Belt Scales Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Published on : Mar-2019 | List of Tables : 129 | List of Figures : 87 | No. of Pages : 170 | Report Code : FACT2605MR | Format :

Global Belt Scales Market: Key Insights

belt scales market incremental opportunity assessment by region
  • A gradual surge in the industrial and manufacturing production, coupled with the growing demand for food upheld the growth of the belt scales market during the 2013-2018 period with the market registering a steady growth at 2.6%.
  • In 2018, the belt scales market was valued at over US$ 930 million and is likely to witness consistent growth at 3.3% CAGR during 2019-2027.
  • Europe will continue to be the largest market for belt scales market throughout the forecast period
  • South Asia and Oceania are expected to emerge as the fastest growing market for belt scales with mounting demand for conveyor belt scale systems in the booming industries and mining sectors of developing economies in the region.

Note: For more key insights into the belt scale market, request a sample.

What is Driving the Belt Scales Market?

  • Low operating costs, precision weighing mechanism, increased throughput, and high efficiency are making conveyor belt scales increasingly popular in the mining industry. Numerous companies are replacing conventional weighing mechanisms with conveyor belt scales to gain a competitive edge in the mining industry.
  • Innovative integrations being made to the conventional belt scale systems are providing additional value for industry-specific usage, a pervasive trend driving widespread adoption of belt scales in industries that are seeking cost-effective, precise, and efficient weighing solutions to boost throughput.
  • Rapid industrial growth and demand for bulk material handling and weighing is creating a demand for assembly line setup to boost throughput and reduce overhead costs, a trend which is likely to cause a surge in the demand for conveyor belt scale systems across industries.
  • Advancements in Industrial Internet of Things (IIoT) is 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.
  • Development of portable cleaning solutions for conveyor belt scale systems is likely to drive the demand in the food and beverages industries with stringent government regulations prompting companies to focus on the quality of the production environment.

Note: For detailed information on variegated factors driving the market growth, request a sample.

What are the Challenges Stakeholders in the Belt Scales Market need to Address?

  • High costs of belt scale systems, coupled with significant initial investments incurred for installation of the equipment in the facility is expected to dampen belt scales market growth during the forecast period. Although manufacturers are working towards streamlining manufacturing processes to reduce costs, the development and its eventual reflection on the belt scale pricing is likely to take substantial time.
  • The swiftly changing technological landscape is prompting companies to continuously upgrade the existing systems to maintain a competitive edge in the market. However, in case of belt scale systems, upgrading requires replacing the old belt scale systems with new ones while bearing huge costs. The factor is estimated to deter belt scale market growth in the foreseeable future.

Belt Scale Market – Competitive Landscape

  • To capitalize on the growing demand for conveyor belt scales in the mining industry, Sensortechnik, a leading player operating in the belt scales market launched the new H-Sensortechnik optical scale in 2018. The belt scale system leverages laser technology to calculate the volume of the material on the conveyor systems.
  • In order to enhance the speed of production and accuracy of measurement, a group of researchers developed a digital algorithm to filter out noise created by conveyor vibrations and products in motion. The study conducted concluded the digital algorithm could effectively measure the weight of items of different lengths which are transported on the conveyor in a random order.
  • In 2018, a conveyor belt scale system was designed specifically to measure the weight and flow rate of electronic components for instances where electromagnetic interferences could impact the readings. The novel belt scale system leverages fiber Bragg grating to accurately measure the weight of electronic components.
belt scales market player concentration map

Leading players operating in the belt scale market include Covey Weigh LLC, Thayer Scales Inc., Tecnetics Industries, Inc., Saimo Technology Pty Ltd, and Yamato Weighing & Information Technology.

Other players operating in the belt scales market include Siemens AG, Rice Lake Weighing System, FLSmidth & Co A/S, Merrick Industries, and Schenck Process.   

Note: Fact.MR research offers compelling insights into the competitive landscape of the global belt scales market. A summary of the report is available on request.

Additional Insight:

Burgeoning Demand for Conveyor Belt Scale Systems in Mining Industry to Uphold Growth

While belt scale systems find applications in an array of end-use industries such as food & beverages, cement, steel, energy & power, and logistics, demand for conveyor belt scale systems is surging in the mining industry. Mining industry relies heavily on weighing of material which is a key aspect for evaluating profitability. The conventional weighing systems lack the accuracy to precisely weigh bulk material and single scale used conventionally substantially reduces throughput and production. Conveyor belt scale systems using perceptive electronic components for measuring weights are providing mining companies with an efficient alternative to the conventional weighing systems. Additionally, the system does not require constant loading and unloading of materials for weighing which enables companies to save both time and costs.

