What Has Been The Evolution of the Industrial Weighing Equipment Market in Recent Years?
The industrial weighing equipment market has seen considerable growth due to a variety of factors.
• The market size of industrial weighing equipment has seen substantial growth in the past few years. The market is set to expand from $2.3 billion in 2024 to $2.43 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Factors that have contributed to the growth during the historic period include energy efficiency, user-friendly and ergonomic design, heightened efficiency and productivity, a growth in the manufacturing sector, as well as an emphasis on quality control and compliance.
What Are the Future Growth Projections for the Industrial Weighing Equipment Market Size?
The Industrial Weighing Equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the industrial weighing equipment market, with robust growth anticipated in the coming years. The market is projected to expand to $3.12 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.5%.
The upward trend during the forecast period can be tied to the adoption of industry 4.0, enhanced automation in industries, strict quality standards, growth in e-commerce and logistics, focus on sustainability, as well as globalization and market expansion. During the forecast period, prevalent trends will include attention to safety and ergonomics, customization and adaptability, integration with data analytics, along with sustainability and efficiency.
What Are The Core Factors Supporting Growth In The Industrial Weighing Equipment Market?
The expansion of global commerce is predicted to fuel the growth of the industrial weighing equipment market. Global commerce involves the exchange of capital, goods, and services across international borders or between different countries. An increase in this trade correlates with an escalation in transportation and logistical needs, which in turn leads to a growth in the industrial weighing equipment market. The United Nations Conference on Trade and Development (UNCTAD), an international organization that advocates for developing countries' interests in world trade, stated that in July 2024, goods trade is estimated to rise by nearly $250 billion, while services trade is expected to increment by $100 billion in the first half of 2024 compared to the latter half of 2023. This expected growth signifies a revival in global trade trends, and exhibits robustness in spite of persistent economic challenges. Hence, the augmentation in global commerce is the driving factor for the development of the industrial weighing equipment market.
What Are The Major Segments Within The Global Industrial Weighing Equipment Market?
The industrial weighing equipment market covered in this report is segmented –
1) By Type: Electronic Industrial Weighing Equipment, Machinery Industrial Weighing Equipment, Electromechanical combined With Industrial Weighing Equipment, Other Types
2) By Distribution Channel: Online, Offline
3) By Application: Industrial Manufacturing, Transportation And Logistics, Chemical Processing, Metal And Mining, Food And Beverages, Waste Recycling, Other Applications
Subsegments:
1) By Electronic Industrial Weighing Equipment: Digital Scales, Load Cells, Bench Scales, Floor Scales
2) By Machinery Industrial Weighing Equipment: Weighing Hoppers, Weighbridges, Conveyor Belt Scales
3) By Electromechanical Combined With Industrial Weighing Equipment: Mechanical Scales, Hybrid Weighing Systems
4) By Other Types: Portable Weighing Equipment, Static Weighing Equipment, Automated Weighing Systems.
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Which Trends Are Expected To Transform The Industrial Weighing Equipment Market?
The introduction of innovative features is an emerging trend that's gaining traction in the industrial weighing equipment market. Major market players are evolving their products by incorporating increasingly innovative elements to enhance their industrial weighing services. For example, in August 2023, Ishida Europe, a UK-based company specializing in the provision of weighing, quality control and packaging equipment, unveiled two new weighing tools in their sector solutions range. These cutting-edge solutions are not only cost-effective, but also offer high performance, composed of new sturdy components and durable PU liners. These features enable the weighing tools to endure high levels of impact and abrasive product flow without sacrificing speed or accuracy. This innovative solution therefore allows manufacturers to optimise their packing operations both in terms of speed and efficiency.
Who Are the Key Players In The Industrial Weighing Equipment Market?
Major companies operating in the industrial weighing equipment market include:
• A&D Weighing
• Easiweigh Ltd.
• Bilwinco AS
• CI Precision Ltd.
• Mettler-Toledo International Inc.
• Maguire Products Inc.
• Avery Weigh-Tronix LLC
• Minebea Intec GmbH
• Fairbanks Scales Inc.
• OHAUS Corporation
• ATRAX Group NZ Ltd.
• Thompson Scale Company
• D Brash & Sons Ltd.
• Autoweigh Services Pvt. Ltd.
• KERN & SOHN GmbH
• Rice Lake Weighing Systems India Ltd.
• Flintec Group AB
• Vishay Precision Group
• Yamato Scale Co. Ltd.
• B-TEK Scales LLC
• Cardinal Scale Manufacturing Company
• Dini Argeo S.r.l.
• Doran Scales Inc.
• Emery Winslow Scale Company
• Keli Electric Manufacturing (Ningbo) Co. Ltd.
• LCM Systems Ltd.
• Novatech Measurements Limited
• Precia Molen India Pvt. Ltd.
• Radwag Balances and Scales
• Sartorius AG
What Is The Most Dominant Region In The Industrial Weighing Equipment Market?
North America was the largest region in the industrial weighing equipment market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial weighing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
