Electronic Weighing Machines Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Laboratory Scale, Retail Scale), By Distribution Channel (Online, Offline), By Region, & Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

 USD 4.30 Billion

Market Size (2029)

USD 5.37 Billion

CAGR (2024-2029)

3.8%

Fastest Growing Segment

Online

Largest Market

Asia Pacific

Market Overview

The global Electronic Weighing Machines market was valued at USD 4.30 billion in 2023 and is expected to reach USD 5.37 billion by 2029 with a CAGR of 3.8% during the forecast period. The demand for electronic weighing machines is rising in both commercial and residential areas, driven by expanding economic activities and advancements in technology specific to laboratory balances and scales. The growth of the market is primarily due to the increasing importance of precision in various operations. Attributes such as accuracy, dependability, portability, ease of calibration, and added functionalities are enhancing the adoption and penetration of these machines. Furthermore, these machines provide multiple units of measurement, facilitating easy conversions between units like grams and ounces, which is shifting consumer preference from traditional to digital/electronic weighing machines.

Key Market Drivers

Increasing Demand in Commercial and Residential Sectors

One significant factor driving demand for electronic weighing machines is the escalation in economic activities in both commercial and residential sectors. Precise and reliable measurements have become critical, which is spurring the demand for advanced weighing solutions. The rise in technological innovation related to laboratory balances and scales is another major driver for this demand. In addition, electronic weighing machines boast attributes like accuracy, reliability, durability, and ease of calibration, which make them a preferred choice over traditional weighing machines. For Instance, in 2023, Precisa's 520 PT and PB analytical and precision balances have successfully passed EU/OIML/UKCA certification, which opens up new industries and working environments where these balances can be used for accurate measurement recording. The OIML certification ensures these balances can be officially verified and used in legal-for-trade applications, such as in the jewelry, medical, pharmaceutical, and commoditized goods industries. The availability of multiple units of measurement and the simplicity of converting between units like grams and ounces also make them an attractive option. This trend is prominently observed in both commercial spaces, such as retail stores, and residential settings, including home-based businesses where space-saving and portability are essential

Technological Advancements

The market growth is also significantly driven by technological advancements, particularly in laboratory balances and scales. Continuous innovation ensures increased precision, reliability, and enhanced functionality, positioning these machines as the go-to option for various applications, including research. For instance, new products featuring water resistance with IP65 ratings are establishing new benchmarks. In 2020, The Precisa Series 520 Balances, developed by Precisa Gravimetrics AG in Switzerland, feature the innovative PHASTbloc™ weighing cell technology was launched. These balances offer efficient maintenance and repair, affordability, and an environmentally friendly approach, making them suitable for various applications in laboratories, pharmaceutical, food, and consumer goods industries, as well as jewelry businesses and production areas. The Series 520 Balances are designed for precise and demanding routine work, with a focus on reliability and user-friendliness. These devices come with state-of-the-art features such as white backlit LCDs and black titanium chrome platforms, making them highly user-friendly and appealing. Home-based business owners find these portable machines particularly useful due to their ease of use and space efficiency. These technological developments are consistently reshaping consumer preferences, steering them away from traditional weighing systems towards more efficient electronic alternatives.

                                                            
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Key Market Challenges

Electricity Dependency and High Maintenance Costs

One of the primary challenges faced by the electronic weighing machines market is the dependence on electricity for their operation. In the absence of electrical power, these machines become non-functional, causing consumers to consider manual or spring-operated weighing machines as feasible alternatives. This particular issue is more pronounced in developing countries where electricity shortages and inconsistencies are prevalent, resulting in lower adoption rates of electronic weighing machines. Additionally, the high maintenance costs and increased electricity bills associated with these machines make them less appealing compared to traditional manual machines. In regions with unstable electricity supply, these factors significantly impede market growth, limiting the wider adoption of electronic weighing machines.

High Prices in Developing Countries

Another major challenge the market encounters is the relatively higher cost of electronic weighing machines compared to traditional manual systems, which is more prevalent in developing nations. The high cost can deter potential customers from opting for these advanced devices, especially when cheaper, traditional alternatives are available. The combination of high purchase prices, along with maintenance costs and additional electricity expenses, poses a substantial obstacle for market penetration in developing countries. This financial barrier slows adoption rates, limiting market expansion and presenting a significant challenge for manufacturers and distributors aiming to extend their market reach effectively.

