The global check weighing equipment market size reached USD 619.5 million in 2023. Over the forecast period, global check weighing equipment demand is anticipated to rise at 4.5% CAGR. The market is predicted to increase from USD 645.2 million in 2024 to USD 1,023.9 million by 2034.
Attributes | Key Insights |
---|---|
Check Weighing Equipment Market Size in 2023 | USD 619.5 million |
Estimated Check Weighing Equipment Market Value (2024) | USD 645.2 million |
Projected Check Weighing Equipment Market Revenue (2034) | USD 1,023.9 million |
Value-based Check Weighing Equipment Market CAGR (2024 to 2034) | 4.5% |
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Market to Expand over 1.6X through 2034
The global check weighing equipment market is projected to expand over 1.6X through 2034, with a 2.4% increase in the expected CAGR compared to the historical one. This is due to the increasing demand for automated weighing solutions.
Global sales of check-weighing equipment are expected to rise due to the growing demand for customization & flexible solutions and the rising preference for cloud-based weighing systems. By 2034, the total market revenue is set to reach USD 1,023.9 million.
East Asia Leads the Check Weighing Equipment Market
East Asia is poised to emerge as a frontrunner in driving the demand for check weighing equipment, exhibiting a leading market share of 22.9% by 2034. This significant growth trajectory is anticipated to unfold by 2024, marking East Asia's pivotal role in shaping the check weighing equipment market landscape.
Dominance of 13 to 60kg Load Capacity in the Check Weighing Equipment Market
The 13 to 60 kg segment is expected to lead the global check-weighing equipment market with a volume share of 43.1% in 2024.
The check weighing equipment market grew at a CAGR of 2.3% between 2019 and 2023. Total market revenue reached a value of USD 619.5 million in 2023. In the forecast period, the check weighing equipment industry is set to thrive at a CAGR of 4.5%.
Historical CAGR (2019 to 2023) | 2.3% |
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Forecast CAGR (2024 to 2034) | 4.5% |
The global check-weighing equipment market witnessed moderate growth between 2019 and 2023. Rising awareness of the benefits of using check-weighing equipment to optimize processes and reduce manual errors fueled market growth.
The COVID-19 pandemic highlighted the critical relevance of precise measurements for medication manufacturing and dose accuracy in the pharmaceutical and healthcare industries. The epidemic hastened the introduction of automation, increasing the need for sophisticated weighing systems to boost productivity and reduce reliance on manual labor.
Over the forecast period, the global check weighing equipment market is poised to exhibit healthy growth, totaling a valuation of USD 1,023.9 million by 2034. Increasing manufacturing activities across several sectors necessitated precise weighing equipment for quality control and production efficiency, driving demand for check weighing equipment.
Technological advancements, such as the integration of automation and Industry 4.0 principles, led to a growing demand for more sophisticated weighing solutions.
Strict regulatory standards and a focus on accurate measurements in industries such as pharmaceuticals and food & beverages are contributing to the adoption of check weighing equipment.
Growing Stringency of Regulations
The check weighing equipment market is experiencing a notable surge in demand due to the growing stringency of regulations, particularly in the food and pharmaceutical industries. As regulatory bodies enforce strict standards to ensure consumer safety and product quality, manufacturers in these sectors are investing in precise and reliable check-weighing solutions.
In the food industry, accurate weight measurement is crucial for compliance with labeling requirements and preventing under or overfilling packaged products. The demand for checkweighers in the pharma industry is increasing for calculating the weight of capsules, standing pouches, sachets/sticks, bags/cartons/cases, and bottles/cans.
Rising E-commerce Industry
The thriving e-commerce industry stands out as a significant driver propelling the demand for check-weighing equipment. As the e-commerce sector continues its exponential growth globally, there is an escalating need for accurate and efficient weight verification processes across warehouses and distribution centers.
In the e-commerce supply chain, precision in weighing plays a crucial role in several aspects, including order fulfillment, inventory management, and shipping accuracy. Checkweighing equipment ensures that packaged products meet specified weight criteria, reducing shipment errors and enhancing customer satisfaction.
Increasing Adoption in the Food and Beverage Industry
The escalating adoption of check weighing equipment in the food & beverage industry is a pivotal driver for the market's growth. With a focus on quality control, efficiency, and compliance with stringent regulations, the food and beverage sector increasingly integrates advanced check-weighing solutions into its production processes.
Checkweighers ensure accurate weight measurements of packaged food products, helping manufacturers maintain consistency and meet regulatory standards. As the demand for packaged and processed foods rises globally, reliable and high-throughput check-weighing equipment becomes paramount.
