The Global Laboratory Balances and Scales Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 4.6% CAGR during the forecast period.
The laboratory balances and scales are used to find out the mass of any object at an extreme level of precision. The mass of any object is determined by metric units like grams and kilograms or also in units of pounds and ounces. The balances have the characteristics to measure a broad range of substances, from a grain of synthetic solid measured by a microbalance to the mass of a big beaker on a triple beam balance.
Precision balances, compact balances, and analytical balances are the few general balances that are widely used. The modern-day weighing scale is developed weighing equipment consisting of a set of software to note and process the outcomes achieved by weighing. Earlier, electronic balances were available in the late 1960s with the feature to read and display one part in 10,000 portions.
Surely, it was a huge achievement by then, but today it has become possible to record weight to within 1 part in a few million by using a new weight detection framework and enhanced electronics. Balances and scales offer a high level of readability, a high level of accuracy, and a wide range of weighing.
Yet, a few factors can impact the results of balances and scales, such as the laboratory environment, operating temperature, moisture, vibration, and ventilation current. So, it is necessary to keep the weighing pan in a closed space or cover it to avoid the influence of dust or various contaminants. The samples in labs are kept at room temperature to avoid the development of the air current inside the closed area.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
The laboratory balances and scales are used to find out the mass of any object at an extreme level of precision. The mass of any object is determined by metric units like grams and kilograms or also in units of pounds and ounces. The balances have the characteristics to measure a broad range of substances, from a grain of synthetic solid measured by a microbalance to the mass of a big beaker on a triple beam balance.
Precision balances, compact balances, and analytical balances are the few general balances that are widely used. The modern-day weighing scale is developed weighing equipment consisting of a set of software to note and process the outcomes achieved by weighing. Earlier, electronic balances were available in the late 1960s with the feature to read and display one part in 10,000 portions.
Surely, it was a huge achievement by then, but today it has become possible to record weight to within 1 part in a few million by using a new weight detection framework and enhanced electronics. Balances and scales offer a high level of readability, a high level of accuracy, and a wide range of weighing.
Yet, a few factors can impact the results of balances and scales, such as the laboratory environment, operating temperature, moisture, vibration, and ventilation current. So, it is necessary to keep the weighing pan in a closed space or cover it to avoid the influence of dust or various contaminants. The samples in labs are kept at room temperature to avoid the development of the air current inside the closed area.
COVID-19 Impact Analysis
The market of laboratory balances has been negatively impacted by the COVID-19 pandemic due to the disturbance in the supply chain, which created a shortage of laboratory balances and scales. Furthermore, the COVID-19 pandemic has evolved and imposed several restrictions such as lockdowns, travel restrictions, compulsory vaccination procedures, and quarantines that disrupted the manufacturing and production of laboratory balances and scales. In addition to this, temporary closure of working of various industry verticals resulted in reduced demand for balances and scales. Moreover, the rising acquisition of laboratory balances and scales has been seen in several areas like Jewelry stores and art galleries, which is expected to support the development of the laboratory balances and scales market in post pandemic period.Market Growth Factors
Rising demand in pharmaceutical industry
The laboratories of pharmaceutical industries use balances and scales for accurate measurement. Balances and scales are highly helpful for the pharmaceutical industry in identifying the mass or amount of any substance or matter in the process of preparing drugs and maintaining the standard and regulations in pharmaceutical manufacturing. Additionally, pharmaceutical industries also use balances and scales to measure the weight of the arrived raw material stock. Owing to these factors, the demand for laboratory balances and scales is continuously surging, thereby supporting the market growth.Arising need in chemical industry