Key Market Trends

Shift Towards Portable and Compact Products

Companies operating in the electronic weighing machines market are increasingly focusing on developing compact and portable products to capture a larger share of the market. Owners of home-based businesses, in particular, are significant consumers of portable weighing machines due to their space-saving qualities, ease of transport, and accurate measurement capabilities comparable to larger models. Products such as water-resistant digital pocket scales with advanced features like IP65 ratings for dust and water resistance, white backlit LCDs, and titanium chrome platforms are gaining popularity. This trend towards enhanced portability and compactness is driving innovation, encouraging companies to incorporate cutting-edge technology to achieve higher precision in their products.

Enhanced Commercial Certification

The rise in commercial activities and the increased preference for products with certifications such as those from the National Institute of Standards and Technology (NIST), the National Conference on Weights and Measures (NCWM), and the National Type Evaluation Program (NTEP) are also pivotal trends fueling market growth. Consumers are progressively seeking products that have been verified and certified to ensure quality and regulatory compliance. This inclination is particularly noticeable in the purchasing behavior of products used in retail and commercial applications. The growing demand for certified products encourages manufacturers to pay more attention to quality and compliance, ultimately driving market expansion.

Segmental Insights

Distribution Channel Insight

Regarding revenue, the retail scale segment led the market, owing to increasing urbanization and a rising number of retail stores are significant contributors to the growth of this segment. Data from the Census Bureau in 2018 indicated a net increase in retail stores in the United States, demonstrating a robust market for retail scales. The need for precision measurement in retail operations also contributes to the growth of this segment. Smaller retail stores, including those with fewer than five employees, are increasingly adopting electronic weighing machines to ensure accuracy in their transactions, which in turn drives segment growth.

Type Insight

The laboratory-scale category is projected to the fastest growing segment. This strong growth is driven by technological advancements in laboratory scales and an increase in research projects within pharmaceutical and biotech companies. For example, in June 2019, RADWAG Balances and Scales launched the 4Y PLUS laboratory balances featuring a reflex level system and RADWAG connect for remote control of the balance. These advanced features are attracting significant interest from lab-based users, boosting the growth of this segment


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Regional Insights

Dominance of Asia Pacific

Asia Pacific held the largest share of the electronic weighing machines market. The substantial presence of regional players, the large number of retail stores and laboratories, and increased health awareness among consumers are driving the demand in this region. Countries such as China and India are leading contributors to this growth. The low cost of these machines in the region, supported by the presence of regional manufacturers, also contributes to the higher penetration and dominance of electronic weighing machines in Asia Pacific.

Growth in North America

North America is expected to be the fastest growing, propelled by increasing automation across the region. The United States plays a major role due to its extensive pharmaceutical sector, strong retail channels, and rising demand from households to monitor their health. The growing awareness regarding the importance of maintaining health and wellness is fueling the demand for home-based electronic weighing machines. This trend is projected to persist, further driving market growth in this region.

Recent Developments

Product Innovations and Launches

  • To stay competitive and gain market share, companies are focusing on product innovations and frequent launches. In 2018, Kern & Sohn GmbH introduced a premium analytical balance with single-cell generation that delivers rapid and stable weighing results. This device also features a bright OLED display with a wide viewing angle and USB interfaces for easy data transfer to external devices. These innovative products meet the evolving needs of consumers and businesses, ensuring precise and reliable measurements in various applications. 
  • In 2024, the new NW model electronic weighing scale from Nitiraj Engineers Ltd was launched. The scale has a weighing capacity of 8/20 kilograms and an accuracy of 1/2 grams, catering to diverse weighing needs. The key features include a dual-display system for improved visibility, a high-performance Li-Ion battery with USB-C charging for extended operational life, and the product's association with the renowned PHOENIX brand known for quality and innovation.
  • In 2023, The China International Weighing Instrument Exhibition  a prominent event was organized to showcased the latest innovations in the weighing scale industry. HPRT's sub-brand "ONEPLUSONE" specializes in integrating AI technology into commercial weighing scales, offered enhanced efficiency and smarter business operations.

Integration of Advanced Features

  • Technological integration continues to be a priority for market participants. In April 2019, Truweigh LLC introduced a water-resistant digital pocket scale with an IP65 rating, making it dust-proof and more resilient. The scale's white backlit LCD and black titanium chrome platform enhance its usability and aesthetic appeal. The inclusion of advanced features helps manufacturers attract a broader customer base and meet diverse application requirements more efficiently. 

