The electronic weighing machines market size has grown strongly in recent years. It will grow from $3.86 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period can be attributed to industrial automation, quality control standards, market expansion in retail, global trade and logistics, and efficiency in production processes.
The electronic weighing machines market size is expected to see strong growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to e-commerce and retail innovation, sustainability and eco-friendly solutions, regulatory compliance, customization for specific industries, and data analytics and reporting features. Major trends in the forecast period include integration with Industry 4.0, advancements in sensor technology, technological advancements, connectivity and data logging, and compact and portable solutions.
Anticipated substantial growth in the retail industry is expected to drive the expansion of the electronic weighing machine market in the foreseeable future. The retail industry, focused on selling goods and services to consumers, extensively utilizes electronic weighing machines to measure the weight of various products. As an example, in December 2023, data from the U.S. Census Bureau, a US-based government agency, indicated a 0.1% increase in retail trade sales compared to October 2023, showcasing a notable 3.1% surge from the figures reported in 2022. Consequently, the significant upswing in retail sales is identified as a key driver for the growth of the electronic weighing machine market.
The anticipated growth in the electronic weighing machine market is expected to be propelled by the expanding industrial and manufacturing sectors. The industrial and manufacturing sectors collectively encompass segments of the economy engaged in the production of goods through various processes, often involving machinery, technology, and labor. The global expansion of these sectors contributes to the increasing demand for electronic weighing machines in tasks such as inventory management, quality control, and production processes. As an illustration, in December 2023, data from the Federal Reserve Board, a US-based central bank, revealed a 0.2% increase in industrial production in November 2023, with manufacturing output experiencing a 0.3% rise. Consequently, the growth in the industrial and manufacturing sectors is identified as a key driver for the electronic weighing machine market.
Product innovations emerge as a prominent trend gaining traction in the electronic weighing machine market. Leading companies in the industry are actively introducing innovative products to cater to customer demands. As an example, in November 2021, Mettler-Toledo, a US-based manufacturer specializing in scales and analytical instruments, unveiled a new electronic weighing machine called the BPA121 Portable Scale. Specifically designed for the food processing industries, this portable scale stands out for its suitability in extremely moist environments. Engineered to endure damp and challenging conditions, the product provides exceptional protection against water penetration and humidity.
Major companies in the electronic weighing machine market are engaging in strategic partnerships to foster the development of new products and fortify their market positions. Strategic partnerships involve companies leveraging each other’s strengths and resources to achieve mutual benefits and success. An illustrative example is the collaboration between Woolworths, an Australia-based supermarket chain, and Tiliter Pty Ltd., an Australia-based AI tech company. In June 2022, they joined forces to introduce 'Artificially Intelligent (AI) Scales.' These scales aim to enhance the in-store shopping experience by providing improved accessibility and convenience for customers. Through this partnership, a growing number of Australian shoppers can now seamlessly integrate innovative AI technology into their daily routines, akin to using their smartphones.
In April 2023, Rice Lake Weighing Systems, a US-based manufacturer of weight-related products, completed the acquisition of Healthweigh healthcare scales, a division of Shekel Scales, for an undisclosed amount. This strategic move by Rice Lake Weighing Systems is aimed at integrating cutting-edge technology with healthcare systems, providing innovative weighing solutions for patient care across all life stages. Through this acquisition, both companies anticipate enhancing their product selection and expanding customer services. Shekel Scales Ltd., based in Israel, is recognized for its expertise in manufacturing high-performance and precision technology weighing scales.
Major companies operating in the electronic weighing machines market report are Kubota Corporation, Sartorius AG, Setra Systems Inc., Shimadzu Corporation, Mettler-Toledo International Inc., Avery Weigh-Tronix LLC., Fairbanks Scales Inc., Cardinal Scale Manufacturing Company, Flintec Group AB, Toledo Weighing Machines Pvt. Ltd., Precia Molen, Rice Lake Weighing Systems Inc., Essae-Teraoka Pvt. Ltd., Tanita Corporation, Contech Instruments Ltd., Minebea Intec, Rinstrum Pty Ltd., Dini Argeo S.r.l., A&D Company Limited, Bonso Electronics International Inc., Kern & Sohn GmbH, Adam Equipment Inc., Ohaus Corporation, Marsden Weighing Group, Brash & Sons Ltd., ATRAX Group NZ Ltd., Doran Scales Inc., Easiweigh Ltd., Truweigh LLC, Aczet Pvt. Ltd., Hottinger Baldwin Messtechnik GmbH.
