Global Weighbridge Market: Introduction
- A weighbridge, also known as a truck scale, is a set of scales utilized to weigh bulk items. A weighbridge is installed on a metal structure or concrete structure.
- Weighbridges are digital or electronic monitors that display the weight of the truck weighed. They are generally used for weighing heavy or bulky vehicles such as rail containers or trucks.
Key Drivers of the Global Weighbridge Market
- Industries wherein bulk movement occurs include metal mining, quarries, electric equipment, steel manufacturing, liquids, household goods, and powder and these are gradually expanding. The need for technologically advanced weighbridges is rising. Steel manufacturing and power industries are likely to expand at a significant rate in the near future. This in turn would positively impact the global weighbridge market during the forecast period.
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Asia Pacific Market to Expand Rapidly
- In terms of region, the global weighbridge market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- The North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the weighbridge market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa comprises the weighbridge market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The South America weighbridge market includes Brazil and Rest of South America.
- Currently, North America and Europe are the dominant markets for weighbridges, as these regions witness advancements in technology. On the other hand, the market in Asia Pacific is estimated to expand rapidly during the forecast period, due to rise in purchasing power of people in various industries such as electrical equipment and manufacturing. Countries such as China and India are projected to dominate the weighbridge market in Asia Pacific during the forecast period.
Key Players Operating in the Global Market
The global weighbridge market is fragmented, owing to presence of a few global and several domestic players. Moreover, companies are estimated to witness rising demand for weighbridges during the forecast period, due to rising awareness about technologically advanced and automatically operating products. Increasing purchasing power of people in developing countries is expected to drive the adoption of weighbridges in the next few years. Players operating in the global weighbridge market are launching new products and entering into mergers and acquisitions. For example, Weighbridge and Liberation are planning to merge to expand their business. Moreover, Giropes has announced the launch of the new GI430 Weighbridge Indicator. In June 2019, Quinn Industrial Holdings installed an automated weighbridge system supplied by Precia Molen at its limestone quarry at Crievehill near Fivemiletown in Tyrone County of Northern Ireland
A few of the key players operating in the global weighbridge market are:
- Avery Weigh-Tronix
- Dini Argeo S.r.l.
- GIROPES SL
- METTLER TOLEDO
- PRECIA SA
- Prime Instruments
- Schenck Process Holding GmbH
- Tradeweb India Pvt. Ltd.
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Global Weighbridge Market: Research Scope
Global Weighbridge Market, by Type
- Analog Weighbridge
- Digital Weighbridge
Global Weighbridge Market, by Structure Type
- Concrete Structure
- Metal Structure
Global Weighbridge Market, by installation Type
- Above Ground
- In Ground
- Semi Pit
Global Weighbridge Market, by Capacity (Ton)
- Below 50
- Above 100
Global Weighbridge Market, by Application
Global Weighbridge Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the global weighbridge market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on various segments of the market across regions.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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