DUBLIN--(BUSINESS WIRE)--The "Industrial Weighing Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Industrial Weighing Equipment estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.
Industrial Manufacturing, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$805.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation & Logistics segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $570.2 Million, While China is Forecast to Grow at 6.7% CAGR
The Industrial Weighing Equipment market in the U.S. is estimated at US$570.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$474.1 Million by the year 2027, trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Select Competitors (Total 183 Featured) -
- A&D Weighing
- ATRAX Group NZ Ltd.
- Avery Weigh-Tronix, LLC
- Bilwinco AS
- CI Precision Ltd.
- D Brash & Sons, Ltd.
- Easiweigh Limited
- Fairbanks Scales, Inc.
- Maguire Products, Inc.
- Mettler-Toledo International, Inc.
- Minebea Intec
- OHAUS Corporation
- RADWAG Wagi Elektroniczne
- Thompson Scale Company
- Walz Scale
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 and a Looming Global Recession
- Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
- Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Industrial Weighing Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- An Introduction to Industrial Weighing Equipment
- Load Cells: Core Component of Weighing Instruments
- Types of Industrial Weighing Equipment
- Floor Scales
- Bench Scales
- Continuous Weigh Feeders
- Continuous Weighing Equipment
- Check-Weighing Scales
- Precision Balances
- Transportation Scales
- Electronic Weigh Scales
- Factors Impacting Performance of Industrial Weighing Scales
- Global Market Prospects & Outlook
- Shift from Manual to Automated Solutions: A Prominent Trend in the Market
- Manufacturing Remains Pivotal Segment of Industrial Weighing Equipment Market
- Developed Regions Lead, Developing Economies to Fuel Long-term Growth
- Competition
- World Brands
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Technological Trends Transform Industrial Weighing Equipment Market
- Wireless Weighing to Gather Steam
- Programmable Weighing Systems Find Favor in Industrial Applications
- Cloud-Based Industrial Weighing Machines to Gain Wider Adoption
- Introduction of Sophisticated Weighing Equipment
- Weighing Equipment Gets Smarter
- Dynamic Scales with New Functions
- Upgraded Weighing Equipment for Terminals & Ports
- Loaders with Weighing Technology
- Automated and Digital Weighing Scales Adoption Rise Amidst the Automation Trend in Industries
- Digital Technology Proves Beneficial for Weighing Service Providers
- End-Use Industries Flock toward Automated Weighing Equipment to Streamline Tasks
- Industry 4.0 Redefines Manufacturing, Driving Demand for Industry 4.0 Compliant Weighing Solutions
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Artificial Intelligence Transforms Weighing Equipment into Intelligent Systems
- AI-Ready Weighbridge for Waste and Recycling Applications
- Waste Reduction through Weighing Equipment Gives Thrust to Lean Manufacturing
- Mobile Weighing Technology Emerges to Address Need for Faster Transportation & Logistics
- Technology Advancements & Innovations in Industrial Weighing Machines to Spur Growth
- Select Innovations in Industrial Weighing Equipment
- Developments in Load Cell Technology Influence Weighing Machinery
- USB Load Cells Come to Fore
- Digital Load Cells Gain Prominence in Specialized Applications
- Common Issues Facing Load Cells
- Transportation & Logistics Emerges as a Key Driver of Demand Growth
- International Trade Volumes: An Indicator of Potential Opportunities
- Volume Growth (in %) for Worldwide Merchandise Exports & Imports for Q1 2018 through Q3 2020
- Global Merchandise Trade Exports Volume Growth (in %) by Region for 2018-2020
- Global Merchandise Trade Imports Volume Growth (in %) by Region for 2018-2020
- Scales for Weighing Truckloads: An Overview
- Lift Truck Scales for Logistics and Shipping Operations
- Potential Opportunities for On-Board Vehicle Weighing Systems
- E-Commerce Growth Presents Opportunities for Weighing Scales
- Weighing Systems Improve Efficiency of Mining Operations
- Breakdown of Key Risk Factors for Mining & Metals Industry in 2020
- Industrial Weighing Scales Critical in Mining Operations
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/rfgh14