Weighing the chemicals while manufacturing is crucial to the chemical industry. It is essential to consider the chemicals' precision and safety. Therefore, the balances and scales are the most vital component of the chemical industry. During the packaging and manufacturing of the chemicals, it is essential to measure the mass of each element to balance the chemical equation. In this process, an ideal lab balance plays a vital role. The weighing scales measure the substance in kilograms, pounds, or other units as per the chemicals. Still, this measurement is only the mass estimation presented in the weight format. This supports the growth of the laboratory balances and scales market.Market Restraining Factor
Accuracy can be affected
The minor vibration can also affect the sensitivity of the balances and scales. These types of disturbances need a recalibration of the analytical balance, which is costly and needs lots of time. Furthermore, as temperature and vibration can affect the balances and scales system, air can too affect the measurement of samples and the mechanism of balances and scales. The change in the air pressure of the room by means of air conditioners and open doors can impact the measurement of the vulnerable samples and thus affect the accuracy. Due to these accuracy issues associated with the laboratory balances and scales, the market is predicted to constrain in the upcoming years.Product Outlook
On the basis of product type, the laboratory balances and scales market is classified into analytical balances, precision balances, moisture balances, compact scale, micro balance and others. In 2021, the micro balances segment garnered a significant revenue share in the laboratory balances and scales market. Micro scales laboratory balances are also called top-loading balances. Basically, micro-scale balances are a form of scale made to provide extremely precise results in the form of a sub-milligram range. As this device is used for tiny samples, micro-scale balances can provide correct, quick, and easy techniques for the measurement weight of the samples. Micro-scales offer a wide range of weighing abilities, with the highest capacity. The ability to offer highly accurate results will increase the demand for micro balances in the field of research.End User Outlook
On the basis of end user, the laboratory balances and scales market is bifurcated into pharmaceutical, cosmeceutical, & biotechnology products testing laboratories, chemical & material testing laboratories, food & beverage testing laboratories and others. In 2021, the chemical & material testing laboratories segment registered a significant revenue share in the laboratory balances and scales market. Chemical balance is the beam balance tool used to test chemical quantities with extreme precision. It measures the chemical's mass to a precision of four decimal places. It is used to analyze chemicals quantitatively. Any slight difference can be recognized by such balances. High accuracy needed in measurement of chemicals is resulting in the market growth in this segment.Regional Outlook
Region-wise, the laboratory balanced and scales market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2021, the North America region led the laboratory balances and scales market by generating the largest revenue share. In terms of production and manufacturing, North America is the major producer and manufacturer of laboratory balances and scales. The United States and Canada are the main countries dominating the market due to the factors including the strict guidelines and long regulatory rules for the safety and quality of the products for end-user businesses, as well as the presence of the key market player in this region.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Analytical Balances
- Precision Balances
- Moisture Balances
- Compact Scale
- Micro Balance
- Others
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- Others
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Mettler-Toledo International, Inc
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd
- Scientech, Inc
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Laboratory Balances and Scales Market, by Product Type
1.4.2 Global Laboratory Balances and Scales Market, by End User
1.4.3 Global Laboratory Balances and Scales Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Laboratory Balances and Scales Market by Product Type
3.1 Global Analytical Balances Market by Region
3.2 Global Precision Balances Market by Region
3.3 Global Moisture Balances Market by Region
3.4 Global Compact Scale Market by Region
3.5 Global Micro Balance Market by Region
3.6 Global Others Market by Region
Chapter 4. Global Laboratory Balances and Scales Market by End User
