Rockville, May 04, 2023 (GLOBE NEWSWIRE) -- Worldwide sales of electronic weighing machines are predicted to rise at a CAGR of 3.2% from 2023 to 2033. The global electronic weighing machines market is forecasted to reach a valuation of US$ 5.8 billion by the end of 2033, according to data provided by Fact.MR, a provider of market research and competitive intelligence.
Rising requirements to maintain precision in procedures and growing technological advancements in laboratory scales and balances in the commercial sector are expected to contribute to global market revenue growth. Durability, portability, accuracy, reliability, and other features are key factors contributing to the increased adoption of electronic weighing machines across industry verticals.
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8548
Electronic weighing machines come with different units of measure; therefore, it becomes easier to measure and convert them into other units, including ounces and grams. This factor is anticipated to make a shift in consumers’ preference from conventional to electronic/digital weighing machines, which is predicted to contribute to market growth opportunities over the coming years.
Key Takeaways from Market Study
- The global electronic weighing machines market is estimated at US$ 4.2 billion in 2023.
- Worldwide demand for electronic weighing machines is forecasted to increase at a CAGR of 3.2% during the forecast period (2023 to 2033).
- Sales of electronic weighing machines are projected to reach a market valuation of US$ 5.8 billion by the end of 2033.
- Demand for electronic weighing machines in North America is anticipated to expand at a CAGR of 3.3% through 2033.
Increasing popularity of electronic weighing machines is attributed to the rising demand to maintain process precision and product technological developments, says a Fact.MR analyst.
Product Innovation Leading to Increased Demand for Electronic Weight Machines
Several product innovations, including the launch of the IoT (Internet of Things) - integrated weighing scales are predicted to induce growth opportunities in the target industry. These advanced variants come with different measurement units and offer reliability, durability, ease of calibration, and enhanced portability, which are expected to drive lucrative opportunities for industry players.
Manufacturers of electronic weighing machines are launching more advanced waster-resistant electronic weighing machines with titanium platforms and backlit LCDs (liquid crystal display). Moreover, rapid urbanization and the growing adoption of tabletop variants, which come for veterinary applications are also contributing to market growth opportunities.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8548
Growing Retail Industry Creating Positive Market Outlook
Noteworthy growth in the retail sector around the world is serving as one of the noteworthy factors, which are creating a positive growth outlook. Weighing machines are used widely in different industries, including food & beverages, manufacturing, gems and jewelry, healthcare, education, and many others.
Rising Health Consciousness Bolstering Demand for Digital Weighing Machines
People around the world are becoming more conscious about their healthcare. There is a substantial increase in the cases of obesity as well as some other weight-related disorders across the globe. These increasing cases are predicted to stimulate demand for electronic weighing machines among health consciousness people, who are putting efforts to gain a healthy body. They can also opt for weight management beverages, weight management packaged food, etc. according to their requirements.
Competitive Landscape
Key suppliers of electronic weighing machines spend a significant amount on promotional activities along with strengthening their systems for supply chain management. Efficient supply channels ensure the safe and timely delivery of products to their respective users. Regulatory bodies from the target industry implemented guidelines to minimize environmental impacts and for product standards.
Key providers of electronic weighing machines are involved in numerous growth strategies, including product development, mergers, acquisitions, etc. to create new growth avenues.
For instance:
- Mettler-Toledo, in June 2020, introduced a new series to provide a more precise weighing facility, which is a washdown-resistant check weigher. Sloped surfaces to discourage liquid and debris collection, avoid bacterial contamination risks, etc. features are included in this new series, while conveyor belts can be removed for cleaning purposes.
- Mettler-Toledo, in February 2020, acquired D.C. Martin & Sons Scales Inc. The latter is a supplier of weighing machines and industrial scales. This acquisition strengthened the business and portfolio of Mettler.
Key Market Players
- Doran Scales, Inc.
- Shimadzu Corporation
- BONSO Electronics International Inc.
- A&D Company, Ltd.
- Sartorius Group
- Fairbanks Scales Inc.
- Avery Weigh-Tronix LLC
- Essae-Teraoka Pvt., Ltd.
- Kern & Sohn GmbH
- Metter-Toledo International Inc
Segmentation of Electronic Weighing Machines Industry Research
- By Type:
- Laboratory Scales
- Retail Scales
- Gem & Jewelry Scales
- Kitchen Scales
- Health Scales
- Others
- By Distribution Channel:
- Online
- Offline
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/8548
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the electronic weighing machines market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on type (laboratory scales, retail scales, gem & jewelry scales, kitchen scales, health scales, others) and distribution channel (online, offline), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Key Questions Covered in the Electronic Weighing Machines Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Electronic Weighing Machines sales grow until 2033?
- Which are the factors hampering the Electronic Weighing Machines demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Electronic Weighing Machines Market during the forecast period?
Check out more related studies published by Fact.MR Research:
Drip Coffee Machine Market Share: The Drip Coffee Machine Market share is likely to acquire a global market share of US$ 60 Mn by the end of 2030. Europe accounts for nearly 40% in the drip coffee machine market, and is expected to stay in the lead over the forecast period
Global Stringing Machines Market Growth: The increasing popularity of tennis and badminton among all ages across many countries will spur the demand for badminton and racket products among consumers that will increase the global stringing machines market growth.
Automated label Inspection Machines Market Revenue: Healthcare industry is likely to contribute exponentially towards the growth of automated label inspection machines market revenue with growing burden of several diseases that require immediate diagnosis and treatment.
Cash Register Machines Market Sales: The rising demand from the retail and hospitality industries is expected to boost the cash register machines market sales over the forecast period. Some of the cash register machines are user-friendly, they do not require an operator to assist.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Analyst: Mr. Yash Pathak
Email : yash@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
