About Electronic Weighing Scales
Electronic weighing scales refer to the device used to measure mass or weight. Electronic weighing scales market has high growth prospects owing to increasing application in the numerous industry verticals such as retail, healthcare, veterinary, laboratories, jewelry, and others. Further, increasing automation among the industries and rising demand from the developing economies owing to growing industrialization expected to drive the demand for electronic weighing scales market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.76% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States, India Manufacturers will contribute the maximum growth to Global Electronic Weighing Scales market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Contech Instruments Ltd. (India), Essae Group (India), Aczet Pvt. Ltd. (India), A&D Weighing Inc. (United States), Indutrade AB (Sweden), ATRAX Group NZ Ltd. (New Zealand), Avery Weigh-Tronix Ltd. (United States), D Brash & Sons, Ltd. (United Kingdom), Easiweigh Ltd. (United Kingdom), Yes Yes Technologies (India), Tanita Corporation (Japan), Fairbanks Scales (United States) and KERN & SOHN GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mettler Toredo (United States), Shinko Denshi Co., Ltd (Japan) and Cardinal Scale Manufacturing Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Weighing Scales market by Type (Table Top Scale, Personnel Weighing Scale, Crane Weighing Scale, Personnel Weighing Scale, Platform Scale, Pocket Scale and Table Scale), Application (Weighing Scale, Industrial Counting Scale, Retail Printer Scale and Weighing Balance) and Region.
On the basis of geography, the market of Electronic Weighing Scales has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical , the sub-segment i.e. Retail will boost the Electronic Weighing Scales market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Electronic Weighing Scales market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Electronic Weighing Scales for Industrial Applications and Emphasizing On Development of High Accuracy Electronic Weighing Scales
Market Growth Drivers:
Growing Focus on Industrial Automation and Rising Applications in the Retail and Jewelry Outlets
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
High Cost Associated With Electronic Weighing Scales
Opportunities:
Increasing Demand for Table Top Scale and Rising Demand from Developing Economies Owing to Growing Industrialization
Market Leaders and their expansionary development strategies
In November 2023, EOG collaborates with leading recipe platforms on app integration for their Smart Kitchen Scale. This partnership expands recipe options and simplifies meal preparation for home cooks, leveraging the scale's automatic measurement adjustments.
In October 2023, EOG unveils "Smart Kitchen Scale with Recipe Integration": This innovative scale connects with recipe apps, automatically adjusting ingredient measurements and providing step-by-step guidance for culinary adventures.
Key Target Audience
Electronic Weighing Scales Manufacturer, Electronic Weighing Scales Distributors, Potential Investors/Traders, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.