Global Industrial Weighing Equipment Market Report 2023: Forecast Market Size, Growth Rate And Industry Trends Analysis
18 May, 2023
The global industrial weighing equipment market is expected to grow from $2.06 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial weighing equipment market is expected to grow to $2.72 billion in 2027 at a CAGR of 5.5%.
Global Industrial Weighing Equipment Market Key Driver
Growing international trade is expected to drive the growth of the industrial weighing equipment market in the coming years. International trade is the transfer of capital, commodities, and services between countries and across international borders. The rise in international trade drives up demand for transportation and logistics, which drives up demand for industrial weighing equipment.
Get a sample of the global industrial weighing equipment market reportGlobal Industrial Weighing Equipment Market Segments
The global industrial weighing equipment market is segmented:
1) By Type: Electronic Industrial Weighing Equipment, Machinery Industrial Weighing Equipment, Electromechanical combined with Industrial Weighing Equipment, Other Types
2) By Application: Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Metal & Mining, Food & Beverages, Waste Recycling, Other Applications
3) By Distribution Channel: Online, Offline
4) By Geography: The regions covered in the industrial weighing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global industrial weighing equipment market.
Major Industrial Weighing Equipment Industry Players
A&D Weighing, Easiweigh Ltd., Bilwinco AS, CI Precision Ltd., Mettler-Toledo International Inc., Maguire Products Inc., Avery Weigh-Tronix LLC, Minebea Intec GmbH, Fairbanks Scales Inc., OHAUS Corporation, ATRAX Group NZ Ltd., Thompson Scale Company, D Brash & Sons Ltd., Autoweigh Scales, and KERN & SOHN GmbH.
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Industrial Weighing Equipment Market Overview
Industrial weighing equipment is a measuring device that is incorporated into the manufacturing process at a specific stage to serve a specific function. It calculates weight by measuring the force applied to the load cell.
Industrial Weighing Equipment Global Market Report 2023 provides data on the global industrial weighing equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial weighing equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.