The global laboratory balance and scales market was valued at $1.1 million in 2021, and is projected to reach $1.6 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.
Laboratory balances and scales are used as the weighing equipment for the analytical and quantitative testing. These are used to determine the mass of the product or sample. The types of formulation that can be weighed over the balance include liquid, solid, tissues, and powder. The weighing balances that are used for measurement include both mechanical balances and electrical or digital type balance. The main applications of the laboratory balances and scales include quality control, testing and even manufacturing of the products. The balances can be of several types like analytical balance, precision balance, moisture balance and micro balance. The readability of each type of balance varies from the other balance with application in laboratories and authorities. For instance, the readability of the analytical balance has a range between 0.1mg to 0.01mg. The major functions which these laboratory balances and scales are in tablet counting, prescription dosage preparation and percent calculation of the different ratios of samples to be used.
The growth of the laboratory balance and scales market is driven by increase in number of research and development activities, increase in the expenditure on the research and development by the government research laboratories and private organizations and increase in the technological advancements of the laboratory balances & scale and increase the number of research laboratories. Moreover, increase in the research pipeline among the pharmaceutical and biotechnology research organizations and growing awareness about strictness in the research analysis like the slightest change in room temperature can cause noticeable changes in the weight of the sample. Hence, the strict temperature controls are needed to give accurate results of the experiments by proper weighing the materials which further increase. Moreover, the federally funded R&D at universities increased by 3.7% to $46.2 billion in 2020. This total was $1.7 billion greater than in 2019. However, the availability of a smaller number of options for the balances and scales among the organizations is expected to hinder the growth of the market.
The global laboratory balance and scales market is segmented into product type, end user and region. On the basis of product type, the market is classified into micro balance, analytical balance, compact scale, precision balance, moisture balance and others. On the basis of end user, the market is classified into pharmaceutical, cosmeceutical, biotechnology product testing laboratories, chemical & material testing laboratories, food & beverage testing laboratories and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include A&D Holon Holding Company Ltd., Adam Equipment Ltd., Essae Group, Kern & Sogn GmbH, Metler Toledo international, Inc., , PCE Instruments, Radwag Balances and Scales, Sartorius AG, Schimadzu Corporation, Scientech Inc.
Laboratory balances and scales are used as the weighing equipment for the analytical and quantitative testing. These are used to determine the mass of the product or sample. The types of formulation that can be weighed over the balance include liquid, solid, tissues, and powder. The weighing balances that are used for measurement include both mechanical balances and electrical or digital type balance. The main applications of the laboratory balances and scales include quality control, testing and even manufacturing of the products. The balances can be of several types like analytical balance, precision balance, moisture balance and micro balance. The readability of each type of balance varies from the other balance with application in laboratories and authorities. For instance, the readability of the analytical balance has a range between 0.1mg to 0.01mg. The major functions which these laboratory balances and scales are in tablet counting, prescription dosage preparation and percent calculation of the different ratios of samples to be used.
The growth of the laboratory balance and scales market is driven by increase in number of research and development activities, increase in the expenditure on the research and development by the government research laboratories and private organizations and increase in the technological advancements of the laboratory balances & scale and increase the number of research laboratories. Moreover, increase in the research pipeline among the pharmaceutical and biotechnology research organizations and growing awareness about strictness in the research analysis like the slightest change in room temperature can cause noticeable changes in the weight of the sample. Hence, the strict temperature controls are needed to give accurate results of the experiments by proper weighing the materials which further increase. Moreover, the federally funded R&D at universities increased by 3.7% to $46.2 billion in 2020. This total was $1.7 billion greater than in 2019. However, the availability of a smaller number of options for the balances and scales among the organizations is expected to hinder the growth of the market.
