DUBLIN, Feb. 19, 2024 /PRNewswire/ — The “Industrial Weighing Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Industrial Weighing Equipment Market to Reach $3.6 Billion by 2030
The global market for Industrial Weighing Equipment estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Industrial Manufacturing, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Transportation & Logistics segment is estimated at 5.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $625.9 Million, While China is Forecast to Grow at 6.8% CAGR
The Industrial Weighing Equipment market in the U.S. is estimated at US$625.9 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$700.8 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$575.1 Million by the year 2030.
Select Competitors
What`s New?
Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
Industrial Weighing Equipment: Crucial Role in Ensuring Precision, Control and Efficiency in Diverse IndustriesAn Introduction to Industrial Weighing EquipmentLoad Cells: Core Component of Weighing InstrumentsTypes of Industrial Weighing EquipmentFloor ScalesBench ScalesContinuous Weigh FeedersContinuous Weighing EquipmentCheck-Weighing ScalesPrecision BalancesTransportation ScalesElectronic Weigh ScalesFactors Impacting Performance of Industrial Weighing ScalesShift from Manual to Automated Solutions: A Prominent Trend in the MarketManufacturing Remains the Pivotal Segment of Industrial Weighing Equipment MarketDeveloping Economies Continue to Fuel Long-term GrowthCompetitionCompetitive Market Presence – Strong/Active/Niche for Players Worldwide in 2023 (E)Recent Market ActivityInfluencer/Product/Technology Insights
MARKET TRENDS & DRIVERS
Technological Trends Transform Industrial Weighing Equipment MarketAutomation, Digitization and Intelligent WeighingWireless Weighing to Gather SteamProgrammable Weighing Systems Find Favor in Industrial ApplicationsCloud-Based Industrial Weighing Machines to Gain Wider AdoptionIntegration of IoT and Smart ScalesAdvent of Sophisticated Weighing EquipmentWeighing Equipment Gets SmarterDynamic Scales with New FunctionsUpgraded Weighing Equipment for Terminals & PortsLoaders with Weighing TechnologyField-oriented ScalesPotential for Analytics and Big Data in WeighingBlockchain Technology’s Emerging Role in WeighingEnvironmentally Friendly and Sustainable ScalesAutomated and Digital Weighing Scales Adoption Rise amid the Automation Trend in IndustriesDigital Technology Proves Beneficial for Weighing Service ProvidersImportance of Automated Weighing Equipment in Streamlining TasksIndustry 4.0 Redefines Manufacturing, Driving Demand for Industry 4.0 Compliant Weighing SolutionsShift towards IIoT Drives Significance of Digital Weighing TechnologyPotential of IIoT for Industrial Weighing EquipmentArtificial Intelligence Transforms Weighing Equipment into Intelligent SystemsAI-Ready Weighbridge for Waste and Recycling ApplicationsWaste Reduction through Weighing Equipment Gives Thrust to Lean ManufacturingMobile Weighing Emerges to Address Need for Faster Transportation & LogisticsTechnology Advancements in Industrial Weighing Machines to Spur GrowthSelect Innovations in Industrial Weighing EquipmentWeighing Technology Advances Augur Well for the MarketDevelopments in Load Cell Technology Influence Weighing MachineryUSB Load Cells Come to ForeDigital Load Cells Gain Prominence in Specialized ApplicationsResistance Strain Gauge Load Cells Undergo Major Advances with Development TrendsCommon Issues Facing Load CellsIndustrial Weighing Scales Bulk up Attention across Diverse DomainsTransportation & Logistics Emerges as a Key Driver of Demand GrowthInternational Trade Volumes: An Indicator of Potential OpportunitiesScales for Weighing Truckloads: An OverviewLift Truck Scales for Logistics and Shipping OperationsPotential Opportunities for On-Board Vehicle Weighing SystemsE-Commerce Growth Presents Opportunities for Weighing ScalesWeighing Systems Improve Efficiency of Mining OperationsIndustrial Weighing Scales Critical in Mining OperationsMetal Industries Rely on Weighing Equipment to Streamline Production CycleGrowing Significance of Weighing Instruments in Pharmaceutical ManufacturingChemical Processing: Weighing Machinery Plays Critical Role in Maintaining Standard Weight ConfigurationsConstruction Material Manufacturers Rely on Weighing Equipment across Various Production StagesFood Industry Witnesses Rise in Adoption of Digital Weighing TechnologyFavorable Trends in Food Consumption Drive Demand for Automatic CheckweighersUptake of Checkweigher in Health Food IndustryFood Packaging Gets Precision & Efficiency Lift with Advanced CheckweighersWeighing Equipment Gain Precedence in Textile SectorPulp and Paper Manufacturers Look to Leverage Proficiency of Weighing EquipmentRegulations to Drive Weighing Equipment Demand in Waste Management IndustryMaintenance of Truck Scales: A Challenging TaskIndustrial Truck Scales: Focus on Key IssuesGrowing Importance of Weighing Equipment for Recycling IndustryWeighing Equipment Remains Crucial Component of Agriculture & Farming IndustryAdvent of Innovative Technologies Fuel Demand for Electronic Weighing EquipmentCheck Weighing Machines Market: Poised for GrowthRising Prominence of Floor Scales in Industrial Weighing Equipment IndustryGrowing Importance of Checkweighers in Industrial Production LinesCheckweighers: Fundamental Facet of Packaging Quality Control ApplicationsImproving Productivity through CheckweighersSmart Checkweighers: A Heavyweight Technology for Factory of FutureExpanded Capabilities of Checkweighers Make Them Essential to Enhance ProductivityAccuracy Remains Critical for Automatic Inline CheckweigherWeighing and Controlling Foreign Objects in Demanding EnvironmentsReplacement Demand to Support Market GrowthRegulatory Guidelines to Influence Market ProspectsChallenges Facing Industrial Weighing Equipment Market
FOCUS ON SELECT PLAYERS (Total 216 Featured)
A&D WeighingATRAX Group NZ Ltd.Avery Weigh-Tronix, LLCBilwinco ASCI Precision Ltd.D Brash & Sons, Ltd.Easiweigh LimitedFairbanks Scales, Inc.GSH GroupMaguire Products, Inc.Mettler-Toledo International, Inc.Minebea IntecOHAUS CorporationRADWAG Wagi ElektroniczneThompson Scale CompanyWalz Scale
For more information about this report visit https://www.researchandmarkets.com/r/8jl791
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-industrial-weighing-equipment-strategic-analysis-report-2024-2030-shift-towards-iiot-drives-significance-of-digital-weighing-technology-302064959.html
SOURCE Research and Markets
