The resurgence of the industrial manufacturing sector resulting in increased industrial output and consequent demand for industrial weighing equipment is expected to drive demand for load cells globally. In addition, heightened investments in industrial automation technologies and steady growth in demand from load monitoring applications is expected to further drive market demand during the forecast period 2022 - 2030. These factors are expected to contribute towards a CAGR of 4.1% during the forecast period 2022- 2030. Rigid construction and costly signal conditioning electronics are some of the major challenges faced by the load cell manufactures and designers across the globe.
As of 2021, oil and gas, industrial manufacturing, and transportation represented major application segments in the global load cells market. The drive towards industrial automation to enhance productivity and reduce lead time is expected to boost demand for load cell-based industrial and material handling machinery. On the other hand, healthcare and aerospace segments are poised to witness healthy growth in demand over the forecast period. The use of load cells of different shapes and sizes in surgical robots is expected to augment their capabilities, thereby extending the reach of surgical procedures. In addition to surgical robots, load cell are expected to witness growing application in hemodialysis machines wide range of preventive medical equipment in the coming years. In case of aerospace applications, load cells are used for both design and testing across different phases of aircraft engineering.
As of 2021, Europe led the overall load cells market worldwide followed by North America and Asia Pacific respectively. Europe accounted for around 32% of the global market revenue in the same year. The market for load cells in Europe is majorly concentrated in Western Europe with countries including Germany, the U.K., and France determining the overall market trend in the region. The dominance of the region shall be credited to the presence of large base of industrial sector that cater to material handling activities. On the other hand, demand from end-use sectors including healthcare and aerospace is expected to drive demand for load cells in North America. Asia Pacific is presumed to emerge as the most lucrative regional load cells market worldwide, offering significant investment and growth opportunities for participants across the value chain.
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.
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As of 2021, oil and gas, industrial manufacturing, and transportation represented major application segments in the global load cells market. The drive towards industrial automation to enhance productivity and reduce lead time is expected to boost demand for load cell-based industrial and material handling machinery. On the other hand, healthcare and aerospace segments are poised to witness healthy growth in demand over the forecast period. The use of load cells of different shapes and sizes in surgical robots is expected to augment their capabilities, thereby extending the reach of surgical procedures. In addition to surgical robots, load cell are expected to witness growing application in hemodialysis machines wide range of preventive medical equipment in the coming years. In case of aerospace applications, load cells are used for both design and testing across different phases of aircraft engineering.
As of 2021, Europe led the overall load cells market worldwide followed by North America and Asia Pacific respectively. Europe accounted for around 32% of the global market revenue in the same year. The market for load cells in Europe is majorly concentrated in Western Europe with countries including Germany, the U.K., and France determining the overall market trend in the region. The dominance of the region shall be credited to the presence of large base of industrial sector that cater to material handling activities. On the other hand, demand from end-use sectors including healthcare and aerospace is expected to drive demand for load cells in North America. Asia Pacific is presumed to emerge as the most lucrative regional load cells market worldwide, offering significant investment and growth opportunities for participants across the value chain.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.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 Load Cells 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 Load Cells market and their expected impact during the forecast period.
Market Segmentation
Type
- S-type
- Single-point
- Shear-beam
- Others
End-use
- Automotive and Transportation
- Oil and Gas
- Healthcare
- Industrial Manufacturing and Material Handling
- Defense and Aerospace
- Construction
- Others (Mining, etc.)
Technology
- Digital
- Analog
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Load Cells 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 2030.
- 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 Load Cells market?
- Which is the largest regional market for Load Cells 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 Load Cells market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Load Cells market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Load Cells Market
2.2. Global Load Cells Market, By Type, 2021 (US$ Million)
2.3. Global Load Cells Market, By End-use, 2021 (US$ Million)
2.4. Global Load Cells Market, By Technology, 2021 (US$ Million)
2.5. Global Load Cells Market, By Geography, 2021 (US$ Million)
2.6. Impact of Covid 19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Load Cells Market Vendors
2.8.2. Strategies Adopted by Load Cells Market Vendors
2.8.3. Key Industry Strategies
3. Load Cells Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Load Cells Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Load Cells Market: By Type, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. S-type