The global laboratory balance and scales market is segmented into product type, end user and region. On the basis of product type, the market is classified into micro balance, analytical balance, compact scale, precision balance, moisture balance and others. On the basis of end user, the market is classified into pharmaceutical, cosmeceutical, biotechnology product testing laboratories, chemical & material testing laboratories, food & beverage testing laboratories and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include A&D Holon Holding Company Ltd., Adam Equipment Ltd., Essae Group, Kern & Sogn GmbH, Metler Toledo international, Inc., , PCE Instruments, Radwag Balances and Scales, Sartorius AG, Schimadzu Corporation, Scientech Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laboratory balances and scales market analysis from 2021 to 2031 to identify the prevailing laboratory balances and scales market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laboratory balances and scales market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laboratory balances and scales market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Micro balance
- Analytical Balances
- Compact Scale
- Precision Balances
- Moisture Balances
- Others
By End users
- Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories
- Chemical and Material Testing laboratories
- Food and Beverage testing Laboratories
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- A&D Holon Holdings
- Essae Group
- Kern & Sohn GmbH
- PCE Holding GmbH
- Scientech Inc
- Sartorius AG
- Radwag Balances and Scales
- Adam Equipment Co
- Mettler Toledo international Inc
- Shimadzu Corporation
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rapid increase in research and development experiments
3.4.1.2. Rise in the technological advancements in the laboratory balances and scales
3.4.1.3. Increase in the applications of laboratory balance and scales
3.4.2. Restraints
3.4.2.1. The need of high level of safety standards in the laboratories
3.4.3. Opportunities
3.4.3.1. Increase in demand for improved laboratory efficiency and need for accuracy in results
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LABORATORY BALANCES AND SCALES MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Micro balance
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Analytical Balances
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Compact Scale
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Precision Balances
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Moisture Balances
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7. Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country
CHAPTER 5: LABORATORY BALANCES AND SCALES MARKET, BY END USERS
5.1 Overview
5.1.1 Market size and forecast
5.2. Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Chemical and Material Testing laboratories
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Food and Beverage testing Laboratories
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Other
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: LABORATORY BALANCES AND SCALES MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Product Type
6.2.3 North America Market size and forecast, by End users
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Product Type
6.2.4.1.3 Market size and forecast, by End users
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Product Type
6.2.4.2.3 Market size and forecast, by End users
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Product Type
6.2.4.3.3 Market size and forecast, by End users
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Product Type
6.3.3 Europe Market size and forecast, by End users
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Product Type
6.3.4.1.3 Market size and forecast, by End users
6.3.4.2 France
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Product Type
6.3.4.2.3 Market size and forecast, by End users
6.3.4.3 UK
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Product Type
6.3.4.3.3 Market size and forecast, by End users
6.3.4.4 Italy
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Product Type
6.3.4.4.3 Market size and forecast, by End users
6.3.4.5 Spain
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Product Type
6.3.4.5.3 Market size and forecast, by End users
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Product Type
6.3.4.6.3 Market size and forecast, by End users
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Product Type
6.4.3 Asia-Pacific Market size and forecast, by End users
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Product Type
6.4.4.1.3 Market size and forecast, by End users
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Product Type
6.4.4.2.3 Market size and forecast, by End users
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Product Type
6.4.4.3.3 Market size and forecast, by End users
6.4.4.4 Australia
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Product Type
6.4.4.4.3 Market size and forecast, by End users
6.4.4.5 South Korea
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Product Type
6.4.4.5.3 Market size and forecast, by End users
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Product Type
6.4.4.6.3 Market size and forecast, by End users
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Product Type
6.5.3 LAMEA Market size and forecast, by End users
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Product Type
6.5.4.1.3 Market size and forecast, by End users
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Product Type
6.5.4.2.3 Market size and forecast, by End users
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Product Type
6.5.4.3.3 Market size and forecast, by End users
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Product Type
6.5.4.4.3 Market size and forecast, by End users
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1 A&D Holon Holdings
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 Essae Group
