This Industrial Weighing Equipment market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Industrial Weighing Equipment market.
Weighing equipment are the instruments used to measure the weight of a product. Industrial weighing equipment is used to measure the weight of various products such as instruments, chemicals and machines in industries. Industrial weighing equipment is present everywhere in the industry from the initial stage that is raw materials stage to the final stage, distribution of finished products, and its applications across a wide range of industries will continue to uphold demand for the product, ultimately boosting the growth of the global market for industrial weighing equipment.
Increasing Investments in Manufacturing Infrastructures Create New Opportunities
Most operations in today’s manufacturing industry majorly revolve around various quality parameters such as measurements, weighing accuracy, process optimization, and ensured safety. Industrial weighing equipment make an integral part of most of the activities performed in any manufacturing business, as these parameters can be maintained at a desired level through an efficient weighing machinery.
Achieving highest levels of accuracy in weighing as well as batching and measurements is an important concern for manufacturing companies, and it can be fulfilled by versatile weighing equipment. Taking this into consideration, leading manufacturers in the industrial weighing equipment market are introducing innovative products that offer weighing as well as batching features to suit the manufacturing industry’s recruitment. Furthermore, the manufacturing industry is expected to witness positive growth in the coming years, which will further trigger market players to target the industry as a top end user, and tap lucrative sales opportunities in the coming future.
Automated Weighing Scales remain Most Sought-after among End-use Industries
Advancements in next-gen technologies have been triggering paradigm shifts in the integral designs of industrial weighing equipment since years, and the trend is likely to persist in the coming future. Leading manufacturers are continually introducing innovative features by integrating advanced weighing technologies such as process weighing technology, and other popular technologies such as the Internet of Things (IoT) and Artificial Intelligence, to make today’s industrial weighing equipment smarter.
Furthermore, with the rise of the industrial automation trends, introducing automation in weighing equipment is no longer just an advantage but it has become a need today. Leading manufacturers are utilizing advanced technologies to automate industrial weighing equipment, ultimately to reduce time, space for error; improve efficiency and productivity of the weighing activities carried out on the industrial level; while ensuring a smooth workflow with other equipment. With automated weighing equipment, industrial end users can significantly reduce downtimes and promote factory floor productivity, mainly to boost production rate and revenue growth.
Manufacturers to Create Customized Weighing to Equipment as Response to COVID-19
With the global outbreak of the novel coronavirus, the industrial growth prospects for most segments have changed, and this is incurring a major impact of the growth of the industrial weighing equipment market. Leading manufacturers are expected to modify their business strategies and increase focus on specific industrial demands amidst the global pandemic.
Increasing demand from the pharmaceuticals and chemicals industries are expected to grab the attention of the manufacturers of industrial weighing equipment. Consequently, the products with features that suit the specific weighing needs of these industries are expected to remain high in demand. Nevertheless, precision, accuracy, and automation will continue to remain the most important features of industrial weighing equipment. Thereby, leading players are likely to concentrate their investments on offering customized features of their industrial weighing equipment to maintain sales and revenues during the economically testing times.
Industrial Weighing Equipment Market: Region-wise Analysis
Industrial weighing equipment market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. Asia Pacific is anticipated to be the fastest growing industrial weighing equipment market with a CAGR expected to be around 6% in the coming years. In the region, the demand is mainly triggered by increasing applications of weighing technologies in many industrial activities, and thereby, industrial growth is among the biggest drivers of growth for the market in Asia Pacific.
Sales are also likely to remain healthy in the North American region, as manufacturers are introducing next-generation and technologically advanced ranges of their products under the category of industrial weighing equipment. Tightening quality standards and safety regulations are triggering the adoption of highly accurate and high precision weighing equipment in the industrial setup across the region, and this will incur the trend of production innovation in the industrial weighing equipment market in the Americas.
Industrial Weighing Equipment Market: Competitive Landscape
- Avery Weigh-Tronix
- RADWAG WagiElektroniczne
- CI Precision Ltd.
- A&D Weighing
- Atrax Group NZ Ltd,
- Avery Weigh-Tronix.
- Thompson Scale Company
- Easiweigh Limited
- Bilwinco AS
- D Brash &Sons Ltd
- Sartorius AG Ohaus Corporation
- Maguire Products Inc.
- Mettler Toledo International Inc.
The global market for industrial weighing equipment is highly fragmented as the number of smaller companies entering the market is increasing. Nevertheless, leading manufacturers as well as small industry players are concentrating on offering utmost levels of accuracy through innovative features, and modifying their strategies to sync with the changing business environments.
Nuweigh - an Australian manufacturer of industrial weighing scales - announced in April 2020 that it will introduce an innovative weighing product for a chemical company to assist it in the production of hand sanitizers, amidst the outbreak of COVID-19. Considering the packaging of the bottled hand sanitiser, the company is offering NUWEIGH bench scale along with the JAC318 indicator, which can spot any discrepancies in weights before it is sent for packaging.
In December 2019, the Uganda National Bureau of Standards (UNBS) - a government agency established by an Act of Parliament of Uganda - announced that it has been focusing on improving the efficiency of its weighing equipment and it has achieved it through the digitalisation of its verification and calibration system. The governing body has launched the eMinzani system, which is an online platform of helping manufacturers verify as well as calibrate all their measuring and industrial weighing equipment.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Industrial Weighing Equipment Market: Segment Analysis
The industrial weighing equipment market can be segmented on the basis of the following:
- Counting Scales
- Floor Scales
- Rail Scales
- Food & Beverage
- Other industries
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Industrial Weighing Equipment Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Industrial Weighing Equipment Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Industrial Weighing Equipment Market report?
In addition to up-to-date market figures and customized of the Industrial Weighing Equipment Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.