Market Overview
The global Electronic Weighing Scale Market Value is expected to grow at a rate of more than 6% during the forecast period 2022 to 2028.
An electronic weighing scale is a device that is used to weigh any type of object. With the rapid increase in the automation of different industries, the demand for electronic weighing scales is also increasing. This is an important growth driver for the market.
During the breakdown of the COVID-19 pandemic, the Electronic Weighing Scale Market Growth was halted due to strict lockdown measures, the temporary closure of many industries, and disruption in logistics facilities. The market has started reviving over the last some months and is expected to grow rapidly during the forecast period.
Market Segmentation
The different segments of the Electronic Weighing Scale Market are anticipated to perform very well during the forecast period 2022 to 2028. The market is segmented based on end-users, scale type, and region.
Based on the scale type, the market is divided into platform scale, pocket scale, precision scale, tabletop scale, and others.
Based on the end-users, the market is segmented into jewelry, industrial, veterinary, scientific, food & beverages, health & fitness, education & research, and others.
Regional Classification
The global Electronic Weighing Scale Market is fragmented into six regions. They are Europe, Asia Pacific, South America, North America, Africa & Middle East.
During the forecast period for which the report is prepared, the market experts anticipate significant growth of the Electronic Weighing Scale Market in the North American region. There is a rise in the demand for digital weighing machines across different industries in the North American region. That is why it is anticipated that the market will have significant growth in this sector in the coming years. Another contributing factor to the growth of this sector is the availability of technical experts in the North American region.
European countries are also expected to grow significantly during the forecast period as Europe has most of the key players in the Electronic Weighing Scale Market.
Easy availability and cheaper raw materials are the main drivers for the growth of the Electronic Weighing Scale Market in the Asia Pacific region, especially in the countries such as Japan, India, and China.
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Industry News
New product launches, acquisitions, mergers, and partnerships are some of the strategies that the Electronic Weighing Scale Market Key Players adopt to sustain their high positions in the global market. Huge investments are made in research and development so that products with the latest technological advancements are available to the users.
- October 2019- Fairbanks Scales launched a new type of roller conveyor scale.
- December 2019- Fairbanks Scales launched a new product series named WF Forklift scale.
- June 2020- METTLER TOLEDO launched a new product range of weight checkers. These products have a sloped surface so that no debris and liquid could get accumulated on the surface so there is no risk of bacterial contamination. These machines are easy to clean.
- September 2020- METTLER TOLEDO acquired D.C Martin & Sons Scales Inc which led to the expansion of the business portfolio of METTLER TOLEDO.
Source- Market Research Future