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Laboratory Balances and Scales Market by Product (Balances (Analytical, Precision, Micro, Portable, Moisture), Scales (Bench, Counting, Compact)), End User (Pharmaceutical, Biotechnology, Chemical, Beverage, Petroleum, Academia) - Global Forecast to 2023

Laboratory Balances and Scales Market by Product (Balances (Analytical, Precision, Micro, Portable, Moisture), Scales (Bench, Counting, Compact)), End User (Pharmaceutical, Biotechnology, Chemical, Beverage, Petroleum, Academia) - Global Forecast to 2023

“The lab balances and scales market is projected to grow at a CAGR of 3.7% during the forecast period”
The global lab balances and scales market is projected to reach USD 1.6 billion by 2023 from USD 1.3 billion in 2018, at a CAGR of 3.7%. The growth of this market is largely driven by factors such as increasingly stringent regulatory framework for product safety in biotechnology and pharmaceutical industries; growing public emphasis on Implementation of stringent food safety guidelines; and expansion of research pipeline among pharma-biotech and CROs. However, limited replacement rate of lab balances among end users is expected to hamper the market.

“The lab balances segment is expected to account for the largest market share during the forecast period”
Based on product, the lab balances and scales market is segmented into lab balances and lab scales. The lab balances segment is expected to account for the largest share of this market in 2018. The growing adoption of balances among key end users industries (owing to the greater regulatory compliance for product quality and increased research pipeline that replicate into higher lab balances usage) is the major factors driving the growth of this market segment.

“The pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is estimated to grow at the highest rate during the forecast period”
On the basis of end user, the lab balances and scales market has been segmented into pharmaceutical, cosmeceutical, and biotechnology product testing laboratories; chemical and material testing laboratories; food and beverage testing laboratories; petroleum product testing laboratories; research laboratories & academic institutes, and other end users. The pharmaceutical, cosmeceutical, and biotechnology product testing laboratories segment is estimated to grow at the highest rate during the forecast period due to factors such as need to comply with product safety & quality regulations and growing public-private investments to strengthen the pipeline development of novel pharmaceutical and biotechnology products.

“Asia Pacific to witness high growth rate in global lab balances and scales market during the forecast period”
The lab balances and scales market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. Asia Pacific is expected to register high growth rate in global lab balances and scales market in 2018. The increasing number of R&D activities, rising government healthcare expenditure, and presence of stringent regulatory policies (especially for food and drug safety) are some of the key factors supporting the growth of the Asia Pacific market. Furthermore, increasing usage of analytical instruments (include lab balances and scales) in the food industry (owing to the growing food safety concerns) and growth of the biotechnology and pharmaceutical industry are some of the other major factors driving the growth of the lab balances and scales market in Asia Pacific.

Breakdown of supply-side primary interviews:
By Company Type: Tier 1-25%, Tier 2-30%, and Tier 3-45%
By Designation: C-level-26%, Director-level-30%, and Others-44%
By Region: North America-35%, Europe-26%, APAC-23%, and RoW-16%

The major players in the market include A&D Company, Ltd (Japan), Metler Toledo international, Inc. (US), Sartorius AG (Germany), Shimadzu Corporation (Japan), PCE Instruments (UK), Kern & Sohn GmbH (Germany), RADWAG Balances and Scales (Poland), Adam Equipment Co. (UK), Avery Weigh-Tronix, LLC (UK), Bonso Electronics International, Inc. (China), Essae Group (India), and Gram Precision S.L (Spain).

Research Coverage
This report studies the lab balances and scales market based on product, end user, and region. The report also studies factors (such as drivers, restraints, and opportunities) affecting market growth. It analyzes the drivers, restraints, and opportunities in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions (and the respective countries in these regions).

Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the lab balances and scales market, and high-growth regions and their drivers, restraints, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY USED FOR THE STUDY
    • MAJOR MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET ESTIMATION METHODOLOGY
      • USAGE PATTERN-BASED MARKET ESTIMATION
      • REVENUE MAPPING-BASED MARKET ESTIMATION
      • PRIMARY RESEARCH VALIDATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • LABORATORY BALANCES AND SCALES: MARKET OVERVIEW
    • LABORATORY BALANCES MARKET, BY TYPE, 2018 VS. 2023
    • LABORATORY SCALES MARKET, BY TYPE, 2018 VS. 2023
    • GEOGRAPHIC ANALYSIS: LABORATORY BALANCES AND SCALES MARKET, BY END USER (2018)
    • LABORATORY BALANCES AND SCALES MARKET, BY COUNTRY (2018–2023)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
  • LABORATORY BALANCES AND SCALES MARKET, BY TYPE
    • INTRODUCTION
      • Table LABORATORY BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
    • LABORATORY BALANCES
      • Table LABORATORY BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table LABORATORY BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
      • Table LABORATORY BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • ANALYTICAL BALANCES
        • Table ANALYTICAL BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table ANALYTICAL BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • TOP-LOADING/PRECISION BALANCES
        • Table TOP-LOADING BALANCES/PRECISION BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table TOP-LOADING BALANCES/PRECISION BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • MICRO & ULTRA-MICRO BALANCES
        • Table MICRO AND ULTRA-MICRO BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table MICRO AND ULTRA-MICRO BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • MOISTURE BALANCES
        • Table MOISTURE BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table MOISTURE BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • PORTABLE/COMPACT BALANCES
        • Table PORTABLE/COMPACT BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table PORTABLE/COMPACT BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • OTHER BALANCES
        • Table OTHER LABORATORY BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table OTHER LABORATORY BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
    • LABORATORY SCALES
      • Table LABORATORY SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table LABORATORY SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
      • Table LABORATORY SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • BENCH SCALES
        • Table BENCH SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table BENCH SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • COUNTING SCALES
        • Table COUNTING SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table COUNTING SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • COMPACT SCALES
        • Table COMPACT SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table COMPACT SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • OTHER SCALES
        • Table OTHER SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table OTHER SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
  • LABORATORY BALANCES AND SCALES MARKET, BY END USER
    • INTRODUCTION
      • Table LABORATORY BALANCES AND SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
    • PHARMACEUTICAL, COSMECEUTICAL, AND BIOTECHNOLOGY PRODUCTS TESTING LABORATORIES
      • GROWING DEVELOPMENTAL PIPELINE OF PHARMACEUTICAL AND BIOTECHNOLOGY MANUFACTURERS IS A KEY DRIVER
        • Table LABORATORY BALANCES AND SCALES MARKET FOR PHARMACEUTICAL, COSMECEUTICAL, AND BIOTECHNOLOGY PRODUCTS TESTING LABORATORIES, BY REGION, 2016-2023 (USD MILLION)
    • CHEMICAL AND MATERIAL TESTING LABORATORIES
      • DEMAND FOR LAB BALANCES AND SCALES IS ESTIMATED TO RISE WITH INCREASING PRODUCTION OUTPUT OF CHEMICALS AND MATERIALS
        • Table LABORATORY BALANCES AND SCALES MARKET FOR CHEMICAL AND MATERIAL TESTING LABORATORIES, BY REGION, 2016-2023 (USD MILLION)
    • FOOD AND BEVERAGE TESTING LABORATORIES
      • INCREASING FOOD ADULTERATION AND CONTAMINATION HAS RESULTED IN IMPLEMENTATION OF STRINGENT FOOD SAFETY GUIDELINES
        • Table LABORATORY BALANCES AND SCALES MARKET FOR FOOD AND BEVERAGE TESTING LABORATORIES, BY REGION, 2016-2023 (USD MILLION)
    • PETROLEUM PRODUCT TESTING LABORATORIES
      • INCREASING NUMBER OF RESEARCH ACTIVITIES ACROSS PETROLEUM INDUSTRIES IS DRIVING DEMAND
        • Table LABORATORY BALANCES AND SCALES MARKET FOR PETROLEUM PRODUCT TESTING LABORATORIES, BY REGION, 2016-2023 (USD MILLION)
    • RESEARCH LABORATORIES AND ACADEMIC INSTITUTES
      • LIMITED BUDGETS OF SMALL & MID-SIZED RESEARCH LABS AND ACADEMIC INSTITUTES MAY RESTRAIN MARKET GROWTH
        • Table LABORATORY BALANCES AND SCALES MARKET FOR RESEARCH LABORATORIES AND ACADEMIC INSTITUTES, BY REGION, 2016-2023 (USD MILLION)
    • OTHER END USERS
      • Table LABORATORY BALANCES AND SCALES MARKET FOR OTHER END USERS, BY REGION, 2016-2023 (USD MILLION)
  • LAB BALANCES AND SCALES MARKET, BY REGION
    • INTRODUCTION
      • Table LAB BALANCES AND SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
      • Table LAB BALANCES MARKET, BY REGION, 2016–2023 (USD MILLION)
      • Table LAB BALANCES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table LAB SCALES MARKET, BY REGION, 2016–2023 (USD MILLION)
      • Table LAB SCALES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: LAB BALANCES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: LAB SCALES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: LAB BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: LAB SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • US
        • Table US: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table US: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table US: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • CANADA
        • Table CANADA: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table CANADA: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table CANADA: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: LAB BALANCES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table EUROPE: LAB SCALES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table EUROPE: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: LAB BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • Table EUROPE: LAB SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table GERMANY: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table GERMANY: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • UK
        • Table UK: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table UK: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table UK: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table FRANCE: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table FRANCE: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • REST OF EUROPE
        • Table ROE: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table ROE: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table ROE: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: LAB BALANCES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: LAB SCALES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: LAB BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: LAB SCALES MARKET, BY END USER, 2016–2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table JAPAN: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table JAPAN: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • CHINA
        • Table CHINA: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table CHINA: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table CHINA: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • INDIA
        • Table INDIA: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table INDIA: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table INDIA: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table ROAPAC: LAB BALANCES AND SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table ROAPAC: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
        • Table ROAPAC: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: LAB BALANCES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table ROW: LAB SCALES MARKET, BY TYPE, 2016–2023 (USD MILLION)
      • Table ROW: LAB BALANCES MARKET, BY END USER, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • GLOBAL MARKET SHARE ANALYSIS (2017)
    • COMPETITIVE SCENARIO (2014-2018)
      • KEY PRODUCT LAUNCHES (2014-2018)
      • KEY EXPANSIONS (2014-2018)
  • COMPANY PROFILES
    • INTRODUCTION
    • A&D COMPANY, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • ADAM EQUIPMENT, LTD.
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • AVERY WEIGH-TRONIX LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • BONSO ELECTRONICS INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • DANAHER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • ESSAE GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • GRAM PRECISION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
    • HUMBOLDT MFG. CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
    • KERN & SOHN GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • METTLER TOLEDO INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • PCE HOLDING GMBH & CO. KG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • RADWAG BALANCES AND SCALES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • SARTORIUS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
    • SCIENTECH, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
    • SHIMADZU CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2014-2018)
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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