India Electronic Weighing Machines Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Type (Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale, Others), By Distribution Channel (Online, Offline) And Competitive Landscape

Product Code: ETC432680	Publication Date: Nov 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Report Description
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India Electronic Weighing Machines Market Synopsis

The Electronic Weighing Machines Market in India has been growing steadily over the past few years. This is due to the increasing need for accurate and precise weighing of various products in industries such as food and beverage, pharmaceutical, and cosmetics. With the rising demand for these products, the India Electronic Weighing Machines Market is expected to grow during the forecast period.

The market is driven by the growing demand for accurate and precise measurements in various industries such as food & beverage, pharmaceuticals, chemicals, and others.

According to 6Wresearch, the India Electronic Weighing Machines Market size is expected to grow during 2022-2028. In India, the food & beverage industry is the major contributor to the electronic weighing machines market growth. The growing demand for packaged and processed food products has led to the need for accurate weighment of raw materials and finished products. The pharmaceutical industry is another major user of these machines as they are used for measuring the dosage of drugs and other chemicals.

COVID-19 impact on Electronic Weighing Machines Market in India

The COVID-19 pandemic adversely affected the growth of Electronic Weighing Machines Market in India. It was due to the imposed lockdown. The food and beverage industry in India is the major contributor of electronic weighing machines and this industry negatively affected by the market. During pandemic, there was decline in the requirement of electronic weighing machines which affected the development of the market.

Market Analysis by Type

On the basis of type, the market is segmented into Laboratory Scale, Gem and Jewelry Scale, Retail Scale, Health Scale, Kitchen Scale and Others. Among these, the retail scale segment is expected to dominate the market in the years to come.

Market Analysis by Distribution Channel

On the basis of distribution channel, the market is segmented into Online and Offline. The offline segment is dominating the market and continue to dominate it. This is because most people prefer to purchase these products offline stores in order to see the quality.

Competitive Landscape

The India Electronic Weighing Machines Market is highly competitive with a large number of local and international players operating in the country. Major players operating in the India Electronic Weighing Machines Market include Mettler-Toledo International Inc., Avery Weigh-Tronix, Fairbanks Scales, Inc., Ohaus Corporation, HBM nv, Richelle Scale Co., Ltd., Topper Industrial Equipment Co., Ltd., Sartorius AG, MinebeaMitsumi Inc., and METTLER TOLEDO India Pvt. Ltd. These companies are engaged in various strategies such as mergers & acquisitions, expansions, new product launches, joint ventures & partnerships to maintain their foothold in the market. For instance, in February 2019, Mettler-Toledo International Inc. acquired XAAR Measurement Solutions Limited (XMS) from XAAR plc. The acquisition will help the company to expand its portfolio of solutions and services for quality control in industrial environments.

Drivers and Restraints for the India Electronic Weighing Machines Industry

The Electronic Weighing Machines Market in India is primarily driven by the increasing demand from the food & beverage industry. The food & beverage industry is one of the largest end-users of electronic weighing machines in India. The other major end-users of electronic weighing machines in India include the pharmaceuticals, chemical, and construction industries.

The main restraint for the growth of India Electronic Weighing Machines Market is the lack of awareness about these products among small and medium enterprises (SMEs). SMEs account for a significant share of the overall manufacturing output in India but they are not aware of the benefits offered by electronic weighing machines. This is restraining the growth of the market to some extent.

Opportunities in the India Electronic Weighing Machines Market

India is expected to witness the highest growth in the electronic weighing machines market during the forecast period.

India is one of the fastest-growing economies in the world and is expected to continue on this growth trajectory in the coming years. This, coupled with a rapidly growing population and rising disposable incomes, is expected to drive demand for electronic weighing machines in India over the forecast period.

Key attractiveness of the report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

India Electronic Weighing Machines Market Outlook
Market Size of India Electronic Weighing Machines Market, 2021
Forecast of India Electronic Weighing Machines Market, 2028
Historical Data and Forecast of India Electronic Weighing Machines Revenues & Volume for the Period 2018 - 2028
India Electronic Weighing Machines Market Trend Evolution
India Electronic Weighing Machines Market Drivers and Challenges
India Electronic Weighing Machines Price Trends
India Electronic Weighing Machines Porter's Five Forces
India Electronic Weighing Machines Industry Life Cycle
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Type for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Laboratory Scale for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Gem and Jewelry Scale for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Retail Scale for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Health Scale for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Kitchen Scale for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Others for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Online for the Period 2018 - 2028
Historical Data and Forecast of India Electronic Weighing Machines Market Revenues & Volume By Offline for the Period 2018 - 2028
India Electronic Weighing Machines Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Distribution Channel
India Electronic Weighing Machines Top Companies Market Share
India Electronic Weighing Machines Competitive Benchmarking By Technical and Operational Parameters
India Electronic Weighing Machines Company Profiles
India Electronic Weighing Machines Key Strategic Recommendations