The global electronic weighing machines market size is expected to reach USD 4.14 billion by 2028 according to a new study by Polaris Market Research. The report “Electronic Weighing Machines Market Share, Size, Trends, Industry Analysis Report, By Type (Laboratory Scale, Gem & Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Others), By Distribution Channel; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increased economic activity, technological developments in laboratory balances and scales, and a growing requirement to maintain precision in the process, demand for electronic weighing machines is expanding in the commercial and residential sectors are the few pivotal expanding the electronic machines market growth. However, retail stores account largest share in the adoption of electric weighing machines.
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Online channels are expected to hold a leading share in the forthcoming. Since, the segment is expected to be driven by the availability of a large number of products with the opportunity to compare them based on features and prices and quick product delivery, and simple return policies. In North America, growing health consciousness by the fitness freaks is one of the major factors stimulating the demand for electronic machines in households to keep track of health, whereas presence of massive retail channels in the region is creating a lucrative opportunity for electronic machines industry growth in the forthcoming period.
In general, an electronic weighing machine is used to measure solid and liquid tissues. It can be used in a variety of laboratory settings, including clinical, research, and environmental situations. It provides an accurate weight of these objects and has potential use in laboratories during research studies. Therefore, growing research & development activities in the region are creating a significant growth opportunity for the machines market.
Furthermore, established leading players' favorable initiatives are creating a potential growth prospect for the machines market in the near future. For instance, In June 2020, Mettler-Toledo introduced a new line of washdown-resistant check weighers for precise weighing. The new Washdown Checkweighers series has slanted surfaces to prevent debris gathering, reducing the danger of contamination that can be simply removed for cleaning. Previously, in February 2020, Mettler acquired D.C. Martin, a leading supplier of industrial weighing systems. The major aim behind the acquisition is to expand the company’s global footprint and product portfolio.
Major Participants such as Rice Lake Weighing Systems India Ltd., Fairbanks Scales, Adam Equipment Co. Ltd., Avery India Ltd., Cardinal / Detecto Scale, Tanita, Doran Scales, Inc., Essae-Teraoka Pvt. Ltd., Contech Instruments Ltd., Mettler-Toledo International, Inc., A&D Company, Limited, Sartorius AG, Shimadzu Corporation, and KERN & SOHN GmbH are some of the key players operating in the global machines market.
Polaris Market Research has segmented the electronic weighing machines market report on the basis of type, distribution channel, and region:
Electronic Weighing Machine, Type Outlook (Revenue, USD Billion, 2016 - 2028)
Electronic Weighing Machine, Distribution channel Outlook (Revenue, USD Billion, 2016 - 2028)
Electronic Weighing Machine, Regional Outlook (Revenue, USD Billion, 2016 - 2028)