Global $4.8 Bn Electronic Weighing Machines Markets, 2020-2026: Breakdown by Retail, Laboratory, Gem and Jewelry, Kitchen, Health & Others - ResearchAndMarkets.com

The "Global Electronic Weighing Machines Market by Type, by Distribution Channel, by Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Electronic Weighing Machines Market size is expected to reach $4.8 billion by 2026, rising at a market growth of 5.9% CAGR during the forecast period.

The main advantages of electronic weighing Machines include its compact size, precision, flexibility in measuring multiple loads, and delivery of online processing. Rising industrial automation and more deployment of automated Electronic Weighing Machines in both the retail and jewelry outlets will boost the market growth. Though, the cost of these machines is higher compared to the traditional weighing scales. This is the limiting factor for the adoption of these machines and thereby affect market growth.

In both commercial and residential sectors, demand for electronic weighing machines is continuously increasing due to the factors like rising in economic activities, increasing need to retain precisions in process, and technological advancements made in the laboratory balances and scales. The major factors for increasing the adoption of an electric weighing machine include accuracy, durability, reliability, portability, etc. Furthermore, these weighing machines possess multiple units of measurement, that way units measured can be converted into different units like grams and ounces. Due to these factors is the shifting preference of consumers from traditional to electronic weighing machines.

Online channels are mainly hosted by e-commerce businesses as well as by manufacturers who have understood the potential of these channels, so they have started hosting their websites to better services to the customer needs. The wide range of products are available, there are better options to compare them on the basis of features and prices, it also ensures rapid delivery and easy returns policies of the products, these factors are expected to drive the segment. Consumers are nowadays preferring multi-brand online retailers in order to save their time.

Strategies deployed in the Electronic Weighing Machines Market

Jun-2020: Mettler-Toledo launched a new series of washdown resistant checkweighers for precision weighing applications. The new Washdown Checkweighers series feature sloped surfaces to discourage liquid and debris collection, avoiding bacterial contamination risks, while conveyor belts can be removed quickly and easily for efficient cleaning. The series also features an open frame design with only four feet on the floor, which provides easy access for washdown purposes.

Feb-2020: Mettler-Toledo acquired D.C. Martin & Sons Scales Inc., the industrial scales and weighing systems supplier. The acquisition broadened Mettler's portfolio of scales and strengthened its business.

Dec-2019: Fairbanks Scales launched the new WF Series forklift scale, which features a unique design ideal for mobile weighing market needs. The WF Series converts most forklifts into a precision scale in minutes.

Oct-2019: Fairbanks Scales introduced the new Roller Conveyor Scale. This scale has been designed to capture static weighments of products as they manually move down a conveyor line.

Sep-2019: Fairbanks Scales unveiled the Talon Low Profile Truck Scale. The Talon is a great choice for sites with little clearance underneath where foundations cannot be modified. They can be ordered to fit existing scales and are available in 60-, 70-, and 80-foot sizes. Options for profile heights include 12, 13, or 14 inches, which can be set using the base plate kit instead of changing the scale itself.

Scope of the Study

Market Segmentation:

By Type

• Retail scale
• Laboratory scale
• Gem and Jewelry Scale
• Kitchen scale
• Health scale
• Others

By Distribution Channel

• Online
• Offline

Companies Profiled

• Illinois Tools Works, Inc. (Avery Weigh-Tronix, LLC)
• Shimadzu Corporation
• Sartorius AG
• BONSO Electronics International, Inc.
• Mettler-Toledo International, Inc.
• A&D Company, Limited
• Doran Scales, Inc.
• Essae-Teraoka Pvt. Ltd.
• Fairbanks Scales, Inc.
• Kern & Sohn GmbH

For more information about this report visit https://www.researchandmarkets.com/r/vqeb22

View source version on businesswire.com: https://www.businesswire.com/news/home/20200929005934/en/

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