The global industrial weighing equipment market reached USD 4,400.1 million in 2022. Over the forecast period, industrial weighing equipment demand is anticipated to rise at a 6.0% CAGR. The market is expected to increase from USD 4,622.0 million in 2023 to USD 8,242.7 million by 2033.
Attributes | Key Insights |
---|---|
Industrial Weighing Equipment Market Size in 2022 | USD 4,400.1 million |
Estimated Industrial Weighing Equipment Market Value (2023) | USD 4,622.0 million |
Projected Industrial Weighing Equipment Market Revenue (2033) | USD 8,242.7 million |
Value-based Industrial Weighing Equipment Market CAGR (2023 to 2033) | 6.0% |
The industrial weighing equipment market is witnessing a surging demand for automated solutions driven by a focus on operational efficiency. This trend reflects a shift from manual processes as industries seek advanced technologies to streamline weighing operations and improve accuracy and efficiency in diverse industrial settings.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The global industrial weighing equipment market is predicted to expand over 1.7X through 2033, amid a 4.8% increase in expected CAGR compared to the historical one. This is due to the increasing demand for automated weighing solutions.
Growing demand for customized & flexible solutions and an increasing preference for cloud-based weighing systems are projected to fuel the market expansion. By 2033, the total market revenue is set to reach USD 8,242.7 million.
East Asia is poised to emerge as a frontrunner in driving the demand for industrial weighing equipment, exhibiting a dominant market share of over 21.4% by 2033. This significant growth trajectory is anticipated to unfold by 2023, marking East Asia's pivotal role in shaping the industrial weighing equipment market landscape.
The surging demand for precise and efficient weighing technologies across manufacturing and logistics positions East Asia as a key player driving innovation and meeting the evolving needs of the global market. With a significant share projection, East Asia stands as a spearhead, influencing the trajectory of the market and contributing substantially to its growth and development.
East Asia's inclination toward technological innovations and early adoption of Industry 4.0 principles positions it at the forefront of integrating advanced technologies into industrial processes. As a result, the market for industrial weighing equipment in East Asia is anticipated to witness sustained growth, reflecting the region's evolving industry standards.
Digital weighing systems are anticipated to witness a high demand, rising at a 4.2% CAGR during the forecast period. The digital weighing system in industrial weighing equipment marks a transformative evolution in precision and efficiency.
As an advanced technology, it replaces traditional analog weighing systems, offering unparalleled accuracy and ease of integration into modern industrial processes. The digital weighing system utilizes digital signals for measurement, enabling faster and more precise weight readings.
With features such as digital displays, enhanced connectivity, and compatibility with automation technologies, it caters to the demand for Industry 4.0. This innovative system is crucial in real-time monitoring, data analytics, and process optimization.
In addition to providing accurate weight measurements, the digital weighing system contributes to streamlined workflows, reduced human errors, and increased operational efficiency.
Its adaptability to several industrial settings, including manufacturing, logistics, and warehousing, positions it as a cornerstone technology in pursuing enhanced productivity and cost-effectiveness.
Global sales of industrial weighing equipment grew at a CAGR of 1.2% between 2018 and 2022. The market was valued at USD 4,400.1 million in 2022. In the forecast period, the worldwide industrial weighing equipment industry is set to thrive at a CAGR of 6.0%.
Historical CAGR (2018 to 2022) | 1.2% |
---|---|
Forecast CAGR (2023 to 2033) | 6.0% |
The global industrial weighing equipment market witnessed moderate growth between 2018 and 2022. This was due to rising awareness of the benefits of using industrial weighing equipment for optimizing processes and reducing manual errors, which further fueled market growth during this period.
COVID-19 underscored the crucial importance of the pandemic and highlighted the significance of accurate measurements in the pharmaceutical and healthcare industries for drug manufacturing and dosage precision.
The pandemic accelerated the adoption of automation, driving the demand for advanced weighing solutions to enhance operational efficiency and minimize manual labor dependency.
Industrial weighing equipment has seen tremendous technological developments over time. Traditional analog scales have been replaced as digital and electronic weighing systems offer more precision and efficiency.
The market for industrial weighing equipment has accelerated in several countries as companies have expanded to reach a wide range of foreign clients. The demand for standardized weighing systems across several areas and the globalization of supply chains are set to drive this movement.
The growing focus on quality control and regulatory compliance has influenced the evolution of industrial weighing equipment. Manufacturers have had to adjust to and abide by changing standards and laws to maintain accuracy and dependability across several industries.
Future Scope of the Industrial Weighing Equipment Market
Over the forecast period, the global industrial weighing equipment market is poised to exhibit healthy growth, totaling a valuation of USD 8,242.7 million by 2033. Increased industrialization and manufacturing activities across sectors are set to necessitate precise weighing equipment for quality control and production efficiency, driving the market.
