Electronic Weighing Scale Market Share

Global Electronic Weighing Scale Market Overview:

Electronic Weighing Scale Market Size was valued at USD 8.7 Billion in 2023. The electronic weighing scale market industry is projected to grow from USD 9.24 Billion in 2024 to USD 14.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.51% during the forecast period (2024 - 2032). Increasing industrial automation and the rapid adoption of electronic weighing scales in retail and jewellery stores are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electronic Weighing Scale Market Trends

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  Rising demand for automated and digital weighing scales will drive market growth.

  
  

The market CAGR for electronic weighing scales is projected to rise due to the rising demand for automated and digital scales. There is a huge demand for replacing outdated weighing machines with cutting-edge, innovative goods because conventional weighing machines cannot measure with such accuracy up to decimals. With the development of digital weighing devices, even the weights can be precise to a few decimal places, and the automation process is simplified. Regardless of the size of the activity, automated weighing machines can be employed in small- or large-scale companies. By boosting production, decreasing product loss, precisely measuring ingredients, and optimising product amounts, the adoption of such automated systems results in significant profitability. All these advantages attract manufacturers to switch to automated weighing systems.

Moreover, electronic weighing devices let retail stores in the market determine a product's weight. The electronic weighing system is a crucial piece of equipment in retail stores thanks to the basic load cell, suitable signal conditioners, and output recorders/indicators. Electronic weighing machines are in demand in retail establishments because to their high reliability, precision, durability, portability, and ease of calibration qualities.Therefore, throughout the upcoming years, the expansion of the electronic weighing machines market will be driven by the presence of big retail establishments in both developed and developing nations.

For instance, the 2020 Annual Retail Trade Survey from the US Census Bureau shows that US retail sales climbed 3.1% from $5,402.3 billion in 2019 to $5,570.4 billion in 2020. As a result, the market for electronic weighing machines is expanding due to the sharp increase in retail sales.

Electronic Weighing Scale Market Segment Insights:

Electronic Weighing Scale Type Insights

The Electronic Weighing Scale Market segmentation, based on type includes table top scale, platform scale, precision scale, pocket scale. In 2022, the table top scale segment held the largest market share and is predicted to account for more than 25% of the market. Electronic weighing scales for tables are portable, simple to use, affordable, durable, and small. The majority of the uses for these scales are in laboratories, pharmacies, cafes, restaurants, and retail settings.

Figure1: Electronic Weighing Scale Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electronic Weighing Scale End-User Insights

The Electronic Weighing Scale Market segmentation, based on end-use, includes industrial, veterinary, scientific/laboratory, jewelry, food & beverages, health & fitness, industrial and education. The industrial category is anticipated to account for more than 30% of the market. The usage of weighing scales is common in the export and import of various materials as well as the measurement of substances like caustic liquids and gases. During the production process, extreme accuracy is required. The usage of electronic weighing scales has become standard in the industrial setting. The three most common types of industrial electronic scales are platform scales, pallet truck scales, and tough industrial crane scales. Due to their long-term applicability and durability, electronic weighing scales are now widely used in the industrial sector, which has influenced the industry's ability to produce them.

Electronic Weighing Scale Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American electronic weighing scale market area will dominate this market, owing to its big pharmaceutical sector, robust retail channel, and rising home demand for health monitoring. This previously mentioned element is a primary driver for the region's market.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Electronic Weighing Scale Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe electronic weighing scale market accounts for the second-largest market share due to the Rapid growth of large department and convenience businesses. Further, the German electronic weighing scale market held the largest market share, and the UK electronic weighing scale market was the fastest-growing market in the European region

The Asia-Pacific Electronic Weighing Scale Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising demand for electronic weighing devices in this region. Moreover, China’s electronic weighing scale market held the largest market share, and the Indian electronic weighing scale market was the fastest-growing market in the Asia-Pacific region.

Electronic Weighing Scale Key Market Players& Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the electronic weighing scale market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, electronic weighing scale industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global electronic weighing scale industry to benefit clients and increase the market sector. In recent years, the electronic weighing scale industry has offered some of the most significant advantages to medicine. Major players in the electronic weighing scale market, including Contech Instruments Ltd (India). Shinko Denshi Co., Ltd (Japan), Cardinal Scale Manufacturing Company (US) Doran Scales, Inc. (US), and Avery Weigh Tronix LLC (US) and others, are attempting to increase market demand by investing in R&D operations.

