Digital Transformation of Weighing Scales is Fuelling the Expansion of the Electronic Weighing Scale Market
Businesses can now access data more effectively without a physical connection while also enhancing quality control, efficiency, task automation, and waste minimization owing to the new connectivity feature that allows the weighing scale to connect to the internet via WiFi or Bluetooth. For instance, the Renpho Bluetooth Bodyfat Scale excels at providing 13 different measurements including weight, BMI, body fat etc. The Renpho Bluetooth Bodyfat Scale is also compatible with Samsung Health, Fitbit, Apple Health, and Google Fit, along with Apple Watch. As a result, it is crucial that the technology used to make weighing scales evolves if industries are to remain competitive.
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Increasing Demand of Electronic Weighing Scale in Commercial and Residential Sectors Among Others is Driving the Market Growth
The market for electronic weighing machines is anticipated to have increased demand as automation is increasingly adopted in a variety of industries. In the coming years, the market for electronic weighing machines is anticipated to be driven by issues and higher labor costs associated with manual weighing machines. Automatic electronic weighing devices can help shorten the time needed for weighing activities. Every industry requires electronic weighing devices in one way or another, hence market growth for these devices is anticipated to be influenced by the expansion of various industries. The market provides a wide range of possibilities for the creation of machines that are more accessible, accurate, and precise.
Recent Trends in the Electronic Weighing Scale Industry
- Integration of electronic weighing scale with IoT and smart technology to enhance accuracy.
- Digital and smart weighing scales with advanced features, and connectivity options.
- Customized and personalized electronic weighing scales for specific industries and applications.
- Integration of electronic weighing scale with Artificial Intelligence (AI).
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High Maintenance Costs and Higher Consumption of Electricity are Likely to Present Challenges for the Market Participants
Consequently, developing nations with a lack of energy could not have a greater adoption rate for the product. When compared to conventional and manual weighing equipment, high prices, electricity costs, and maintenance costs are the biggest barriers for the market in developing nations. All these elements are anticipated to hamper the development of the electronic weighing scale market.
New Product Launches, Collaborations & Acquisitions are Stimulating the Growth for Electronic Weighing Scales Market
Earlier in January 2020, D.C. Martin & Sons Scales Inc., a supplier of industrial scales and weighing equipment, was acquired by Mettler Toledo. Through this acquisition, Mettler's company was reinforced and its range of scales was expanded. Furthermore, a digital pocket scale that is water-resistant was introduced by Truweigh LLC in April 2019. Additionally, the product is also classified as IP65, making it dust-proof. The pocket scale has a platform made of black titanium chrome and a white backlit LCD.
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Rising Automation and Increasing Demand for Electronic Weighing Scales is Accelerating the Market Expansion
Additionally, the demand for electronic weighing scales in Europe is rising as a result of expanding international trade, which calls for improved logistics and transportation services. In addition to this, a significant driver of the expansion of the Asia Pacific market revenue is the wide availability of reasonably priced sensors, such as load sensors, which are an essential part of electronic weighing scales.
The demand and revenue growth of the electronic weighing scale market across the Asia Pacific is also being boosted by the growing adoption of digital measuring technology and equipment across various industry verticals due to features like durability, cost-effectiveness, and increased productivity as compared to traditional weighing scales. The market for electronic weighing scales has seen a rise in demand due to the adoption of these scales in Asia Pacific nations.
The Middle East and Africa region has recently made advancements in automated precision weighing, among other automated weighing technologies. For quicker, more accurate, and dependable weighing, this technology is further combined with sensors and numerous communication modules. These developments are driving the market for electronic weighing scales in the region.
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Kenya, Rest of MEA |
Electronic Weighing Scale Market Research Report Covers In-depth Analysis on:
- Electronic weighing scale market detailed segments and segment-wise market breakdown
- Electronic weighing scale market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in electronic weighing scale industry)
- Current, historical, and forthcoming 10 years market valuation in terms of electronic weighing scale market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Electronic weighing scale market demand analysis
- Electronic weighing scale market pricing analysis over the forecast period (by key segment and by region)
- Electronic weighing scale market regional insights with a region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the electronic weighing scale market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the electronic weighing scale market
- Electronic weighing scale market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the electronic weighing scale market forecast by countries
- Mergers and acquisitions in the electronic weighing scale market
- Essential information to enhance market position
- Robust research methodology