4.1 Global Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Region
4.2 Global Chemical & Material Testing laboratories Market by Region
4.3 Global Food & Beverage Testing Laboratories Market by Region
4.4 Global Others Market by Region
Chapter 5. Global Laboratory Balances and Scales Market by Region
5.1 North America Laboratory Balances and Scales Market
5.1.1 North America Laboratory Balances and Scales Market by Product Type
5.1.1.1 North America Analytical Balances Market by Country
5.1.1.2 North America Precision Balances Market by Country
5.1.1.3 North America Moisture Balances Market by Country
5.1.1.4 North America Compact Scale Market by Country
5.1.1.5 North America Micro Balance Market by Country
5.1.1.6 North America Others Market by Country
5.1.2 North America Laboratory Balances and Scales Market by End User
5.1.2.1 North America Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
5.1.2.2 North America Chemical & Material Testing laboratories Market by Country
5.1.2.3 North America Food & Beverage Testing Laboratories Market by Country
5.1.2.4 North America Others Market by Country
5.1.3 North America Laboratory Balances and Scales Market by Country
5.1.3.1 US Laboratory Balances and Scales Market
5.1.3.1.1 US Laboratory Balances and Scales Market by Product Type
5.1.3.1.2 US Laboratory Balances and Scales Market by End User
5.1.3.2 Canada Laboratory Balances and Scales Market
5.1.3.2.1 Canada Laboratory Balances and Scales Market by Product Type
5.1.3.2.2 Canada Laboratory Balances and Scales Market by End User
5.1.3.3 Mexico Laboratory Balances and Scales Market
5.1.3.3.1 Mexico Laboratory Balances and Scales Market by Product Type
5.1.3.3.2 Mexico Laboratory Balances and Scales Market by End User
5.1.3.4 Rest of North America Laboratory Balances and Scales Market
5.1.3.4.1 Rest of North America Laboratory Balances and Scales Market by Product Type
5.1.3.4.2 Rest of North America Laboratory Balances and Scales Market by End User
5.2 Europe Laboratory Balances and Scales Market
5.2.1 Europe Laboratory Balances and Scales Market by Product Type
5.2.1.1 Europe Analytical Balances Market by Country
5.2.1.2 Europe Precision Balances Market by Country
5.2.1.3 Europe Moisture Balances Market by Country
5.2.1.4 Europe Compact Scale Market by Country
5.2.1.5 Europe Micro Balance Market by Country
5.2.1.6 Europe Others Market by Country
5.2.2 Europe Laboratory Balances and Scales Market by End User
5.2.2.1 Europe Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
5.2.2.2 Europe Chemical & Material Testing laboratories Market by Country
5.2.2.3 Europe Food & Beverage Testing Laboratories Market by Country
5.2.2.4 Europe Others Market by Country
5.2.3 Europe Laboratory Balances and Scales Market by Country
5.2.3.1 Germany Laboratory Balances and Scales Market
5.2.3.1.1 Germany Laboratory Balances and Scales Market by Product Type
5.2.3.1.2 Germany Laboratory Balances and Scales Market by End User
5.2.3.2 UK Laboratory Balances and Scales Market
5.2.3.2.1 UK Laboratory Balances and Scales Market by Product Type
5.2.3.2.2 UK Laboratory Balances and Scales Market by End User
5.2.3.3 France Laboratory Balances and Scales Market
5.2.3.3.1 France Laboratory Balances and Scales Market by Product Type
5.2.3.3.2 France Laboratory Balances and Scales Market by End User
5.2.3.4 Russia Laboratory Balances and Scales Market
5.2.3.4.1 Russia Laboratory Balances and Scales Market by Product Type
5.2.3.4.2 Russia Laboratory Balances and Scales Market by End User
5.2.3.5 Spain Laboratory Balances and Scales Market
5.2.3.5.1 Spain Laboratory Balances and Scales Market by Product Type
5.2.3.5.2 Spain Laboratory Balances and Scales Market by End User
5.2.3.6 Italy Laboratory Balances and Scales Market
5.2.3.6.1 Italy Laboratory Balances and Scales Market by Product Type
5.2.3.6.2 Italy Laboratory Balances and Scales Market by End User
5.2.3.7 Rest of Europe Laboratory Balances and Scales Market
5.2.3.7.1 Rest of Europe Laboratory Balances and Scales Market by Product Type
5.2.3.7.2 Rest of Europe Laboratory Balances and Scales Market by End User
5.3 Asia Pacific Laboratory Balances and Scales Market
5.3.1 Asia Pacific Laboratory Balances and Scales Market by Product Type
5.3.1.1 Asia Pacific Analytical Balances Market by Country
5.3.1.2 Asia Pacific Precision Balances Market by Country
5.3.1.3 Asia Pacific Moisture Balances Market by Country
5.3.1.4 Asia Pacific Compact Scale Market by Country
5.3.1.5 Asia Pacific Micro Balance Market by Country
5.3.1.6 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Laboratory Balances and Scales Market by End User
5.3.2.1 Asia Pacific Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
5.3.2.2 Asia Pacific Chemical & Material Testing laboratories Market by Country
