What is the global market size of Electronic Weighing Machines Market?

Global Electronic Weighing Machines Market size was valued at USD 3.43 billion in 2021 and is poised to grow from USD 3.66 billion in 2022 to USD 6.62 billion by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Electronic Weighing Machines Market?

In order to give the best-in-class electronic weighing scale equipment for boosting the global arena, several well-known market players are operating together in the electronic weighing scale market. However, there are a lot of international start-ups in the market for electronic weighing scales that are advancing in order to meet the needs of the Electronic Weighing Scale domain. 'A&D Company Limited', 'Fairbanks Scales Inc.', 'Adam Equipment', 'Mettler-Toledo International Inc.', 'Avery Weigh-Tronix LLC', 'Essae-Teraoka Pvt. Ltd.', 'Shinko Denshi Co., Ltd.', 'Ishida Co., Ltd.', 'Bizerba SE & Co. KG', 'Dibal S.A.', 'Rice Lake Weighing Systems', 'Kern & Sohn GmbH', 'Yamato Scale Co., Ltd.', 'PCE Instruments', 'Precia SA', 'RADWAG Balances and Scales', 'Cardinal Scale Manufacturing Company', 'Flintec Group AB', 'CAS Corporation', 'Ohaus Corporation'.

Electronic Weighing Machines Market Size

Electronic Weighing Machines Market Insights

Electronic Weighing Machines Market size was valued at USD 3.66 Billion in 2023 and is poised to grow from USD 3.91 Billion in 2024 to USD 7.07 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

Due to rising economic activity, technological developments in laboratory balances and scales, and the growing requirement to maintain process precision, electronic weighing devices are becoming more and more in demand in the commercial and residential sectors. Electric weighing machine usage and penetration are expanding as a result of reasons including dependability, precision, durability, portability, ease of calibration, and other functionality. These weighing devices also include numerous units of measurement, allowing for the measurement and conversion of units into others like grammes and ounces. The aforementioned factor is causing consumers to prefer digital/electronic weighing devices over traditional ones.

Growing commercial activity is another factor driving the market's expansion over the forecast period. The National Institute of Standards and Technology (NIST), the National Conference on Weights and Measures (NCWM), and the National Type Evaluation Program are just a few of the certificates that consumers appreciate when buying products (NTEP).

To increase their market share, businesses are increasingly concentrating on the release of small, portable products. To attain more precision, businesses are putting a lot of effort into integrating cutting-edge technologies. For instance, Truweigh LLC introduced a water-resistant digital pocket scale in April 2019. Additionally, the item has an IP65 classification, which makes it dust-proof. The pocket scale has a platform made of black titanium chrome and a white backlit LCD. Due to its space-saving features, portability, and comparable accuracy, portable weighing machines are primarily used by home-based business owners.

The need for power to operate the product, which makes it impossible to use electronic weighing machines without it, is one of the main issues limiting the market growth for electronic weighing scales. Customers are choosing a manual or spring weighing machine as a result of this factor. Therefore, it's possible that developing nations with a lack of electricity won't see a higher rate of product uptake. Major obstacles for the market in developing nations include expensive prices, electricity expenses, and maintenance costs when compared to traditional and manual weighing machines.

US Electronic Weighing Machines Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

In order to give the best-in-class electronic weighing scale equipment for boosting the global arena, several well-known market players are operating together in the electronic weighing scale market. However, there are a lot of international start-ups in the market for electronic weighing scales that are advancing in order to meet the needs of the Electronic Weighing Scale domain. 'Kubota Corporation ', 'Sartorius AG ', 'Setra Systems Inc. ', 'Shimadzu Corporation ', 'Mettler-Toledo International Inc. ', 'Avery Weigh-Tronix LLC ', 'Fairbanks Scales Inc. ', 'Cardinal Scale Manufacturing Company ', 'Flintec Group AB ', 'Toledo Weighing Machines Pvt. Ltd. ', 'Precia Molen ', 'Rice Lake Weighing Systems Inc. ', 'Essae-Teraoka Pvt. Ltd. ', 'Tanita Corporation ', 'Contech Instruments Ltd. ', 'Minebea Intec ', 'Rinstrum Pty Ltd ', 'Dini Argeo S.r.l. ', 'A&D Company Limited ', 'Bonso Electronics International Inc. '

Reliability, accuracy, durability, portability, and ease of calibration all contribute to the growth of the electronic weighing scale market. The acceptance and penetration of electric weighing machines are expanding as a result of these features.

The adoption of automated electronic measuring equipment for material testing and measurement in businesses is a result of increasing automation across several industry verticals. The electronic weighing scale market in the region is expanding in terms of revenue thanks to this cause. For better industry uses including shipping and recycling, significant progress in weighing machine technology.

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.