Belt Scales Market
Belt Scales Market Analysis By Idler Type (Single Idler, Multi Idler), By Weighing Capacity (Light (Less than 1,500 t/h), Moderate (1,501 to 5,000 t/h), Heavy (More than 5,001)), By End-use Industry (Mining, Food & Beverages, Cement, Steel, Logistics, Energy & Power) and Region - Global Market Insights 2023 to 2033
Analysis of Belt Scales Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Belt Scales Market Outlook (2023 to 2033)
As per the latest estimates, the global belt scales market is valued at US$ 1.18 billion in 2023 and is forecasted to reach US$ 1.62 billion by the end of 2033. Worldwide belt scale shipments are predicted to rise at 3.2% CAGR over the next ten years.
A belt scale is an industrial equipment that is used to gauge and measure the flow rate or weight of material travelling on a moving conveyer belt. Belt scales are extensively used in industries dealing with massive amounts of material and require precise weighing capabilities. Food and beverages, mining, pharmaceuticals, etc. are prime industry verticals where demand for belt scales is high.
Here are some pros of deploying belt scale systems that could show companies how they could benefit from these systems.
- Cost reduction
- Improved accuracy and efficiency
- Regulatory Compliance
- Data-driven decision making
- Easy and simple integration
- Streamlined workflow
Belt scale vendors are focusing on developing advanced systems that can easily be integrated with modern infrastructure to facilitate automation and improve the overall efficiency of manufacturing operations.
- In March 2022, Fairbanks Scales Inc., a United States-based company known for manufacturing weighing equipment, announced the launch of FB9000 Series conveyer belt scales. The new range is an easy-to-install weighing solution for idler-type in-motion conveying applications of different industry verticals.
Rapid industrialization around the world, increasing emphasis on cost reduction in the manufacturing sector, and implementation of stringent regulatory mandates are major prospects that could augment belt scales market revenue share going forward.
Global surge in the demand for food owing to the rising population is a key prospect driving the food and beverages industry, which is also a major end-use vertical where belt scale machines are used extensively. Growing mining operations around the world to meet demands from different industries are also promulgating the sales of belt scale equipment over the next ten years.
Advancements in the Industrial Internet of Things (IIoT) are allowing end-use industries to optimize belt scale performance, reduce downtime, increase throughput, collect data, and automate industrial processes through continuous remote monitoring. The greater control over operations is, in turn, encouraging the adoption of belt scale systems in an assortment of industrial sectors.
On the flip side, high initial costs of installation and purchase for belt scales are anticipated to be major constraints inhibiting manufacturers from attaining maximum revenue generation. Swiftly changing technological landscape in the industrial sector renders old belt scale systems obsolete and replacing them costs a fortune, which is also predicted to impede market growth in the long run.
Belt Scales Market Size (2023)
US$ 1.18 Billion
Projected Market Value (2033F)
US$ 1.62 Billion
Global Market Growth Rate (2023 to 2033)
Leading Regional Market
Key Companies Profiled
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Which Region Holds Sway Over the Global Belt Scales Marketplace?
“Europe Accounts for Dominant Market Share at Present”
European countries have been investing in infrastructure development activities, which has resulted in increased construction activities and thereby promoting the use of belt scales across the complete supply and demand chain. The increasing adoption of Industry 4.0 and automation trends in different industrial establishments in Europe are also predicted to promulgate shipments of belt scales over the next ten years.
Implementation of stringent sustainability mandates by governments of European countries to maximize efficiency and reduce the environmental impact of manufacturing activities are also slated to benefit belt scale sales in the long run.
- In 2020, Karlsruhe Institute of Technology (KIT), Germany, collaborated with the European Federation of Material Handling (FEM) to develop a common standard for the energy consumption forecast of material handling equipment.
Germany, France, the United Kingdom, and Switzerland are estimated to be highly attractive spaces in the European region throughout the forecast period and beyond. The presence of robust automotive manufacturing and food and beverages industry in Europe is also slated to bolster market growth in the future.
A detailed and exhaustive analytical account of factors such as product standards, safety regulations, pricing trends, and new developments, which sheds light on how the belt scales market is performing in various regions has been mentioned in this revised belt scales market survey by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Which Asian Countries are Opportune Markets for Belt Scale Suppliers?