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Kern & Sohn GmbH
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 PCE Holding GmbH
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 Scientech Inc
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Sartorius AG
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 Radwag Balances and Scales
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Adam Equipment Co
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 Mettler Toledo international Inc
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 Shimadzu Corporation
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments
List of Tables
Table 1. Global Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 2. Laboratory Balances and Scales Market for Micro Balance, by Region, 2021-2031 (Revenue, $Million)
Table 3. Laboratory Balances and Scales Market for Analytical Balances, by Region, 2021-2031 (Revenue, $Million)
Table 4. Laboratory Balances and Scales Market for Compact Scale, by Region, 2021-2031 (Revenue, $Million)
Table 5. Laboratory Balances and Scales Market for Precision Balances, by Region, 2021-2031 (Revenue, $Million)
Table 6. Laboratory Balances and Scales Market for Moisture Balances, by Region, 2021-2031 (Revenue, $Million)
Table 7. Laboratory Balances and Scales Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 8. Global Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 9. Laboratory Balances and Scales Market for Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories, by Region, 2021-2031 (Revenue, $Million)
Table 10. Laboratory Balances and Scales Market for Chemical and Material Testing Laboratories, by Region, 2021-2031 (Revenue, $Million)
Table 11. Laboratory Balances and Scales Market for Food and Beverage Testing Laboratories, by Region, 2021-2031 (Revenue, $Million)
Table 12. Laboratory Balances and Scales Market for Other, by Region, 2021-2031 (Revenue, $Million)
Table 13. Laboratory Balances and Scales Market, by Region, 2021-2031 (Revenue, $Million)
Table 14. North America Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 15. North America Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 16. North America Laboratory Balances and Scales Market, by Country, 2021-2031 (Revenue, $Million)
Table 17. U.S. Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 18. U.S. Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 19. Canada Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 20. Canada Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 21. Mexico Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 22. Mexico Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 23. Europe Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 24. Europe Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 25. Europe Laboratory Balances and Scales Market, by Country, 2021-2031 (Revenue, $Million)
Table 26. Germany Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 27. Germany Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 28. France Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 29. France Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 30. UK Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 31. UK Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 32. Italy Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 33. Italy Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 34. Spain Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 35. Spain Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 36. Rest of Europe Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 37. Rest of Europe Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 38. Asia-Pacific Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 39. Asia-Pacific Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 40. Asia-Pacific Laboratory Balances and Scales Market, by Country, 2021-2031 (Revenue, $Million)
Table 41. China Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 42. China Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 43. Japan Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 44. Japan Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 45. India Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 46. India Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 47. Australia Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 48. Australia Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 49. South Korea Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 50. South Korea Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 51. Rest of Asia-Pacific Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 52. Rest of Asia-Pacific Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 53. LAMEA Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 54. LAMEA Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 55. LAMEA Laboratory Balances and Scales Market, by Country, 2021-2031 (Revenue, $Million)
Table 56. Brazil Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 57. Brazil Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 58. Saudi Arabia Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 59. Saudi Arabia Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 60. South Africa Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 61. South Africa Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 62. Rest of LAMEA Laboratory Balances and Scales Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 63. Rest of LAMEA Laboratory Balances and Scales Market, by End-users, 2021-2031 (Revenue, $Million)
Table 64. A&D Holon Holdings: Key Executives
Table 65. A&D Holon Holdings: Company Snapshot
Table 66. A&D Holon Holdings: Operating Segments
Table 67. A&D Holon Holdings: Product Portfolio
Table 68. A&D Holon Holdings: Net Sales
Table 69. A&D Holon Holdings: Key Stratergies
Table 70. Essae Group: Key Executives
Table 71. Essae Group: Company Snapshot
Table 72. Essae Group: Operating Segments
Table 73. Essae Group: Product Portfolio
