Global Weighbridge Industry Analysis, Four Major Areas of Application Will Drive a Hundred Billion Market Size

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. Weighbridges can be divided into analog weighbridges and digital weighbridges according to the sensor output signal classification. currently, the mainstream on the market is digital weighbridges. the output signal of the analog sensor is generally tens of millivolts at most. in the process of transmitting these weak signals on the cable, it is easy to be interfered, which causes the system to work unstable or reduce the measurement accuracy. the output signals of digital sensors are all around 3-4v, and their anti-interference ability is hundreds of times greater than analog signals, which solves the problem of weak transmission signals and interference. Weighbridges are large scales that can be moved or fixed, and are usually used to weigh the tonnage of trucks. This product is usually used in warehouse, trading company, market place, port and others.

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Global Weighbridges Market Analysis

According to our research, the weighbridge industry market generated a total revenue of USD 996.30 million in 2015 and increase to USD 1131.18 million in 2019. We have performed a series of functional calculations and derived the figures for the past 5 years using scientific models. Finally, we forecast that the market value of the weighbridge industry could reach USD 1299.81 million by 2025.

North America is the largest revenue market with a market share of 36.99% in 2015 and 36.55% in 2019, a decrease of 0.44%. in 2019, Europe has the second largest market share with 33.54%. Growing economy, increasing downstream demand, and technological innovation advancements in these areas will boost the market for floor weighing industry. The market concentration rate in the weighbridge industry is moderate. The top three companies are Mettler Toledo Transport and Logistics, Avery Weigh-Tronix, and Schenck Process Group, with revenue market shares of 27.87%, 6.27%, and 5.07% in 2019.

The growth of the weighbridge industry market is driven by the downstream demand market. The growing market demand is playing a positive role in the expansion of the weighbridge industry market as the European economy develops. Higher product quality and more affordable products will be among the future growth opportunities for this market. At the same time, competition in new regions is likely to become more intense. This could be a factor that hinders the growth of the market.

 

Global Weighbridge Industry SWOT Analysis

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 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.

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.

From the wooden structure to the introduction of steel materials, from analog load cells to more versatile digital load cells, from the perspective of technological development, the weighbridge industry has undergone several technological innovations and changes, and this trend will continue. The advancement of automation control technology, automatic detection technology, safety instrument technology, sensor technology, wireless technology and other technologies makes automation and intelligence become the future market trend. Enterprises need to increase technological investment and innovation, and carry out customer demand-centric technology With product innovation to establish a reliable competitive advantage. North America and Europe are the main markets for this industry. North America and Europe are the gathering places of developed countries, with strong R&D bases, talent reserves and consumption capacity, and are currently the main markets. With the development of emerging economies, for example, China’s GDP has ranked second in the world, second only to the United States, and the Asian region may bring growth opportunities. According to China Customs statistics, the total exports of scales reached 136.65 million US dollars in 2000, an increase of 2.1 times compared to the end of the 8th Five-Year Plan; all types of scales entered in the current standards have electronic products, some of which have reached the international technical level of the early and mid-1990s. By 2019, China\'s total exports of weighing equipment will exceed RMB 10 billion, an increase of 3.88% year-on-year.

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