+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Laboratory Balances and Scales - Global Market Trajectory & Analytics

  • ID: 338887
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • A&D Company Ltd
  • Avery Weigh-Tronix LLC
  • Contech Instruments Ltd
  • OHAUS Corporation
  • Sartorius AG
  • Setra Systems Inc.
Global Laboratory Balances and Scales Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Laboratory Balances and Scales estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Pharma & Biotech, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$471.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Academia segment is readjusted to a revised 1.8% CAGR for the next 7-year period.





The U.S. Market is Estimated at $319.7 Million, While China is Forecast to Grow at 4.6% CAGR

The Laboratory Balances and Scales market in the U.S. is estimated at US$319.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$279 Million by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Food Segment to Record 3.3% CAGR

In the global Food segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$53.6 Million in the year 2020 will reach a projected size of US$65 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$190 Million by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 25 Featured):
  • A&D Company Ltd
  • Adam Equipment Co. Ltd
  • Avery Weigh-Tronix LLC
  • Bonso Electronics International Inc.
  • CAS - USA Corp
  • Contech Instruments Ltd
  • Kern & Sohn GmbH
  • Mettler Toledo International Inc.
  • OHAUS Corporation
  • Panomex Inc.
  • RADWAG Balances and Scales
  • Sartorius AG
  • Scientech Inc.
  • Setra Systems Inc.
  • Shimadzu UK Limited
Frequently Asked Questions about the Global Market for Laboratory Balances and Scales

What is the estimated value of the Global Market for Laboratory Balances and Scales?

The Global Market for Laboratory Balances and Scales was estimated to be valued at $1.2 Billion in 2020.

What is the growth rate of the Global Market for Laboratory Balances and Scales?

The growth rate of the Global Market for Laboratory Balances and Scales is 2.2%, with an estimated value of $1.4 Billion by 2027.

What is the forecasted size of the Global Market for Laboratory Balances and Scales?

The Global Market for Laboratory Balances and Scales is estimated to be worth $1.4 Billion by 2027.

Who are the key companies in the Global Market for Laboratory Balances and Scales?

Key companies in the Global Market for Laboratory Balances and Scales include A&D Company Ltd, Adam Equipment Co. Ltd, Avery Weigh, Tronix LLC, Bonso Electronics International Inc., CAS, USA Corp, Contech Instruments Ltd and Mettler Toledo International Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A&D Company Ltd
  • Avery Weigh-Tronix LLC
  • Contech Instruments Ltd
  • OHAUS Corporation
  • Sartorius AG
  • Setra Systems Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Balances and Scales: Essential Equipment for Accurate & Reliable Lab Operations
  • Recent Market Activity
  • Bright Prospects Ahead for Laboratory Balances and Scales Market
  • Developed Regions: Primary Consumers of Laboratory Balances and Scales
  • Fast Paced Growth on the Cards in Developing Regions
  • Key Factors Influencing Demand for Laboratory Technologies in Developing Regions
  • A Growing Biotech Sector
  • Rising Healthcare Awareness
  • Increased Access to Healthcare
  • Proliferation of Medical Tourism
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • A&D Company Ltd. (Japan)
  • Adam Equipment Co. Ltd. (UK)
  • Bonso Electronics International, Inc. (Hong Kong)
  • Contech Instruments Ltd. (India)
  • Gram Precision S.L (Spain)
  • Kern & Sohn GmbH (Germany)
  • Mettler Toledo International, Inc. (USA)
  • OHAUS Corporation (USA)
  • Panomex, Inc. (India)
  • RADWAG Balances and Scales (Poland)
  • Sartorius AG (Germany)
  • Scientech, Inc. (USA)
  • Setra Systems Inc. (USA)
  • Shimadzu UK Ltd. (UK)

3. MARKET TRENDS & DRIVERS
  • Pharmaceutical Industry: Largest End-User of Lab Balances & Scales
  • Increased Spending in Pharmaceutical R&D Sector - Opportunity for Lab Balances & Scales Market
  • Analytical Balance - A Vital Cog in Pharmaceutical Lab Operations
  • Pharmaceutical Compounding - High Significance of Precision Lab Balances
  • Revised Weighing Guidelines Aim at Reducing Unwarranted Testing
  • Food Industry: Rising Significance of Lab Balances for Regulatory Compliance & Food Safety
  • Forensic Laboratories - An Emerging & Promising Application Market for Lab Balances
  • Chemistry Labs Rely on Balances and Scales for Efficient Operations
  • Balances and Scales Remain Highly Relevant in Cosmetic Labs
  • Reliability, Durability & Precision - Key Factors Considered in Purchasing Decisions of Customers
  • Technological Advancements Causing Surge in Replacement Demand
  • Sales of New and Improved Models on Northbound Trajectory
  • Regular Maintenance & Calibration: Keys to an Effective Lab Balance
  • Calibration: An Often Overlooked but Vital Necessity
  • Uptrend in Academic Research Sector to Foster Demand for Laboratory Balances and Scales
  • High Significance of Lab Balances & Scales in Food Safety Testing
  • Software-Enabled Balances and Scales: High in Demand

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 25
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • A&D Company Ltd
  • Adam Equipment Co. Ltd
  • Avery Weigh-Tronix LLC
  • Bonso Electronics International Inc.
  • CAS - USA Corp
  • Contech Instruments Ltd
  • Kern & Sohn GmbH
  • Mettler Toledo International Inc.
  • OHAUS Corporation
  • Panomex Inc.
  • RADWAG Balances and Scales
  • Sartorius AG
  • Scientech Inc.
  • Setra Systems Inc.
  • Shimadzu UK Limited
Note: Product cover images may vary from those shown