Container Weighing Systems Market

Container Weighing Systems Market Outlook (2023 to 2033)

The container weighing systems market is projected to have a sluggish-paced CAGR of 3.4% during the forecast period. The current valuation of the container weighing systems market is USD 3,403.0 million in 2023, and it is anticipated to surpass USD 4,754.1 million by 2033.

Report Attributes	Details
Container Weighing Systems Market Value (2023)	USD 3,403.0 million
Container Weighing Systems Market Anticipated Value (2033)	USD 4,754.1 million
Container Weighing Systems Projected Growth Rate (2023 to 2033)	3.4%

The demand for container weighing systems is increasing due to the requirement for measuring the accurate weight of the containers for marine transportation. The intermodal container weighing system manufacturers offer products specifically developed to meet Safety of Life at Sea Convention (SOLAS) regulations and derive accurate weight for safe vessel stowage post amendments in the SOLAS. Therefore, the sales of container weighing systems are likely to grow during the forecast period.

Infrastructure Sector to Whip up the Global Container Weighing Systems Market

The development of emerging economies in the infrastructure sector is predicted to substantially contribute, expanding the container weight systems market size during the forecast period.

This demand for container weight systems is rising as it offers a lot of operational savings and helps the global infrastructure sector boost efficiency. The reason behind establishing such seamless incorporation and handling of amendments is the elimination of third-party container weight systems service providers within this industry sector that used to cause delays in stirring up the weighing procedure.

Identification of Forging Elements and Key Deterrents

Some compelling factors are molding the global container weighing systems market.

DRIVERS:

• Rigid regulations and safety automation are likely to fuel the market growth for container weighing systems.
• The One Belt On Road (OBOR) transport network is a major contributor to the market growth for the product.
• The growing adoption of automation plays a major role and positively impacts the global market.
• A key supporting factor is the increasing need for accurate reading and data collection in pots and shipment facilities.
• Lightweight, portability, and fully transferable features are estimated to boost the adoption of this product in different verticals.

RESTRAINTS:

• High investment is required to install container weighing systems and is likely to act as the key inhibiting factor in the coming years.
• The occurrence of unrestrained load shift and uneven weight distribution has a very strong impact on vehicle performance. These maritime shipping constraints also act as hindrances for the container weighing systems market.
• The expensive nature of maritime operations using a container weighing system, the consequences of a load becoming loose, and the shift of containers within the ship during travel in the sea are the key factors that are curbing the growth of the forum.

Segments Dominating in the Container Weighing Systems Market

The weighbridges segment dominates the container weighing systems market by offering a segment.

Based on the offering, weighbridges would hold the largest market size during the forecast period. The functional benefits, such as load cells in weighbridges, enable the end user to measure the weights accurately. Moreover, weighbridges are considered the legal weight measurement equipment across industry verticals, and the use of weighbridges is the traditional method to measure weights.

The ports segment dominates the container weighing systems market by end-user segment.

The ports held the largest market share in the base year because of the increasingly stringent regulation to enhance maritime safety, which would require the usage of a container weighing system for measuring the verified gross figure of the containers.

Regional Outlook

How are North America and Europe Market Performing?

Region	Europe
Market Share Held	Europe is projected to dominate the global container weighing systems market during the forecast period. Germany is forecasted to grow at an approximate CAGR of 1.5% in Europe. Europe Region currently holds 27.0% of the container weighing systems market share.
Responsible Factors	The factor responsible for the growth of the European market can be attributed to: This region's rapidly developing manufacturing base and rising automation among various end-user industries. The increasing inclination of manufacturers towards research and development in Container Weighing Systems manufacturing is the key supporting factor considered to drive market growth.

Region	North America
North America	The North America Region holds 21.9% of the container weighing systems market share. North America is expected to hold the second-largest global container weighing systems market share. The shipping segment of the United States has recorded a CAGR of 2.6% in the base year. Through the analysis period, Canada is forecasted to expand at a 3.4% CAGR from 2023 to 2033.
Responsible Factors	The factors bolstering the growth in this region can be identified as follows: Rigid regulations for safe transportation and the increasing automation across various industry verticals A wide range of applications, including RTG load cells, mobile harbor cranes, reach stackers, forklift trucks, and others in practical transportation modules, is the key factor contributing to the market's growth.

Start-up Ecosystem

New Entrants Rejigging the Market Scenario or Container Weighing Systems

The start-up ecosystem in the container weighing system market is intense, with frequent innovations being made. Start-ups in the container weighing system market focus on multiple aspects that would benefit the end-users and offer more efficient weight management systems to the different industry verticals.

Two Start-ups Having Considerable Impacts

Strainstall’s container weighing systems can capture dynamic loads using tried and tested in-house software. This accelerates container weighing speed by enabling the system to weigh containers while still in motion.

Bison’s container weighing system weighs containers for SOLAS, VGM, a chain of responsibility, or trading purposes, by eliminating costs and delays from truck scales or weighing cargo as you load.

Competitive Landscape

Key Players Revolutionizing the Market

The market players are making continuous innovations and indulging in several mergers and acquisitions to curate convenient weighing system solutions for the end-users. They are undertaking compelling initiatives that abide by the industry preferences for further increasing demand in the global container weighing systems market.

Recent Developments

• Avery Weigh Tronix has launched a new ZM201 series of weighing indicators for accurate load calibration and indication.
• In 2020, terminal operator SSA Marine announced that retrofitting its rubber-tired gantry (RTG) cranes to battery power produced remarkable results. The project was part of the Port of Oakland’s Seaport Air Quality 2020.

Key players in the market

• ATLAS WEIGHING PTY. LTD.
• Avery Weigh-Tronix LLC
• Bromma
• Conductix-Wampfler GmbH
• Fairbanks Scales Inc.
• Flintec Group AB
• FUTEK Advanced Sensor Technology Inc.
• Hottinger Baldwin Messtechnik GmbH
• Kistler-Morse Automation Limited
• Others

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 3.4% from 2023 to 2033
Base Year for Estimation	2021
Historical Data	2016 to 2021
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Offering, Medium, Vertical, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa
Key Countries Profiled	United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	ATLAS WEIGHING PTY. LTD.; Avery Weigh-Tronix LLC; Bromma; Conductix-Wampfler GmbH; Fairbanks Scales Inc.; Flintec Group AB; FUTEK Advanced Sensor Technology Inc.; Hottinger Baldwin Messtechnik GmbH; Kistler-Morse Automation Limited; Others
Customization	Available Upon Request

Key Segments in the Container Weighing Systems Market

By Medium:

• Rail
• Road
• Ship

By Vertical:

• Chemical
• Construction
• Food & beverage
• Manufacturing
• Mining & aggregates
• Transport & logistics

By Region:

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

Frequently Asked Questions

What will the market's size be in 2023?

In 2023, the container weighing systems market is expected to attain USD 3,403.0 million.

In 2033, how big will the container weighing systems market be?

The container weighing systems sales to spur to USD 4,754.1 million in 2033.

What is the CAGR of market growth?

Through 2033, the market is set to evolve at a CAGR of 3.4%.

Which offering segment leads in the market?

By offering a segment, the weighbridges section commands the market.

How is the European market faring?

Europe continues to account for 27.0% of the market share.

How is the market in North America thriving?

North America encompasses 21.9% of the market share.