Electronic Weighing Scales Market By Product Type (Crane Scales, Pallet Truck Scales, Platform Scales, Precision Scales, Table Top Scales, Others), By End-use Vertical (Healthcare, Industrial, Jewellery, Laboratory, Retail, Vet/Animal, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Overview:
Measurement techniques have been of great significance since the start of human civilization. In the 19th century, industrial revolution brought a rapid development in new measurement techniques and instruments to meet the needs of industrialized production techniques. The market for electronic weighing scales likely to witness a substantial growth owing to the constant need for determining exact weight. The global electronic weighing scales market was valued at US$ 4.85 Bn in 2017 and expected to expand at a CAGR of 4.8% during the forecast period from 2018 to 2026.
Weighing scales are used for determining the mass or weight of a substance. An electronic weighing scale is more durable, compact and accurate than other conventional scales such as spring scales or balances, which often wear out and gives erroneous readings over a period of time. Electronic weighing scales are commonly used in businesses and industries for segregating and weighing materials accurately for process sales. The electronic weighing scales work on a microchip and electronic response. As a result, risk of inaccurate results are minimal compared to the analog scales.
Accuracy is the linchpin of any electronic weighing scale. The precise measurements provided by the electronic weighing scales drives the demand from various sectors including healthcare, retail, industrial, etc. Moreover, advantages of electronic weighing scales such as ease of handling, compact size along with easy availability likely to drive the adoption of electronic weighing scales, thereby augmenting the market growth. In recent times, demand for electronic weighing scales has increased significantly as measuring weight has become user-friendly. Rising dependence on these scales in diverse areas like hospitals, pharmacies, labs, supermarkets, kitchen, industries, and factories is growing at a greater extent, thereby enhancing the growth of electronic weighing scales market during the forecast period from 2018 to 2026.
"Table Top Scales Garnered the Largest Revenue in 2017"
The global electronic weighing scales market, on the basis of product type is segmented into crane scales, pallet truck scales, platform scales, precision scales, table top scales, and others. In terms of value contribution, the market was dominated by the table top scales in 2017. Table top scales are rugged, compact electronic weighing scales. These scales are ideal for use in laboratories, pharmacies, cafes, retail, restaurants, kitchens, offices, etc. Table top scales are light in weight, easy to operate and are cost effective. As a result, advantages associated with table top scales is augmenting its demand in the retail and industrial sectors.
"Industrial Vertical Exhibits Largest Market Share"
In 2017, industrial vertical accounted for majority share in the global electronic weighing scales market. The dominance of this segment is largely credited to the industrial sector that depends on exporting and importing materials, shipments of manufactured goods, corrosive liquids and gases, etc. The electronic weighing scales have become a fixture in daily use within the industrial environment, thereby enhancing its growth in the overall market. It is a fact that the formulation of a substance is entirely dependent on a scale’s accuracy. Industrial scales are designed to perfectly adapt the environment and usage conditions. In the industrial applications, rugged industrial crane scales, platform scales, pallet truck scales, etc. are used widely.
"Asia Pacific to Continue its Supremacy during the Forecast Period from 2018 to 2026"
The electronic weighing scales market, based on geography was led by Asia Pacific in 2017. The presence of prominent players such as A&D Company Limited, Contech Instruments Limited, The Essae Group, Tanita Corporation, etc. are providing varied business opportunities in the region. Asia Pacific considered as high growth market and projected to remain dominant during the forecast period from 2018 to 2026. Wide availability of sensors such as load sensors, which are one of the prime components of the electronic weighing scales poised to drive the growth prospects of electronic weighing scales market 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 global electronic weighing scales market appears to be highly fragmented in nature due to the presence of large number of international as well as regional players. Product innovation and new product development remains the key strategies adopted by the players in the market. The key players are mainly focusing on implementing new innovation strategies and are strengthening their product portfolio to reach potential customers in the emerging markets.
For instance, in May 2017, Rice Lake Weighing Systems launched a new series of digital bench scales – BenchPro. The multi-purpose digital bench scales are ideal for many diverse markets and industries worldwide. As a general purpose scale, BenchPro provides multiple benefits such as ability to tare containers, zero and change units of measure. The BenchPro Series can be useful for many applications such as point of sale, retail, food service, manufacturing, etc. Each BenchPro digital bench scale comprises a tempered glass, scratch resistant keypad that withstands accidental drops as well as repels dust, water and oil.
Historical & Forecast Period
The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.
Key questions answered in this report
- What was the market size of electronic weighing scales in 2017 and forecast up to 2026?
- What are the key factors driving the global electronic weighing scales market?
- What are the key market trends observed in the electronic weighing scales market?
- Which is the largest regional market for electronic weighing scales market?
