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 electronic weighing scale business is expected to increase, owing to rising industrial automation and rapid deployment of electronic weighing scales, mostly in retail and jewelry stores. The expensive cost of these scales, however, limits growth in the electronic weighing scale market as compared to traditional weighing scales.

Segmentation

The global electronic weighing scale market analysis 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.

Industrial, scientific / laboratory, veterinary, jewellery, food & drinks, health & fitness, industry, education / research, and others are the vertical end-use segments of the market. Due to its widespread use in the export and import of various materials, as well as the measurement of items such as corrosive liquids and gases that require high precision during the manufacturing process, the industrial segment is expected to dominate the electronic weighing scale market during the forecast period. The most common electronic scales used in industrial applications are platform scales, rugged industrial crane scales, and pallet truck scales.

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Regional Assessment

The global market for electronic weighing scales is expected to develop at a significant rate from 2018 to 2023, according to the study. The geographic analysis of the electronic weighing scale market is done for North America, Europe, Asia-Pacific, and the rest of the globe.

Due to the increased automation across multiple industry verticals that include the usage of automated electronic measuring equipment for testing and measuring, North America is predicted to dominate the electronic weighing scale market analysis from 2018 to 2023, followed by Europe. Furthermore, the region's need for an electronic weighing scale is fueled by a large concentration of market participants and the availability of skilled technological skills.

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.

One of the primary reasons driving the Latin America electronic weighing scale market is the requirement to replace old and obsolete measuring equipment with the most up-to-date and current electronic measuring equipment with improved product design and quick output. The introduction of electronic weighing scales for logistics and shipping operations in lift truck scales is a trend in the Latin American electronic weighing scale market.

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).

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