In the intricate world of industry, where accuracy and efficiency reign supreme, the global industrial weighing equipment market is forging a path to prosperity. Currently valued at an impressive US$ 1.5 billion in 2023, this dynamic market is projected to ascend to a substantial US$ 2.4 billion by the year 2033, backed by a consistent Compound Annual Growth Rate (CAGR) of 5% during the envisaged period.
Industrial weighing equipment, often the unsung hero in the realm of manufacturing and industry, plays a pivotal role in upholding precision and efficiency. These meticulously designed machines are dedicated to providing exact and precise measurements of the weight of various items, products, and components, whether in analog or digital form. Industrial weighing equipment offers an array of advantages that significantly enhance industrial operations.
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Industrial weighing machines play an essential role in accurately assessing the weight of items, products, and gadgets. Their applications extend to precise raw material filling and verification of supplied goods’ weight. These machines offer precision in weight readings, aiding manufacturers in optimizing production by minimizing overfilling and material wastage.
End-use sectors encompass construction, agriculture, medicine, food, and more. Industrial weighing machines come in diverse types, each tailored to specific functions. For instance, conveyor scales weigh items as they traverse a weighbridge via a conveyor, effectively measuring the weight of large vehicles and trucks. This nuanced versatility enhances operational efficiency across industries.
An analyst from Future Market Insights points out that as awareness of the reliability of industrial weighing equipment deepens, the global market is poised for impressive growth in the near future.
Key Insights from the Industrial Weighing Equipment Market:
- North America takes the lead with the US experiencing continuous advancements in the retail and pharmaceutical sectors. Additionally, the demand for home health monitoring is on the rise.
- Europe maintains a substantial market presence, driven by the UK and Germany, hosting a significant number of key industry players.
- The Asia-Pacific region is primed for rapid expansion in the industrial weighing equipment market during the forecast period. Japan, South Korea, India, and China are anticipated to lead the charge. China’s move to lower tariffs on automotive components further contributes to this trend.
Featured Industry Players:
- Avery Weigh-Tronix
- RADWAG Wagi Elektroniczne
- CI Precision Ltd.
- A&D Weighing
- Atrax Group NZ Ltd
- Thompson Scale Company
- GSH Group
- Bilwinco AS
- D Brash & Sons Ltd
- Sartorius AG
- Ohaus Corporation
- Maguire Products Inc.
- Mettler Toledo International Inc.
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Competitive Equipment Highlights:
- A&D Weighing: In 2021, introduced the GF-M and GX-M series weighing balances, known for their efficiency in handling spills, light washdowns, and dust protection.
- Thayer Scale: Developed innovative batching and blending options for weighing scales in 2022. These incorporate an elongated mass counterbalance scale and cost-effective volumetric feeders that can replace multiple Loss-In-Weight Feeders and integrated weigh belt feeders for enhanced accuracy.
- Mettler Toledo: Offers a comprehensive range of weighing solutions including bench scales, pallet scales, truck scales, rail scales, and load cells. Their scales cover a broad measurement range from 0.001 grams to several tonnes, catering to legal-for-trade and basic weighing needs. Industrial scale software programs, indicators, and accessories ensure precise process control and visibility.
Key Segments:
By Product Type:
- Industrial Checkweighers
- Industrial Counting Scales
- Industrial Floor Scales
- Industrial Rail Scales
- Other Industrial Weighing Equipment
By End Use Industry:
- Chemicals Industry
- Manufacturing Industry
- Mining Industry
- Food & Beverage Industry
- Other Industries
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Reference:
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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