- Which is the most promising product type and end-use vertical in the electronic weighing scales market?
- Which region or segment will drive the market growth? Why?
- Which players are leading the electronic weighing scales market?
- What are the sustainability strategies adopted by the key players operating in the market?
- What are the challenges deterring the growth of electronic weighing scales market?
Unique data points of this report
- Electronic weighing scales trends across different geographies and sub-geographies
- Adoption rate of electronic weighing scales in various end-use verticals
- Comprehensive mapping of the competitive landscape and the market participants’ behavior
- Current and future scenario of electronic weighing scales across the globe
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
2. Executive Summary
2.1. Market Snapshot: Global EWS Market
2.2. Global EWS Market, by Product Type, 2017 (US$ Bn)
2.3. Global EWS Market, by End-use Vertical, 2017 (US$ Bn)
2.4. Global EWS Market, by Geography, 2017 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global EWS 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 (EWS) 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.)
5. Global Electronic Weighing Scales (EWS) 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.)
6. North America Electronic Weighing Scales (EWS) Market Analysis, 2016 – 2026 (US$ Bn)
6.1. Overview
6.1.1. North America EWS Market Value and Growth, 2016 – 2026, (US$ Bn)
6.2. North America EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
6.2.1. Market Analysis
6.3. North America EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
6.3.1. Market Analysis
6.4. North America EWS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.2.1. U.S. EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
6.4.2.2. U.S. EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
6.4.3. Rest of North America
6.4.3.1. Rest of North America EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
6.4.3.2. Rest of North America EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
7. Europe Electronic Weighing Scales (EWS) Market Analysis, 2016 – 2026 (US$ Bn)
7.1. Overview
7.1.1. Europe EWS Market Value and Growth, 2016 – 2026, (US$ Bn)
7.2. Europe EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe EWS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.2.1. U.K. EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
7.4.2.2. U.K. EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
7.4.3. Germany
7.4.3.1. Germany EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
7.4.3.2. Germany EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
7.4.4. France
7.4.4.1. France EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
7.4.4.2. France EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
7.4.5.2. Rest of Europe EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
8. Asia Pacific Electronic Weighing Scales (EWS) Market Analysis, 2016 – 2026 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific EWS Market Value and Growth, 2016 – 2026, (US$ Bn)
8.2. Asia Pacific EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific EWS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.2.1. Japan EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
8.4.2.2. Japan EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
8.4.3. China
8.4.3.1. China EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
8.4.3.2. China EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
8.4.4. India
8.4.4.1. India EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
8.4.4.2. India EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
8.4.5.2. Rest of Asia EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
9. Rest of the World Electronic Weighing Scales (EWS) Market Analysis, 2016 – 2026 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World EWS Market Value and Growth, 2016 – 2026, (US$ Bn)
9.2. Rest of the World EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World EWS Market Value, By Region, 2016 – 2026 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.2.1. Middle East & Africa EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
