• Rice Lake Weighing Systems
• Weightron Bilancia
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