Scale & Balance Manufacturing
Over the past five years, the Scale and Balance Manufacturing industry was able to partially recover from a heavy recession. As a result, demand for industry products ranging from vehicle scales to laboratory balances increased. Nonetheless, the economic recovery was fragile and the laboratory market experienced volatile growth. Over the next five years, the industry will continue to grow, eventually reaching prerecession levels. Continued economic growth is expected to lead to increasing industrial output and higher freight volumes. Industry operators will also push for higher exports, but a stronger dollar and increased import competition will challenge these plans.
This industry manufactures scales and balances for use in households, businesses and municipal organizations. Scales and balances are used to measure the weight of objects or people.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Illinois Tool Works Inc.
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