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Global Electronic Weighing Scales Market to Reach $5.7 Billion by 2026Amid the COVID-19 crisis, the global market for Electronic Weighing Scales estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$5.7 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Table Top Scale, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform Scale segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026The Electronic Weighing Scales market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
Precision Scale Segment to Reach US$900.1 Million by the year 2026In the global Precision Scale segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$552.2 Million in the year 2020 will reach a projected size of US$676.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.More
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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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