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Industrial Weighing Equipment Market Valuation to Reach US$ 8,242.7 Million by 2033 Amid Rising Focus on Operational Efficiency and Precision Requirements

NEWARK, Del., Jan. 16, 2024 /PRNewswire/ -- The Global Industrial Weighing Equipment Market value is expected to increase from US$ 4,622.0 million in 2023 to US$ 8,242.7 million in 2033. By 2033, global demand for industrial weighing equipment is projected to surge at a CAGR of 6.0%.

The market for industrial weighing equipment has enormous potential for developing more precise, accurate, and economical machinery. Industrial weighing machines are necessary for every industry in one way or another. Hence, the expansion of several industries is anticipated to fuel the growth of the industrial weighing equipment market.

The market for industrial weighing equipment is anticipated to develop due to the increasing adoption and desire for automation in end-use sectors. The issues with manual weighing machines and rising labor prices are two variables anticipated to propel the industrial weighing equipment market.

Weighing processes are completed faster and with less work with the help of industrial weighing equipment in several sectors. Moreover, rising industry infrastructure investments are anticipated to propel the market internationally.

The market's overall expansion is set to be hampered by a few obstacles and hurdles. The high cost of the materials needed to make sensors is a key factor restricting the market's growth. However, technical advancements offer excellent growth opportunities and unrealized potential in new markets.

Key Takeaways from the Report

  • The global market for industrial weighing equipment is projected to thrive at 6.0% CAGR through 2033.

  • By weighbridge and truck scale segment by product type, it is expected to reach US$ 2,753.0 million in 2033.

  • The United States is anticipated to reach US$ 1,046.9 million in 2033.

  • China is projected to attain a valuation of US$ 1,030.5 million by 2033.

  • Demand in India is predicted to rise at 6.9% CAGR through 2033.

"The rising demand for precision, efficiency, and technological advancements is projected to propel the industrial weighing equipment market. Increasing emphasis on automation, integration of Industry 4.0 technologies, and the need for accurate measurements across diverse industries are further contributing to market growth. These weighing solutions address evolving operational requirements, aligning with modern industrial processes. A growing trend toward advanced, connected technologies, cloud-based solutions, and sustainability practices further influences the market's trajectory." - says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

The global industrial weighing equipment market is fragmented, with leading players accounting for 25% to 30% share. Following are the leading manufacturers and suppliers of industrial weighing equipment listed in the report.

  • Mettler-Toledo International Inc.

  • Avery Weigh-Tronix

  • RADWAG Wagi Elektroniczne

  • Adam Equipment

  • A&D Weighing

  • Minebea intec

  • Thompson Scale Company

  • Easiweigh Limited

  • AFI Group

  • Rice Lake Weighing Systems

  • Fairbanks Scales

  • Ohaus Corporation

Key players focus on expanding domestic production and technology in industrial weighing equipment to provide consumers with cost-efficient solutions. They are also investing in developing new products and innovating existing ones to meet end-user demand.

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