9.4.2.2. Middle East & Africa (MEA) EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
9.4.3. Latin America
9.4.3.1. Latin America EWS Market Value, By Product Type, 2016 – 2026 (US$ Bn)
9.4.3.2. Latin America EWS Market Value, By End-use Vertical, 2016 – 2026 (US$ Bn)
10. Company Profiles
10.1. Adam Equipment Co. Ltd.
10.2. Avery Weigh Tronix Ltd.
10.3. A&D Company, Limited
10.4. Aczet Pvt. Ltd.
10.5. Atrax Group NZ
10.6. Arlyn Scales
10.7. Cardinal Scale Manufacturing Company
10.8. Contech Instruments Ltd.
10.9. D Brash & Sons Ltd.
10.10. Doran Scales, Inc.
10.11. Fairbanks Scales
10.12. KERN & SOHN GmbH
10.13. Mettler-Toledo, LLC
10.14. Rice Lake Weighing Systems
10.15. Tanita Corporation
10.16. The Essae Group
10.17. Weightron Bilanciai
* EWS - Electronic Weighing Scales
TABLE 1 Market Snapshot: Global Electronic Weighing Scales (EWS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global EWS Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 5 Global EWS Market, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 6 North America EWS Market Value, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 7 North America EWS Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 8 North America EWS Market Value, by Region/Country, 2016 - 2026 (US$ Bn)
TABLE 9 U.S. EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 10 U.S. EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 11 Rest of North America EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 12 Rest of North America EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 13 Europe EWS Market Value, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 14 Europe EWS Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 15 Europe EWS Market Value, by Region/Country, 2016 - 2026 (US$ Bn)
TABLE 16 U.K. EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 17 U.K. EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 18 France EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 19 France EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 20 Germany EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 21 Germany EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 22 Rest of Europe EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 23 Rest of Europe EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 24 Asia Pacific EWS Market Value, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 25 Asia Pacific EWS Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 26 Asia Pacific EWS Market Value, by Region/Country, 2016 - 2026 (US$ Bn)
TABLE 27 Japan EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 28 Japan EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 29 China EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 30 China EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 31 India EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 32 India EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 33 Rest of Asia Pacific EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 34 Rest of Asia Pacific EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 35 Rest of the World EWS Market Value, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 36 Rest of the World EWS Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 37 Rest of the World EWS Market Value, by Region, 2016 - 2026 (US$ Bn)
TABLE 38 Middle East & Africa EWS Market Value, by Product Type, 2016 - 2026 (US$ Bn)
TABLE 39 Middle East & Africa EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 40 Latin America EWS Market Value, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 41 Adam Equipment Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 42 Avery Weigh Tronix Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 43 A&D Company, Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 44 Aczet Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 45 Atrax Group NZ: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 46 Arlyn Scales: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 47 Cardinal Scale Manufacturing Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 48 Contech Instruments Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 49 D Brash & Sons Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 50 Doran Scales, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 51 Fairbanks Scales: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 52 KERN & SOHN GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 53 Mettler-Toledo, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 54 Rice Lake Weighing Systems: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 55 Tanita Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 56 The Essae Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 Weightron Bilanciai: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
FIG. 1 Global Electronic Weighing Scales (EWS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global EWS Market Segmentation
FIG. 4 Global EWS Market, by Product Type, 2017 (US$ Bn)
FIG. 5 Global EWS Market, by End-use Vertical, 2017 (US$ Bn)
FIG. 6 Global EWS Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global EWS Market Value, 2016 - 2026, (US$ Bn) and (Y-o-Y%)
FIG. 8 See-Saw Analysis: Global EWS Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Electronic Weighing Scales Manufacturers, 2017
FIG. 11 Global EWS Market Value Share, by Product Type, 2017 & 2026 (Value %)
FIG. 12 Global EWS Market for Crane Scales, 2016 – 2026, (US$ Bn)
FIG. 13 Global EWS Market for Pallet Truck Scales, 2016 – 2026, (US$ Bn)
FIG. 14 Global EWS Market for Platform Scales, 2016 - 2026, (US$ Bn)
FIG. 15 Global EWS Market for Precision Scales, 2016 - 2026, (US$ Bn)
FIG. 16 Global EWS Market for Table Top Scales, 2016 - 2026, (US$ Bn)
FIG. 17 Global EWS Market Value for Others, 2016 – 2026, (US$ Bn)
FIG. 18 Global EWS Market Value Share, by End-use Vertical, 2017 & 2026 (Value %)
FIG. 19 Global EWS Market Value for Healthcare, 2016 – 2026 (US$ Bn)
FIG. 20 Global EWS Market Value for Industrial, 2016 – 2026 (US$ Bn)
FIG. 21 Global EWS Market Value for Jewellery, 2016 – 2026 (US$ Bn)
FIG. 22 Global EWS Market Value for Laboratory, 2016 – 2026 (US$ Bn)
FIG. 23 Global EWS Market Value for Retail, 2016 – 2026 (US$ Bn)
FIG. 24 Global EWS Market Value for Vet/Animal, 2016 – 2026 (US$ Bn)
FIG. 25 Global EWS Market Value for Others, 2016 – 2026 (US$ Bn)
FIG. 26 North America EWS Market Value, 2016 – 2026, (US$ Bn)
FIG. 27 U.S. EWS Market Value, 2016-2026, (US$ Bn)
FIG. 28 Rest of North America EWS Market Value, 2016-2026, (US$ Bn)
FIG. 29 Europe EWS Market Value, 2016 – 2026, (US$ Bn)
FIG. 30 U.K. EWS Market Value, 2016-2026, (US$ Bn)
FIG. 31 Germany EWS Market Value, 2016-2026, (US$ Bn)
FIG. 32 France EWS Market Value, 2016-2026, (US$ Bn)
FIG. 33 Rest of Europe EWS Market Value, 2016-2026, (US$ Bn)
FIG. 34 Asia Pacific EWS Market Value, 2016 – 2026, (US$ Bn)
FIG. 35 China EWS Market Value, 2016-2026, (US$ Bn)
FIG. 36 Japan EWS Market Value, 2016-2026, (US$ Bn)
FIG. 37 India EWS Market Value, 2016-2026, (US$ Bn)
FIG. 38 Rest of Asia Pacific EWS Market Value, 2016-2026, (US$ Bn)
FIG. 39 RoW EWS Market Value, 2016 – 2026, (US$ Bn)
FIG. 40 Middle East & Africa (MEA) EWS Market Value, 2016-2026, (US$ Bn)
FIG. 41 Latin America EWS Market Value, 2016-2026, (US$ Bn)
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