The Global Weighing and Inspection Market is expected to reach USD 3,089.85 million by 2024, from USD 1,940.60 million in 2016 growing at a CAGR of 6.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global weighing and inspection market By Product Type (Metal Detectors{Conveyor Based Systems, Search Heads, Gravity Feed Products}, Check Weighers {In Motion Check Weighers, Static Scales}, X-Ray Detection Systems), Industry (Food and Beverages {Meat and Poultry, Bakery, Packaged Foods and Drinks, Dairy, Cereals and Grains, Fish and Seafood, Fruit and Vegetables}, Pharmaceuticals, Consumer Products {Hygiene Products, Cosmetics, Others}, Automotive Industry, Hazardous Products, Chemicals, Plastics and Materials, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
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Market Segmentation:
The global weighing and inspection market is segmented on the basis of product type and industry. Global weighing and inspection market is segmented based on product type into three notable segments:
metal detectors, check weighers, and X-ray detection systems. In 2017, metal detectors is expected to dominate the global weighing and inspection with 60.5% market share and is expected to reach USD 1,896.93 million by 2024, with the highest CAGR of 6.3% in the forecast period 2017 to 2024.
In 2017, food and beverages is expected to dominate the global weighing and inspection with 30.8% market share and is expected to reach USD 999.71 million by 2024, with the highest CAGR of 6.9% in the forecast period 2017 to 2024.
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The factors such as increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market. On the other hand, high cost of equipment, demand for used and refurbished equipment may hinder the growth of the market. The weighing and inspection market in the Global region is leading in North America.
Key Drivers:
Global weighing and inspection market is growing with the increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market.
Key Points:
The weighing and inspection market in the Global region is leading in North America, Europe, and Asia-Pacific. North America accounts for the highest market share in this region.
Global food and beverages weighing and inspection market is dominated by Thermo Fisher Scientific Inc., followed by MAREL and loma systems
Global pharmaceuticals weighing and inspection market is dominated by Thermo Fisher Scientific Inc., followed by Minebea Mitsumi Inc., and Anritsu.
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