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Robust Manufacturing Activity in Developing Markets Drives Global Demand for Industrial Weighing Equipment


Published: September 2017

REPORT STATISTICS


  • Code: MCP-1552
  • Pages: 347
  • Tables: 109
  • Companies: 157


INDUSTRIAL WEIGHING EQUIPMENT: A RESEARCH BRIEF

The global market for Industrial Weighing Equipment is projected to reach US$3.4 billion by 2024, driven by healthy manufacturing activity in developing countries; increasing demand for automated, digital platform weighing scales; continuous improvements in efficiency and reliability achieved in newer products; and growing trend towards replacing obsolete weighing equipment. Asia-Pacific represents the largest market worldwide, followed by Europe. The region is also forecast to witness the fastest growth with a CAGR of 8.2% over the analysis period led by rapid industrialization of economic power houses such as China and India. Other major factors driving growth in the region include explosive growth of the domestic e-commerce industry and the resulting demand for weighing scales and systems in logistics and warehousing sectors; robust consumption of processed foods and the resulting need for reliable and accurate weighing scales for the food processing industry; expanding budgets for replacement and upgrades to technologically advanced equipment against the backdrop of unwavering focus shed on productivity of industrial operations. 

    Summary of Findings

  • Demand for Hardy Bench Scales Witnesses Strong Growth in the Food and Beverage, Consumer Packaged Goods and Chemical Processing Sectors
  • Expansion in Logistics and Shipping Operations to Spur Demand for Lift Truck Scales
  • Explosive Growth of E-Commerce and the Parallel Growth of Urban Logistics Drives Demand for Counting Scales and Pallet Scales
  • Growing Demand for Convenient Solutions Drives the Popularity of Wireless Load Cells Based Weighing Scales
  • Lack of Innovation in a Homogeneous Market: A Key Challenge to Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • End-Use Segments:
    • Chemical Industry, Food & Beverage Industry, Manufacturing, Mining Industry, and Other Industries

MAJOR PLAYERS

  • A&D Weighing
  • ATRAX Group NZ Ltd.
  • Avery Weigh-Tronix, LLC
  • Bilwinco AS
  • CI Precision Ltd.
  • D Brash & Sons, Ltd.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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