Industrial Weighing Equipment Market Size & Growth Analysis to 2030

The global industrial weighing equipment market size was valued at ~ USD 2.5 billion in 2022 and is expected to grow at a significant CAGR of around 5% during the forecast period from 2023 to 2030. The increasing demand for the product and growing automation in various end-use industries such as food, medicines, agriculture, and construction is a prominent factor driving the industry growth. Furthermore, the increasing labor costs and issues with manual weighing devices are expected to increase the demand for weighing equipment in industrial applications. Moreover, the growing industrialization, significant growth in manufacturing, and increasing spending on industrial infrastructure are anticipated to propel industry growth over the forecast period.

Market Snapshot:

Market Drivers:

Increasing Emphasis on Quality Control and Compliance: Quality control is crucial in industries such as manufacturing, pharmaceuticals, food and beverage, and logistics. Accurate weighing is an essential part of quality control processes, ensuring that products meet predetermined standards and comply with regulations. Industrial weighing equipment provides precise and reliable measurements, enabling manufacturers to maintain product quality and meet regulatory requirements.

Automation and Industry 4.0: The rise of automation and the implementation of Industry 4.0 concepts have increased the demand for advanced weighing equipment. Industrial weighing systems integrated with automation and digital technologies enable real-time data collection, analysis, and process optimization. These systems improve operational efficiency, reduce human error, and enhance productivity in various industries. The integration of industrial weighing equipment into automated production lines and smart factories has driven market growth.

Growth in the Manufacturing Sector: The manufacturing sector plays a significant role in the global economy, and accurate weighing is essential in manufacturing processes. Industrial weighing equipment is widely used in manufacturing operations for tasks such as weighing raw materials, components, and finished products. The growth of the manufacturing sector, driven by factors such as industrialization, economic development, and increasing production capacities, has led to the increased demand for industrial weighing equipment.

Increasing Need for Precision and Efficiency: Industrial weighing equipment offers high precision and accuracy, enabling precise measurements even for small quantities. The need for precise weighing is critical in industries such as pharmaceuticals, chemicals, and laboratory research. Furthermore, industrial weighing equipment helps optimize material usage, reduce waste, and improve operational efficiency. The growing focus on precision, efficiency, and cost optimization has fueled the adoption of advanced industrial weighing equipment.

Compliance with Safety Standards and Regulations: Safety is a significant concern in industries where accurate weighing is essential, such as hazardous materials handling and pharmaceutical manufacturing. Industrial weighing equipment that meets safety standards and regulatory requirements ensures safe and accurate weighing operations. Compliance with safety standards, such as those set by regulatory bodies and industry-specific guidelines, has become a driving factor in the adoption of industrial weighing equipment.

Demand for Weighing Equipment in Transportation and Logistics: The transportation and logistics industry requires weighing equipment for various applications, including weighing cargo, pallets, and shipping containers. Accurate weighing is crucial for proper load distribution, compliance with weight restrictions, and accurate billing. Industrial weighing equipment, such as weighbridges, truck scales, and forklift scales, are widely used in transportation and logistics operations. The growth of e-commerce, global trade, and logistics services has increased the demand for weighing equipment in this sector.

Technological Advancements in Weighing Equipment: Technological advancements in weighing equipment have resulted in the development of more sophisticated and user-friendly systems. These advancements include the integration of digital interfaces, touchscreens, wireless connectivity, and data management capabilities. Advanced features such as automatic calibration, remote monitoring, and data logging have improved the efficiency and usability of industrial weighing equipment, driving its adoption in various industries.

Focus on Sustainable Practices: The emphasis on sustainability and environmental responsibility has influenced the adoption of eco-friendly weighing equipment. Industrial weighing equipment with energy-saving features, recycled materials, and reduced carbon footprint has gained popularity. Furthermore, the integration of weighing equipment with waste management systems and recycling processes helps optimize resource usage and reduce waste generation. The focus on sustainable practices has led to the increased demand for environmentally-friendly industrial weighing equipment.

Market Insights:

The global industrial weighing equipment market is bifurcated into capacity, product type, end-use, and geography. On the basis of end-use, the market is further segmented into manufacturing, chemicals, mining industry, food & beverage, and others. The manufacturing segment dominated the global market and is expected to maintain its dominance over the forecast period. The increasing investment and growing manufacturing industry across the globe is one of the prominent factor driving the segment growth. Furthermore, the significant growth in local manufacturing units in developing economies is further anticipated to propel the segment growth over the forecast period.

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The industrial weighing equipment comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The industrial weighing equipment market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Capacity:

• Less than 1 Kg
• 1 Kg to 100 Kg
• 500 Kg to 1000 Kg
• 1000 Kg and above

By Product Type:

• Checkweighers
• Counting Scales
• Floor Scales
• Rail Scales
• Others

By End-Use:

• Manufacturing
• Chemicals
• Mining Industry
• Food & Beverage
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

On the basis of region, North America dominated the global industrial weighing equipment market in 2022 and is estimated to hold the largest revenue share of over 1/4 market share by the end of the analysis period. The wide range of equipment and the significant demand for the product in various end-use industries are some major factors driving the market growth in the region. Furthermore, the growing industrialization and the presence of some prominent market players are further anticipated to propel the industry in North America.

Geographically, the industrial weighing equipment market report comprises dedicated sections centering on the regional market revenue and trends. The industrial weighing equipment market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The industrial weighing equipment market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Industrial weighing equipment market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global industrial weighing equipment market are Avery Weigh-Tronix, RADWAG Wagi Elektroniczne, CI Precision Ltd., A&D Weighing, Atrax Group NZ Ltd., and Thompson Scale Company. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Avery Weigh-Tronix
• RADWAG Wagi Elektroniczne
• CI Precision Ltd.
• A&D Weighing
• Atrax Group NZ Ltd.
• Thompson Scale Company
• GSH Group
• Bilwinco AS
• D Brash & Sons Ltd.
• Sartorius AG Ohaus Corporation
• Maguire Products Inc.
• Mettler Toledo International Inc.

Key Questions Answered by Industrial Weighing Equipment Market Report

• Global industrial weighing equipment market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Industrial weighing equipment submarket forecasts from 2023-2030 covering the market by capacity, product type, end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level industrial weighing equipment markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market