Table 74. Essae Group: Net Sales
Table 75. Essae Group: Key Stratergies
Table 76. Kern & Sohn Gmbh: Key Executives
Table 77. Kern & Sohn Gmbh: Company Snapshot
Table 78. Kern & Sohn Gmbh: Operating Segments
Table 79. Kern & Sohn Gmbh: Product Portfolio
Table 80. Kern & Sohn Gmbh: Net Sales
Table 81. Kern & Sohn Gmbh: Key Stratergies
Table 82. Pce Holding Gmbh: Key Executives
Table 83. Pce Holding Gmbh: Company Snapshot
Table 84. Pce Holding Gmbh: Operating Segments
Table 85. Pce Holding Gmbh: Product Portfolio
Table 86. Pce Holding Gmbh: Net Sales
Table 87. Pce Holding Gmbh: Key Stratergies
Table 88. Scientech Inc: Key Executives
Table 89. Scientech Inc: Company Snapshot
Table 90. Scientech Inc: Operating Segments
Table 91. Scientech Inc: Product Portfolio
Table 92. Scientech Inc: Net Sales
Table 93. Scientech Inc: Key Stratergies
Table 94. Sartorius Ag: Key Executives
Table 95. Sartorius Ag: Company Snapshot
Table 96. Sartorius Ag: Operating Segments
Table 97. Sartorius Ag: Product Portfolio
Table 98. Sartorius Ag: Net Sales
Table 99. Sartorius Ag: Key Stratergies
Table 100. Radwag Balances and Scales: Key Executives
Table 101. Radwag Balances and Scales: Company Snapshot
Table 102. Radwag Balances and Scales: Operating Segments
Table 103. Radwag Balances and Scales: Product Portfolio
Table 104. Radwag Balances and Scales: Net Sales
Table 105. Radwag Balances and Scales: Key Stratergies
Table 106. Adam Equipment Co: Key Executives
Table 107. Adam Equipment Co: Company Snapshot
Table 108. Adam Equipment Co: Operating Segments
Table 109. Adam Equipment Co: Product Portfolio
Table 110. Adam Equipment Co: Net Sales
Table 111. Adam Equipment Co: Key Stratergies
Table 112. Mettler Toledo International Inc: Key Executives
Table 113. Mettler Toledo International Inc: Company Snapshot
Table 114. Mettler Toledo International Inc: Operating Segments
Table 115. Mettler Toledo International Inc: Product Portfolio
Table 116. Mettler Toledo International Inc: Net Sales
Table 117. Mettler Toledo International Inc: Key Stratergies
Table 118. Shimadzu Corporation: Key Executives
Table 119. Shimadzu Corporation: Company Snapshot
Table 120. Shimadzu Corporation: Operating Segments
Table 121. Shimadzu Corporation: Product Portfolio
Table 122. Shimadzu Corporation: Net Sales
Table 123. Shimadzu Corporation: Key Stratergies
List of Figures
Figure 1. Segmentation of Laboratory Balances and Scales Market, 2021-2031
Figure 2. Laboratory Balances and Scales Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Laboratory Balances and Scales Market: Drivers, Restraints and Opportunities
Figure 10. Laboratory Balances and Scales Market, by Product Type, 2021 (%)
Figure 11. Comparative Share Analysis of Micro Balance Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Analytical Balances Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Compact Scale Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Precision Balances Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Moisture Balances Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Others Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 17. Laboratory Balances and Scales Market, by End-users, 2021 (%)
Figure 18. Comparative Share Analysis of Pharmaceutical, Cosmeceutical, and Biotechnology Products Testing Laboratories Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Chemical and Material Testing Laboratories Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Food and Beverage Testing Laboratories Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Other Laboratory Balances and Scales Market, 2021 and 2031 (%)
Figure 22. Laboratory Balances and Scales Market by Region, 2021
Figure 23. U.S. Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 24. Canada Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 25. Mexico Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 26. Germany Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 27. France Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 28. UK Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 29. Italy Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 30. Spain Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 32. China Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 33. Japan Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 34. India Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 35. Australia Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 36. South Korea Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 38. Brazil Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 39. Saudi Arabia Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 40. South Africa Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 41. Rest of LAMEA Laboratory Balances and Scales Market, 2021-2031 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Top Player Positioning, 2021
Figure 49. A&D Holon Holdings.: Net Sales ($Million)
Figure 50. Essae Group.: Net Sales ($Million)
Figure 51. Kern & Sohn Gmbh.: Net Sales ($Million)
Figure 52. Pce Holding Gmbh.: Net Sales ($Million)
Figure 53. Scientech Inc.: Net Sales ($Million)
Figure 54. Sartorius Ag.: Net Sales ($Million)
Figure 55. Radwag Balances and Scales.: Net Sales ($Million)
Figure 56. Adam Equipment Co.: Net Sales ($Million)
Figure 57. Mettler Toledo International Inc.: Net Sales ($Million)
Figure 58. Shimadzu Corporation.: Net Sales ($Million)
Executive Summary
According to the report titled, “Laboratory Balances and Scales Market," The laboratory balances and scales market was valued at $1.1 billion in 2021, and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.Laboratory balances and scales are used as the weighing equipment for the analytical and quantitative testing. These are used to determine the mass of the product or sample. The types of formulation that can be weighed over the balance include liquid, solid, tissues, and powder. The weighing balances that are used for measurement include both mechanical balances and electrical or digital type balance.