5.3.2.3 Asia Pacific Food & Beverage Testing Laboratories Market by Country
5.3.2.4 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Laboratory Balances and Scales Market by Country
5.3.3.1 China Laboratory Balances and Scales Market
5.3.3.1.1 China Laboratory Balances and Scales Market by Product Type
5.3.3.1.2 China Laboratory Balances and Scales Market by End User
5.3.3.2 Japan Laboratory Balances and Scales Market
5.3.3.2.1 Japan Laboratory Balances and Scales Market by Product Type
5.3.3.2.2 Japan Laboratory Balances and Scales Market by End User
5.3.3.3 India Laboratory Balances and Scales Market
5.3.3.3.1 India Laboratory Balances and Scales Market by Product Type
5.3.3.3.2 India Laboratory Balances and Scales Market by End User
5.3.3.4 South Korea Laboratory Balances and Scales Market
5.3.3.4.1 South Korea Laboratory Balances and Scales Market by Product Type
5.3.3.4.2 South Korea Laboratory Balances and Scales Market by End User
5.3.3.5 Singapore Laboratory Balances and Scales Market
5.3.3.5.1 Singapore Laboratory Balances and Scales Market by Product Type
5.3.3.5.2 Singapore Laboratory Balances and Scales Market by End User
5.3.3.6 Malaysia Laboratory Balances and Scales Market
5.3.3.6.1 Malaysia Laboratory Balances and Scales Market by Product Type
5.3.3.6.2 Malaysia Laboratory Balances and Scales Market by End User
5.3.3.7 Rest of Asia Pacific Laboratory Balances and Scales Market
5.3.3.7.1 Rest of Asia Pacific Laboratory Balances and Scales Market by Product Type
5.3.3.7.2 Rest of Asia Pacific Laboratory Balances and Scales Market by End User
5.4 LAMEA Laboratory Balances and Scales Market
5.4.1 LAMEA Laboratory Balances and Scales Market by Product Type
5.4.1.1 LAMEA Analytical Balances Market by Country
5.4.1.2 LAMEA Precision Balances Market by Country
5.4.1.3 LAMEA Moisture Balances Market by Country
5.4.1.4 LAMEA Compact Scale Market by Country
5.4.1.5 LAMEA Micro Balance Market by Country
5.4.1.6 LAMEA Others Market by Country
5.4.2 LAMEA Laboratory Balances and Scales Market by End User
5.4.2.1 LAMEA Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories Market by Country
5.4.2.2 LAMEA Chemical & Material Testing laboratories Market by Country
5.4.2.3 LAMEA Food & Beverage Testing Laboratories Market by Country
5.4.2.4 LAMEA Others Market by Country
5.4.3 LAMEA Laboratory Balances and Scales Market by Country
5.4.3.1 Brazil Laboratory Balances and Scales Market
5.4.3.1.1 Brazil Laboratory Balances and Scales Market by Product Type
5.4.3.1.2 Brazil Laboratory Balances and Scales Market by End User
5.4.3.2 Argentina Laboratory Balances and Scales Market
5.4.3.2.1 Argentina Laboratory Balances and Scales Market by Product Type
5.4.3.2.2 Argentina Laboratory Balances and Scales Market by End User
5.4.3.3 UAE Laboratory Balances and Scales Market
5.4.3.3.1 UAE Laboratory Balances and Scales Market by Product Type
5.4.3.3.2 UAE Laboratory Balances and Scales Market by End User
5.4.3.4 Saudi Arabia Laboratory Balances and Scales Market
5.4.3.4.1 Saudi Arabia Laboratory Balances and Scales Market by Product Type
5.4.3.4.2 Saudi Arabia Laboratory Balances and Scales Market by End User
5.4.3.5 South Africa Laboratory Balances and Scales Market
5.4.3.5.1 South Africa Laboratory Balances and Scales Market by Product Type
5.4.3.5.2 South Africa Laboratory Balances and Scales Market by End User
5.4.3.6 Nigeria Laboratory Balances and Scales Market
5.4.3.6.1 Nigeria Laboratory Balances and Scales Market by Product Type
5.4.3.6.2 Nigeria Laboratory Balances and Scales Market by End User
5.4.3.7 Rest of LAMEA Laboratory Balances and Scales Market
5.4.3.7.1 Rest of LAMEA Laboratory Balances and Scales Market by Product Type
5.4.3.7.2 Rest of LAMEA Laboratory Balances and Scales Market by End User
Chapter 6. Company Profiles
6.1 Mettler-Toledo International, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 A&D HOLON Holdings Company, Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.3 Sartorius AG
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 Shimadzu Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Adam Equipment Inc. (Indutrade AB)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Development Expenses
6.6 Essae-Teraoka Pvt. Ltd.
6.6.1 Company Overview
6.7 Scientech, Inc.
6.7.1 Company Overview
6.8 Radwag Balances and Scales
6.8.1 Company Overview
6.9 Kern & Sohn GmbH
6.9.1 Company Overview
6.10. PCE Holding GmbH
6.10.1 Company Overview
Companies Mentioned
- Mettler-Toledo International, Inc.
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd.
- Scientech, Inc.
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | January 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 983.5 Million |
| Forecasted Market Value ( USD | $ 1336 Million |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