In addition to this, belt scale systems are available in single idler and multi idler models and companies can also choose between light, moderate, and heavy models depending on the amount of weight to be measured.   

Research Methodology

An elaborate and robust method was employed to extract invaluable information about the belt scales market. A two-step research process involving primary and secondary researches was used to obtain actionable insights into the belt scales market.

belt scales market research methodology

Interviewing experts from the belt scales market formed the basis of the primary research while secondary research was conducted by thoroughly studying belt scales market trade journals, paid sources, and other publications related to the belt scales market. Results from both steps of the research were cross-referenced with each other to produce an authentic and accurate forecast of the belt scales market.

Scope of the Report

belt scales market taxonomy

Fact.MR recently launched a new report which provides valuable and actionable insights into the belt scales market. The report provides a comprehensive analysis of all the key factors influencing the growth of the belt scales market. A quantitative, as well as a qualitative analysis of the belt scales market, has been provided in the report. Additionally, all the micro and macroeconomic facets impacting the performance of the belt scales market have been analyzed in the report. A detailed opportunity assessment of the belt scales market has also been included in the report. In addition, a comprehensive analysis of the competitive landscape assessment of the belt scales market has been provided.

Chapter 1 – Global Belt Scales Market – Executive Summary

The report commences with an executive summary which provides brief yet affluent information about the belt scales market. Additionally, the chapter provides a brief overview of the market and opportunity assessment of the belt scales market.

Chapter 2 – Global Belt Scales Market Overview

A concrete definition of the belt scales market along with a comprehensive taxonomy of the market has been provided in the chapter. The chapter also sheds light on the key trends prevalent in the belt scales market and factors pivotal to obtaining success in the market.

Chapter 3 – Global Belt Scales Market Background

The chapter assesses the conveyor belts market and analyzes the influence it holds on the belt scales market. Additionally, all the key indicators such as technological developments, automation, and role of electromechanical devices in industries have been assessed in the chapter. The chapter also analyzes the key market drivers which impact the performance of the belt scales market. A comprehensive assessment of the cost structure, supply chain, and pricing has also been provided in the chapter.

Chapter 4 – Global Belt Scales Market Analysis and Forecast 2013-2027

The chapter provides a historical analysis of the belt scales market in addition to an authentic and accurate forecast. A detailed breakdown of the market on the basis of region, end-user industry, weighing capacity, and idler type has been provided in the chapter.

Chapter 5 - North America Belt Scales Market Analysis and Forecast 2013-2027

A brief introduction of the belt scales market prevalent in the North American region is provided at the beginning of the chapter. The ensuing segments of the chapter provide a historical analysis of the belt scales market performance in the region along with a forecast of the market on the basis of the segments identified earlier in the report.

Chapter 6 – Latin America Belt Scales Market Analysis and Forecast 2013-2027

The chapter commences with an introduction to the belt scales market prevalent in the Latin American region. In addition to this, the chapter provides a historical analysis of the belt scales market performance in the Latin American region. A forecast of the belt scales market has also been included in the chapter.

Chapter 7 – Europe Belt Scales Market Analysis and Forecast 2013-2027

A detailed analysis of the belt scales market prevalent in the European region on the basis of end-use industry, idler type, weighing capacity, and countries have been provided in the report.

Chapter 8 – East Asia Belt Scales Market Analysis and Forecast 2013-2027

The chapter provides a comprehensive assessment of the belt scales market prevalent in the East Asian region which includes a historical analysis as well as a forecast of the market on the basis of segments identified earlier in the report.

Chapter 9 – South Asia & Oceania Belt Scales Market Analysis and Forecast 2013-2027

A comprehensive analysis of the belt scales market prevalent in the South Asian & Oceania region has been provided in the chapter. The chapter includes a historical analysis of the belt scales market performance in the region along with a forecast of the market.   

Chapter 10 – MEA Belt Scales Market Analysis and Forecast 2013-2027

The chapter provides a detailed assessment of the belt scales market prevalent in MEA. A historical assessment of the belt scales market performance along with an authentic forecast of the market has been included in the chapter.

