The global Electronic Weighing Machines Market size occupied USD 3.8 Billion in 2022 and is estimated to arrive at a size of around USD 5.4 Billion by 2032 rising with a CAGR of 3.5% during the forecasted years, as reported by Acumen Research & Consulting
The electronic weighing machine business has witnessed increased demand in recent years, owing to the increasing use of automation and digitalization in different industries, as well as the growing demand for accurate and efficient measurement and weighing. Electronic weighing machines provide advantages such as greater efficiency, accuracy, and precision, as well as the capacity to interact with digital platforms and software. This enables real-time weighing data monitoring and analysis, as well as the automation of numerous procedures, resulting in greater productivity and cost savings.
Recent developments in the field's technology include the incorporation of digital platforms and software, which permit real-time monitoring and analysis of weighing data, as well as the creation of wireless connectivity and mobile apps, which permit remote control and access to weighing equipment. There have also been advances in the development of sensors and other measurement technology, allowing for improved weighing accuracy and precision.
Electronic weighing machines are in high demand in a variety of industries, including food and beverage, pharmaceuticals, manufacturing, logistics, and retail. Electronic weighing devices are used in the food and beverage sector to weigh and portion food items for delivery and online ordering platforms. They are utilized in the pharmaceutical industry for precise and accurate measurements of chemicals and medications. They are used in production and logistics to accurately measure and track materials and products. They are also used in retail to weigh and price things for sale.
Electronic Weighing Machines Market Statistics
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Electronic Weighing Machines Market Dynamics
Growing Adoption of Automation and Digitalization in the Food and Beverage Industry Propels the Electronic Weighing Machines Market Value
In recent years, the food and beverage industry has seen an increase in the adoption of automation and digitalization, driven in part by the desire to improve efficiency and productivity in food production and delivery. Electronic weighing devices, which enable accurate and efficient measuring and portioning of food items, have played a crucial role in this trend.
The emergence of online ordering and delivery systems has been a main driver of this trend. To ensure accuracy and uniformity in portion sizes, electronic weighing devices are utilized to weigh and portion food products for delivery. This is becoming increasingly critical as more people choose online buying and delivery choices, especially in the aftermath of the COVID-19 outbreak.
In addition, electronic weighing equipment is utilized to increase quality control in food processing. They enable exact ingredient and quantity measurement, ensuring uniformity in the flavor and texture of culinary products. This is especially crucial in industries like baking and confectionery, where accurate measures are essential for producing the required end product.
The integration of digital platforms and software has also aided in the adoption of electronic weighing devices in the food and beverage industries. These technologies provide real-time weighing data monitoring and analysis, enabling improved control and management of food production and distribution processes. They also allow for the automation of many operations, which results in enhanced productivity and cost savings.
Increasing Adoption of Industry 4.0 and Smart Manufacturing Will Generate Surplus Electronic Weighing Machines Market Opportunities
The growing adoption of Industry 4.0 and smart manufacturing is a major driver of the market for electronic weighing equipment. The integration of digital technology into industrial processes, including the use of sensors, data analytics, and automation, is referred to as Industry 4.0. Smart manufacturing expands on this concept by allowing real-time data to be used to optimize production processes and boost efficiency.
Electronic weighing machines are essential in Industry 4.0 and smart manufacturing because they allow for accurate and efficient measurement and weighing of inputs and products. They are used in a variety of industrial processes such as assembly, packaging, and quality control to guarantee that products meet exact specifications and quality requirements.
Moreover, the integration of electronic weighing machines with digital platforms and software allows for real-time weighing data monitoring and analysis, allowing for greater management and optimization of production processes. This allows firms to detect inefficiencies and bottlenecks in their processes and make data-driven decisions to increase production and lower costs.
As more organizations use digital technology to optimize their production processes, the use of electronic weighing machines in Industry 4.0 and smart manufacturing is projected to expand. This trend is especially essential in areas where accuracy and quality are critical to success, such as automotive, aerospace, and electronics production. Overall, demand for electronic weighing machines is likely to rise in the future years as Industry 4.0 and smart manufacturing become more widely adopted.
Electronic Weighing Machines Market Segmentation
The global market has been categorized into type, distribution channel, and region.
Electronic Weighing Machines Market Share
According to the electronic weighing machines industry analysis, the retail scale sub-segment will have the largest market share in 2022. Furthermore, laboratory scale is a significant market sub-segment.
According to the electronic weighing machines market forecast, the offline sub-segment will account for a substantial portion between 2023 and 2032. Online applications, on the other hand, are expected to thrive in the next years.
Electronic Weighing Machines Market Regional Outlook
The Asia-Pacific area is likely to be a key market for electronic weighing machines due to the rapid growth of industries such as food and beverage, pharmaceuticals, and manufacturing. Demand for electronic weighing devices is likely to rise as automation and digitalization become more prevalent in these industries.
North America is likely to be the fastest-growing market for electronic weighing machines because of the widespread adoption of technology and automation in numerous industries. Due to the growing trend of online ordering and delivery, the food and beverage industry in the region is likely to increase demand for electronic weighing devices.
Another important market for electronic weighing machines is in Europe, with major demand coming from the food and beverage industries, pharmaceuticals, and healthcare. The region's stringent food and drug safety rules necessitate accurate and exact product measurement, leading to a growth in the use of electronic weighing devices.
Electronic Weighing Machines Market Players
Some prominent electronic weighing machines companies covered in the industry include A&D Company, Ltd., Avery Weigh-Tronix, LLC, BONSO Electronics International Inc., Doran Scales, Inc., Essae-Teraoka Pvt. Ltd., Kern & Sohn GmbH, Fairbanks Scales Inc., Mettler-Toledo International, Inc., Sartorius Group, and Shimadzu Corporation.
In September 2021, Mettler-Toledo International, Inc. introduced the XSR Analytical Balance, a new range of bench scales. The XSR Analytical Balance uses modern touchscreen technology and is intended to increase laboratory weighing accuracy and ease of use.
In July 2021, Sartorius Group announced the acquisition of Novasep Holding SAS's chromatography process equipment segment. Sartorius Group's product portfolio and position in the biopharmaceutical industry are likely to benefit from the acquisition.
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Mr. Frank Wilson
Acumen Research and Consulting