The global electronic weighing machines market grew at a CAGR of around 4% during 2015-2020. An electronic weighing machine is a device used for measuring the weight or mass of the object. Some of the most common types of such machines include laboratory scale, gem and jewelry scale, retail scale and health scale electronic weighing machines. They include a microchip, load cell transducer, signal conditioner, liquid crystal display (LCD) and a software program that provides feedback regarding the weight. The transducer measures the weight and converts it into electrical signals, which are further processed and displayed on the LCD screen in a decipherable format. In comparison to the analog or spring variants, electronic weighing machines are more compact, durable and accurate.
Significant growth in the retail industry across the globe is one of the key factors creating a positive outlook for the market. The weighing machines are widely used across various industries, such as manufacturing, food and beverage, education, medical and gems and jewelry. Furthermore, rising health consciousness among the masses and the increasing prevalence of obesity and other weight-related disorders are catalyzing the market growth. Additionally, various product innovations, such as the launch of the Internet of Things (IoT)-integrated weighing scales, are acting as other growth-inducing factors. These advanced variants have multiple units of measurements and they offer enhanced portability, ease of calibration, durability and reliability. Product manufacturers are also launching water-resistant electronic weighing machines with backlit LCD and titanium platforms, which is also contributing to the market growth. Other factors, including rapid industrialization, along with the increasing adoption of tabletop variants for veterinary applications, are anticipated to drive the market further. Looking forward, IMARC Group expects the global electronic weighing machines market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic weighing machines market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Shimadzu Corporation.
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