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NEW YORK, April 29, 2022 /PRNewswire/ — The industrial weighing machine market potential growth difference is expected to reach USD 711.9 million from 2021 to 2026, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 4.88% during the forecast period. The increasing demand for automated and digital weighing scales is notably driving the industrial weighing machine market growth, although factors such as high market competition leading to price decline may impede the market growth.
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Industrial Weighing Machine Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
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Market growth 2022-2026 |
$ 711.9 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.92 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
US, China, Japan, Marshall Islands, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
A and D Co. Ltd., ATRAX GROUP NZ LTD., Bilwinco AS, CI Electronics Ltd., D Brash and Sons Ltd., Doran Scales Inc, Essae Teraoka Pvt. Ltd., Fairbanks Scales Inc., Illinois Tool Works Inc., KERN and SOHN GmbH, Maguire Products, Mettler Toledo International Inc., MinebeaMitsumi Inc., Radwag Wagi Elektroniczne, Rice Lake Weighing Systems India Ltd., Sansui Electronics Pvt. Ltd., Sartorius AG, Shimadzu Corp., and Thompson Scale Co. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
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