The latest report by IMARC Group, titled “Electronic Weighing Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global electronic weighing machines market share. The global 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.
An electronic weighing machine is a device utilized to measure the weight or mass of an object. Some commonly available electronic weighing machines include gem and jewelry scales, laboratory, healthcare, retail, and kitchen scales. They consist of components such as a microchip, liquid crystal display (LCD), load cell transducer, signal conditioner, and software program offering feedback about the weight. The transducer measures and converts the weight into electrical signals, which are processed and shown on the LCD screen. Additionally, they are easy to use, calibrate and read, battery-operated, highly portable, and provide accurate weight measurement as compared to analog or spring-based counterparts. They are also cost-efficient, versatile, durable, lightweight, sleek, and compact. As a result, the electronic weighing machine is gaining immense traction among individuals and is easily available through online and offline stores across the globe.
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Electronic Weighing Machines Market Trends and Drivers:
The market is primarily driven by the significant expansion in the retail industry. Additionally, an electronic weighing scale is essential in retail shops due to its appropriate signal conditioners, fundamental load cell, and output recorders/indicators. In line with this, the rising demand for electronic weighing machines in various sectors such as manufacturing, food and beverage (F&B), education, medical, gems, and jewelry are contributing to the market growth. Moreover, continuous technological advancements, such as the introduction of the Internet of Things (IoT)-integrated weighing scales, represent another major growth-inducing factor. In line with this, these scales have precision, high reliability, and ease of calibration features, influencing the demand for electronic weighing scales. Besides this, the growing health consciousness and the rising prevalence of weight-related disorders, such as obesity, are accelerating the product adoption rate. Along with this, the launch of water-resistant electronic machines with backlit liquid crystal display (LCD) and titanium platforms are propelling the market growth. Apart from this, the electronic weighing machines market is growing at different rates in numerous regions, with the Asia Pacific being one of the largest electronic weighing machines markets due to rising demand for electronic weighing machines in the retail sector and laboratories and increasing health awareness among individuals. Moreover, the industry is expected to face competition in the coming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in 2018, Kern & Sohn GmbH introduced a premium quality analytical balance with a single-cell generation for rapid and consistent weighing outcomes. It also features a bright organic light emitting diode (OLED) display with a wide viewing angle and universal serial bus (USB) interfaces for conveniently transferring weighing data to external devices. Furthermore, rapid industrialization, several product innovations, and the widespread adoption of a digital pocket scale with an IP65 rating, with a white backlit LCD and black titanium chrome platform popular among home-based business owners due to their ease of portability, dustproof, and space-saving option are creating a positive market outlook across the globe.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Laboratory Scale
- Gem and Jewelry Scale
- Retail Scale
- Health Scale
- Kitchen Scale
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape With Key Players:
- 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
- Shimadzu Corporation.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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