What Is The Current and Historic Market Size Analysis Of Electronic Weighing Machines Market?
The electronic weighing machines market has seen considerable growth due to a variety of factors.
• The market size for electronic weighing machines has seen substantial growth in recent years. It is projected to increase from $4.05 billion in 2024 to $4.28 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%.
This upward trend during the historical period can be credited to factors like industrial automation, quality control standards, market proliferation in the retail sector, global trade and logistics, and production process efficiency.
What is the Forecasted Market Size and CAGR for the Electronic Weighing Machines Market?
The electronic weighing machines market is expected to maintain its strong growth trajectory in upcoming years.
• The market for electronic weighing machines is projected to witness robust growth in the coming years, expanding to a size of $5.51 billion by 2029, advancing at a compound annual growth rate (CAGR) of 6.5%.
The development during the forecast period can be tied to factors such as innovation in e-commerce and retail, sustainability and environmentally-friendly initiatives, regulatory adherence, industry-specific customizations, and data analysis and reporting functionalities. The primary trends anticipated in the forecast period encompass convergence with Industry 4.0, advances in sensor technology, technological progression, connectivity and data recording, as well as compact and transportable solutions.
What Are The Leading Drivers Of Growth In The Electronic Weighing Machines Market?
The retail industry's substantial expansion is anticipated to drive the electronic weighing machine market's progress in the future. The retail sector trades products and services to clients, with electronic weighing machines being integral tools for measuring product weight. As an example, the U.S. Census Bureau, an American government entity, reported in December 2023 that retail trade sales saw a 0.1% increase from October 2023, and a 3.1% jump compared to 2022's data. Consequently, the considerable increase in retail sales stimulates the development of the electronic weighing machine market.
What are the Market Segments in the Electronic Weighing Machines Market?
The electronic weighing machines market covered in this report is segmented –
1) By Type: Laboratory Scale, Gem And Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Other Types
2) By Distribution Channel: Online, Offline
Subsegments:
1) By Laboratory Scale: Analytical Balance, Precision Balance, Top-loading Balance
2) By Gem And Jewelry Scale: Carat Scale, Pocket Scale
3) By Retail Scale: Digital Platform Scale, Price Computing Scale, Bench Scale
4) By Health Scale: Digital Body Weight Scale, Body Composition Scale, Smart Scale
5) By Kitchen Scale: Digital Kitchen Scale, Mechanical Kitchen Scale
6) By Other Types: Industrial Scale, Floor Scale, Crane Scale
Pre-Book The Electronic Weighing Machines Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Electronic Weighing Machines Market?
Leading firms in the electronic weighing machines market are concentrating on devising innovative solutions like improved precision and sophisticated data management attributes, adapting to the changing necessities of multiple industries. Improved precision implies technologies that provide precise measurements, crucial for domains like manufacturing, logistics, and food processing. For example, in February 2024, Newtec, a Denmark-based firm renowned for its weighing and measurement solutions, introduced its model 2008PCM/MMemory Pans, aiming to uplift the benchmarks in the electronic weighing technology. The model 2008PCM consists of cutting-edge load cell technology and built-in memory features, enabling users to efficiently document and retrieve weights. With an easy-to-use interface and a sturdy structure, the model 2008PCM is predicted to bring about a substantial shift in the electronic weighing machines market by offering businesses a dependable solution that boosts operational precision and productivity.
Who Are the Key Players in the Electronic Weighing Machines Market?
Major companies operating in the electronic weighing machines market include:
• Sartorius AG
• Setra Systems Inc.
• Shimadzu Corporation
• Mettler-Toledo International Inc.
• Avery Weigh-Tronix LLC.
• Fairbanks Scales Inc.
• Cardinal Scale Manufacturing Company
• Flintec Group AB
• Toledo Weighing Machines Pvt. Ltd.
• Precia Molen
• Rice Lake Weighing Systems Inc.
• Essae-Teraoka Pvt. Ltd.
• Tanita Corporation
• Contech Instruments Ltd.
• Minebea Intec
• Rinstrum Pty Ltd
• Dini Argeo S.r.l.
• A&D Company Limited
• Bonso Electronics International Inc.
• Kern & Sohn GmbH
• Adam Equipment Inc.
• Ohaus Corporation
• Marsden Weighing Group
• ATRAX Group NZ Ltd.
• Doran Scales Inc.
• Easiweigh Ltd.
• Truweigh LLC
• Aczet Pvt. Ltd.
• Hottinger Baldwin Messtechnik GmbH
What are the Regional Insights into the Electronic Weighing Machines Market?
Asia-Pacific was the largest region in the electronic weighing machine market in 2024. The regions covered in the electronic weighing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
