Electronic Weighing Machines Market
Electronic Weighing Machines Market Analysis By Type (Laboratory Scales, Retail Scales, Gem & Jewelry Scales, Kitchen Scales, Health Scales, Others), By Distribution Channel (Online, Offline) and By Region – Global Market Insights 2023 to 2033
Analysis of Electronic Weighing Machines Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electronic Weighing Machines Market Outlook (2023 to 2033)
Recently released data from Fact.MR reveals that the global electronic weighing machines market is projected to advance at a CAGR of 3.2% during the assessment period (2023 to 2033). Global demand for electronic weighing machines stands at a market valuation of US$ 4.2 billion in 2023 and is thus expected to reach US$ 5.8 billion by the end of 2033.
Accuracy, portability, durability, ease of calibration, and reliability are some features of electronic weighing machines, which are contributing to their increased sales. Increased penetration and acceptance of electronic weighing machines among the global population are attributed to these very features.
Rising technological developments in laboratory scales and balances along with increasing requirements to maintain procedure precision is expected to boost demand for electronic weighing machines in residential and commercial sectors in the coming decade. In recent years, there is a significant increase in economic activities around the world, which is somehow estimated to put an impact on the demand for electronic weighing machines.
Demand for weighing scales is anticipated to increase in the forecasted period as they contain a wide variety of units, which are required for measurement purposes. These units help scales to measure and translate weights into various other units, including ounces and grams. Therefore, the abovementioned factors are projected to propel the demand for electronic weighing machines compared to conventional ones.
An increase in business activities is projected to accelerate demand for electronic weighing machines for multiple purposes around the world. Consumers appreciate the NCWM (National Conference on Weights and Measures), the NTEP (National Type Evaluation Program), and the NIST (National Institute of Standards and Technology), which are some popular certificates and are preferred by consumers when buying electronic weighing machines.
A shortage of electricity in developing and underdeveloped countries around the world is estimated to limit the adoption of electronic weighing machines. Further, the high maintenance cost of these machines is also predicted to adversely impact their demand growth.
Fact.MR, a provider of market research and competitive intelligence, in its newly published research report on the electronic weighing machines market, offers a comprehensive analysis of various aspects. Regional analysis, growth drivers, market trends, growth restraints, and various other aspects are also provided in detail in this research report.
Market Size in 2023
US$ 4.2 Billion
Forecasted Market Value (2033)
US$ 5.8 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of Retail Scales (2022)
Share of Asia Pacific Market (2022)
North America Market Growth Rate (2023 to 2033)
Key Companies Profiled
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Why are Sales of Electronic Weighing Machines Increasing Globally?
“Growing Automation in Several Industries Boosting Demand for Electronic Weighing Machines”
In recent years, there is a significant increase in the adoption of automation in various industries, which is predicted to have a direct impact on the demand for electronic weighing machines. Higher labor costs and problems related to manual weighing machines are estimated to boost sales of electronic weighing machines globally in the coming years.
Electronic weighing machines are automatic, which is helpful to reduce the time, which is required for weighing operations. Moreover, every sector requires electronic weighing machines for different purposes, which is predicted to contribute to their increased sales. The rising use of these machines for testing and measurement of materials in enterprises is also predicted to boost their sales.
“Product Innovation Contributing to Popularity of Electronic Weighing Scales”
Innovations in industry products are one of the key trends, which is contributing to the increased popularity of electronic weighing machines. Key market companies are introducing products to match consumer requirements.
For instance :
- Mettler-Toledo is a manufacturer from the United States, which produces analytical instruments and scales. In November 2021, the company launched BPA121 Portable Scale, which is an electronic weighing machine. This portable scale is specially created for use in the food processing sectors. It is an appropriate solution for moist environments and offers protection against humidity and water penetration.
“Increasing Population of Health-Consciousness People Stimulating Demand for Electronic Weighing Machines”
People across the globe are gaining awareness about their health. The rising cases of obesity and similar weight-related disorders are anticipated to propel the demand for electronic weighing machines among health-conscious people. They can easily keep a track of their weight while consuming weight-management beverages, weight-management packaged food, etc.
Which Aspects are Expected to Impede Electronic Weighing Machine Demand Growth?
“Shortage of Electricity in Several Developing Economies Limiting Adoption of Electronic Weighing Machines”
One of the key factors that are impeding market growth opportunities is the requirement for electricity to operate these products. Without electricity, it is entirely impossible to use electronic weighing machines. Moreover, developing and underdeveloped economies around the world are facing a shortage of electricity, which is estimated to result in the reduced adoption of electronic weighing machines.
“Higher Cost of Maintenance of Electronic Weighing Scales”
Users of electronic weighing machines need to invest a handsome amount in their maintenance. Their high prices compared to conventional and manual weighing machines are estimated to create challenges for suppliers of electronic weighing machines in developing economies in the coming years.
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What are New Companies Focusing On?