Asia-Pacific was the largest region in the electronic weighing machine market in 2023. The regions covered in the electronic weighing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic weighing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electronic weighing machines come in various types, including laboratory scales, gem and jewelry scales, retail scales, health scales, kitchen scales, and others. Laboratory scales are designed to measure the weight of a sample and are offered in different scales, including Table Top, Personnel, Electronic Crane, Electronic Platform, Pocket Electronic, and Table Electronic. These machines are distributed through both online and offline channels.
The electronic weighing machine market research report is one of a series of new reports that provides electronic weighing machine market statistics, including global market size, regional shares, competitors with an electronic weighing machine market share, detailed electronic weighing machine market segments, market trends and opportunities, and any further data you may need to thrive in the electronic weighing machine industry. This electronic weighing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The electronic weighing machine market consists of sales of tabletop scales, platform scales, precision scales, and pocket scales among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The electronic weighing machines market size is expected to see strong growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to e-commerce and retail innovation, sustainability and eco-friendly solutions, regulatory compliance, customization for specific industries, and data analytics and reporting features. Major trends in the forecast period include integration with Industry 4.0, advancements in sensor technology, technological advancements, connectivity and data logging, and compact and portable solutions.
Anticipated substantial growth in the retail industry is expected to drive the expansion of the electronic weighing machine market in the foreseeable future. The retail industry, focused on selling goods and services to consumers, extensively utilizes electronic weighing machines to measure the weight of various products. As an example, in December 2023, data from the U.S. Census Bureau, a US-based government agency, indicated a 0.1% increase in retail trade sales compared to October 2023, showcasing a notable 3.1% surge from the figures reported in 2022. Consequently, the significant upswing in retail sales is identified as a key driver for the growth of the electronic weighing machine market.
The anticipated growth in the electronic weighing machine market is expected to be propelled by the expanding industrial and manufacturing sectors. The industrial and manufacturing sectors collectively encompass segments of the economy engaged in the production of goods through various processes, often involving machinery, technology, and labor. The global expansion of these sectors contributes to the increasing demand for electronic weighing machines in tasks such as inventory management, quality control, and production processes. As an illustration, in December 2023, data from the Federal Reserve Board, a US-based central bank, revealed a 0.2% increase in industrial production in November 2023, with manufacturing output experiencing a 0.3% rise. Consequently, the growth in the industrial and manufacturing sectors is identified as a key driver for the electronic weighing machine market.
Product innovations emerge as a prominent trend gaining traction in the electronic weighing machine market. Leading companies in the industry are actively introducing innovative products to cater to customer demands. As an example, in November 2021, Mettler-Toledo, a US-based manufacturer specializing in scales and analytical instruments, unveiled a new electronic weighing machine called the BPA121 Portable Scale. Specifically designed for the food processing industries, this portable scale stands out for its suitability in extremely moist environments. Engineered to endure damp and challenging conditions, the product provides exceptional protection against water penetration and humidity.
Major companies in the electronic weighing machine market are engaging in strategic partnerships to foster the development of new products and fortify their market positions. Strategic partnerships involve companies leveraging each other’s strengths and resources to achieve mutual benefits and success. An illustrative example is the collaboration between Woolworths, an Australia-based supermarket chain, and Tiliter Pty Ltd., an Australia-based AI tech company. In June 2022, they joined forces to introduce 'Artificially Intelligent (AI) Scales.' These scales aim to enhance the in-store shopping experience by providing improved accessibility and convenience for customers. Through this partnership, a growing number of Australian shoppers can now seamlessly integrate innovative AI technology into their daily routines, akin to using their smartphones.
In April 2023, Rice Lake Weighing Systems, a US-based manufacturer of weight-related products, completed the acquisition of Healthweigh healthcare scales, a division of Shekel Scales, for an undisclosed amount. This strategic move by Rice Lake Weighing Systems is aimed at integrating cutting-edge technology with healthcare systems, providing innovative weighing solutions for patient care across all life stages. Through this acquisition, both companies anticipate enhancing their product selection and expanding customer services. Shekel Scales Ltd., based in Israel, is recognized for its expertise in manufacturing high-performance and precision technology weighing scales.
Major companies operating in the electronic weighing machines market report are Kubota Corporation, Sartorius AG, Setra Systems Inc., Shimadzu Corporation, Mettler-Toledo International Inc., Avery Weigh-Tronix LLC., Fairbanks Scales Inc., Cardinal Scale Manufacturing Company, Flintec Group AB, Toledo Weighing Machines Pvt. Ltd., Precia Molen, Rice Lake Weighing Systems Inc., Essae-Teraoka Pvt. Ltd., Tanita Corporation, Contech Instruments Ltd., Minebea Intec, Rinstrum Pty Ltd., Dini Argeo S.r.l., A&D Company Limited, Bonso Electronics International Inc., Kern & Sohn GmbH, Adam Equipment Inc., Ohaus Corporation, Marsden Weighing Group, Brash & Sons Ltd., ATRAX Group NZ Ltd., Doran Scales Inc., Easiweigh Ltd., Truweigh LLC, Aczet Pvt. Ltd., Hottinger Baldwin Messtechnik GmbH.
