Electronic Weighing Machines Market
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 2021 – 2028
The global electronic weighing machines market size is anticipated to expand at a CAGR of 3.3% during the forecast period, 2021 to 2028. 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 |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Laboratory Scale and Retail Scale), Distribution Channels (Online and Offline) |
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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.
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 (000’ 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.
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 (000’ 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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