4.3.2. Single-point
4.3.3. Shear-beam
4.3.4. Others
5. Load Cells Market: By End-use, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Automotive and Transportation
5.3.2. Oil and Gas
5.3.3. Healthcare
5.3.4. Industrial Manufacturing and Material Handling
5.3.5. Defense and Aerospace
5.3.6. Construction
5.3.7. Others (Mining, etc.)
6. Load Cells Market: By Technology, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Digital
6.3.2. Analog7. North America Load Cells Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Load Cells Market: By Type, 2020-2030, USD (Million)
7.3. Load Cells Market: By End-use, 2020-2030, USD (Million)
7.4. Load Cells Market: By Technology, 2020-2030, USD (Million)
7.5.Load Cells Market: By Region, 2020-2030, USD (Million)
7.5.1.North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Load Cells Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Load Cells Market: By Type, 2020-2030, USD (Million)
8.3. Load Cells Market: By End-use, 2020-2030, USD (Million)
8.4. Load Cells Market: By Technology, 2020-2030, USD (Million)
8.5.Load Cells Market: By Region, 2020-2030, USD (Million)
8.5.1.UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Load Cells Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Load Cells Market: By Type, 2020-2030, USD (Million)
9.3. Load Cells Market: By End-use, 2020-2030, USD (Million)
9.4. Load Cells Market: By Technology, 2020-2030, USD (Million)
9.5.Load Cells Market: By Region, 2020-2030, USD (Million)
9.5.1.Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Load Cells Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Load Cells Market: By Type, 2020-2030, USD (Million)
10.3. Load Cells Market: By End-use, 2020-2030, USD (Million)
10.4. Load Cells Market: By Technology, 2020-2030, USD (Million)
10.5.Load Cells Market: By Region, 2020-2030, USD (Million)
10.5.1.Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Load Cells Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Load Cells Market: By Type, 2020-2030, USD (Million)
11.3. Load Cells Market: By End-use, 2020-2030, USD (Million)
11.4. Load Cells Market: By Technology, 2020-2030, USD (Million)
11.5.Load Cells Market: By Region, 2020-2030, USD (Million)
11.5.1.Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profile
12.1. Vishay Precision Group Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. OMEGA Engineering Inc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. FUTEK Advanced Sensor Technology Inc.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Hottinger Baldwin Messtechnik GmbH
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Flintec Group AB
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Thames Side Sensors Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Yamato Scale Co. Ltd.
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Novatech Measurements Ltd.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Mettler Toledo International Inc.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Precia Molen
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Zhonghang Electronic Measuring Instruments Co. Ltd
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
List of Figures
Figure 1. Global Load Cells Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Load Cells Market: Quality Assurance
Figure 5 Global Load Cells Market, By Type, 2021
Figure 6 Global Load Cells Market, By End-use, 2021
Figure 7 Global Load Cells Market, By Technology, 2021
Figure 8 Global Load Cells Market, By Geography, 2021
Figure 9 Global Load Cells Market, By Type, 2021 Vs 2030, %
Figure 10 Global Load Cells Market, By End-use, 2021 Vs 2030, %
Figure 11 Global Load Cells Market, By Technology, 2021 Vs 2030, %
Figure 12 U.S. Load Cells Market (US Million), 2020 - 2030
Figure 13 Canada Load Cells Market (US Million), 2020 - 2030
Figure 14 Rest of North America Load Cells Market (US Million), 2020 - 2030
Figure 15 UK Load Cells Market (US Million), 2020 - 2030
Figure 16 Germany Load Cells Market (US Million), 2020 - 2030
Figure 17 Spain Load Cells Market (US Million), 2020 - 2030
Figure 18 Italy Load Cells Market (US Million), 2020 - 2030
Figure 19 France Load Cells Market (US Million), 2020 - 2030
Figure 20 Rest of Europe Load Cells Market (US Million), 2020 - 2030
Figure 21 China Load Cells Market (US Million), 2020 - 2030
Figure 22 Japan Load Cells Market (US Million), 2020 - 2030
Figure 23 India Load Cells Market (US Million), 2020 - 2030
Figure 24 Australia Load Cells Market (US Million), 2020 - 2030
Figure 25 South Korea Load Cells Market (US Million), 2020 - 2030
Figure 26 Rest of Asia Load Cells Market (US Million), 2020 - 2030
Figure 27 Brazil Load Cells Market (US Million), 2020 - 2030
Figure 28 Mexico Load Cells Market (US Million), 2020 - 2030
Figure 29 Rest of Latin America Load Cells Market (US Million), 2020 - 2030
Figure 30 GCC Load Cells Market (US Million), 2020 - 2030
Figure 31 Africa Load Cells Market (US Million), 2020 - 2030
Figure 32 Rest of Middle East and Africa Load Cells Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Load Cells Market By Type, 2020-2030, USD (Million)
Table 2 Global Load Cells Market By End-use, 2020-2030, USD (Million)
Table 3 Global Load Cells Market By Technology, 2020-2030, USD (Million)
Table 4 North America Load Cells Market By Type, 2020-2030, USD (Million)
Table 5 North America Load Cells Market By End-use, 2020-2030, USD (Million)
Table 6 North America Load Cells Market By Technology, 2020-2030, USD (Million)
Table 7 UK and European Union Load Cells Market By Type, 2020-2030, USD (Million)
Table 8 UK and European Union Load Cells Market By End-use, 2020-2030, USD (Million)
Table 9 UK and European Union Load Cells Market By Technology, 2020-2030, USD (Million)
Table 10 Asia Pacific Load Cells Market By Type, 2020-2030, USD (Million)
Table 11 Asia Pacific Load Cells Market By End-use, 2020-2030, USD (Million)
Table 12 Asia Pacific Load Cells Market By Technology, 2020-2030, USD (Million)
Table 13 Latin America Load Cells Market By Type, 2020-2030, USD (Million)
Table 14 Latin America Load Cells Market By End-use, 2020-2030, USD (Million)
Table 15 Latin America Load Cells Market By Technology, 2020-2030, USD (Million)
Table 16 Middle East and Africa Load Cells Market By Type, 2020-2030, USD (Million)
Table 17 Middle East and Africa Load Cells Market By End-use, 2020-2030, USD (Million)
Table 18 Middle East and Africa Load Cells Market By Technology, 2020-2030, USD (Million)
Companies Mentioned
- Vishay Precision Group Inc.
- OMEGA Engineering Inc.
- FUTEK Advanced Sensor Technology Inc.
- Hottinger Baldwin Messtechnik GmbH
- Flintec Group AB
- Thames Side Sensors Ltd.
- Yamato Scale Co. Ltd.
- Novatech Measurements Ltd.
- Mettler Toledo International Inc.
- Precia Molen
- Zhonghang Electronic Measuring Instruments Co. Ltd.