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High Initial Investment and Maintenance Costs
The market for check weighing equipment is severely constrained by the high initial outlay and ongoing maintenance expenses linked to these advanced systems. For certain organizations, acquiring and installing sophisticated weighing equipment can be unaffordable, creating an obstacle to entrance.
Availability of Low-quality Check Weighing Equipment
An increase in low-quality checkweigher systems is restraining the market growth. Using low-quality checkweigher systems that do not require maintenance is set to result in unexpected negative consequences in small to large industrial premises.
Customers encountering these low-quality options are expected to experience operational inefficiencies, inaccuracies in weight measurement, and increased maintenance requirements. This hampers the trust in check-weighing equipment, making it crucial for buyers to carefully assess and select reputable suppliers to ensure the reliability and effectiveness of their checkweighing equipment.
The table below highlights key countries’ check weighing equipment market revenues. China, the United States, and India are expected to remain the top three consumers of check weighing equipment, with expected valuations of USD 92.9 million, USD 87.2 million, and USD 64.5 million, respectively, in 2034.
Countries | Check Weighing Equipment Market Revenue (2034) |
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United States | USD 87.2 million |
China | USD 92.9 million |
Japan | USD 77.5 million |
South Korea | USD 64.4 million |
India | USD 64.5 million |
The table below shows the estimated growth rates of the top six countries. India, South Korea, and Japan are set to record high CAGRs of 4.9%, 5.9%, and 5.1%, respectively, through 2034.
Countries | Projected CAGR (2024 to 2034) |
---|---|
United States | 3.0% |
United Kingdom | 3.6% |
China | 4.6% |
Japan | 5.1% |
South Korea | 5.9% |
India | 4.9% |
The United States check weighing equipment market is projected to reach USD 87.2 million by 2034. Over the assessment period, demand for check weighing equipment in the United States is set to rise at 3.0% CAGR. The factors driving the country’s growth are as follows:
Sales of check weighing equipment in China are projected to soar at a CAGR of 4.6% during the assessment period. The market is anticipated to reach USD 92.9 million by 2034. The factors responsible for this growth are as follows:
India's check weighing equipment market value is anticipated to reach USD 64.5 million by 2034. Over the forecast period, check weighing equipment demand is set to increase at a robust CAGR of 4.9%. The factors driving the market growth are as follows:
Japan is expected to surge at a CAGR of 5.1% through 2034. This is attributable to a combination of factors, including:
The United Kingdom is expected to rise at 3.6% CAGR by 2034. The primary factors bolstering the market size are:
The section below shows the above 150ppm segment dominating based on throughput rate. It is forecast to thrive at 4.6% CAGR between 2024 and 2034. Based on end-use, the food and beverage segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 3.6% during the forecast period.
Top Segment (Throughput Rate) | Above 150ppm |
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CAGR (2024 to 2034) | 4.6% |
Top Segment (End-use) | Food and Beverages |
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Projected CAGR (2024 to 2034) | 3.6% |
The global check weighing equipment market is consolidated, with leading players accounting for around 40% to 45% of the share. Mettler-Toledo International Inc., Thermo Fisher Scientific Inc., Minebea Intec, Teraoka Seiko Co., Ltd., Bizerba, Soc. Coop. Bilanciai Campogalliano and NEMESIS are the leading manufacturers and suppliers of check-weighing equipment listed in the report.
Key companies are investing in continuous research to produce new items and increase their capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Recent Developments
The market is set to reach USD 645.2 million in 2024.
Demand for check weighing equipment is slated to expand at a 4.5% CAGR by 2034.
The market is expected to reach USD 1,023.9 million in 2034.
Anritsu Corporation, Teraoka Seiko Co., Ltd. and Bizerba are the key players.
Food and beverages segment is estimated to surge at 3.6% CAGR by 2034.
Estimated Market Size (2024E) | USD 967.4 million |
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Projected Market Value (2034F) | USD 1,826.5 million |
Value-based CAGR (2024 to 2034) | 5.9% |
Market Estimated Size in 2024 | USD 3.2 billion |
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Projected Market Size in 2034 | USD 6.5 billion |
Value-based CAGR (2024 to 2034) | 7.1% |
Estimated Market Value (2023) | USD 4,622.0 million |
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Projected Market Revenue (2033) | USD 8,242.7 million |
Value-based Market CAGR (2023 to 2033) | 6.0% |
Market Estimated Value (2023) | USD 2.7 billion |
---|---|
Market Estimated Value (2033) | USD 4.5 billion |
Market Value CAGR (2023 to 2033) | 5.4% |
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