Electronic Weighing Machines Market Revenue was valued at USD 5.2 Billion in 2024 and is estimated to reach USD 8.9 Billion by 2033, growing at a CAGR of 6.3% from 2026 to 2033.
South Korea's electronic weighing machines market is experiencing significant growth, driven by technological advancements and the increasing demand for precision across various industries. As of 2024, the market is valued at approximately USD 13.1 million and is projected to reach USD 24.1 million by 2034, reflecting a compound annual growth rate (CAGR) of 6.3%.
Several factors contribute to this upward trend:
Technological Innovations: The integration of advanced sensors, digital displays, and wireless connectivity enhances accuracy and convenience, attracting sectors like retail, healthcare, and logistics.
Stringent Regulations: Industries such as food, pharmaceuticals, and manufacturing require precise measurements to comply with strict standards, boosting the adoption of electronic weighing machines.
Industrial Automation: The shift towards automated production lines necessitates accurate weighing solutions to ensure efficiency and quality control.
In South Korea, the food industry notably drives the demand for multihead weighers, which are essential for packaging and portioning products like snacks, fresh produce, and seafood. The agricultural and seafood sectors, particularly in regions like South Jeolla and South Gyeongsang, benefit from these machines to ensure consistent portion sizes and reduce waste.
The market offers various types of electronic weighing machines tailored to specific industry needs:
Laboratory Scales: Essential in scientific research and quality control for precise measurements of small quantities.
Gem and Jewelry Scales: Provide the accuracy required for valuing precious stones and metals.
Retail Scales: Used in commercial settings to ensure accurate pricing based on weight.
Health Scales: Common in medical and fitness facilities for monitoring body weight and composition.
Kitchen Scales: Popular among consumers and culinary professionals for precise ingredient measurements.
Distribution channels have evolved, with both online and offline platforms facilitating accessibility. The rise of e-commerce has particularly expanded the reach of these machines to a broader customer base.
Leading companies in the South Korean electronic weighing machines market include:
CAS Corporation: A prominent manufacturer known for exporting electronic scales to over 120 countries. Founded in 1983, CAS has established a strong global presence.
Hwaseung R&A: Specializes in industrial packaging products, including weighing solutions.
Sungwon Steel Co., Ltd.: Produces steel drums and related products, integrating weighing technologies into their offerings.
Dongil Canvas Engineering: Provides flexible packaging solutions with integrated weighing systems for the food and pharmaceutical industries.
As industries continue to prioritize precision and efficiency, the electronic weighing machines market in South Korea is poised for sustained growth, driven by innovation and the expanding needs of various sectors.
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A&D Company
Ltd.
Mettler-Toledo International
Inc.
Doran Scales
Inc.
Essae-Teraoka Pvt. Ltd.
Fairbanks Scales Inc.
Kern & Sohn GmbH
BONSO Electronics International Inc.
Adam Equipment
Sartorius Group
Contech Instruments
Avery Weigh Tronix
Rice Lake Weighing Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Electronic Weighing Machines Market
Analytical Balances
Precision Balances
Industrial Scales
Bench Scales
Portable and Compact Scales
Pharmaceutical Industry
Food and Beverage Industry
Manufacturing and Production
Logistics and Warehousing
Retail Sector
Digital Displays
Analog Displays
Touch Screen Displays
Graphical Displays
Load Cell Technology
Electromagnetic Force Restoration
Pneumatic Weighing
Resistive Technology
Healthcare Sector
Agriculture and Farming
Mining and Metals
Aerospace
Education and Research Institutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Electronic Weighing Machines Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Electronic Weighing Machines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Electronic Weighing Machines Market, By Type
6. South Korea Electronic Weighing Machines Market, By Application
7. South Korea Electronic Weighing Machines Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Electronic Weighing Machines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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