| Product Code: ETC291204 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India electronic weighing scale market import shipments demonstrated a steady growth trajectory with a CAGR of 5.7% from 2020 to 2024. However, the growth momentum decelerated notably between 2023 and 2024, showing a decline of 33.5%. Overall, the market expanded but exhibited signs of slowing down towards the end of the period.
The electronic weighing scale market in India is expanding due to the widespread use of digital scales in various industries, retail outlets, and households. As accuracy, precision, and efficiency become essential requirements, electronic weighing scales continue to gain popularity. The market is expected to grow steadily as businesses and consumers prioritize precise measurement solutions.
The electronic weighing scale market in India is witnessing robust growth, primarily due to several key drivers that are shaping its trajectory. Firstly, the rapid expansion of the retail sector and the growing demand for accurate and reliable weighing solutions are driving the adoption of electronic weighing scales in various retail establishments, including supermarkets, grocery stores, and specialty stores. Electronic weighing scales offer precise measurements, easy-to-read displays, and advanced features like tare functionality, making them essential tools for retailers to manage inventory and improve customer service. Secondly, the increasing emphasis on quality control and adherence to standards in industries such as pharmaceuticals, food processing, and manufacturing is driving the demand for electronic weighing scales with high precision and compliance with regulatory requirements. Additionally, advancements in technology have led to the development of smart electronic weighing scales that offer features like data integration, connectivity to POS systems, and remote monitoring, further fueling their adoption across various sectors. Moreover, government initiatives promoting digitalization and automation in industries are creating a favorable environment for the growth of the electronic weighing scale market in India. These factors, combined with the rising awareness about the benefits of electronic weighing scales, are expected to drive the market`s expansion in the country.
In the India electronic weighing scale market, accuracy and calibration are crucial challenges. Weighing scales used in trade and commerce need to meet strict accuracy standards, and any deviations can lead to legal consequences. Manufacturers must ensure their weighing scales are accurately calibrated and regularly maintained. The market also faces competition from non-electronic weighing scales and alternative measurement technologies.
The COVID-19 pandemic had a varied impact on the electronic weighing scale market in India. While the demand for weighing scales surged in the healthcare sector for measuring medical supplies and equipment, it declined in the retail sector due to temporary store closures and reduced consumer spending. Nevertheless, the market has shown resilience and is expected to recover as economic activities resume.
The India electronic weighing scale market is witnessing steady growth due to increased adoption in retail, industrial, and healthcare sectors. Key players in this market include Essae-Teraoka Pvt. Ltd., Avery India Limited, Shimadzu Analytical (India) Pvt. Ltd., and Mettler-Toledo India Pvt. Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electronic Weighing Scale Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electronic Weighing Scale Market Revenues & Volume, 2021 & 2031F |
3.3 India Electronic Weighing Scale Market - Industry Life Cycle |
3.4 India Electronic Weighing Scale Market - Porter's Five Forces |
3.5 India Electronic Weighing Scale Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Electronic Weighing Scale Market Revenues & Volume Share, By End-User Vertical, 2021 & 2031F |
4 India Electronic Weighing Scale Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of technology in industries such as manufacturing, logistics, and retail leading to higher demand for electronic weighing scales. |
4.2.2 Government initiatives promoting digitalization and automation in various sectors, driving the need for accurate and efficient weighing solutions. |
4.2.3 Growing awareness about the benefits of electronic weighing scales over traditional weighing methods, such as improved accuracy and efficiency. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with electronic weighing scales, especially for small and medium-sized businesses, limiting adoption rates. |
4.3.2 Lack of standardization and regulatory challenges in the electronic weighing scale market, leading to concerns about accuracy and reliability of the devices. |
4.3.3 Competition from alternative weighing technologies and devices, such as mechanical scales or load cells, affecting market penetration for electronic weighing scales. |
5 India Electronic Weighing Scale Market Trends |
6 India Electronic Weighing Scale Market, By Types |
6.1 India Electronic Weighing Scale Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Electronic Weighing Scale Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Electronic Weighing Scale Market Revenues & Volume, By Table Top Scale, 2021-2031F |
6.1.4 India Electronic Weighing Scale Market Revenues & Volume, By Platform Scale, 2021-2031F |
6.1.5 India Electronic Weighing Scale Market Revenues & Volume, By Precision Scale, 2021-2031F |
6.1.6 India Electronic Weighing Scale Market Revenues & Volume, By Pocket Scale, 2021-2031F |
6.2 India Electronic Weighing Scale Market, By End-User Vertical |
6.2.1 Overview and Analysis |
6.2.2 India Electronic Weighing Scale Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 India Electronic Weighing Scale Market Revenues & Volume, By Veterinary, 2021-2031F |
6.2.4 India Electronic Weighing Scale Market Revenues & Volume, By Scientific/Laboratory, 2021-2031F |
6.2.5 India Electronic Weighing Scale Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.6 India Electronic Weighing Scale Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.7 India Electronic Weighing Scale Market Revenues & Volume, By Health & Fitness, 2021-2031F |
6.2.8 India Electronic Weighing Scale Market Revenues & Volume, By Education, 2021-2031F |
6.2.9 India Electronic Weighing Scale Market Revenues & Volume, By Education, 2021-2031F |
7 India Electronic Weighing Scale Market Import-Export Trade Statistics |
7.1 India Electronic Weighing Scale Market Export to Major Countries |
7.2 India Electronic Weighing Scale Market Imports from Major Countries |
8 India Electronic Weighing Scale Market Key Performance Indicators |
8.1 Average utilization rate of electronic weighing scales in key industries (e.g., manufacturing, logistics, retail) to gauge market demand and potential growth opportunities. |
8.2 Rate of adoption of digital weighing solutions compared to traditional weighing methods to assess market shift towards electronic weighing scales. |
8.3 Number of government tenders or contracts related to digital weighing solutions in different sectors as an indicator of market acceptance and regulatory support. |
9 India Electronic Weighing Scale Market - Opportunity Assessment |
9.1 India Electronic Weighing Scale Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Electronic Weighing Scale Market Opportunity Assessment, By End-User Vertical, 2021 & 2031F |
10 India Electronic Weighing Scale Market - Competitive Landscape |
10.1 India Electronic Weighing Scale Market Revenue Share, By Companies, 2024 |
10.2 India Electronic Weighing Scale Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |