IMARC Group, a leading market research company, has recently releases report titled “Electronic Weighing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global electronic weighing machines market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the electronic weighing machines market?
The global electronic weighing machines market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
What is electronic weighing machines?
Electronic weighing machines refer to devices used for measuring the weight or mass of an object. Common types of appliances include gem and jewelry scale, retail scale, laboratory scale, and health scale. Electronic weighing machines consist of a load cell transducer, signal conditioner, microchip, liquid crystal display (LCD), and a software program that provides feedback regarding the weight. The transducer measures the weight and alters it into electrical signals, which are further processed and shown on the LCD screen in a decipherable format. Electronic weighing machines are more durable, compact, and accurate than analog or spring variants.
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What are the growth prospects and trends in the electronic weighing machines industry?
The escalating product need across various industries, such as manufacturing, food and beverage (F&B), education, medical, gems, and jewelry, is among the primary factors driving the electronic weighing machines market. Besides this, the rising health consciousness among the masses and the increasing prevalence of obesity and other weight-related disorders are further augmenting the market growth. Moreover, the launch of the internet of things (IoT)-integrated weighing scales that have multiple units of measurement and offer enhanced portability, ease of calibration, durability, and reliability is also catalyzing the global market. Apart from this, the introduction of water-resistant variants by the leading manufacturers with backlit LCD and titanium platforms is acting as another significant growth-inducing factor. Additionally, the expanding retail industry across the globe is also stimulating the market growth. Furthermore, the elevating industrialization levels and the extensive utilization of tabletop products for veterinary applications are expected to bolster the electronic weighing machines market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Laboratory Scale
- Gem and Jewelry Scale
- Retail Scale
- Health Scale
- Kitchen Scale
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- A&D Company Limited
- Avery Weigh-Tronix LLC. (Illinois Tool Works Inc.)
- BONSO Electronics International Inc.
- Doran Scales Inc.
- Essae-Teraoka Pvt. Ltd.
- Fairbanks Scales Inc.
- Kern & Sohn GmbH
- Mettler-Toledo International Inc.
- Sartorius AG
- Shimadzu Corporation
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