Market Forecast By Product Types (Bench and Floor Scales, Laboratory Balance and Scales, Truck Scales, Hanging Scales, Counting Scales, Others), By Services (Engineering Support Service, Installation Services, Upgrade, Maintenance and Repair Services, Software Solutions), By Distribution Channel (Online, Offline), By End-User (Construction Industry, Food and Beverage Industry, Transport and Logistics, Manufacturing Industry, Chemical Industry, Mining Industry, Healthcare Industry, Other) And Competitive Landscape
| Product Code: ETC065389 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
| Report Name | Vietnam Scale & Balance Market |
| Forecast period | 2025-2031 |
| CAGR | 9.18% |
| Growing Sector | Manufacturing Industry |
Vietnam Scale & Balance Market report thoroughly covers the market By Product Types, by Service, By Distribution Channel and by End-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Vietnam Scale & Balance Market is witnessing steady growth, driven by industrial advancements and the increasing demand for precision instruments. The market is expanding due to the growing applications across various sectors such as manufacturing, healthcare, and logistics. Innovations in scale technologies and rising consumer awareness about accuracy in measurements are also key factors driving market progress. With expanding industrialization and urbanization, the demand for efficient weighing solutions continues to rise in the country.
According to 6Wresearch, the Vietnam Scale & Balance Market is projected to grow at CAGR of 9.18% during the forecast period 2025-2031. Vietnam Scale & Balance Market is poised for considerable growth during the forecast period, driven by a number of factors. The increasing demand for accurate and precise measurement tools, particularly in industries such as manufacturing, healthcare, logistics, and retail, is expected to propel the market. The expanding industrial sector in Vietnam, fueled by rapid urbanization and infrastructure development, is creating a greater need for advanced weighing systems for applications in production, quality control, and packaging. The growth of e-commerce and the logistics industry is further driving the adoption of sophisticated scales and balances for efficient inventory management and shipment processing.
Despite this, the market faces certain challenges that may affect its growth. The high upfront cost associated with advanced weighing solutions, such as laboratory balances and truck scales, can be a barrier for small and medium-sized enterprises. The lack of skilled personnel capable of operating these advanced systems, especially in remote areas, is another challenge. Additionally, the prevalence of counterfeit or low-quality products in certain segments of the market could undermine consumer confidence in the industry. Nevertheless, the market is expected to continue benefiting from technological advancements, such as the integration of IoT and digital systems into weighing devices, offering more accurate, reliable, and efficient solutions. These innovations are expected to counterbalance the challenges and foster continued growth in the market.
Vietnam Scale & Balance Industry is witnessing notable trends, driven by technological advancements and growing demand across industries. One significant trend is the increasing adoption of digital and automated weighing systems. These systems offer enhanced accuracy, efficiency, and integration with digital platforms, benefiting industries such as logistics, retail, and manufacturing. The rise of e-commerce and logistics activities has spurred the demand for advanced weighing solutions, especially in the transportation and warehousing sectors. Another key trend is the growing need for precise weighing solutions in healthcare, particularly in pharmaceutical manufacturing and laboratories. Additionally, the market is seeing the rise of IoT-enabled scales, which provide real-time data monitoring and predictive maintenance features, offering improved operational efficiency. The growing industrialization and infrastructure development across Vietnam further support the demand for advanced scales and balances, driving Vietnam Scale & Balance Market Growth.
Investment opportunities in the Vietnam Scale & Balance Market are significant, driven by the country's rapid industrialization and the expansion of various sectors. One prominent opportunity lies in the development of advanced digital and automated weighing systems, which are increasingly being adopted across industries like logistics, manufacturing, and retail. There is also considerable demand for precision scales in the pharmaceutical and healthcare sectors, offering potential for investment in specialized weighing solutions. The rise of IoT-enabled scales presents another opportunity, with companies focusing on innovation and real-time data integration to enhance operational efficiency. Furthermore, investments in research and development to improve the accuracy, speed, and integration of scales with digital platforms are poised to create a competitive advantage. The growing infrastructure development and rising demand for modern weighing solutions provide a strong foundation for investors looking to capitalize on the expanding market in Vietnam.