“Increased Production of Cost-efficient Electronic Weighing Machines”
Companies that are trying to enter the market need to invest in the development of cost-effective electronic weighing machines. The development of more accurate and precise electronic weighing scales by start-ups is projected to open up new opportunities for them in the forecasted period.
Which Regions Have a Wide Scope for Electronic Weighing Machine Applications?
“Asia Pacific Dominating Market, North America Rapidly Growing Market”
Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa are some prominent regions, which are contributing to global market revenue share. Among these, Asia Pacific held around 36% share of the global market revenue in 2022 and is expected to continue its dominance in the forecasted period.
This dominance is attributed to the growing demand for electronic weighing machines there. Increasing health awareness and a high number of laboratories and retail stores in the Asia Pacific region are also contributing to market growth there.
Demand for electronic weighing machines in North America is anticipated progress at a CAGR of 3.3% through 2033 owing to their growing demand from the households sector. Moreover, the vast pharmaceutical sector and strong retail channels are predicted to contribute to increased sales of electronic weighing machines.
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Why are Sales of Electronic Weighing Machines Rising Rapidly in the United States?
“Presence of Huge Pharmaceutical Companies Fueling Demand for Electronic Weighing Machines”
Rising automation in different industries in the United States is expected to boost demand for electronic weighing machines there. The presence of vast pharmaceuticals in the United States along with strong retail channels is predicted to drive lucrative opportunities for industry players there. The rising demand for electronic weighing scales is also attributed to the growing inclination among American to keep a track of their weight.
How is the Market for Electronic Weighing Machines Faring in the Retail Sector?
“Growing Count of Retail Stores and Rising Urbanization Bolstering Demand for Retail Scales”
Based on type, the global market is classified into laboratory scales, retail scales, gem & jewelry scales, kitchen scales, health scales, and others. Based on revenue share, the retail scales segment held 33% of the global revenue share in 2022. A growing number of retail stores along with increasing urbanization are predicted to contribute to increased demand for retail scales around the world.
Why are Offline Sales of Electronic Weighing Machines Still higher?
“Convenience and Physical Support in Offline Distribution Channels”
Offline and online are the two distribution channels, which are used for the delivery of electronic weighing machines. The offline channels held around 90% revenue share of the global market in 2022. Supermarkets, hypermarkets, specialty stores, and distributors are some commonly preferred distribution channels for product delivery.
Consumers prefer to purchase electronic weighing machines from offline stores as they can check the functionality and quality of products before buying. Moreover, offline stores also provide after-sales support related to product issues. It is easier to interact with the respective person about guarantees or warranties.
The online segment is projected to advance at a CAGR of 3.5% from 2023 to 2033. These product delivery channels are primarily hosted by businesses, which are into e-Commerce. Convenience in shopping, availability of various offers, etc. are provided by online channels that too while staying in the comfort of your home.
Key Market Players
Key suppliers of electronic weighing machines spend a significant amount on promotional activities along with strengthening their systems for supply chain management. Efficient supply channels ensure the safe and timely delivery of products to their respective users. Regulatory bodies from the target industry implemented guidelines to minimize environmental impacts and for product standards.
Key providers of electronic weighing machines are involved in numerous growth strategies, including product development, mergers, acquisitions, etc. to create new growth avenues.
For instance :
- Mettler-Toledo, in June 2020, introduced a new series to provide a more precise weighing facility, which is a washdown-resistant check weigher. Sloped surfaces to discourage liquid and debris collection, avoid bacterial contamination risks, etc. features are included in this new series, while conveyor belts can be removed for cleaning purposes.
- Mettler-Toledo, in February 2020, acquired D.C. Martin & Sons Scales Inc. The latter is a supplier of weighing machines and industrial scales. This acquisition strengthened the business and portfolio of Mettler.
Leading players in the electronic weighing machines market are Doran Scales, Inc., Shimadzu Corporation, BONSO Electronics International Inc., A&D Company, Ltd., Sartorius Group, Fairbanks Scales Inc., Avery Weigh-Tronix LLC, Essae-Teraoka Pvt. Ltd., Kern & Sohn GmbH, and Metter-Toledo International Inc.
Segmentation of Electronic Weighing Machines Industry Research
By Type :
- Laboratory Scales
- Retail Scales
- Gem & Jewelry Scales
- Kitchen Scales
- Health Scales
By Distribution Channel :
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global electronic weighing machines market has reached a value of US$ 4.2 billion in 2023.
Asia Pacific held 36% share of the global electronic weighing machines market revenue in 2022.
Sales of electronic weighing machines are predicted to rise at a CAGR of 3.2% through 2033.
Online sales are projected to increase at a CAGR of 3.5% from 2023 to 2033.
The market for electronic weighing machines is forecasted to reach US$ 5.8 billion by the end of 2033.
Doran Scales, Inc., Shimadzu Corporation, Metter-Toledo International Inc., BONSO Electronics International Inc., A&D Company, Ltd., Sartorius Group, and Fairbanks Scales Inc. are key industry players.