The global home scales market reached a value of US$ 6.06 Billion in 2022. FMI expects the market to reach US$ 8.39 Billion by 2032, growing at a CAGR of 3.3% from 2022-2032.
Attributes
Details
Market CAGR
3.3%
Market (2022)
US$ 6.06 Billion
Market (2032)
US$ 8.39 Billion
In the residential sector, there is an increasing demand for home scales due to increasing economic activity, technological advances in laboratory scales, and the need to maintain precision in weight. Several factors are contributing to the increasing adoption and penetration of home scales, including reliability, accuracy, durability, portability, ease of calibration, and extra features.
Companies are increasingly focusing on introducing compact and portable products to gain market share. Advanced technology is being integrated to achieve enhanced precision. For instance, the company, Truweigh LLC, launched a water-resistant digital pocket scale in April 2019. The product is also dust-proof due to its IP65 rating. The pocket weighing scale comes with a white backlit LCD and a black titanium chrome platform. Due to their space-saving capabilities, portability, and similar accuracy, portable weighing machines are the most popular choice for home-based business owners.
With recent manufacturing innovations, these home scales come in various sizes and colors. They have also been designed with a portability feature, which has proved useful to both healthcare professionals and patients alike.
There has been a rapid increase in chronic and acute diseases and disorders throughout the world as a result of obesity. This has contributed significantly to the growth in sales of home scales in recent years. Accordingly, the home scales market is experiencing lucrative growth opportunities due to the rising incidence rates of osteoarthritis, diabetes, heart strokes, and high blood pressure.
A large share of the growth and development of the healthcare industry is driven by both public and private players, especially in developing economies. This is creating lucrative growth opportunities for the home scales market.
There will be lucrative opportunities for market growth due to increasing research and development expenditures, especially in developed and developing countries. Research conducted in healthcare research laboratories by biotechnology industries is directly influencing the demand for home scales as more and more biotechnological companies conduct research in healthcare research laboratories.
Due to the strong healthcare infrastructure in North America and a growing need for measuring devices for testing and measurement, North America dominates the home scale market.
Asia-Pacific is expected to experience significant growth during the forecast period. This is because of increased government initiatives to promote awareness, the growth rate of medical tourism is expected to increase, research activities are growing in the region, home scales are being mass produced in the region at an affordable price, an increase in the overweight population, adoption of health care solutions to improve standards of living, and a burgeoning demand for quality healthcare.
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Home Scales market Drivers
An aging population in the west, a sedentary, fast-paced lifestyle leaving no time to exercise, along with a greater awareness of the long term problems caused by obesity can be expected to drive the home scale market going forward. Added functionality and more features in home scales is also expected to help in no small measure.
An increased acceptance of digital body fat analysers in emerging markets will also provide a boost to the home scale market. They are worthy of mention since they measure body fat and help the person distinguish between fat and weight loss.
It is not just obese customers but even health-conscious people who will drive the demand for the home scales market in the medium to long term. A greater preference for privacy and the convenience of using these devices in the bedroom or bathroom will also contribute to the future prospects of the home scales market.
Home Scales market Key Regions
Europe is the largest home scales market, followed by North America in 2016. This is due to the presence of a post-industrial society where the services sector dominates leading to a sedentary lifestyle and also the prevalence of ready to eat, processed and unhealthy food. Germany, the USA and the UK are some of the largest individual home scales markets.
Asia Pacific accounts for the largest growth due to rapid urbanization, increased cases of obesity and also an increased awareness of advances in technology related to health and fitness. The key Asia Pacific markets include China, India, Japan and Korea.
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Home Scales market Key Market Players
The key players in the home scales market are AWM Limited, Camry Electronic Ltd, Salter Housewares, Bonso Electronics, Johnson Measures and Weights Ltd, Omron Healthcare Co. Ltd., Leifheit AG, Guangdong Xiangshan Weighing Apparatus, and Tanita Corporation.
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
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