According to a new market report published by Credence Research, Inc., the global market for electronic weighing scales is expected to grow by 4.8% CAGR over the forecast period from 2018 to 2026.
Product Insights
The global market for electronic weighing scales is projected to show significant growth, increasing to CAGR by 4.8 per cent during the forecast period from 2018 to 2026. Electronic weighing scales are instruments used to measure the weight or mass of the object. These scales are used in a wide range of industrial and commercial products and applications. Weighing is essential for every business, in quantifying goods for sale or monitoring processes, weight is a vital tool for maintaining quality, controlling costs and assessing efficiency. The growing need to determine the exact weight of an object is driving the growth prospects of the market for electronic scales worldwide. Electronic weighing scales are useful for different purposes, from measuring ingredients in the kitchen to precise measurements of substances in the laboratory. Growing dependence on electronic weighing scales in different application areas supermarkets, kitchens, hospitals, pharmacies, laboratories, etc. is growing at a significant rate, which, in turn, is projected to facilitate market growth throughout the forecast period from 2018 to 2026.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/electronic-weighing-scales-market
Based on the product type, the global market for electronic weighing scales was led by table top scales in 2017. Table top scales are light, flexible and compact electronic weight scales. These scales are primarily used in pharmacies, laboratories, cafes, kitchens and retail applications. Furthermore, based on vertical end-use, the industrial sector dominated the market for electronic weighing scales and generated the largest revenue in 2017. The electronic weighing scales have become a fixture in daily use within the industrial environment. Based on geography, Asia Pacific held the largest market share for electronic weighing scales market in 2017. The presence of prominent players such as Contech Instruments Limited, A&D Company Limited, The Essae Group, Tanita Corporation, etc. are providing varied business opportunities in the region.
Competitive Insights:
Major players in the electronic weighing scales market include Adam Equipment Co. Ltd., Avery Weigh Tronix Ltd., A&D Company Limited, Aczet Pvt. Ltd., Atrax Group NZ, Arlyn Scales, Cardinal Scale Manufacturing Company, Contech Instruments Ltd., D Brash & Sons Ltd., Doran Scales, Inc., Fairbanks Scales, KERN & SOHN GmbH, Mettler-Toledo, LLC, Rice Lake Weighing Systems, Tanita Corporation, The Essae Group, and Weightron Bilanciai among others.
The electronic weighing scales market is fragmented owing to the presence of regional as well as international players. The players are focusing on implementing new innovation strategies and are strengthening their product portfolio to reach potential customers in the emerging markets. New product development and product innovation are amongst the key strategies adopted by the players operating in the market.
For instance, in August 2017, Adam Equipment, one of the leading manufacturer of balances and scales, introduced a NRCS approved PT platform scales. The platform scales are capable of providing a durable weighing solution for several applications in the industrial settings, such as warehouses, shipyards, receiving and shipping docks, distribution centers and recycling facilities.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59344
Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III - Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III - Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Electronic Weighing Scales Market
2.2. Global Electronic Weighing Scales Market, by Product Type, 2017 (US$ Bn)
2.3. Global Electronic Weighing Scales Market, by End-use Vertical, 2017 (US$ Bn)
2.4. Global Electronic Weighing Scales Market, by Geography, 2017 (US$ Bn)
2.1. Market Snapshot: Global Electronic Weighing Scales Market
2.2. Global Electronic Weighing Scales Market, by Product Type, 2017 (US$ Bn)
2.3. Global Electronic Weighing Scales Market, by End-use Vertical, 2017 (US$ Bn)
2.4. Global Electronic Weighing Scales Market, by Geography, 2017 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global Electronic Weighing Scales Market Value, 2016 - 2026, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Attractive Investment Proposition, 2017
3.5. Market Positioning of Key Players, 2017
3.5.1. Major Strategies Adopted by the Key Players
3.1. Introduction
3.1.1. Global Electronic Weighing Scales Market Value, 2016 - 2026, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Attractive Investment Proposition, 2017
3.5. Market Positioning of Key Players, 2017
3.5.1. Major Strategies Adopted by the Key Players
4. Global Electronic Weighing Scales Market, by Product Type , 2016 - 2026 (US$ Bn)
4.1. Overview
4.2. Crane Scales
4.3. Pallet Truck Scales
4.4. Platform Scales
4.5. Precision Scales
4.6. Table Top Scales
4.7. Others (Pocket Scales, Personnel Scales, etc.)
4.1. Overview
4.2. Crane Scales
4.3. Pallet Truck Scales
4.4. Platform Scales
4.5. Precision Scales
4.6. Table Top Scales
4.7. Others (Pocket Scales, Personnel Scales, etc.)
5. Global Electronic Weighing Scales Market, by End-use Vertical , 2016 - 2026 (US$ Bn)
5.1. Overview
5.2. Healthcare
5.3. Industrial
5.4. Jewellery
5.5. Laboratory
5.6. Retail
5.7. Vet/Animal
5.8. Others (Education, Catering/Food Service and Production, etc.)
5.1. Overview
5.2. Healthcare
5.3. Industrial
5.4. Jewellery
5.5. Laboratory
5.6. Retail
5.7. Vet/Animal
5.8. Others (Education, Catering/Food Service and Production, etc.)
6. North America Electronic Weighing Scales Market Analysis, 2016 - 2026 (US$ Bn)
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7. Europe Electronic Weighing Scales Market Analysis, 2016 - 2026 (US$ Bn)
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8. Asia Pacific Electronic Weighing Scales Market Analysis, 2016 - 2026 (US$ Bn)
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9. Rest of the World Electronic Weighing Scales Market Analysis, 2016 - 2026 (US$ Bn)
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You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59344
About Credence Research (Original Publisher)
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