
Report ID: SQMIG35A2846
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the electronic weighing machines market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of electronic weighing machines market across North America, South America, Europe, Asia, the Middle East, and Africa.
Asia Pacific with a market share of 35.7% dominated the global electronic weighing machines market. The strong regional player presence is a key driver of market expansion. The demand for electronic weighing equipment in the region is being driven by a large concentration of retail stores and laboratories and rising consumer health consciousness. The two largest investors and contributors to the expansion of the regional market are China and India. Higher penetration and the strong dominance of regional companies in the region are mostly due to the low cost of the product in the area as a result of the existence of regional businesses.
From 2022 to 2028, North America is projected to grow at a CAGR of 3.2%. The demand for electronic weighing devices is rising as automation spreads throughout the area. Due to its sizable pharmaceutical industry, robust retail sector, and increasing household demand for health monitoring, the U.S. dominates the region. The market in the area is being significantly fueled by the aforementioned aspect.
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Report ID: SQMIG35A2846
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