What is the global market size of Electronic Weighing Machines Market?

Global Electronic Weighing Machines Market size was valued at USD 3.43 billion in 2021 and is poised to grow from USD 3.66 billion in 2022 to USD 6.62 billion by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

Electronic Weighing Machines Market Size, Share, Growth Analysis, By Distribution Channels(Online, Offline), By Type(Laboratory Scale, Gem, Jewelry Scale, Retail Scale), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2846 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 66 | Figures: 75

Electronic Weighing Machines Market Regional Insights

Asia Pacific with a market share of 35.7% dominated the global electronic weighing machines market. The strong regional player presence is a key driver of market expansion. The demand for electronic weighing equipment in the region is being driven by a large concentration of retail stores and laboratories and rising consumer health consciousness. The two largest investors and contributors to the expansion of the regional market are China and India. Higher penetration and the strong dominance of regional companies in the region are mostly due to the low cost of the product in the area as a result of the existence of regional businesses.

From 2022 to 2028, North America is projected to grow at a CAGR of 3.2%. The demand for electronic weighing devices is rising as automation spreads throughout the area. Due to its sizable pharmaceutical industry, robust retail sector, and increasing household demand for health monitoring, the U.S. dominates the region. The market in the area is being significantly fueled by the aforementioned aspect.

Electronic Weighing Machines Market Report Snapshots

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Electronic Weighing Machines Market size was valued at USD 3.43 billion in 2019 and is poised to grow from USD 3.66 billion in 2023 to USD 6.62 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

In order to give the best-in-class electronic weighing scale equipment for boosting the arena, several well-known market players are operating together in the electronic weighing scale market. However, there are a lot of international start-ups in the market for electronic weighing scales that are advancing in order to meet the needs of the Electronic Weighing Scale domain. 'A&D Company Limited', 'Fairbanks Scales Inc.', 'Adam Equipment', 'Mettler-Toledo International Inc.', 'Avery Weigh-Tronix LLC', 'Essae-Teraoka Pvt. Ltd.', 'Shinko Denshi Co., Ltd.', 'Ishida Co., Ltd.', 'Bizerba SE & Co. KG', 'Dibal S.A.', 'Rice Lake Weighing Systems', 'Kern & Sohn GmbH', 'Yamato Scale Co., Ltd.', 'PCE Instruments', 'Precia SA', 'RADWAG Balances and Scales', 'Cardinal Scale Manufacturing Company', 'Flintec Group AB', 'CAS Corporation', 'Ohaus Corporation'

Reliability, accuracy, durability, portability, and ease of calibration all contribute to the growth of the electronic weighing scale market. The acceptance and penetration of electric weighing machines are expanding as a result of these features.

The adoption of automated electronic measuring equipment for material testing and measurement in businesses is a result of increasing automation across several industry verticals. The electronic weighing scale market in the region is expanding in terms of revenue thanks to this cause. For better industry uses including shipping and recycling, significant progress in weighing machine technology.

Asia Pacific with a market share of 35.7% dominated the electronic weighing machines market. The strong regional player presence is a key driver of market expansion. The demand for electronic weighing equipment in the region is being driven by a large concentration of retail stores and laboratories and rising consumer health consciousness. The two largest investors and contributors to the expansion of the regional market are China and India. Higher penetration and the strong dominance of regional companies in the region are mostly due to the low cost of the product in the area as a result of the existence of regional businesses.

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Electronic Weighing Machines Market Size, Share, Growth Analysis, By Distribution Channels(Online, Offline), By Type(Laboratory Scale, Gem, Jewelry Scale, Retail Scale), By Region - Industry Forecast 2024-2031

Electronic Weighing Machines Market Regional Insights

Electronic Weighing Machines Market Report Snapshots

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