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Electronic Weighing Scales Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71501
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The electronic weighing scales market share is expected to increase by USD 734.33 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.80%.

This electronic weighing scales market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (retail scale, laboratory scale, health scale, gem and jewelry scale, and others) and geography (APAC, North America, Europe, South America, and MEA). The electronic weighing scales market report also offers information on several market vendors, including A and D Co. Ltd., Aczet Pvt. Ltd., Adam Equipment Inc., Contech Instruments Ltd., Essae Teraoka Pvt. Ltd., Fairbanks Scales Inc., KERN and SOHN GmbH, Mettler Toledo International Inc., Rice Lake Weighing Systems India Ltd., and Tanita among others.

What will the Electronic Weighing Scales Market Size be During the Forecast Period?

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Electronic Weighing Scales Market: Key Drivers and Challenges

The increasing demand for automated and digital weighing scales is notably driving the electronic weighing machines market growth, although factors such as designing and installation of weighing machines in hazardous areas may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electronic weighing scales industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electronic Weighing Scales Market Driver

The increasing demand for automated and digital weighing scales will fuel the growth of the electronic weighing scales market size during the forecast period. As traditional weighing machines cannot measure with such accuracy up to decimals, there is high demand for replacing old weighing machines with advanced, new products. With the evolution of digital weighing machines, even the weights can be accurate up to decimal points, and the automation process is made easy. Automated weighing machines can be used in small-or large-scale industries irrespective of the operation size. The use of such automated systems generates high profits by increasing productivity, reducing product loss, accurately measuring ingredients, and optimizing product quantities. All these advantages attract manufacturers to switch to automated weighing systems. 

Key Electronic Weighing Scales Market Challenge

The designing and installation of weighing machines in hazardous areas may impede the electronic weighing scales market growth during the forecast period. The design of the weighing machines for hazardous environments is highly complex. The weighing machine, as a whole, should be adaptable to the hazardous environment. To design and manufacture weighing machines for these requirements is a major challenge for the manufacturers. Also, there may be potential errors while fixing these machines in outdoor environments due to various reasons, such as alignment issues, uneven surfaces, or extreme weather, which hinder the installation. In addition to all these challenges, the governments of various countries have different regulations related to hazardous weighing machines. The installation of these machines in hazardous environments while complying with government standards is another challenge in the manufacturing and installation of electronic weighing scales. 

This electronic weighing scales market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Electronic Weighing Scales Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A and D Co. Ltd.
  • Aczet Pvt. Ltd.
  • Adam Equipment Inc.
  • Contech Instruments Ltd.
  • Essae Teraoka Pvt. Ltd.
  • Fairbanks Scales Inc.
  • KERN and SOHN GmbH
  • Mettler Toledo International Inc.
  • Rice Lake Weighing Systems India Ltd.
  • Tanita

 

This statistical study of the electronic weighing scales market encompasses successful business strategies deployed by the key vendors. The electronic weighing machines market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electronic weighing scales market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electronic Weighing Scales Market?

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40% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for electronic weighing scales in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth of the manufacturing, transportation and logistics, food and beverage, chemical, and mining industries will facilitate the electronic weighing scales market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Electronic Weighing Scales Market?

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The electronic weighing scales market share growth by the retail scale segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the electronic weighing machines market size and actionable market insights on post COVID-19 impact on each segment.

 

Electronic Weighing Scales Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.80%

Market growth 2022-2026

$ 734.33 million

Market structure

Fragmented

YoY growth (%)

3.16

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, India, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A and D Co. Ltd., Aczet Pvt. Ltd., Adam Equipment Inc., Contech Instruments Ltd., Essae Teraoka Pvt. Ltd., Fairbanks Scales Inc., KERN and SOHN GmbH, Mettler Toledo International Inc., Rice Lake Weighing Systems India Ltd., and Tanita

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Electronic Weighing Scales Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electronic weighing scales market growth during the next five years
  • Precise estimation of the electronic weighing scales market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electronic weighing machines industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electronic weighing machines market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Retail scale - Market size and forecast 2021-2026
    • Laboratory scale - Market size and forecast 2021-2026
    • Health scale - Market size and forecast 2021-2026
    • Gem and jewelry scale - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • A and D Co. Ltd.
      • Aczet Pvt. Ltd.
      • Adam Equipment Inc.
      • Contech Instruments Ltd.
      • Essae Teraoka Pvt. Ltd.
      • Fairbanks Scales Inc.
      • KERN and SOHN GmbH
      • Mettler Toledo International Inc.
      • Rice Lake Weighing Systems India Ltd.
      • Tanita

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The electronic weighing scales market growth will increase by $734.33 million during 2021-2026.
      The electronic weighing scales market is expected to grow at a CAGR of 3.80% during 2021-2026.
      Technavio has segmented the electronic weighing scales market by type (Retail scale, Laboratory scale, Health scale, Gem and jewelry scale, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
      A and D Co. Ltd., Aczet Pvt. Ltd., Adam Equipment Inc., Contech Instruments Ltd., Essae Teraoka Pvt. Ltd., Fairbanks Scales Inc., KERN and SOHN GmbH, Mettler Toledo International Inc., Rice Lake Weighing Systems India Ltd., Tanita are a few of the key vendors in the electronic weighing scales market.
      APAC will register the highest growth rate of 39.81% among the other regions. Therefore, the electronic weighing scales market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the electronic weighing scales market growth are:
      • Increasing demand for automated and digital weighing scales
      The electronic weighing scales market vendors should focus on grabbing business opportunities from the retail scale segment as it accounted for the largest market share in the base year.
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