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Electronic Weighing Machines Market Size, Forecast | 2031

Electronic Weighing Machines Market

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Segments - by Types (Laboratory Scale and Retail Scale), Distribution Channels (Online and Offline), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Debadatta Patel

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Aman Singh

Report Description

The global electronic weighing machines market size was valued at USD 4.05 Billion in 2022 and is likely to reach USD 5.33 Billion by 2031 , expanding at a CAGR of 3.1% during 2023 – 2031.The growth of the market is attributed to rapid improvements in the standardization technique of products.

An electronic weighing scale is an equipment that is utilized to measure the mass of any object ranging from feather to a loaded tractor trailer. The electronic weighing scale measures the weight and translates it into electrical form. These measurements in the electric form are then displayed on the LCD screen in a decipherable format.

Electronic weighing machines are widely used in laboratory activities, retail sectors, and also by individuals to check the body weight at home. Portable weighing machines are widely used by home-based business owners. These machines have high accuracy and consumes less space.

Electronic Weighing Machines Market Trends, Drivers, Restraints and Opportunities

Reliability, accuracy, durability, portability, and ease of calibration of the product are increasing the adoption and penetration of the product in several regions.
Strong presence of product in small retail stores and increasing awareness regarding the obesity are driving the growth of the market.
Rising trade activities and increasing need to retain precisions in process are stimulating the market growth.
Technological advancements is expected to increase the demand for electronic weighing machines increasing in both commercial and residential sectors.
High cost of electronic weighing machines can act as a restraint for the market growth.
The Covid-19 pandemic is impacting the market growth as supply chain is majorly disrupted across the globe.
The uninterrupted supply of electricity can act as a restraint for the market growth.

Scope of the Electronic Weighing Machines Market Report

The report on the global electronic weighing machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Electronic Weighing Machines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Laboratory Scale and Retail Scale), Distribution Channels (Online and Offline)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	A&D Company Ltd., Mettler-Toledo International Inc., Doran Scales Inc., Essae-Teraoka Pvt. Ltd, Fairbanks Scales Inc., Kern & Sohn GmbH, BONSO Electronics International Inc. Shimadzu Corporation, Sartorius Group, Avery Weigh-Tronix, LLC.

Global Electronic Weighing Machine Market Segment Insights:

On the basis of types, the market is segregated into laboratory scale and retail scale. The retail scale segment accounted for around 35% of the market share in 2020 and is expected to exhibit a high CAGR during the forecast period. This is due to the increasing number of retail stores in the emerging economies across the globe.

Based on the distribution channels, the market is divided into online and offline. The offline segment dominated the electronic weighing scale market with a revenue-based share of around 95% in 2020. Majority of the offline sales are driven by the commercial segment. Consumers prefer buying the machines from offline retailers, as they provide in detail information about the configuration of the product. Online channels are mainly hosted by e-commerce businesses as well as the manufacturers. After-sales support pertaining issues related to the products is persuading the customers to purchase from brick-and-mortar stores, which include distributors, speciality stores, hypermarkets, and supermarkets. The wide range of products available and easy of return is propelling the growth of the offline segment.

In terms of regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East Asia. Asia Pacific dominated the market with a revenue market share of around 35% in 2020. The high adoption rate of the product coupled with the presence of major players is driving the growth of the market in the region.

Segments

The global electronic weighing machine market has been segmented on the basis of

Types

Laboratory Scale
Retail Scale

Distribution Channels

Online
Offline

Regions

North America
Europe
Asia Pacific
Central and South America
Middle East & Africa

Key Players

A&D Company Ltd.
Mettler-Toledo International Inc.
Doran Scales Inc.
Essae-Teraoka Pvt Ltd
Fairbanks Scales Inc.
Kern & Sohn GmbH
BONSO Electronics International Inc.
Shimadzu Corporation
Sartorius Group
Avery Weigh-Tronix LLC.

Competitive Landscape

Key players competing in the global electronic weighing machines market are A&D Company Ltd., Mettler-Toledo International Inc., Doran Scales Inc., Essae-Teraoka Pvt. Ltd, Fairbanks Scales Inc., Kern & Sohn GmbH, BONSO Electronics International Inc. Shimadzu Corporation, Sartorius Group, Avery Weigh-Tronix, LLC.
Companies are focusing on product offerings in order to gain major market share; for instance, in June 2020, Mettler-Toledo launched a series of washdown resistant checkweighers for precision weighing applications. The Washdown Checkweighers series feature sloped surfaces to discourage liquid and debris collection, avoiding bacterial contamination risks, while conveyor belts can be removed quickly and easily for efficient cleaning.
In December 2019, Fairbanks Scales launched WF Series forklift scale, which features a unique design ideal for the mobile weighing market. The WF Series converts most forklifts into a precision scale in minutes.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Weighing Machines Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electronic Weighing Machines Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electronic Weighing Machines Market - Supply Chain
  4.5. Global Electronic Weighing Machines Market Forecast
     4.5.1. Electronic Weighing Machines Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electronic Weighing Machines Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Electronic Weighing Machines Market Absolute $ Opportunity
5. Global Electronic Weighing Machines Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Electronic Weighing Machines Market Size and Volume Forecast by Types
     5.3.1. Laboratory Scale
     5.3.2. Retail Scale
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Electronic Weighing Machines Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Electronic Weighing Machines Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Electronic Weighing Machines Demand Share Forecast, 2019-2026
7. North America Electronic Weighing Machines Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Electronic Weighing Machines Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Electronic Weighing Machines Market Size and Volume Forecast by Types
     7.4.1. Laboratory Scale
     7.4.2. Retail Scale
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Electronic Weighing Machines Demand Share Forecast, 2019-2026
8. Latin America Electronic Weighing Machines Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Electronic Weighing Machines Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Electronic Weighing Machines Market Size and Volume Forecast by Types
     8.4.1. Laboratory Scale
     8.4.2. Retail Scale
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Electronic Weighing Machines Demand Share Forecast, 2019-2026
9. Europe Electronic Weighing Machines Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Electronic Weighing Machines Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Electronic Weighing Machines Market Size and Volume Forecast by Types
     9.4.1. Laboratory Scale
     9.4.2. Retail Scale
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Electronic Weighing Machines Demand Share Forecast, 2019-2026
10. Asia Pacific Electronic Weighing Machines Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Electronic Weighing Machines Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Electronic Weighing Machines Market Size and Volume Forecast by Types
     10.4.1. Laboratory Scale
     10.4.2. Retail Scale
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Electronic Weighing Machines Demand Share Forecast, 2019-2026
11. Middle East & Africa Electronic Weighing Machines Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Electronic Weighing Machines Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Electronic Weighing Machines Market Size and Volume Forecast by Types
     11.4.1. Laboratory Scale
     11.4.2. Retail Scale
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Electronic Weighing Machines Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Electronic Weighing Machines Market: Market Share Analysis
  12.2. Electronic Weighing Machines Distributors and Customers
  12.3. Electronic Weighing Machines Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. A&D Company Ltd.
     12.4.2. Mettler-Toledo International Inc.
     12.4.3. Doran Scales Inc.
     12.4.4. Essae-Teraoka Pvt Ltd
     12.4.5. Fairbanks Scales Inc.
     12.4.6. Kern & Sohn GmbH
     12.4.7. BONSO Electronics International Inc.
     12.4.8. Shimadzu Corporation
     12.4.9. Sartorius Group
     12.4.10. Avery Weigh-Tronix LLC.

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