Weighing equipment form one of the most integral parts of the overall industrial ecosystem. These equipment find role right from the raw materials to the delivery of finished products. Weighing equipment typically comprises a weighing platform, sensors for the electronic scales (lever in case of mechanical scales) and display. The market growth is largely driven by the need for faster, accurate and more reliable weighing solutions. Consequently, weighing equipment manufacturers are increasingly focusing delivering high-performance, convenient weighing equipment incorporating feature such as counting and check-weighing. Weighing equipment is commonly used across aerospace, automotive, medical, mining, recycling and other end-user industries.

The most significant factor fueling the market growth is the steadily recovering industrial manufacturing sector worldwide. Increasing international trade and transportation & logistics industry is another major factor bolstering the market growth. Further, due to increase in regulations over mass determination by organizations such as SOLAS is estimated to significantly drive the industrial weighing equipment market in the coming years. Shippers are expected to raise their investment in weighing equipment with an aim of complying with the standards and ensure on-time delivery of goods. Major concern for the manufacturers is high lifespan expectancy from their consumers. This ultimately results into lesser number of units sold.

The report titled “Global Industrial Weighing Equipment Market- Growth, Share, Opportunities and Competitive Analysis, 2021 – 2029” offers strategic insights into the global industrial weighing equipment market along with the market size and estimates (in revenue and volume) for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on product types, industry verticals and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading industrial weighing equipment vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Avery Weigh-Tronix, LLC, A&D Weighing, Bilwinco AS, SCI Precision Ltd., Thompson Scale Company, Siemens AG, Rice Lake, Ramsey Scales, Spectris Plc. (HBM), Mettler-Toledo, Sartorius AG and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the industrial weighing equipment industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 – 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global industrial weighing equipment market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

The overall industrial weighing equipment market is dominated by the industrial manufacturing and transportation & logistics segment. The segments collectively contribute to more than forty percent of the total revenue generated worldwide. Due to steady signs of recovery in the global manufacturing sector, the segment is estimated to continue observing significant growth during the forecast period. The industrial manufacturing sector is majorly supported by Asia Pacific and Europe regions.

The industrial weighing equipment market is significantly dependent upon the regulations enforced on the transportation industry. As per the new regulation enforced by SOLAS, transporters will now have to verify the weight of goods before shipping. This is estimated to generate significant demand from the transportation and logistics sector in the coming years.

The overall industrial weighing equipment market is dominated, in terms of revenue and volume, by the Asia Pacific region. Due to strong industrial manufacturing and transportation sector in countries such as China, Japan and India, the segment is estimated to retain its dominant position in the market throughout the forecast period.

The industrial weighing equipment market is substantially dependent on the number of manufacturing plants and transportation hubs in a region. Asia Pacific accounts for the largest number of manufacturing facilities as well as transportation hubs making the market lucrative in the coming years as well.

Further, Europe follows the industrial weighing equipment market in Asia Pacific, in terms of revenue and volume. The market here is majorly governed by the Western Europe countries. Latin America and Middle East & Africa too are estimated to emerge lucrative during the forecast period. This is attributed to growing trade and manufacturing sector of the regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Weighing Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Industrial Weighing Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Industrial Weighing Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Industrial Weighing Equipment market?
• Which is the largest regional market for Industrial Weighing Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Industrial Weighing Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Weighing Equipment market worldwide?