Mettler Toledo is a worldwide scales and analytical instrument maker. It is the world's leading manufacturer of weighing devices for use in laboratories, industrial settings, and food commerce. Additionally, the company offers a variety of analytical equipment, process analytics devices, and end-of-line inspection systems. The corporation operates globally, with 70% of nett sales coming from Europe and the Americas in equal amounts. The remaining 30% is dedicated to Asian business. Mettler Toledo was founded in the United States and has its headquarters in Switzerland. In November 2021, Mettler-Toledo, a scale and analytical instrument manufacturer based in the United States, has introduced the BPA121 Portable Scale, an electronic weighing machine. It is a portable scale designed specifically for the food processing industries and is ideal for excessively damp settings. This product is meant to withstand moist and harsh conditions, and it provides excellent resistance to water penetration and humidity.

Fairbanks, Morse, and Company was a late-nineteenth-century American manufacturing firm. Originally a manufacturer of weighing scales, it gradually expanded into pumps, engines, windmills, coffee grinders, radios, farm tractors, feed mills, locomotives, and industrial supplies before being purchased by Penn Texas in 1958. In 1823, inventor Thaddeus Fairbanks established an ironworks in St. Johnsbury, Vermont, to manufacture two of his patented inventions: a cast iron plough and a heating stove. He founded a hemp dressing business in 1829, for which he developed the machinery. In september 2019, Fairbanks scales introduced a new roller conveyor scale in October. This gadget can record the weights of products as they move down a conveyor scale. Fairbanks scales developed a new series called WF forklift scale in December with a distinctive design to meet the needs of the mobile weighing sector. This scale can transform forklifts into precision scales in minutes.

Key Companies in the electronic weighing scale market include

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  A&D Company, Limited (US)

  
  


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  Fairbanks Scales Inc. (US)

  
  


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  Adam Equipment (UK)

  
  


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  Essae-Teraoka Pvt. Ltd. (India)

  
  


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  Kern & Sohn Gmbh (Germany)

  
  


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  Mettler Toredo International, Inc. (US)

  
  


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  Contech Instruments Ltd (India)

  
  


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  Shinko Denshi Co., Ltd (Japan)

  
  


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  Cardinal Scale Manufacturing Company (US)

  
  


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  Doran Scales, Inc. (US)

  
  


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  AVERY WEIGH TRONIX LLC (US)

  
  


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  Sartorius Group (Germany)

  
  


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  Shimadzu Corporation (Japan)

  
  


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  Bonso Electronics International Inc. (Hong Kong)

  
  


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  Tanita Corporation (Tokyo)

  
  

Electronic Weighing Scale Industry Developments

In June 2020, For applications requiring precision weighing, Mettler-Toledo has unveiled a new line of washdown-resistant checkweighers. This new series includes features including eliminating the risk of bacterial contamination, slanted surfaces to prevent debris and liquid buildup, and easily removable conveyor belts for effective cleaning.

In February 2020, D.C. Martin & Sons Scales Inc. was purchased by Mettler-Toledo because it is a supplier of industrial scales and weighing equipment. Through this acquisition, Mettler's company was reinforced and its range of scales was expanded.

In March 2019, Kern & Sohn GmbH has introduced a premium analytical balance with single-cell generation for quick and consistent weighing results. A vivid OLED display with a wide viewing angle is also included, as are USB connections for transferring weighing data to external devices.

Electronic Weighing Scale Market Segmentation:

Electronic Weighing Scale Market By Type Outlook

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  Table Top Scale

  
  


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  Platform Scale

  
  


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  Precision Scale

  
  


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  Pocket Scale

  
  

Electronic Weighing Scale Market By End-User Vertical Outlook

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  Industrial

  
  


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  Veterinary

  
  


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  Scientific/Laboratory

  
  


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  Jewelry

  
  


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  Food & Beverages

  
  


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  Health & Fitness

  
  


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  Industrial

  
  


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  Education

  
  

Electronic Weighing Scale Regional Outlook

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  North America

  
  

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    US

    
    
  
  
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    Canada

    
    
  
  
  
  

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  Europe

  
  

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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America