Chapter 11 – Emerging Countries Belt Scales Market Analysis and Forecast 2013-2027

The chapter identifies emerging countries that are could potentially offer lucrative opportunities to belt scale manufacturers. A detailed analysis of key factors impacting the belt scales market growth along with historical analysis and forecast of the market have been provided in the chapter.

Chapter 12 – Competition Analysis

The chapter provides detailed insights into the market share distribution between the different companies operating in the belt scales market. All the leading players operating in the belt scales market are identified in this chapter.

Chapter 13 – Company Profiles

A detailed profile of all the leading companies identified in the earlier chapter has been provided in the chapter. The individual profiling of each company sheds light on their strengths, weaknesses, strategies, product portfolios, market presence, revenue share, and global footprint. The information provided in the chapter can be leveraged to streamline strategies and gain maximum profitability.

Chapter 1 Global Belt Scales Market - Executive Summary
1.1 Belt Scales Market- Opportunity Assessment
1.2 Global Belt Scales Market Trends
1.1 Fortune Wheel – Opportunity Analysis

Chapter 2 Global Belt Scales Market Overview
2.1 Introduction
       2.1.1 Global Belt Scales Market Taxonomy
       2.1.2 Global Belt Scales Market Definition
2.2 Key Market Trends
2.3 Key Success Factors

Chapter 3 Global Belt Scales Market Background
3.1 Global Conveyor Belts Market Outlook
3.2 Key Indicator Assessment
       3.2.1 Technological innovations in Belt Scales
       3.2.2 Electro-mechanical device adoption rate by region
       3.2.3 Role of Electro-mechanical device in automation
       3.2.4 Top five reasons for automation
       3.2.5 Enterprises investment for process automation
3.3 Infrastructure Investment Macro-Economic Factors
       3.3.1 Global GDP Growth Outlook
       3.3.2 Global Industrial Automation Sector Outlook
               3.3.2.1 Potential of Automation in Industrial and Service Sector
               3.3.2.2 Estimated Incremental Opportunity for Industrial Automation between 2018 - 2025
               3.3.2.3 Opportunity by End Markets for Industrial Automation, 2018-2025
               3.3.2.4 Factors affecting the Pace and Extent of Automation
               3.3.2.5 Technological Advancements and Key Trends in Industrial Automation Activities
3.4 Global Belt Scales Market Dynamics
       3.4.1 Drivers
       3.4.2 Restrains
       3.4.3 Opportunities
3.5 Supply Chain
3.6 Cost Structure
3.7 Pricing Analysis
       3.7.1 Price Point Assessment by Region
       3.7.2 Price Point Assessment by Weighing Capacity Type
3.8 Key Participants Market Presence (Intensity Map) By Region

Chapter 4 Global Belt Scales Market Analysis and Forecast 2013-2027
4.1 Global Belt Scales Market Size (US$ Mn & Volume) and Forecast, 2013-2027
       4.1.1 Global Belt Scales Market Y-o-Y Growth
4.2 Global Belt Scales Market Size and Forecast, By Idler Type, 2013-2027
       4.2.1 Single Idler Market Size and Forecast, 2013-2027
               4.2.1.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.2.1.2 Market Share Comparison, By Region
               4.2.1.3 Y-o-Y growth Comparison, By Region
       4.2.2 Multi Idler Market Size and Forecast, 2013-2027
               4.2.2.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.2.2.2 Market Share Comparison, By Region
               4.2.2.3 Y-o-Y growth Comparison, By Region
4.3 Global Belt Scales Market Size and Forecast By Weighing Capacity, 2013-2027
       4.3.1 Light (Less than 1500 t/h) Market Size and Forecast, 2013-2027
               4.3.1.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.3.1.2 Market Share Comparison, By Region
               4.3.1.3 Y-o-Y growth Comparison, By Region
       4.3.2 Moderate (1500 - 5000 t/h) Market Size and Forecast, 2013-2027
               4.3.2.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.3.2.2 Market Share Comparison, By Region
               4.3.2.3 Y-o-Y growth Comparison, By Region
       4.3.3 Heavy (More than 5000 t/h) Market Size and Forecast, 2013-2027
               4.3.3.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.3.3.2 Market Share Comparison, By Region
               4.3.3.3 Y-o-Y growth Comparison, By Region
4.4 Global Belt Scales Market Size and Forecast By End-Use Industry, 2013-2027
       4.4.1 Mining Market Size and Forecast, 2013-2027
               4.4.1.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.1.2 Market Share Comparison, By Region
               4.4.1.3 Y-o-Y growth Comparison, By Region
       4.4.2 Food & Beverages Market Size and Forecast, 2013-2027
               4.4.2.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.2.2 Market Share Comparison, By Region
               4.4.2.3 Y-o-Y growth Comparison, By Region
       4.4.3 Cement Market Size and Forecast, 2013-2027
               4.4.3.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.3.2 Market Share Comparison, By Region
               4.4.3.3 Y-o-Y growth Comparison, By Region
       4.4.4 Steel Market Size and Forecast, 2013-2027
               4.4.4.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.4.2 Market Share Comparison, By Region
               4.4.4.3 Y-o-Y growth Comparison, By Region
       4.4.5 Logistics Market Size and Forecast, 2013-2027
               4.4.5.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.5.2 Market Share Comparison, By Region
               4.4.5.3 Y-o-Y growth Comparison, By Region
       4.4.6 Energy & Power Market Size and Forecast, 2013-2027
               4.4.6.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.6.2 Market Share Comparison, By Region
               4.4.6.3 Y-o-Y growth Comparison, By Region
       4.4.7 Others Market Size and Forecast, 2013-2027
               4.4.7.1 Revenue (US$ Mn) & Volume Comparison, By Region
               4.4.7.2 Market Share Comparison, By Region
               4.4.7.3 Y-o-Y growth Comparison, By Region

