Belt Scales Market Share, Size, Trends, Industry Analysis Report, By Idler Type (Single Idler an Multi Idler); By Weighing Capacity; By End-Use; By Region; Segment Forecast, 2023 – 2032
- Published Date:Dec-2023
- Pages: 116
- Format: PDF
- Report ID: PM4110
- Base Year: 2022
- Historical Data: 2019-2021
The global belt scales market was valued at USD 1.03 billion in 2022 and is expected to grow at a CAGR of 3.5% during the forecast period.
The widespread product adoption as industrial equipment that is mainly used to gauge and measure the flow rate and also the weight of material traveling on a conveyor belt and their surging use in industries that are dealing with massive amounts of material which often require precise weighing capabilities are among the primary factors influencing the global market growth. In addition, several leading market players are focusing on developing new and advanced systems that can be easily and conveniently integrated with modern infrastructure to enhance overall efficiency, which, in turn, has generated huge growth potential for the market over the years.
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- For instance, in September 2021, Thayer Scale-Hyer Industries, a leading global manufacturer of equipment for weighing and feeding bulk materials, introduced its new hygienic weight feeder, which is specially designed to accurately weigh food & dairy products that are subject to various stringent sanitation requirements.
Moreover, manufacturers and suppliers of belt scales are now heavily focusing on incorporating more advanced or innovative sensor technologies such as laser scanning and 3D imaging in order to provide more accurate and precise measurements of bulk materials on conveyor belts, which further allows for real-time monitoring and better control of material flow.
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However, the regular maintenance and calibration required to ensure the accuracy and reliability of belt scales and the high investments required for the equipment and associated infrastructure with belt scales are among the factors expected to hamper global market growth.
- Growing food demand across the globe and rising automation trend in industries spurring the market growth
There has been a significant increase in the demand for food products mainly due to rising population growth, especially in countries like India, China, and Indonesia. As the food industry is among the leading consumer or end-use verticals for belt scale machines, where they are used extensively, the demand and need for such machines have grown rapidly over the years. Besides this, with the growing trend towards automation in material handling and manufacturing industries, the adoption of innovative belt scales is drastically rising as they play a crucial role in automating the measurement and control of material flow on conveyor belts.
- For instance, according to a report by the United Nations, the global population reached 8 billion people in November 2022, with a significant increase from 2.5 billion people in 1950 and approx. 6 billion since 1988. Also, the world population is projected to increase by over 2 billion people in the next 30 years and could reach 9.7 billion in 2050.
The market is primarily segmented based on idler type, weighing capacity, end-use, and region.
By Idler Type
By Weighing Capacity
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By Idler Type Analysis
- Single idler segment accounted for the largest market share in 2022
The single-idler segment accounted for the largest belt scales market share. The growth of the segment market is highly attributed to its ability to help companies better optimize their operations by providing real-time data and insights on material flow rates. It also reduces wastage and ensures that the right amount of material is used in various processes. Along with this, single idler belt scales are also being widely employed in agricultural settings in order to efficiently measure the number of crops, grains, and various other harvested materials, which helps in yield monitoring, precise blending, and inventory management of different types of seeds.
The multi-idler segment is projected to exhibit the highest growth throughout the study period, mainly due to its high level of accuracy and precision in measuring weight and flow rates and known to handle a wide range of bulk materials and conveyor belt sizes. Additionally, advancements in sensor technology, signal processing, and automation, which have improved the capabilities of multi-idler belt scales and enhanced their appeal to industries seeking modern and efficient weighing solutions, are further boosting the segment market growth.
By Weighing Capacity Analysis
- Moderate segment held the significant market share in 2022
The moderate segment held the majority market share in terms of revenue in 2022, which is majorly driven by surging product demand from numerous industries, including mining, agriculture, construction, and manufacturing, among others, and its surging popularity among several end-use verticals due to ease of maintenance and higher reliability as compared to others available in the market.
The heavy segment is likely to register the highest growth rate during the projected period on account of the significant expansion of industries that handle bulk materials and increasing government stringent regulations that mandate the use of accurate measurement and reporting of materials.
By End-Use Analysis
- Mining segment is expected to witness highest growth
The mining segment is projected to witness the highest growth during the projected period, mainly attributed to its emerging use in mining companies to accurately or efficiently measure the quantity of material being transported on conveyor belts and also helps in maintaining accurate inventory records, which is crucial for planning and logistics of materials or goods.
Besides this, as several leading mining companies worldwide are under growing pressure to reduce their environmental impact, they are adopting innovative belt-scale machines that minimize material spillage and waste and could have a positive environmental impact by reducing pollution as well as resource consumption.
The food & beverages segment led the industry market with a substantial share in 2022, that is largely accelerated by a significant rise in the demand for food & beverage products that require efficient weighing capacities and a diverse range of applications of belt scales within the food & beverage industry such as batching, blending, and packaging.
- North America region dominated the global market in 2022
The North America region dominated the global market with a considerable share on account of the region’s quick adoption of advanced and innovative technologies and rising focus on leading companies of different industries to maximize efficiency and productivity across the region. Apart from this, with the growing proliferation of data-driven decision-making in various industries and rising awareness and education about the potential benefits of belt scales, the adoption rates for such machines are likely to rise substantially.
The Asia Pacific region is anticipated to emerge as the fastest-growing region. It could present lucrative opportunities for the market over the coming years, owing to a drastic increase in government investments in several infrastructure development projects that have propelled the need and demand for conveyor belts and belt scales in sectors including mining, construction, and logistics, among others.
Key Market Players & Competitive Insights
The belt scales market is highly fragmented, with the robust presence of various global and local market players. It has an increased focus on several business development and expansion strategies, including new belt scale launches, partnerships, collaborations, and acquisitions & mergers, to expand its market and revenue generation opportunities.
Some of the major players operating in the global market include:
- Belt-Way Scales Inc.
- Control Systems Technology
- Conveyweigh LLC
- FLSmidth & Co. A/S
- MERRICK Industries Inc.
- Precia SA
- Rice Lake Weighing System
- Saimo Technology Pty. Ltd.
- Schenck Process Holdings GmbH
- Siemens AG
- Tecnetics Industries Inc.
- Thayer Scale-Hyer Industries Inc.
- Vidmar Group
- Yamato Scale
- In February 2022, Thermo Fisher introduced a new flexible belt scale weighing that is essential to various bulk materials handling facilities. The newly developed solution enables highly reliable, easy-to-use, and cost-effective functionality and could be widely used for new belt scale projects.
- In March 2022, Fairbanks Scales introduced its new FB9000 Series conveyor belt scales, which are reliable weighing solutions for conveying applications.
Belt Scales Market Report Scope
Market size value in 2023
USD 1.06 billion
Revenue forecast in 2032
USD 1.44 billion
3.5% from 2023 – 2032
2019 – 2021
2023 – 2032
Revenue in USD billion and CAGR from 2023 to 2032
By Idler Type, By Weighing Capacity, By End-Use By Region
North America, Europe, Asia Pacific, Latin America; Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.