Check Weighing Machines Market Research, 2031
The global check weighing machines market size was valued at $3.60 billion in 2021, and is projected to reach $5.75 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
Check weighing machine is an automatic, manual and semi-automatic machine for checking the weight of packaged products. These machines are commonly used in various industries at the end of production process. These machines ensure that weight of the final packaged product is under specified limitations. Check weighing machines are used in food & beverages, pharmaceutical, logistics and packaging and other applications.
The check weighing machines market is witnessing growth due to rise in number of food & beverages industries around the world. Moreover, increase in import and export trading among various countries, which is expected to require logistics and packaging companies to install check weighing machines in their industries, and thus, such factors are expected to drive the growth of check weighing machines market. In addition, pharmaceutical industries across the world require check weighing machines to weigh medicines, tablets and drugs and to ensure the final products being weighed are within an acceptable weight range. Check weighing machines also help increase the productivity and enhance the manufacturing process in various end-user industries.
On the basis of product type, automatic check weighing machine has dominated the market in terms of revenue. This is due to automatic check weighing machine used for online monitoring in manufacturing industries such as pharmaceuticals, food products, skin care and cosmetic. The automatic checkweigher machine is fully simulated, saving labor costs, saving time, and improving production and sales.
On the basis of application, the logistics and packaging segment has accounted highest check weighing machines market share in terms of revenue in 2021 and is expected to register highest CAGR during the forecast period. This is attributed to rise in import and export across the countries. Further, rise in e-commerce sector and online shopping has created growth in demand for check weighing machines.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the check weighing machines market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of a vaccine for COVID-19 in the market. This has led to the reopening of check weighing machines companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
On the basis of region, Asia-Pacific garnered the highest revenue in the market in 2021 and is expected to register highest CAGR during the check weighing machines market forecast period. This is due to rise in pharmaceuticals, cosmetics, logistics, and packaging industries in countries such as China, India and Japan. Moreover, rise in population will require great demand of foods and beverages manufacturing industry. Hence, such factors will force the key players in Asia-Pacific to manufacture check weighing machines for such industries application. As a result, all such factors are expected to boost the check weighing machines market growth.
The check weighing machines market is segmented into Product Type, Capacity and Application. On the basis of type, the market is divided into automatic, semi-automatic and manual. On the basis of capacity, the market is divided into up to 12 kg, 12 to 60 kg and above 60 kg. On the basis of application, the market is divided into food & beverages, pharmaceutical, logistics & packaging and others. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Poland, Netherland, Sweden and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, Vietnam and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria and Rest of LAMEA).
The key players operating in the check weighing machines industry are ALL-FILL INC, Avery Weigh-Tronix, Bizerba, Cardinal Scale, Dibal, Doran Scales, Inc., General Measure, Hardy Process Solutions, Inc., Imanpack, Ishida Co. Ltd., Loma Systems - A Division of ITW, Mettler Toledo, Precia Molen, Thermo Fisher Scientific Inc., Varpe, WIPOTEC-OCS GmbH and YAMATO-Scale GmbH.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the check weighing machines market analysis from 2021 to 2031 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the check weighing machines market segmentation assists to determine the prevailing check weighing machines market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global check weighing machines market trends, key players, market segments, application areas, and market growth strategies.
Check Weighing Machines Market Report Highlights
By Product Type
Key Market Players
IMANPACK, Bizerba, Loma Systems, Doran Scales, Inc., WIPOTEC-OCS GmbH, METTLER TOLEDO, VARPE, GENERAL MEASURE, Hardy Process Solutions, Inc., PRECIA MOLEN, YAMATO-Scale GmbH, THERMO FISHER SCIENTIFIC INC., DIBAL, CARDINAL SCALE, ALL-FILL INC, ISHIDA CO., LTD., Avery Weigh-Tronix
The check weighing machines market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to remain the major revenue generating region of the market in the near future. This is due to rising food & beverages, pharmaceuticals, and logistics packaging industries in countries such as India, Japan, Australia, Singapore, South Korea and Thailand. Due to various advantages of check weighing machines such as fast-speed, accuracy, durability and saves time and labor cost, various enterprises and industries adopt check weighing machines in their manufacturing unit. The check weighing machines include automatic, manual and semi-automatic check weighing machines with different capacity and can be implemented for different applications.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in April 2020, General Measure launched CW-60K dynamic checkweighers with 60kg weight range. General Measure worked on improving its precision and after testing its accuracy was increased to ±6g and the machine was introduced as CW60K, the 60kg large-scale checkweighers with high precision. As a result, such strategic moves are expected to provide lucrative growth in the global check weighing machines market.