Electronic Weighing Scale Market

Electronic Weighing Scale Market Forecast 2023

Electronic Weighing Scale Market Report-Forecast 2023

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Electronic Weighing Scale Market Forecast 2023

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Copyright © 2017 Market Research Future.

Electronic Weighing Scale Market Forecast 2023

Summary The global electronic weighing scale market is expected to grow from USD 3.35 billion in 2017 to USD 4.57 billion by 2023, at a CAGR of 5.54%, during the forecast period.

An Electronic Weighing Scale Market is a device that is used to measure the weight of any object ranging from feather to a loaded tractor-trailer. The electronic weighing scale measures the weight and converts it into electrical form. These measurements in electric form are then processed and displayed on the LCD screen in a decipherable format.

The key benefits of electronic weighing scales market include compact size, high accuracy, flexibility of weighing multiple loads, and provision of online processing.

Growing industrial automation and rapid deployment of electronic weighing scales in the retail and jewelry outlets drive the growth in the electronic weighing scale market.

However, high cost of these macines as compared to the traditional weighing scales can limit the adoption and consequently affect the market growth.

The global electronic weighing scale market has been segmented based on type, enduse vertical, and region.

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Electronic Weighing Scale Market Forecast 2023

Major Key Players: The prominent players in the electronic weighing scale market are Tanita Corporation (Japan), A&D Company, Limited (US), Fairbanks Scales (US), Adam Equipment (UK), Essae-Teraoka Pvt. Ltd. (India), KERN & SOHN GmbH (Germany), Mettler Toredo (US), Contech Instruments Ltd (India), Shinko Denshi Co., Ltd (Japan), Cardinal Scale Manufacturing Company (US), Doran Scales, Inc. (US), and Avery Weigh Tronix LLC (US).

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Electronic Weighing Scale Market Forecast 2023

Segmentation:

By type, the market has been segregated into table top scale, platform scale, precision scale, pocket scale, and others By end-use vertical, the market has been segmented into industrial, veterinary, scientific/laboratory, jewelry, food & beverages, health & fitness, industrial, education/research, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Electronic Weighing Scale Market Forecast 2023

Regional Analysis: The global market for electronic weighing scale market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the electronic weighing scale market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America followed by Europe is expected to dominate the electronic weighing scale market from 2018 to 2023 owing to the increasing automation across different industry verticals that demand the use of automated electronic measuring devices for testing and measurement. Furthermore, high concentration of market players in the region and availability of proficient technical expertise propel the demand for electronic weighing scale in the region.

Asia-Pacific is expected to register the fastest growth due to easy availability of lowcost raw material that promotes mass production of low-cost electronic scales. The major countries identified to witness high growth in Asia-Pacific are China, Japan, Australia, and India that are witnessing a wide adoption of electronic gem scales.

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Copyright Š 2017 Market Research Future.