Asia-Pacific was the largest region in the electronic weighing machine market in 2023. The regions covered in the electronic weighing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic weighing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electronic weighing machines come in various types, including laboratory scales, gem and jewelry scales, retail scales, health scales, kitchen scales, and others. Laboratory scales are designed to measure the weight of a sample and are offered in different scales, including Table Top, Personnel, Electronic Crane, Electronic Platform, Pocket Electronic, and Table Electronic. These machines are distributed through both online and offline channels.
The electronic weighing machine market research report is one of a series of new reports that provides electronic weighing machine market statistics, including global market size, regional shares, competitors with an electronic weighing machine market share, detailed electronic weighing machine market segments, market trends and opportunities, and any further data you may need to thrive in the electronic weighing machine industry. This electronic weighing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The electronic weighing machine market consists of sales of tabletop scales, platform scales, precision scales, and pocket scales among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary2. Electronic Weighing Machines Market Characteristics3. Electronic Weighing Machines Market Trends and Strategies32. Global Electronic Weighing Machines Market Competitive Benchmarking33. Global Electronic Weighing Machines Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electronic Weighing Machines Market
4. Electronic Weighing Machines Market - Macro Economic Scenario
5. Global Electronic Weighing Machines Market Size and Growth
6. Electronic Weighing Machines Market Segmentation
7. Electronic Weighing Machines Market Regional and Country Analysis
8. Asia-Pacific Electronic Weighing Machines Market
9. China Electronic Weighing Machines Market
10. India Electronic Weighing Machines Market
11. Japan Electronic Weighing Machines Market
12. Australia Electronic Weighing Machines Market
13. Indonesia Electronic Weighing Machines Market
14. South Korea Electronic Weighing Machines Market
15. Western Europe Electronic Weighing Machines Market
16. UK Electronic Weighing Machines Market
17. Germany Electronic Weighing Machines Market
18. France Electronic Weighing Machines Market
19. Italy Electronic Weighing Machines Market
20. Spain Electronic Weighing Machines Market
21. Eastern Europe Electronic Weighing Machines Market
22. Russia Electronic Weighing Machines Market
23. North America Electronic Weighing Machines Market
24. USA Electronic Weighing Machines Market
25. Canada Electronic Weighing Machines Market
26. South America Electronic Weighing Machines Market
27. Brazil Electronic Weighing Machines Market
28. Middle East Electronic Weighing Machines Market
29. Africa Electronic Weighing Machines Market
30. Electronic Weighing Machines Market Competitive Landscape and Company Profiles
31. Electronic Weighing Machines Market Other Major and Innovative Companies
35. Electronic Weighing Machines Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Electronic Weighing Machines Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on electronic weighing machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for electronic weighing machines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Laboratory Scale; Gem and Jewelry Scale; Retail Scale; Health Scale; Kitchen Scale; Other Types
2) By Distribution Channel: Online; Offline
Key Companies Mentioned: Kubota Corporation; Sartorius AG; Setra Systems Inc.; Shimadzu Corporation; Mettler-Toledo International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kubota Corporation
- Sartorius AG
- Setra Systems Inc.
- Shimadzu Corporation
- Mettler-Toledo International Inc.
- Avery Weigh-Tronix LLC.
- Fairbanks Scales Inc.
- Cardinal Scale Manufacturing Company
- Flintec Group AB
- Toledo Weighing Machines Pvt. Ltd.
- Precia Molen
- Rice Lake Weighing Systems Inc.
- Essae-Teraoka Pvt. Ltd.
- Tanita Corporation
- Contech Instruments Ltd.
- Minebea Intec
- Rinstrum Pty Ltd
- Dini Argeo S.r.l.
- A&D Company Limited
- Bonso Electronics International Inc.
- Kern & Sohn GmbH
- Adam Equipment Inc.
- Ohaus Corporation
- Marsden Weighing Group
- Brash & Sons Ltd.
- ATRAX Group NZ Ltd.
- Doran Scales Inc.
- Easiweigh Ltd.
- Truweigh LLC
- Aczet Pvt. Ltd.
- Hottinger Baldwin Messtechnik GmbH
Methodology
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