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Electronic Weighing Machine Market Size, Share, and Analysis By Product Type (Health Scale, Retail Scale, Laboratory Scale, Kitchen Scale, Jewelry Scale, and Others), By Sales Channel (Offline and Online), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI107942 | Status : UpcomingThe growing use of electronic weighing machines in healthcare and chemical laboratories is driving the global market. When determining the weight and mass of a sample or solution, it produces the most precise and accurate results. The growing number of scientific applications for precision weights and balances of various weight capacities increases the demand for such products. The increased awareness of persons suffering from health conditions such as obesity and overweight is also driving the worldwide electronic weighing machine market. The need for various forms of health scales, including electronic weighing scales, is driven by people's concerns about weight-measuring instruments.
- According to NHS Digital's Health Survey for England 2019, 28 percent of adults in England are obese, while 36.2 percent are overweight but not obese.
To achieve a notable share in the global electronic weighing machine market, companies are increasingly focusing on the production of compact and portable items. They are focused on the integration of new technology to achieve greater precision. With their digitally embedded features, these scales can calculate an individual's fat-to-muscle ratio and measure their body mass index (BMI). Individuals can track their weight while participating in weight loss exercises and fitness activities, resulting in increased product demand in households.
- For instance, Truweigh LLC, released a water-resistant digital pocket scale in April 2019 with portability, thus aiding users' convenience.
Furthermore, the company's product line is being expanded through strategic acquisitions and partnerships with recognized producers of health equipment. This would drive product purchases among the customers.
- Mettler Toledo acquired D.C. Martin & Sons Scales Inc., a supplier of industrial weighing and scales systems, in February 2020. Mettler Toledo made this acquisition to grow its business and diversify its portfolio.
Impact of COVID-19 on Electronic Weighing Machine Market
The COVID-19 outbreak has had a significant impact on the global electronic weighing machine industry. Due to regulatory lockdowns and strict protocols, the industry is projected to take a long time to recover from the pandemic.
- Despite the unprecedented decline, the consumer electronics market is likely to see a modest comeback in consumer electronics and other goods sales. The Retailers Association of India (RAI) survey for consumer durables reveals yearly sales growth of 10 % in January 2021.
- Also, consumer electronics witnessed a 15 % improvement in yearly sales growth in Feb 2021, respectively.
Key Insights
The report will cover the following key insights:
- The need for various forms of health scales, including electronic weighing scales, is driven by people's concerns about weight measuring instruments.– For Electronic Weighing Machine Market.
- Companies are increasingly focusing on the production of compact and portable items – For the Electronic Weighing Machine Market.
- Overview of Electronic Weighing Machine Market -- For Electronic Weighing Machine Market.
- Strategic acquisitions and partnerships with recognized producers of health equipment -- For Electronic Weighing Machine Market.
- Impact of COVID-19 on Electronic Weighing Machine Market.
Regional Analysis
Due to the presence of some of the world's most prominent manufacturers specializing in advanced electronics manufacturing technologies and delivering breakthroughs in products and services, the Asia Pacific region accounts for the highest share of the electronics weighing machine market. The region's efficient delivery channels have encouraged businesses and entrants to deliver innovative products and technology, boosting consumer electronics sales, especially electronic weighing machines.
- According to the Retailers Association of India (RAI) report, consumer electronics and appliances sales in India have increased by 23.5% in the third quarter of FY21.
- Also, the Electronics hardware production increased from USD 72.38 billion in 2019 to USD 89.38 billion in FY20.
Key Players Covered
- Doran Scales Inc.
- Fairbanks Scales Inc.
- Mettler-Toledo International Inc.
- Kern&Sohn GmbH
- Sartorius Group
- BONSO Electronics International Inc.
- Shimadzu Corporation
- Cardinal Scales Manufacturing Co.
- Adam Equipment
Electronic Weighing Machine Market Segmentation Analysis:
By Product Type | By Sales Channel | By Geography |
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Analysis by Product Type
The Retail Scale type accounts for the most significant proportion of the global electronic weighing machine industry due to its widespread usage in retail stores, including supermarkets, departmental stores, and other stores. Product demand has been aided by the expanding number of retail outlets in developing countries. The retail weighing scale is commonly seen in many grocery stores and aids in the measurement of the weight of various supermarket items; as a result, it is increasing in popularity in the market.
Analysis by Sales Channel
Due to online channels' continuous offering of discounted shopping among a wide range of brands, the online channel is predicted to have the largest share of the worldwide electronic weighing machine industry. The fast growth of e-commerce channels and online buying has boosted consumer purchasing behavior. Vendors utilize online shopping portals to showcase a wide range of branded products and accessories, leveraging the user's interest in purchasing through these channels.
Key Industry Developments
- March 2021: OSS Infocom launched the elite range of health scales in India. The health scales are simple to pair with mobile devices and include manual tracking features. In addition, the eOnz health scale can measure an individual's Body Circumference, Baby Weight, and Daily Water Intake.
- June 2019: Fibre Extrusion Technology (FET) launched a new pilot and small-scale production line for wet spinning technology at ITMA Barcelona.
- Global
- 2023
- 2019-2022