The global electronic weighing machines market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.18% during 2024-2032.
Market Size in 2023
|US$ 4.0 Billion
Market Forecast in 2032
|US$ 5.4 Billion
|Market Growth Rate 2024-2032
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic weighing machines market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and distribution channel.
Breakup by Type:
- Laboratory Scale
- Gem and Jewelry Scale
- Retail Scale
- Health Scale
- Kitchen Scale
Breakup by Distribution Channel:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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.
|Base Year of the Analysis
||Type, Distribution Channel, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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Key Questions Answered in This Report:
- How has the global electronic weighing machines market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global electronic weighing machines market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global electronic weighing machines market and who are the key players?
- What is the degree of competition in the industry?