Global Electronic Weighing Scales Market to Reach $5.7 Billion by 2026

SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electronic Weighing Scales - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 399
Companies: 48 - Players covered include A&D Engineering, Inc.; Adam Equipment Co., Ltd.; Avery Weigh-Tronix LLC; Cardinal Scale Manufacturing Company; Contech Instruments Ltd.; Doran Scales, Inc.; Essae-Teraoka Pvt. Ltd.; Fairbanks Scales, Inc.; Kern & Sohn GmbH; Mettler-Toledo International, Inc.; Rice Lake Weighing Systems; Tanita Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Laboratory Scales, Gem & Jewelry Scales, Retail Scales, Health Scales, Industrial Scales, Veterinary Scales); Type (Table Top Scale, Platform Scale, Precision Scale, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Electronic Weighing Scales Market to Reach $5.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Electronic Weighing Scales estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$5.7 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Table Top Scale, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform Scale segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Electronic Weighing Scales market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Precision Scale Segment to Reach US$900.1 Million by the year 2026
In the global Precision Scale segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$552.2 Million in the year 2020 will reach a projected size of US$676.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.