06 Sep 2023

 IMARC Group, a leading market research company, has recently releases report titled “Electronic Weighing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global electronic weighing machines  market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global electronic weighing machines market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
Electronic weighing machines refer to devices used for measuring the weight or mass of an object. Common types of appliances include gem and jewelry scale, retail scale, laboratory scale, and health scale. Electronic weighing machines consist of a load cell transducer, signal conditioner, microchip, liquid crystal display (LCD), and a software program that provides feedback regarding the weight. The transducer measures the weight and alters it into electrical signals, which are further processed and shown on the LCD screen in a decipherable format. Electronic weighing machines are more durable, compact, and accurate than analog or spring variants.
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The escalating product need across various industries, such as manufacturing, food and beverage (F&B), education, medical, gems, and jewelry, is among the primary factors driving the electronic weighing machines market. Besides this, the rising health consciousness among the masses and the increasing prevalence of obesity and other weight-related disorders are further augmenting the market growth. Moreover, the launch of the internet of things (IoT)-integrated weighing scales that have multiple units of measurement and offer enhanced portability, ease of calibration, durability, and reliability is also catalyzing the global market. Apart from this, the introduction of water-resistant variants by the leading manufacturers with backlit LCD and titanium platforms is acting as another significant growth-inducing factor. Additionally, the expanding retail industry across the globe is also stimulating the market growth. Furthermore, the elevating industrialization levels and the extensive utilization of tabletop products for veterinary applications are expected to bolster the electronic weighing machines market in the coming years. 
The report has segmented the market into the following categories:
Breakup by Type:
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The report covers the major market players including:
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