Friday, November 3, 2017
Industrial Weighing Equipment Market Share, Size, Analysis & Forecast with Upcoming Trends 2016
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According to
a new market research report published by Credence Research “Industrial
Weighing Equipment Market (Product – Bench Scales, Floor Scales,
Load Cells, Belt Weighers, Checkweighers, Weigh Feeders, Truck Scales, Cargo
Scales, Rail Scales and Others) - Growth, Share, Opportunities, Competitive
Analysis and Forecast 2016 - 2023”, the global industrial weighing equipment
market is estimated to expand with a CAGR of 5.4% from 2016 to 2023 to cross
the US$ 3 Bn mark by 2023.
Browse
the full report at http://www.credenceresearch.com/report/industrial-weighing-equipment-market
Market
Insights:
Weighing
equipment are among the most integral aspects of industry verticals such as
manufacturing, food & beverages processing, transportation & logistics and
others. With the steadily rising industrial sector worldwide coupled with
increasing international trade, there has been a continued demand for more
efficient and reliable weighing equipment across different applications. One of
the most significant factor fueling the market growth is the regulations
enforced by organizations such as Safety of Life at Sea convention of the
International Maritime Organization (SOLAS). These equipment form an important
aspect mainly for the following:
- Weighing for trading and other
commercial transactions
- Weighing for calculating toll,
tariff, tax, penalty, remuneration, and other related payments
- Mass calculation for complying
with different laws/regulations/proceedings
- Weighing in pharmaceutical and
laboratorial applications
- Price calculation
The overall
rising industrial growth coupled with the demand for automated and easy to
operate weighing equipment is the prime factor fueling the market growth. With
the steadily ongoing recovery of the global manufacturing sector, the overall
demand for industrial goods (such as weighing equipment) is estimated to
continue remaining strong in the coming years. Further prospects for the market
include wireless weighing equipment and development of automated weighing
equipment. Nevertheless, the market growth is majorly hindered due to lack
product differentiation.
Competitive
Insights:
The
industrial weighing equipment market is quite competitive in nature with
manufacturers focusing on increasing their global footprint along with providing
high quality, reliable products. One of the major concerns for industrial
weighing equipment is the longer lifespan expectancy of the products by
consumers. The market has been witnessing single digit growth since the past
several years mainly due to higher product life, ultimately resulting into
lesser number of units sold. Thus, market players emphasize on developing
advanced products so as to attract new customers. Additionally, weighing
equipment providers offer rental/lease service to their customers. Another
major area of focus is expansion of distribution network.
Key
Trends:
- Expansion of distribution
network
- Focus on India and China by
launching price competitive products
- Targeting transportation and
logistics industry
- Development of programmable
weighing systems for varied industrial applications
The report covers exhaustive analysis
on
·
Market
Segments
·
Market
Dynamics
·
Market
Size
·
Supply
& Demand
·
Current
Trends/Issues/Challenges
·
Competition
& Companies involved
·
Technology
·
Value
Chain
Timeline
for Analysis
·
Market
Estimates and Forecasts for 2016-2024
·
Historic
Review 2011-2015
Geographic
Markets Analyzed
·
US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of
Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil
and Rest of Latin America), and Rest of World
Browse
the full report at http://www.credenceresearch.com/report/industrial-weighing-equipment-market
Latest Reports:
About: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
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