Dublin, June 01, 2023 (GLOBE NEWSWIRE) -- The "Industrial Weighing Equipment Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial weighing equipment market is expected to grow from $2.06 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The industrial weighing equipment market is expected to grow to $2.72 billion in 2027 at a CAGR of 5.5%.
Growing international trade is expected to propel the growth of the industrial weighing equipment market going forward. International trade refers to the transfer of capital, commodities, and services between various countries and across international borders. The rise in international trade gives rise to transport and logistics demand, and the rise in transport and logistics demand gives rise to the industrial weighing equipment market.
For instance, in February 2022, according to the Global Trade Update report by The United Nations Conference on Trade and Development(UNCTAD), an intergovernmental organization intended to promote the interests of developing states in world trade, the value of global trade reached a record level of $28.5 trillion in 2021, an increase of 25% over 2020 and an increase of 13% over 2019 prior to the COVID-19 pandemic. Therefore, growing international trade is driving the industrial weighing equipment market.
Introducing innovative features is a key trend gaining popularity in the industrial weighing equipment market. Major players operating in the industrial weighing equipment market are developing products with more and more innovative features for providing industrial weighing equipment services.
In January 2022, Valsoft, a Canada-based company focused on establishing and acquiring vertical market software businesses, acquired Advanced Weighing Systems (AWS) for an undisclosed amount. This acquisition is expected to increase the number of customers and the product portfolio of Valsoft. Advanced Weighing Systems (AWS) is a US-based company that focuses on providing bulk material handling companies with high-end automation scale.
North America was the largest region in the industrial weighing equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial weighing equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the industrial weighing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for industrial weighing equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial weighing equipment market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Electronic Industrial Weighing Equipments; Machinery Industrial Weighing Equipments; Electromechanical combined with Industrial Weighing Equipments; Other Types
2) By Application: Industrial Manufacturing; Transportation & Logistics; Chemical Processing; Metal & Mining; Food & Beverages; Waste Recycling; Other Applications
3) By Distribution Channel: Online; Offline
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $2.19 billion |
| Forecasted Market Value (USD) by 2027 | $2.72 billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Industrial Weighing Equipment Market Characteristics
3. Industrial Weighing Equipment Market Trends And Strategies
4. Industrial Weighing Equipment Market - Macro Economic Scenario
5. Industrial Weighing Equipment Market Size And Growth
6. Industrial Weighing Equipment Market Segmentation
7. Industrial Weighing Equipment Market Regional And Country Analysis
A selection of companies mentioned in this report includes
- A&D Weighing
- Easiweigh Ltd
- Bilwinco AS
- CI Precision Ltd.
- Mettler-Toledo International Inc.
- Maguire Products Inc.
- Avery Weigh-Tronix LLC
- Minebea Intec GmbH
- Fairbanks Scales Inc.
- OHAUS Corporation
- ATRAX Group NZ Ltd.
- Thompson Scale Company
- D Brash & Sons Ltd.
- Autoweigh Scales
- KERN & SOHN GmbH
For more information about this report visit https://www.researchandmarkets.com/r/pxywjq
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