Vietnam Scale & Balance Market is characterized by the presence of several key players, both domestic and international, contributing to its competitive landscape. Prominent companies such as Mettler Toledo, A&D Engineering, and Ohaus Corporation play a vital role, offering a wide range of advanced weighing solutions across various industries. Local players such as Vina Scale and Han Sung Scale also hold significant market shares, providing specialized products tailored to the market needs. These companies focus on offering innovative products, ensuring precision, durability, and cost-effectiveness. They actively engage in technological advancements, particularly in the digital and automated weighing systems sector, to maintain their competitive edge. Additionally, strong after-sales services and efficient distribution networks are key differentiators for these players, enhancing customer loyalty and ensuring their continued dominance in the market.
Government regulations in the Vietnam Scale & Balance Market are crucial for ensuring the accuracy, safety, and compliance of weighing instruments across various industries. The Vietnam Ministry of Science and Technology (MOST) plays a central role in establishing and enforcing standards for weighing equipment, particularly for trade and industrial use. These regulations aim to guarantee that scales and balances meet specific performance criteria, with a focus on precision and reliability. Quality (STAMEQ) oversees the certification process for these products, ensuring conformity with international standards. These regulations also stipulate regular calibration and maintenance requirements for devices used in sectors such as food, pharmaceuticals, and manufacturing, to maintain operational efficiency and prevent fraud. Compliance with these regulations is essential for market players to operate legally and maintain consumer trust.
The future of the Vietnam Scale & Balance Market is poised for substantial growth, driven by increasing industrialization and advancements in technology. As industries such as manufacturing, logistics, and food processing expand, there will be a rising demand for high-precision weighing equipment. Moreover, the growing adoption of automation and digital solutions in weighing systems is expected to further elevate market prospects. The market is also anticipated to benefit from greater emphasis on regulatory compliance and quality standards across various sectors. Additionally, the ongoing development of smart scales, which offer enhanced accuracy and data integration capabilities, is set to revolutionize the market. As a result, leading players are likely to focus on innovations and strategic collaborations to strengthen their market presence. In summary, the Vietnam Scale & Balance Market will witness steady growth with enhanced technological integration and rising end-user demand.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
Among the various types, the Laboratory Balance and Scales category is expected to dominate the market. This segment benefits from the increasing demand for precision measurement in various industries, including pharmaceuticals, healthcare, and research and development.
In the competitive landscape of Vietnam Scale & Balance Market, Maintenance and Repair Services are expected to grow the market. These services are critical for ensuring the longevity, accuracy, and efficiency of scales and balances, particularly in industries such as manufacturing, food processing, and healthcare.
Among the various category in the Vietnam Scale & Balance Market, Online distribution channels are anticipated to control the market. The increasing adoption of e-commerce platforms, coupled with the convenience of online shopping, has made it easier for businesses to access a wide range of scale and balance products.