Key Market Players

  • A&D Co,.Ltd (A&D) 
  • Mettler-Toledo International, Inc.
  • Doran Scales, Inc.
  • Essae-Teraoka Pvt. Ltd.
  • Fairbanks Scales Inc.
  • Kern & Sohn GmbH
  • BONSO Electronics International Inc.
  • Shimadzu Corporation
  • Sartorius AG
  • Avery Weigh-Tronix, LLC

By Type

By Distribution Channel

By Region
  • Laboratory Scale
  • Retail Scale
  • Online
  • Offline
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the global electronic weighing machines market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·          Electronic Weighing Machines Market, By Type:

o   Laboratory Scale

o   Retail Scale

·         Electronic Weighing Machines Market, By Distribution Channel:

o   Online

o   Offline

·         Electronic Weighing Machines Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global electronic weighing machines market.

Available Customizations:

Global Electronic Weighing Machines market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Electronic Weighing Machines Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Electronic Weighing Machines Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Laboratory Scale, Retail Scale)

5.2.2.    By Distribution Channel Market Share Analysis (Online, Offline)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        Asia-Pacific Market Share Analysis

5.2.3.4.        Middle East & Africa Market Share Analysis

5.2.3.5.        South America Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Electronic Weighing Machines Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North America Electronic Weighing Machines Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Distribution Channel Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        United States Electronic Weighing Machines Market Outlook

6.2.3.1.1.           Market Size & Forecast

6.2.3.1.1.1.               By Value

6.2.3.1.2.           Market Share & Forecast

6.2.3.1.2.1.               By Type Market Share Analysis

6.2.3.1.2.2.               By Distribution Channel Market Share Analysis

6.2.3.2.        Canada Electronic Weighing Machines Market Outlook

6.2.3.2.1.           Market Size & Forecast

6.2.3.2.1.1.               By Value

6.2.3.2.2.           Market Share & Forecast

6.2.3.2.2.1.               By Type Market Share Analysis

6.2.3.2.2.2.               By Distribution Channel Market Share Analysis

6.2.3.3.        Mexico Electronic Weighing Machines Market Outlook

6.2.3.3.1.           Market Size & Forecast

6.2.3.3.1.1.               By Value

6.2.3.3.2.           Market Share & Forecast

6.2.3.3.2.1.               By Type Market Share Analysis

6.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.    Europe Electronic Weighing Machines Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Distribution Channel Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        France Electronic Weighing Machines Market Outlook

7.2.3.1.1.           Market Size & Forecast

7.2.3.1.1.1.               By Value

7.2.3.1.2.           Market Share & Forecast

7.2.3.1.2.1.               By Type Market Share Analysis

7.2.3.1.2.2.               By Distribution Channel Market Share Analysis

7.2.3.2.        Germany Electronic Weighing Machines Market Outlook

7.2.3.2.1.           Market Size & Forecast

7.2.3.2.1.1.               By Value

7.2.3.2.2.           Market Share & Forecast

7.2.3.2.2.1.               By Type Market Share Analysis

7.2.3.2.2.2.               By Distribution Channel Market Share Analysis

7.2.3.3.        Spain Electronic Weighing Machines Market Outlook

7.2.3.3.1.           Market Size & Forecast

7.2.3.3.1.1.               By Value

7.2.3.3.2.           Market Share & Forecast

7.2.3.3.2.1.               By Type Market Share Analysis

7.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.2.3.4.        Italy Electronic Weighing Machines Market Outlook

7.2.3.4.1.           Market Size & Forecast

7.2.3.4.1.1.               By Value

7.2.3.4.2.           Market Share & Forecast

7.2.3.4.2.1.               By Type Market Share Analysis

7.2.3.4.2.2.               By Distribution Channel Market Share Analysis

7.2.3.5.        United Kingdom Electronic Weighing Machines Market Outlook

7.2.3.5.1.           Market Size & Forecast

7.2.3.5.1.1.               By Value

7.2.3.5.2.           Market Share & Forecast

7.2.3.5.2.1.               By Type Market Share Analysis

7.2.3.5.2.2.               By Distribution Channel Market Share Analysis

8.    Asia-Pacific Electronic Weighing Machines Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Distribution Channel Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        China Electronic Weighing Machines Market Outlook