Technological advancements, such as integrating automation and Industry 4.0 principles, are projected to lead to a growing demand for more sophisticated weighing solutions. Strict regulatory standards and a focus on accurate measurements in industries like pharmaceuticals and food & beverages are contributing to the growing use of advanced weighing equipment.
The robust expansion in exports of fuels and mining products serves as a pivotal driver for the industrial weighing equipment market. This heightened surge underscores an escalating requirement for accurate weighing systems, particularly in transporting and handling these critical commodities. Industries engaged in fuel and mining activities increasingly recognize the indispensable role of precise weighing solutions to ensure efficient and compliant handling.
The growing reliance on industrial weighing equipment reflects the industry's commitment to enhancing operational precision, minimizing errors, and adhering to regulatory standards. The demand for precise filling of raw materials and weight verification in transporting & handling commodities is driving the adoption of industrial weighing equipment in the market.
The unique operational requirements of different industries demand versatile weighing solutions. When the equipment encounters constraints in accommodating varied processes, it hinders their universal effectiveness. The complexities associated with adapting to diverse industrial settings are expected to reduce the functionality of certain weighing equipment in specific applications.
The industrial weighing equipment market encounters a substantial constraint due to the high initial investment and maintenance costs associated with implementing these sophisticated systems. The capital required for acquiring and installing advanced weighing equipment is set to be prohibitively high, posing a barrier to entry for several industries.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The table below highlights key countries’ industrial weighing equipment market revenues. The United States, India, and China are expected to remain the top three consumers of industrial weighing equipment, with expected valuations of USD 1,046.9 million, USD 620.6 million, and USD 1,030.5 million, respectively, in 2033.
Countries | Industrial Weighing Equipment Market Revenue (2033) |
---|---|
United States | USD 1,046.9 million |
United Kingdom | USD 158.5 million |
China | USD 1,030.5 million |
Japan | USD 509.2 million |
South Korea | USD 224.8 million |
India | USD 620.6 million |
The table below shows the estimated growth rates of the top three countries. India, South Korea, and Japan are set to record higher CAGRs of 6.9%, 8.0%, and 7.3%, respectively, through 2033.
Countries | Projected Industrial Weighing Equipment CAGR (2023 to 2033) |
---|---|
United States | 3.5% |
United Kingdom | 4.9% |
China | 6.3% |
Japan | 7.3% |
South Korea | 8.0% |
India | 6.9% |
The United States industrial weighing equipment market is projected to reach USD 1,046.9 million by 2033. Over the assessment period, demand for industrial weighing equipment in the United States is projected to rise at 3.5% CAGR.
In the United States, the industrial weighing equipment market is experiencing robust growth and technological evolution, driven by the country's diverse industrial landscape. The market is witnessing increased adoption of advanced weighing technologies, focusing on automation, digitization, and Industry 4.0 integration.
The emphasis on precision, efficiency, and data-driven decision-making has spurred innovation in industrial weighing equipment. Companies in the United States are investing in state-of-the-art solutions to enhance operational processes, reduce manual labor, and ensure accurate measurements.
The stringent regulatory environment further propels the need for compliant and precise weighing systems, particularly in pharmaceuticals, chemicals, and food manufacturing industries. The emphasis on sustainability and eco-friendly practices also drives the development of energy-efficient weighing equipment.
China's industrial weighing equipment market is undergoing substantial growth, propelled by the country's rapid industrialization and extensive infrastructure development. The demand for accurate weighing solutions is witnessing a surge in the manufacturing, logistics, and mining industries.
Adopting advanced technologies like automation and digitalization is a prominent trend, prompting manufacturers to invest in cutting-edge industrial weighing equipment for heightened operational efficiency. The government's focus on quality control and adherence to standards further stimulates market growth in China.
Sales of industrial weighing equipment in China are projected to soar at a CAGR of 6.3% during the assessment period. The market is anticipated to reach USD 1,030.5 million by 2033.
India's burgeoning industrial market and ongoing technological advancements are expected to create substantial opportunities for manufacturers in the industrial weighing equipment market. The country's rapid industrialization and a growing emphasis on precision and efficiency in manufacturing processes drive the demand for advanced weighing solutions.
As industries in India increasingly adopt automation and Industry 4.0 technologies, there is a heightened need for state-of-the-art weighing equipment to optimize production, ensure quality control, and streamline logistics.
The government's initiatives to boost manufacturing under the 'Make in India' campaign are expected to further fuel the demand for industrial weighing solutions.
India's industrial weighing equipment market value is anticipated to total USD 620.6 million by 2033. Over the forecast period, industrial weighing equipment demand in the country is set to increase at a robust CAGR of 6.9%.
Japan holds a leading market share because of the expanding equipment deployments and steady expansion in the end-use industry. Key companies and the continuous automation trend are expected to help boost the market. Increased expenditures in several industry verticals and easy access to raw materials needed for industrial weighing equipment are projected to fuel the market’s growth.
