February 27, 2023 04:33 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Electronic Weighing Scales: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Electronic Weighing Scales Market to Reach $7.5 Billion by 2030 The global market for Electronic Weighing Scales estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$7.5 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Axle Scale Indicator
Table Top Scales, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Platform Scales segment is readjusted to a revised 4.7% CAGR for the next 8-year period. The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 7.4% CAGR The Electronic Weighing Scales market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$991 Million by the year 2030.
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