Global Industrial Weighing Equipment Industry

Global Industrial Weighing Equipment Industry

  • October 2022 •
  • 409 pages •
  • Report ID: 5151465 •
  • Format: PDF
Abstract:

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Global Industrial Weighing Equipment Market to Reach $2.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Industrial Weighing Equipment estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Industrial Manufacturing, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$805.8 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Transportation & Logistics segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $570.2 Million, While China is Forecast to Grow at 6.7% CAGR
The Industrial Weighing Equipment market in the U.S. is estimated at US$570.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$474.1 Million by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$374.2 Million by the year 2027.

Chemical Processing Segment to Record 4.1% CAGR
In the global Chemical Processing segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$216.5 Million in the year 2020 will reach a projected size of US$280.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.6% CAGR through the analysis period.

Select Competitors (Total 183 Featured)
A&D Weighing ATRAX Group NZ Ltd. Avery Weigh-Tronix, LLC Bilwinco AS CI Precision Ltd. D Brash & Sons, Ltd. Easiweigh Limited Fairbanks Scales, Inc. Maguire Products, Inc. Mettler-Toledo International, Inc. Minebea Intec OHAUS Corporation RADWAG Wagi Elektroniczne Thompson Scale Company Walz Scale