Market Research Future Insights
According to MRFR analysis, The electronic weighing scale market industry is projected to grow from USD 8.7 Billion in 2023 to USD 14.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2023 - 2032).
An electronic weighing scale is a device or equipment that measures the weight of anything, from a feather to a fully loaded truck. This device weighs the user and then converts the data into an electronic format. After being appropriately processed, these measurements, which are present in electric form, are presented on the LCD panel. Electronic weighing machines are used in a variety of industries, including retail, jewelry, laboratories, health care, and other industrial settings. These weighing scales are far superior to iron weights or spring balances in terms of accuracy and consistency. Different measurement units, such as grams, kilograms, pounds, and ounces, are available on these weighing scales.
The coronavirus pandemic has created a fuss on most of the market's manufacturing, development, production, and logistics units. Many country’s governments placed restrictions as a result of the pandemic scenario. As a result of the pandemic, many businesses and stores have closed, resulting in a drop in demand for weighing scales. Additionally, because this equipment is not in use during the lockdown, sales in this market have decreased significantly. These weighing devices were also employed in closed fitness centers, which influenced the electronic weighing scale business.
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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.
Key Players:
The major key players in the market are AD Company, Limited (US), Fairbanks Scales Inc. (US), Adam Equipment (UK), Essae-Teraoka Pvt. Ltd. (India), Kern Sohn Gmbh (Germany), Mettler Toredo International, Inc. (US), Shinko Denshi Co., Ltd (Japan), Contech Instruments Ltd (India), Cardinal Scale Manufacturing Company (US), Doran Scales, Inc. (the US), Avery Weigh Tronix Llc. (US), Sartorius Group (Germany), Shimadzu Corporation (Japan), Bonso Electronics International Inc. (Hong Kong), and Tanita Corporation (Tokyo).
Introduction:
In our rapidly evolving world, technological advancements continue to reshape various industries. The weighing scale industry is no exception. Electronic weighing scales have revolutionized the way we measure and weigh objects, offering greater accuracy, efficiency, and convenience. This blog post explores the electronic weighing scale market, highlighting its growth potential, key players, and emerging trends.
Emerging Trends:
- Integration of IoT and AI:
The integration of the Internet of Things (IoT) and Artificial Intelligence (AI) in electronic weighing scales is a game-changer. This technology enables real-time monitoring, data analysis, and automation, enhancing productivity and efficiency. It also allows seamless integration with other systems, providing valuable insights and enabling predictive maintenance.
- Wireless Connectivity:
Electronic weighing scales with wireless connectivity are gaining popularity. Bluetooth and Wi-Fi-enabled scales allow seamless data transfer to smartphones, tablets, or computer systems, eliminating the need for manual recording and reducing human error. This feature is particularly useful in industries where multiple scales are used simultaneously, such as logistics and warehousing.
- Portable and Compact Designs:
Portable and compact electronic weighing scales are becoming increasingly popular, especially in industries like healthcare, food, and agriculture. These scales offer convenience and flexibility, allowing users to weigh objects on the go. Compact designs are particularly beneficial for small-scale businesses or locations with limited space.
- Enhanced Accuracy and Precision:
Accuracy and precision are paramount in weighing applications, especially in sectors such as pharmaceuticals and laboratory research. Electronic weighing scales are continually improving in terms of accuracy, with advancements in sensor technology and digital signal processing. This trend is driving the adoption of electronic weighing scales in critical industries that require high precision measurements.
- Sustainability and Environmental Considerations:
As sustainability gains importance across industries, electronic weighing scale manufacturers are focusing on eco-friendly designs. Energy-efficient scales, the use of recyclable materials, and reducing the carbon footprint of manufacturing processes are becoming key considerations. This shift aligns with the growing emphasis on corporate social responsibility and sustainable business practices.
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Conclusion:
The electronic weighing scale market is witnessing a significant transformation driven by technological advancements and evolving industry needs. The integration of IoT and AI, wireless connectivity, portable designs, enhanced accuracy, and sustainability considerations are shaping the future of this industry. As the demand for precise and efficient weighing solutions continues to rise across various sectors, the electronic weighing scale market is poised for continued growth and innovation. Manufacturers and industry players need to stay abreast of these emerging trends to capitalize on the vast opportunities in this dynamic market.
