Electronic Weighing Scale Market Share, Trends, Revenue, Growth Drivers, Key Manufacturers, Challenges and Future Investment Opportunities Till 2033


Electronic Weighing Scale Market Share, Trends, Revenue, Growth Drivers, Key Manufacturers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Aug-2023
 Author: SPER Analyst

Global Electronic Weighing Machines Market is projected to be worth USD 5.74 billion by 2033 and is anticipated to surge at a CAGR of 3.31%.

The electronic weight machine, also known as an electric weight machine, stands out as an exceptionally useful weighing device. These scales are renowned for their reliability and heightened accuracy. Unlike battery-powered counterparts, electronic weighing machines rely on electricity, typically needing a connection to a power source for operation. Their multitude of features and precise measurements make them a popular choice in a variety of settings, including retail stores, supermarkets, and shopping centers.

Global Electronic Weighing Machines Market Driving Factors and Challenges
The demand for electronic weighing machines is on the rise in both commercial and residential settings. This surge can be attributed to increased economic activities, advancements in laboratory balances and scales technology, and the growing necessity for precision in various processes. Key factors driving their adoption and prevalence include their reliability, accuracy, durability, portability, ease of calibration, and the presence of additional features. Furthermore, electronic weighing machines offer versatility by supporting multiple units of measurement, enabling the conversion of measurements into various units like grams and ounces. This versatility is causing a shift in consumer preferences from traditional to digital or electronic weighing machines.

A positive market outlook is being driven by significant growth in the global retail industry, among other key factors. Weighing machines find extensive use across various sectors, including manufacturing, food and beverage, education, medical, and gems and jewelry. Moreover, the increasing awareness of health and the rising incidence of weight-related disorders, such as obesity, are fuelling market expansion. Furthermore, the introduction of innovative products like Internet of Things (IoT)-integrated weighing scales is stimulating growth. These advanced models offer multiple measurement units, improved portability, ease of calibration, durability, and reliability. Manufacturers are also launching water-resistant electronic weighing machines featuring backlit LCD displays and titanium platforms, which is also contributing to market growth. Additionally, factors like rapid industrialization and the growing adoption of table top variants for veterinary purposes are expected to further propel market growth.

Nonetheless, a significant impediment to the growth of the electronic weighing scale market is the necessity for electricity to operate these devices. Without an electricity source, electronic weighing machines cannot function, prompting consumers to consider manual or spring-based alternatives. Consequently, developing nations grappling with electricity shortages may exhibit lower adoption rates for these products. Elevated maintenance expenses, increased electricity costs, and comparatively higher prices compared to traditional manual weighing machines present notable challenges for the market in these developing regions.

Impact of COVID-19 on Global Electronic Weighing Machines Market
The sudden onset of the COVID-19 pandemic has had a disruptive impact on the electronic weighing machine industry, affecting various sectors. While the life science sector has benefited from the pandemic due to increased global cooperation, rapid sharing of medical information, and dynamic production capabilities, other industries like industrial manufacturing and semiconductor production have faced setbacks. Many governments worldwide implemented nationwide lockdowns and temporary closures of various businesses, leading to a decline in the market demand for electronic weighing machines. These devices are also frequently used in gyms, which had to close due to the COVID-19 outbreak, further hurting the demand for electronic scales.

Electronic Weighing Machines Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; A&D Company, Ltd., Avery Weigh-Tronix, LLC., BONSO Electronics International Inc., Doran Scales, Inc., Essae-Teraoka Pvt. Ltd., Fairbanks Scales Inc., Kern & Sohn GmbH, Mettler-Toledo International, Inc., Sartorius Group, Shimadzu Corporation, Others.

Global Electronic Weighing Machines Market Segmentation:

By Type: Based on the Type, Global Electronic Weighing Machines Market is segmented as; Gem and Jewelry Scale, Health Scale, Kitchen Scale, Laboratory Scale, Retail Scale, Others.

By Distribution Channel: Based on the Distribution Channel, Global Electronic Weighing Machines Market is segmented as; Offline, Online.

By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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