8.2.3.1.1.           Market Size & Forecast

8.2.3.1.1.1.               By Value

8.2.3.1.2.           Market Share & Forecast

8.2.3.1.2.1.               By Type Market Share Analysis

8.2.3.1.2.2.               By Distribution Channel Market Share Analysis

8.2.3.2.        Japan Electronic Weighing Machines Market Outlook

8.2.3.2.1.           Market Size & Forecast

8.2.3.2.1.1.               By Value

8.2.3.2.2.           Market Share & Forecast

8.2.3.2.2.1.               By Type Market Share Analysis

8.2.3.2.2.2.               By Distribution Channel Market Share Analysis

8.2.3.3.        India Electronic Weighing Machines Market Outlook

8.2.3.3.1.           Market Size & Forecast

8.2.3.3.1.1.               By Value

8.2.3.3.2.           Market Share & Forecast

8.2.3.3.2.1.               By Type Market Share Analysis

8.2.3.3.2.2.               By Distribution Channel Market Share Analysis

8.2.3.4.        Vietnam Electronic Weighing Machines Market Outlook

8.2.3.4.1.           Market Size & Forecast

8.2.3.4.1.1.               By Value

8.2.3.4.2.           Market Share & Forecast

8.2.3.4.2.1.               By Type Market Share Analysis

8.2.3.4.2.2.               By Distribution Channel Market Share Analysis

8.2.3.5.        South Korea Electronic Weighing Machines Market Outlook

8.2.3.5.1.           Market Size & Forecast

8.2.3.5.1.1.               By Value

8.2.3.5.2.           Market Share & Forecast

8.2.3.5.2.1.               By Type Market Share Analysis

8.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.    Middle East & Africa Electronic Weighing Machines Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Distribution Channel Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        South Africa Electronic Weighing Machines Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Type Market Share Analysis

9.2.3.1.2.2.               By Distribution Channel Market Share Analysis

9.2.3.2.        Saudi Arabia Electronic Weighing Machines Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Type Market Share Analysis

9.2.3.2.2.2.               By Distribution Channel Market Share Analysis

9.2.3.3.        UAE Electronic Weighing Machines Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Type Market Share Analysis

9.2.3.3.2.2.               By Distribution Channel Market Share Analysis

9.2.3.4.        Turkey Electronic Weighing Machines Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Type Market Share Analysis

9.2.3.4.2.2.               By Distribution Channel Market Share Analysis

9.2.3.5.        Kuwait Electronic Weighing Machines Market Outlook

9.2.3.5.1.           Market Size & Forecast

9.2.3.5.1.1.               By Value

9.2.3.5.2.           Market Share & Forecast

9.2.3.5.2.1.               By Type Market Share Analysis

9.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.2.3.6.        Egypt Electronic Weighing Machines Market Outlook

9.2.3.6.1.           Market Size & Forecast

9.2.3.6.1.1.               By Value

9.2.3.6.2.           Market Share & Forecast

9.2.3.6.2.1.               By Type Market Share Analysis

9.2.3.6.2.2.               By Distribution Channel Market Share Analysis

10. South America Electronic Weighing Machines Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Distribution Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Brazil Electronic Weighing Machines Market Outlook

10.2.3.1.1.         Market Size & Forecast

10.2.3.1.1.1.            By Value

10.2.3.1.2.         Market Share & Forecast

10.2.3.1.2.1.            By Type Market Share Analysis

10.2.3.1.2.2.            By Distribution Channel Market Share Analysis

10.2.3.2.     Argentina Electronic Weighing Machines Market Outlook

10.2.3.2.1.         Market Size & Forecast

10.2.3.2.1.1.            By Value

10.2.3.2.2.         Market Share & Forecast

10.2.3.2.2.1.            By Type Market Share Analysis

10.2.3.2.2.2.            By Distribution Channel Market Share Analysis

10.2.3.3.     Colombia Electronic Weighing Machines Market Outlook

10.2.3.3.1.         Market Size & Forecast

10.2.3.3.1.1.            By Value

10.2.3.3.2.         Market Share & Forecast

10.2.3.3.2.1.            By Type Market Share Analysis

10.2.3.3.2.2.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Electronic Weighing Machines Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. A&D Co,.Ltd (A&D) 

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Mettler-Toledo International, Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Doran Scales, Inc.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Essae-Teraoka Pvt. Ltd  

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5.  Fairbanks Scales Inc

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Kern & Sohn GmbH

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. BONSO Electronics International Inc.

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Shimadzu Corporation

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Sartorius AG

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10. Avery Weigh-Tronix, LLC

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Type

15.3.             Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size was valued at USD 4.30 billion in 2023.

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The market is expected to grow at a CAGR of 3.8% from 2024 to 2029

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The Asia Pacific region led the electronic weighing machines market, driven by the presence of key regional players, a high number of retail stores and laboratories, and a growing consumer focus on health and wellness, all of which are fueling demand in the region.

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The laboratory-scale segment is expected to grow at the fastest driven by technological advancements in laboratory scales and an increase in research projects within pharmaceutical and biotech companies.

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