Industrial Weighing Equipment Global Market Report 2024

The global industrial weighing equipment market has grown strongly in recent years. It will grow from $2.18 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. Historical growth can be credited to factors such as advancements in energy efficiency, emphasis on ergonomics and user-friendly design, enhancements in efficiency and productivity, the expansion of the manufacturing sector, and the implementation of stringent quality control measures and compliance standards.

The global industrial weighing equipment market is expected to see strong growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the upcoming forecast period is driven by the widespread adoption of Industry 4.0, increased automation across industries, adherence to rigorous quality benchmarks, the burgeoning e-commerce and logistics sectors, a steadfast focus on sustainability, and the drive towards global market expansion. Key trends expected in this forecast period encompass prioritization of safety and ergonomics, emphasis on customization and adaptability, seamless integration with data analytics, and the continued pursuit of sustainability and efficiency.

The anticipated surge in international trade is poised to drive growth within the industrial weighing equipment market. International trade involves the exchange of capital, goods, and services among different countries, leading to increased demand in transportation and logistics. This surge in transport and logistics, in turn, fuels the demand for industrial weighing equipment. As per the United Nations Conference on Trade and Development's Global Trade Update report from February 2022, the global trade value reached an unprecedented $28.5 trillion in 2021, marking a 25% surge from 2020 and a 13% rise from the pre-COVID-19 level in 2019. Consequently, the escalating international trade dynamics act as a catalyst for the industrial weighing equipment market's growth.

The rapid expansion of Industry 4.0 is expected to propel the industrial weighing equipment market forward. Industry 4.0 denotes the ongoing revolution in traditional manufacturing practices through the integration of advanced smart technologies. Industrial weighing equipment plays a pivotal role in enabling seamless communication between machines, facilitating automated adjustments based on precise weight measurements. An article released in October 2022 by IoT Business News highlighted the intensifying growth of Industry 4.0, reporting a 140-fold surge in public interest, 50,000 research papers published in 2021, substantial start-up funding of $3 billion annually from Q3 2021 to Q3 2022, and a doubling of M&A activity. Consequently, the rapid growth of Industry 4.0 serves as a driving force for the industrial weighing equipment market.

The integration of innovative features stands out as a prominent trend gaining traction within the industrial weighing equipment market. Major industry players are focusing on developing products infused with advanced features to enhance the provision of industrial weighing services. For instance, in August 2023, Ishida Europe, a UK-based provider of weighing, quality control, and packaging equipment, introduced two new weighers within their sector solutions range. These innovative tools offer cost-effective, high-performance solutions equipped with heavy-duty components and durable PU liners. These enhancements allow the weighers to withstand significant impacts and abrasive product flow while maintaining accuracy and speed. Such solutions enable manufacturers to optimize packing operations by maximizing speed and efficiency.

Major companies are forging strategic collaborations and partnerships to fortify their market positions within the industrial weighing equipment sector. Strategic partnerships entail structured affiliations between multiple commercial enterprises, often established through business agreements or contracts. In May 2023, Fabbri Group, an Italy-based company specializing in machinery, films, and software, partnered with Bizerba. This collaboration aims to deliver comprehensive solutions for weighing, pricing, packaging, and labeling processes. The strategic partnership merges Fabbri Group's expertise in automatic food packaging systems with Bizerba's leading weighing technology, offering holistic solutions for the industrial sector. Bizerba, headquartered in Germany, provides scales, cutting machines, labels, and software.

In January 2022, Valsoft, a Canadian firm specializing in the development and acquisition of specialized software businesses within specific markets, successfully acquired Advanced Weighing Systems (AWS) for an undisclosed sum. This strategic acquisition is anticipated to expand Valsoft's clientele and broaden its product range. AWS, headquartered in the US, specializes in supplying advanced automation scale solutions to companies engaged in bulk material handling.

Major companies operating in the industrial weighing equipment market report are 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 Services Pvt. Ltd., KERN & SOHN GmbH, Rice Lake Weighing Systems India Ltd., Flintec Group AB, Vishay Precision Group, Yamato Scale Co. Ltd., B-TEK Scales LLC, Cardinal Scale Manufacturing Company, Dini Argeo S.r.l., Doran Scales Inc., Emery Winslow Scale Company, Keli Electric Manufacturing (Ningbo) Co. Ltd., LCM Systems Ltd., Novatech Measurements Limited, Precia Molen India Pvt. Ltd., Radwag Balances and Scales, Sartorius AG

North America was the largest region in the industrial weighing equipment market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial weighing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, 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, Canada, Italy, Spain.

Electronic industrial weighing equipment, machinery-based industrial weighing equipment, electromechanical combined with industrial weighing equipment, and other variants are the main types available. These find applications across industrial manufacturing, transportation, logistics, chemical processing, metal and mining, food and beverages, waste recycling, and other sectors. Distribution occurs through both online and offline channels.

This report provides industrial weighing equipment market statistics, including industrial weighing equipment industry global market size, regional shares, competitors with an industrial weighing equipment market share, detailed industrial weighing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the industrial weighing equipment industry. This industrial weighing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial weighing equipment market consists of sales of simple weighing, piece counting scales, weighing scales with PC interfaces, weighing scales with printers, and indicators with PLC controllers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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