According to Kapil, Senior Research Analyst, 6Wresearch, the Manufacturing Industry is expected to lead the market as the primary end-user category. The demand for scales and balances is driven by the need for precision in production processes, inventory management, and quality control.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
| 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 Vietnam Scale & Balance Market Overview |
| 3.1 Vietnam Country Macro Economic Indicators |
| 3.2 Vietnam Scale & Balance Market Revenues & Volume, 2021 & 2031F |
| 3.3 Vietnam Scale & Balance Market - Industry Life Cycle |
| 3.4 Vietnam Scale & Balance Market - Porter's Five Forces |
| 3.5 Vietnam Scale & Balance Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
| 3.6 Vietnam Scale & Balance Market Revenues & Volume Share, By Services, 2021 & 2031F |
| 3.7 Vietnam Scale & Balance Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
| 3.8 Vietnam Scale & Balance Market Revenues & Volume Share, By End-User, 2021 & 2031F |
| 4 Vietnam Scale & Balance Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Vietnam Scale & Balance Market Trends |
| 6 Vietnam Scale & Balance Market, By Types |
| 6.1 Vietnam Scale & Balance Market, By Product Types |
| 6.1.1 Overview and Analysis |
| 6.1.2 Vietnam Scale & Balance Market Revenues & Volume, By Product Types, 2021 - 2031F |
| 6.1.3 Vietnam Scale & Balance Market Revenues & Volume, By Bench and Floor Scales, 2021 - 2031F |
| 6.1.4 Vietnam Scale & Balance Market Revenues & Volume, By Laboratory Balance and Scales, 2021 - 2031F |
| 6.1.5 Vietnam Scale & Balance Market Revenues & Volume, By Truck Scales, 2021 - 2031F |
| 6.1.6 Vietnam Scale & Balance Market Revenues & Volume, By Hanging Scales, 2021 - 2031F |
| 6.1.7 Vietnam Scale & Balance Market Revenues & Volume, By Counting Scales, 2021 - 2031F |
| 6.1.8 Vietnam Scale & Balance Market Revenues & Volume, By Others, 2021 - 2031F |
| 6.2 Vietnam Scale & Balance Market, By Services |
| 6.2.1 Overview and Analysis |
| 6.2.2 Vietnam Scale & Balance Market Revenues & Volume, By Engineering Support Service, 2021 - 2031F |
| 6.2.3 Vietnam Scale & Balance Market Revenues & Volume, By Installation Services, 2021 - 2031F |
| 6.2.4 Vietnam Scale & Balance Market Revenues & Volume, By Upgrade, Maintenance and Repair Services, 2021 - 2031F |
| 6.2.5 Vietnam Scale & Balance Market Revenues & Volume, By Software Solutions, 2021 - 2031F |
| 6.3 Vietnam Scale & Balance Market, By Distribution Channel |
| 6.3.1 Overview and Analysis |
| 6.3.2 Vietnam Scale & Balance Market Revenues & Volume, By Online, 2021 - 2031F |
| 6.3.3 Vietnam Scale & Balance Market Revenues & Volume, By Offline, 2021 - 2031F |
| 6.4 Vietnam Scale & Balance Market, By End-User |
| 6.4.1 Overview and Analysis |
| 6.4.2 Vietnam Scale & Balance Market Revenues & Volume, By Construction Industry, 2021 - 2031F |
| 6.4.3 Vietnam Scale & Balance Market Revenues & Volume, By Food and Beverage Industry, 2021 - 2031F |
| 6.4.4 Vietnam Scale & Balance Market Revenues & Volume, By Transport and Logistics, 2021 - 2031F |
| 6.4.5 Vietnam Scale & Balance Market Revenues & Volume, By Manufacturing Industry, 2021 - 2031F |
| 6.4.6 Vietnam Scale & Balance Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
| 6.4.7 Vietnam Scale & Balance Market Revenues & Volume, By Mining Industry, 2021 - 2031F |
| 6.4.8 Vietnam Scale & Balance Market Revenues & Volume, By Other, 2021 - 2031F |
| 6.4.9 Vietnam Scale & Balance Market Revenues & Volume, By Other, 2021 - 2031F |
| 7 Vietnam Scale & Balance Market Import-Export Trade Statistics |
| 7.1 Vietnam Scale & Balance Market Export to Major Countries |
| 7.2 Vietnam Scale & Balance Market Imports from Major Countries |
| 8 Vietnam Scale & Balance Market Key Performance Indicators |
| 9 Vietnam Scale & Balance Market - Opportunity Assessment |
| 9.1 Vietnam Scale & Balance Market Opportunity Assessment, By Product Types, 2021 & 2031F |
| 9.2 Vietnam Scale & Balance Market Opportunity Assessment, By Services, 2021 & 2031F |
| 9.3 Vietnam Scale & Balance Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
| 9.4 Vietnam Scale & Balance Market Opportunity Assessment, By End-User, 2021 & 2031F |
| 10 Vietnam Scale & Balance Market - Competitive Landscape |
| 10.1 Vietnam Scale & Balance Market Revenue Share, By Companies, 2024 |
| 10.2 Vietnam Scale & Balance Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |