The Global Electronic Weighing Machines Market was $3.7 Bn in 2020, and it is expected to reach $7.91 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 7.9% between 2020-2030. But due to the current COVID-19 pandemic there might be a slight difference in the growth rate in the present year. In the commercial and residential sector the demand for the electronic weighing machine is increasing because of the increased economic activities, growing need to maintain precision, technological advancements in laboratory balances and scales. These factors will help to accelerate the growth of this market during the forecasted period.
Global Electronic Weighing Machines Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Electronic Weighing Machines Market has been segmented into type and distribution channel. By Type – Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Others. By Distribution Channel – Online Offline. The Laboratory Scale category is expected to witness to expand during the forecasted period of 2020 and 2030.
By Region, Asia Pacific is Holding The Major Market Share
The Global Electronic Weighing Machines Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this Asia Pacific Global Electronic Weighing Machines Market is holding the major market share at present and is estimated to witness high compound annual growth rate in the upcoming forecasted period. This is mainly because of the high number of retails stores and laboratories along with the increased health awareness among the consumers will help to accelerate the growth of this armlet during the forecasted period. Besides this North America is also going witness remarkable growth during the forecasted period.
Major Players in the Global Electronic Weighing Machines Market
Some of the key players in the Global Electronic Weighing Machines Market include A&D Company Ltd., Mettler-Toledo International, Inc., Doran Scales, Inc., Essae-Teraoka Pvt. Ltd., Fairbanks Scales Inc., Kern & Sohn GmbH, BONSO Electronics International Inc., Shimadzu Corporation, Sartorius Group, Avery Weigh-Tronix, LLC.
The Global Electronic Weighing Machines Market Has Been Segmented Into:
Global Electronic Weighing Machines Market, By Type
Global Electronic Weighing Machines Market, By Distribution Channel
Global Electronic Weighing Machines Market, By Region
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