The market is projected to rise because of its strong retail sector, sizeable pharmaceutical industry, and growing demand from households for health monitoring. Throughout the forecast period, these developments are anticipated to drive the market in Japan.
The rise in manufacturing and logistical operations is resulting in significant growth in the industrial weighing equipment market in the United Kingdom. The need for precise weighing solutions is growing as sectors aim for efficiency and standard compliance.
In the industrial sector of the United Kingdom, compliance with regulatory standards is crucial. The United Kingdom's weighing apparatus manufacturers are complying with national and international standards to guarantee precision and dependability.
The below section shows the weighbridge and truck scale segment dominating based on product type. It is forecast to thrive at a 7.3% CAGR between 2023 and 2033. Based on end-use, the logistics and warehousing segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 6.5% during the forecast period.
Top Segment (Product Type) | Weighbridge & Truck Scale |
---|---|
Predicted CAGR (2023 to 2033) | 7.3% |
Over the forecast period, demand for weighbridge and truck scales is forecast to rise at a 7.3% CAGR. The weighbridge and truck scale segment emerges as a dominant force in the industrial weighing equipment market, showcasing robust growth and substantial market share.
This product type is pivotal in several industries, offering accurate and efficient weighing solutions for heavy loads, particularly in transportation and logistics.
Weighbridge and truck scale systems ensure compliance with weight regulations, optimize freight operations, and enhance overall safety. Industries such as manufacturing, construction, logistics, and mining heavily rely on these systems for precise weight measurements of goods, raw materials, and finished products.
The versatility and durability of weighbridge and truck scale solutions make them indispensable in handling large volumes of materials, contributing significantly to operational efficiency. The dominance of this segment can be attributed to its critical role in facilitating seamless and accurate weighing processes across diverse applications.
Top Segment (End-use) | Logistics & Warehousing |
---|---|
Projected CAGR (2023 to 2033) | 6.5% |
The demand for industrial weighing equipment is set to thrive, particularly in the logistics and warehousing sector, as these technologies play a pivotal role in the weighing of goods. With supply chain operations' increasing complexities, precise cargo measurement and management have become paramount for logistics providers.
Industrial weighing equipment, such as weighbridge & truck scales, portable and bench scales, and other specialized systems, caters to diverse logistics and warehousing needs.
The integration of these weighing solutions enhances overall operational efficiency and contributes to accurate inventory management. These solutions also align with the stringent quality control standards in logistics, solidifying the enduring demand for these technologies in the market.
The logistics & warehousing segment is projected to thrive at a 6.5% CAGR during the forecast period. It is set to attain a valuation of USD 2,439.2 million by 2033.
The global industrial weighing equipment market is fragmented, with leading players accounting for 25% to 30% share. Mettler-Toledo International Inc., Avery Weigh-Tronix, and A&D Weighing are the leading manufacturers and suppliers of industrial weighing equipment listed in the report.
Key industrial weighing equipment manufacturers are investing in continuous research to produce new products 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
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 4,622.0 million |
Projected Market Size (2033) | USD 8,242.7 million |
Anticipated Growth Rate (2023 to 2033) | 6.0% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (USD million) and Volume (Units) |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Market Segments Covered | Product Type, Type, Capacity, End-use, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia and Pacific; Middle East and Africa |
Key Countries Covered | United States, Canada, Mexico, Brazil, Chile, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Balkan and Baltics, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Kingdom of Saudi Arabia, Other GCC Countries, Türkiye, South Africa |
Key Companies Profiled | Mettler-Toledo International Inc.; Avery Weigh-Tronix; RADWAG Wagi Elektroniczne; Adam Equipment; A&D Weighing; Minebea intec; Thompson Scale Company; Easiweigh Limited; AFI Group; Rice Lake Weighing Systems; Fairbanks Scales; Ohaus Corporation |
The global market was valued at US$ 4,400.1 million in 2022.
The global market was valued at US$ 4,622.0 million in 2023.
Demand for industrial weighing equipment is anticipated to rise at 6.0% CAGR.
The market is set to reach US$ 8,242.7 million by 2033.
Mettler-Toledo International Inc., Avery Weigh-Tronix, and A&D Weighing are key market players.
Base Market Value (2023) | USD 1,191.4 million |
---|---|
Projected Market Value (2033) | USD 1,898.7 million |
Value-based CAGR (2023 to 2033) | 4.8% |
Market Value in 2023 | USD 1,347.7 million |
---|---|
Projected Revenue (2033) | USD 2,382.4 million |
Value-based CAGR (2023 to 2033) | 5.9% |
Market Estimated Size in 2024 | USD 527.6 million |
---|---|
Projected Market Value in 2034 | USD 695.4 million |
Value-based CAGR (2024 to 2034) | 2.4% |
Market Estimated Value (2023) | USD 263.6 million |
---|---|
Market Estimated Value (2033) | USD 355.0 million |
Market Value CAGR (2023 to 2033) | 3.0% |
Explore Operational Equipment Insights
View ReportsThank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.