Offering reliable and timely data, this report is a key resource for anyone building or refining their electronic weighing scales industry roadmap.
What Is The Expected CAGR For The Electronic Weighing Scales Market Through 2025?
The electronic weighing scales market size has grown strongly in recent years. It will grow from $5.66 billion in 2024 to $5.96 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increasing industrial automation, growth in retail and logistics sectors, rising adoption in laboratories, expansion of the food and beverage industry, and demand for precise weight measurement.
The electronic weighing scales market size is expected to see strong growth in the next few years. It will grow to $7.52 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to the growth of the e-commerce sector, rising adoption of digital technologies, increasing demand for healthcare applications, expansion of manufacturing industries, and government regulations promoting accuracy standards. Major trends in the forecast period include the integration of IoT and connectivity features, the development of portable and compact scales, cloud-based data storage, multifunctional weighing systems, and AI and machine learning for predictive maintenance.
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Which Key Factors Will Influence Electronic Weighing Scales Market Growth Over 2025-2034?
The increasing industrial automation is expected to propel the growth of the electronic weighing scales market going forward. Industrial automation refers to the use of control systems such as computers, robots, and information technologies to handle different processes and machinery in an industry, minimizing human intervention. The increasing industrial automation is primarily driven by the need for improved efficiency, as automation systems reduce human error, streamline production processes, and enhance the speed and consistency of operations, leading to higher productivity and lower operational costs for businesses. Electronic weighing scales are essential to industrial automation, delivering precise, real-time weight data that improves efficiency, consistency, and accuracy in production and quality control operations. For instance, in September 2023, according to the Industrial Robots Statistics 2023 by the International Federation of Robotics, in 2022, the installation of industrial robots in Asia reached 404,578 units, reflecting a 5% increase compared to the 385,143 units installed in 2021. Therefore, the increasing industrial automation is driving the growth of the electronic weighing scales market.
Comprehensive Segment-Wise Insights Into The Electronic Weighing Scales Market
The electronic weighing scales market covered in this report is segmented –
1) By Type: Table Top Scale, Platform Scale, Precision Scale, Pocket Scale, Other Types
2) By Application: Electronic Weighing Scale, Electronic Industrial Counting Scale, Electronic Retail Printer Scale, Electronic Weighing Balance
3) By End User: Industrial, Veterinary, Scientific Or Laboratory, Jewelry, Food And Beverages, Health And Fitness, Education Or Research, Other End Users
Subsegments:
1) By Table Top Scale: Digital Table Top Scale, Analog Table Top Scale, Bench Scale
2) By Platform Scale: Digital Platform Scale, Analog Platform Scale, Heavy-Duty Platform Scale
3) By Precision Scale: Analytical Precision Scale, Micro Precision Scale, High Precision Scale
4) By Pocket Scale: Digital Pocket Scale, Miniature Pocket Scale
5) By Other Types: Crane Scale, Hanging Scale, Floor Scale, Counting Scale
What Are The Prominent Trends In The Electronic Weighing Scales Market?
Major companies operating in the electronic weighing scales market are adopting a strategic partnership approach to develop innovative weighing scales. Strategic partnerships in the electronic weighing scale industry are driving innovation and helping companies expand their product offerings, thereby boosting market penetration and addressing the growing demand for advanced, technology-driven weighing solutions. For instance, in June 2022, Woolworths Group Limited, an Australia-based supermarket chain, partnered with Tiliter Pty Ltd., an Australia-based AI tech company, to launch artificial intelligence (AI)-powered weighing scales. This initiative aims to simplify the fresh produce shopping experience by using Tiliter's smart scales to automatically identify and weigh items. The technology is designed to reduce checkout times, enhance customer convenience, minimize human error, boost operational efficiency, and create a more accessible and seamless in-store experience for all shoppers.
Analysis Of Key Players In Electronic Weighing Scales Market
Major companies operating in the electronic weighing scales market are Sartorius AG, Mettler Toledo, Shimadzu Corporation, Rice Lake Weighing Systems, Fairbanks Scales Inc, Cardinal Scale Manufacturing Company, Yamato Scale Co Ltd, Tor Rey USA, Radwag Balances and Scales, Tanita Corporation, A&D Company Limited, PCE Instruments, Phoenix Scales, Precisa Gravimetrics AG, BEL Engineering Srl, Elane Electronics, CAS Corporation, Elane Electronics, Doran Scales Inc, Essae-Teraoka Pvt Ltd, Contech Instruments Ltd, Intelligent Weighing Technology Inc, Tovatech LLC.
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What Are The Key Regional Trends In The Electronic Weighing Scales Market?
North America was the largest region in the electronic weighing scales market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic weighing scales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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