The global electronic weighing scale market is projected to grow at a CAGR of 5% during the assessment period 2017-2025, according to a latest research added to the repository of Market Research Reports Search Engine (MRRSE). The report titled “Global Market Study on Electronic Weighing Scales: Industrial Scales Projected to be the Most Attractive Application Segment Through 2025” offers in-depth analysis on the key factors impacting the electronic weighing scales market.
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The report offers readers comprehensive analysis on the major factors that are influencing the market. Electronic weighing scales are used across a range of industries, including healthcare, retail, jewelry, and industrial applications. Steady demand from these end-use industries is likely to provide an impetus to the growth of the market during the assessment period.
The report offers segment-wise analysis to offer readers in-depth analysis on the lucrative and sluggish avenues in the market. The market has been segmented on the basis of type, application, and region. On the basis of type, table top scale is one of the largest, accounting for nearly 35% revenue share of the market. Demand for platform scale is also growing at a brisk pace, and it is likely that this segment will remain at second position during the assessment period.
By application, industrial scales is one of the largest segments, and the report projects this segment to grow at a steady CAGR during the assessment period. The industrial scales application segment is likely to account for nearly 33% revenue share of the market throughout the assessment period. Demand for electronic weighing scales is also robust in retail segment, with retail scales accounting for nearly 24% revenue share of the market.
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Asia Pacific continues to be the leading market for electronic weighing scales globally. The demand for electronic weighing scales in the region is driven by robust demand from end-use industries. China and India are among the most prominent markets for electronic weighing scales in Asia Pacific. According to the report, APEJ is likely to account for nearly 35% revenue share of the market globally. In addition to APEJ, Europe is another lucrative market for electronic weighing scales globally.
The report also profiles some of the leading players in the electronic weighing scales market. The companies have been profiled on the basis of their financials, with business and product strategies discussed in detail. Some of the leading players in the market include Mettler Toredo, KERN & SOHN GmbH, Tanita, A&D Engineering, Adam Equipment, Fairbanks Scales, Essae group, Avery Weigh Tronix LLC, Rice Lake Weighing Systems, Contech Instruments Ltd., Cardinal Scale Manufacturing Company, and Doran Scales, Inc.
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