“China, India – Countries Offering Investment-worthy Opportunities”
Rapid industrialization and urbanization are projected to act as influential catalysts for belt scale demand in the majority of Asian countries in the future. Growing investments in infrastructure development, supportive government initiatives to promote manufacturing, and an increasing number of Western companies setting up manufacturing facilities in countries such as India and China to benefit from cheap labor and cheap raw materials are also anticipated to open up new avenues of opportunities in the Asia Pacific region across the forecast period.
Japan and South Korea are other markets in this region that also exhibit lucrative growth potential and are rife with moneymaking opportunities. The growing adoption of automation in industries in the APAC region is also slated to boost sales of belt scales over the next ten years.
How Does This Fact.MR Research Portray the United States Market?
“Rapid Adoption of Automation and Industry 4.0 Trends Boosting Belt Scale Deployment”
The United States has always been a quick adopter of advanced technologies and this trend is also true when it comes to automation and smart factories. The growing focus of companies on maximizing efficiency and productivity in the country coupled with the high availability of modern belt scales are also anticipated to bolster market growth in the country going forward.
The government of the United States is trying to reduce its reliance on imports and this is projected to create a robust uproar in the industrial manufacturing sector, which will subsequently drive belt scales sales through 2033 and beyond. Moreover, the growing demand for remotely operated industrial equipment is also anticipated to improve the sales outlook for belt scale suppliers in the country.
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Which Industry Offers Highly Attractive Future Business Scope?
“Burgeoning Demand for Conveyer Belt Scale Systems in Mining Industry”
Based on end-use industry, the belt scales market is segmented into mining, food & beverages, cement, steel, logistics, energy & power, and others.
The mining industry has been growing rapidly in recent years and this trend is projected to influentially augment demand for belt scales over the coming years. Determining the weight of mined materials plays a crucial role in evaluating the profitability of the mining business, which is why belt scales are being deployed extensively in this industry. Conveyer belt scale systems are estimated to be highly popular in mining applications throughout the forecast period and beyond.
Market SWOT Analysis
High initial investment
Maintenance & calibration requirements
Process automation capabilities
Limited awareness among end users
Integration with IoT and Industry 4.0 technologies
Untapped markets in developing economies
Know thy Competitors
Competitive landscape highlights only certain players
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Belt scale manufacturers should focus on investing in research and development to incorporate and integrate advanced technologies that support automation and other Industry 4.0 trends. These efforts could lead to the enhancement of the functionality and value proposition of new belt scales and thereby attract more customers improving revenue generation potential. However, this strategy would be more effective in developed economies as compared to developing economies.
Entering emerging economies with novel offerings could potentially offer highly remunerative business opportunities for belt scale suppliers over the coming years. Also, if companies can offer customized solutions in these markets, then that would be the icing on the cake and pay off big time in the long run. Belt scale vendors can also benefit from supportive government initiatives in these emerging economies to maximize their revenue generation potential going forward.
Belt scale suppliers are focusing on launching new belt scales to satisfy the rising demand from different industry verticals.
- In September 2021, Thayer Scale, a renowned continuous weighing equipment manufacturer, announced the launch of a new hygienic weigh feeder. The solution is specifically designed to offer a flow rate measurement as per enhanced food safety processing standards.
Key Segments of Belt Scales Industry Research
By Idler Type :
- Single Idler
- Multi Idler
By Weighing Capacity :
- Light (Less than 1,500 t/h)
- Moderate (1,501 to 5,000 t/h)
- Heavy (More than 5,001 t/h)
By End-use Industry :
- Food & Beverages
- Energy & Power
By Region :
- North America
- Latin America
- FAQs -
The global belt scales market is estimated at US$ 1.18 billion in 2023.
Belt scale market revenue is anticipated to reach US$ 1.62 billion by the end of 2033.
Belt scale shipments are predicted to rise at 3.2% CAGR from 2023 to 2033.
The mining industry is estimated to account for a majority of belt scale sales through 2033.
Siemens AG, FLSmidth & Co. A/S, Schenck Process Holding GmbH, Merrick Industries Inc., and Yamato Scale are leading suppliers of belt scales.
At present, belt scale sales in Europe account for a prominent share of the global market.