Global Weighbridges Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Weighbridges Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Weighbridges is a large scale that weighs large objects of huge size. The scale is usually installed on a concrete surface and has an electronic monitor that displays the load of the weighed content. Weighbridges can be used to weigh all types of materials, from high-tonnage vehicles to agricultural food.

Market Overview:

The latest research study on the global Weighbridges market finds that the global Weighbridges market reached a value of USD 1155.15 million in 2022. It’s expected that the market will achieve USD 1510.51 million by 2028, exhibiting a CAGR of 4.57% during the forecast period.

Influence of COVID-19 Outbreak on Weighbridges Industry Development

At the beginning of an outbreak, work is usually delayed and the normal production of the company is affected. For companies in some areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, there is a risk of virus transmission due to long-distance transportation. Therefore, areas with more severe epidemics have taken certain measures to control transportation. Therefore, the supply side is under certain pressure.

In addition, due to the spread of the epidemic around the world, import and export transactions have almost stalled, resulting in sluggish downstream demand. Half a year has passed since the Covid-19 outbreak, and the number of confirmed cases is still increasing. It has now exceeded 23,000,000, but there is no clear turning point yet. Many countries have restarted their economies under the pressure of the economic downturn. However, given the highly contagious nature of COVID-19, there is a possibility of a second wave of COVID-19 outbreak. If it breaks out for the second time, the epidemic will increase corporate financial risks, or trigger corresponding default risks, financial risks, etc. The ultimate impact of the epidemic on the industry depends on the development of the epidemic, but some losses have been caused, and the growth this year is expected to be lower than in previous years.

Strong downstream demand

With the development of economy, the intensification of industrialization, the acceleration of urbanization and the construction of international logistics, the weighing demand for large commodities has gradually increased. The object-oriented Weighbridges mainly for enterprises. Production enterprises have constant demand for Weighbridges, and buying Weighbridges is a common tool for enterprises. The industries that weighbridges mainly target include metal mining, quarries, electrical equipment, steel manufacturing, liquids, household products and powders, etc. Thanks to the construction of a modern society, these industries are booming, forming the main driving force for the development of the weighbridge industry.

The development of Internet increases communication and trade frequency

The rise of the Internet and e-commerce allows companies to build their own websites to promote brand culture and comprehensively release product features to facilitate potential customers to understand in advance or review afterwards. In addition, in the past, due to the cost of communication and transportation, the company rarely opened up overseas markets. In the Internet age, the flow of information has never been faster. Through the Internet, the company can quickly contact overseas distributors and actively explore overseas markets.

Increasing Competition

At present, many companies have already operated in this industry, and companies strive for more market share. With the growth of downstream demand and the emergence of market opportunities, competition may intensify. Companies that already have loyal customers, mature teams, and a comprehensive understanding of customer needs may be less affected. In addition, the industry's threshold is not low, and it has certain requirements for technology and capital. Unless new entrants have sufficient financial background and mature technical teams and sales channels, competition will mainly occur between existing companies.

Region Overview:

North America is projected to account for a considerable share of the Weighbridges market and is expected to become the largest region by 2028.

Company Overview:

Mettler Toledo Transport and Logistics is one of the major players operating in the Weighbridges market, holding a share of 27.56% in 2023.

Mettler Toledo Transport and Logistics

The company provides industrial scales, terminals and software in various sizes and formats to control and monitor the manufacturing process. Professional solutions for formulation, piece counting and many other applications.

Avery Weigh-Tronix

Avery Weigh-Tronix provides products such as bench scales, cargo scales, counting scales, etc., serving many industries such as agriculture, construction, and manufacturing. The company is now a wholly-owned subsidiary of ITW, which is a Fortune 500 company with operations in 57 countries.

Segmentation Overview:

Among different product types, Digital Weighbridge segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Warehouse segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Weighbridges market covered in Chapter 3:

Kanawha Scales & Systems
Mettler Toledo Transport and Logistics
Rice Lake Weighing Systems
Active Scale Manufacturing
Cardinal Scale
American Scale Co., Inc.
Avery Weigh-Tronix
Precia Molen
ANCOMA SCALES
Soc Coop Bilanciai
Walz Scale
Aczet Pvt Ltd.
Fairbanks
Giropes
Schenck Process

In Chapter 4 and Chapter 14.2, on the basis of types, the Weighbridges market from 2018 to 2029 is primarily split into:

Analog Weighbridge
Digital Weighbridge

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Weighbridges market from 2018 to 2029 covers:

Warehouse
Trading Company
Market Place
Port
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)