According to a recent market study published by Growth Market Reports, titled, “Truck Scales Market” by types and by end-users:  Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 1,993.1 Million in 2022 and is expected to grow at a growth rate 3,135.4 of 5.4% by the year 2031.

As per Growth Market Reports industry analysts Divjot Singh and Vineet Pandey “Truck Scales Market is anticipated to witness significant growth during the forecast period 2023-2030. Growing adoption of industrial automation is driving the global truck scales market. The integration of truck scales with other systems and processes such as weighbridge management software, fleet management system, and logistics platforms enhances operational efficiency are fueling the market.

Truck scales are large sets of scales, usually mounted on a concrete base, that are used to weigh trucks or rail cars with their contents. Truck scales are used to weigh an empty and loaded wagon or truck. This helps the user to easily calculate how much load should be carried by a truck. Industries that use multiple trucks in their daily operations need to have reliable and accurate weighing systems in place for conducting efficient operations. Truck scales play an important role in transferring goods in various industries.

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Key factors that are anticipated to fuel the demand for the global truck scales market during the forecast period. implementation of government regulations and increasing awareness related to the benefits of truck scales is driving the market. Conversely, high initial investment and maintenance costs is hampering the growth of the market. Technological advancements are creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Truck Scales Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities.  According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The players include Air-Weigh, Avery Weigh-Tronix, Cardinal / Detecto Scale, Fairbanks Scales, GIROPES SL, JFE Holdings, Inc., Kanawha Scales and Systems, LLC., METTLER TOLEDO, PRECIA MOLEN, Rice Lake Weighing Systems, Schenck Process Holding GmbH, Walz Scale -Scanner, and Others.
  • Based on type, the global truck scales market is segmented into electronic truck scales, digital truck scales, and mechanical truck scales. The digital truck scale segment is widely adopted by operators for tracking and recording data on truck weight. This data is further used for managing logistics and supply chain processes. Furthermore, increasing automation among various industry verticals raises the demand for digital trucks among customers boosting the segment.
  • On the basis of application, the market is segregated into agriculture, transportation and logistics, mining, construction, manufacturing, and others. The agriculture segment is projected to grow during the forecast period, owing to the growing adoption of trucks among farmers. Truck scale helps the farmers in transferring an accurate quantity of their crops. These scales also help in monitoring the appropriate loading of crops in the truck, which supports the segment to grow in the near future.
  • The demand for truck scales in Asia Pacific is expected to increase significantly during the forecast period due to the expansion of industries such as agriculture, electrical appliances, and manufacturing. Significant growth of the market in this region is attributed to the increasing disposable income of a large pool of the population in China and India and the growth of the logistics and transportation industries in these two countries. These factors are expected to create lucrative opportunities in the market in the region.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 1,993.1 Million

Market Growth Rate (from 2023 to 2031)

5.4%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 - 2031

Units Considered

Value (USD Million)

Market Segments

by Type, by Application, and by Region

Key Companies Profiled

Air-Weigh, Avery Weigh-Tronix, Cardinal / Detecto Scale, Fairbanks Scales, GIROPES SL, JFE Holdings, Inc., Kanawha Scales and Systems, LLC., METTLER TOLEDO, PRECIA MOLEN, Rice Lake Weighing Systems, Schenck Process Holding GmbH, Walz Scale -Scanner, and Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufactures and Suppliers/Distributors  
  • Demand Side: Agriculture, Transportation and Logistics, Mining, Construction, Manufacturing, and Others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Occupational Safety and Health Administration (OSHA), North American Free Trade Agreement (NAFTA), National Type Evaluation Program (NTEP), Federal Motor Carrier Safety Administration (FMCSA), and others.