Key factors driving the growth of the laboratory balance and scales market include increase in number of research activities as it may increase the adoption of balance to measure the weight of the ingredients, rise in the number of laboratory testing procedures, increase in demand for balance and scales devices in the laboratories and increase in the technological advancements of the balance devices to increase the adoption of the devices. Moreover, surge in food, drug & cosmetic products testing, increase in the growth of biotechnology laboratories in developed and developing countries, rise in awareness about food safety and increase in healthcare expenditure help boost the growth of the market. However, availability of a smaller number of options for the balances and scales among the organizations and increase in costs of the devices are expected to hinder the growth of the market.
The market also offers growth opportunities to the key players in the market. The target organizations are in obvious need of the devices in the region like Europe and Asia-Pacific. Hence, the demand for the technologically advanced devices provides the growth opportunities. The online device delivery services have gained high traction in the last 4 years. The growth of such platforms is further accelerated by the COVID-19 pandemic thereby increasing the growth of the market.
The global laboratory balance and scales market is segmented into product type, end user and region. On the basis of product type, the market is classified into micro balance, analytical balance, compact scale, precision balance, moisture balance and others. On the basis of end user, the market is classified into pharmaceutical, cosmeceutical, biotechnology product testing laboratories, chemical & material testing laboratories, food & beverage testing laboratories and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include A&D Holon Holding Company Ltd., Adam Equipment Ltd., Essae Group, Kern & Sogn GmbH, Metler Toledo international, Inc., PCE Instruments, Radwag Balances and Scales, Sartorius AG, Schimadzu Corporation, Scientech Inc. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in March 2019, Sartorius, a leading international supplier for the biopharmaceutical industry, announced the launch of the CubisII portfolio of balances for Randamp;D and analytical laboratories. It offered the best-in-class performance including high capacity, excellent readability, robust stability and accuracy for all sample types.
Key Market Insights (Updated)
- By product type, the analytical balances segment was the highest revenue contributor to the market and is estimated to continue this during the analysis period, with a CAGR of 5.3%. Moreover, the analytical balances segment is estimated to be the fastest-growing segment with a CAGR of 5.3% during the forecast period.
- Based on end user, the pharmaceutical, cosmeceutical, biotechnology product testing laboratories segment was the highest revenue contributor to the market with a CAGR of 4.7% during the forecast period.
- Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 5.7% during the forecast period.
Companies Mentioned
- A&D Holon Holdings
- Essae Group
- Kern & Sohn GmbH
- PCE Holding GmbH
- Scientech Inc
- Sartorius AG
- Radwag Balances and Scales
- Adam Equipment Co
- Mettler Toledo international Inc
- Shimadzu Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 218 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1.1 million |
| Forecasted Market Value ( USD | $ 1.6 million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