Chapter 5 North America Belt Scales Market Size and Forecast, 2013-2027
5.1 Introduction
5.2 Revenue (US$ Mn) & Volume Comparison, By Country
5.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
5.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
5.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 6 Latin America Belt Scales Market Size and Forecast, 2013-2027
6.1 Introduction
6.2 Revenue (US$ Mn) & Volume Comparison, By Country
6.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
6.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
6.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 7 Europe Belt Scales Market Size and Forecast, 2013-2027
7.1 Introduction
7.2 Revenue (US$ Mn) & Volume Comparison, By Country
7.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
7.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
7.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 8 East Asia Belt Scales Market Size and Forecast, 2013-2027
8.1 Introduction
8.2 Revenue (US$ Mn) & Volume Comparison, By Country
8.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
8.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
8.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 9 SOUTH ASIA & OCEANIA Belt Scales Market Size and Forecast, 2013-2027
9.1 Introduction
9.2 Revenue (US$ Mn) & Volume Comparison, By Country
9.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
9.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
9.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 10 MEA Belt Scales Market Size and Forecast, 2013-2027
10.1 Introduction
10.2 Revenue (US$ Mn) & Volume Comparison, By Country
10.3 Revenue (US$ Mn) & Volume Comparison, By Idler Type
10.4 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
10.5 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 11 Emerging Countries Belt Scales Market Analysis 2013-2018 and Forecast 2019-2027
11.1 Introduction
       11.1.1 Global Market Value Proportion Analysis
       11.1.2 Global Vs Country Growth Comparison
11.2 China Belt Scales Market Analysis
       11.2.1 Introduction
       11.2.2 Revenue (US$ Mn) & Volume Comparison, By Idler Type
       11.2.3 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
       11.2.4 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry
11.3 India Belt Scales Market Analysis
       11.3.1 Introduction
       11.3.2 Revenue (US$ Mn) & Volume Comparison, By Idler Type
       11.3.3 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
       11.3.4 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry
11.4 Mexico Belt Scales Market Analysis
       11.4.1 Introduction
       11.4.2 Revenue (US$ Mn) & Volume Comparison, By Idler Type
       11.4.3 Revenue (US$ Mn) & Volume Comparison, By Weighing Capacity
       11.4.4 Revenue (US$ Mn) & Volume Comparison, By End-Use Industry

Chapter 12 Competition Analysis
12.1 Global Belt Scales Market Competition - a Dashboard View
12.2 Global Belt Scales Market Structure
12.3 Investments For Automation

Chapter 13 Company Profiles
13.1 Siemens AG
13.2 FLSmidth & Co. A/S
13.3 Schenck Process Holding GmbH
13.4 Merrick Industries Inc
13.5 Yamato Scale
13.6 Rice Lake Weighing System
13.7 ConveyWeigh, LLC
13.8 OJ:s Vågsystem AB
13.9 Control Systems Technology
13.10 Thayer Scale-Hyer Industries, Inc.
13.11 Tecnetics Industries, Inc.
13.12 Saimo Technology Pty Ltd.

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Belt Scales Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027