Weighbridges
is a large scale that weighs large objects of huge size. The scale is usually
installed on a concrete surface and has an electronic monitor that displays the
load of the weighed content. Weighbridges can be used to weigh all types of
materials, from high-tonnage vehicles to agricultural food. Weighbridges can be
divided into analog weighbridges and digital weighbridges according to the
sensor output signal classification. currently, the mainstream on the market is
digital weighbridges. the output signal of the analog sensor is generally tens
of millivolts at most. in the process of transmitting these weak signals on the
cable, it is easy to be interfered, which causes the system to work unstable or
reduce the measurement accuracy. the output signals of digital sensors are all
around 3-4v, and their anti-interference ability is hundreds of times greater
than analog signals, which solves the problem of weak transmission signals and
interference. Weighbridges are large scales that can be moved or fixed, and are
usually used to weigh the tonnage of trucks. This product is usually used in
warehouse, trading company, market place, port and others.
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Global Weighbridges Market
Analysis
According
to our research, the weighbridge industry market generated a total revenue of
USD 996.30 million in 2015 and increase to USD 1131.18 million in 2019. We have
performed a series of functional calculations and derived the figures for the
past 5 years using scientific models. Finally, we forecast that the market
value of the weighbridge industry could reach USD 1299.81 million by 2025.
North
America is the largest revenue market with a market share of 36.99% in 2015 and
36.55% in 2019, a decrease of 0.44%. in 2019, Europe has the second largest
market share with 33.54%. Growing economy, increasing downstream demand, and
technological innovation advancements in these areas will boost the market for
floor weighing industry. The market concentration rate in the weighbridge
industry is moderate. The top three companies are Mettler Toledo Transport and
Logistics, Avery Weigh-Tronix, and Schenck Process Group, with revenue market
shares of 27.87%, 6.27%, and 5.07% in 2019.
The
growth of the weighbridge industry market is driven by the downstream demand
market. The growing market demand is playing a positive role in the expansion
of the weighbridge industry market as the European economy develops. Higher
product quality and more affordable products will be among the future growth
opportunities for this market. At the same time, competition in new regions is
likely to become more intense. This could be a factor that hinders the growth
of the market.
Global Weighbridge Industry
SWOT Analysis
With
the development of economy, the intensification of industrialization, the
acceleration of urbanization and the construction of international logistics,
the weighing demand for large commodities has gradually increased. The
object-oriented Weighbridges mainly for enterprises. Production enterprises
have constant demand for Weighbridges, and buying Weighbridges is a common tool
for enterprises. The industries that weighbridges mainly target include metal
mining, quarries, electrical equipment, steel manufacturing, liquids, household
products and powders, etc. Thanks to the construction of a modern society,
these industries are booming, forming the main driving force for the
development of the weighbridge industry. The rise of the Internet and
e-commerce allows companies to build their own websites to promote brand
culture and comprehensively release product features to facilitate potential
customers to understand in advance or review afterwards. In addition, in the
past, due to the cost of communication and transportation, the company rarely
opened up overseas markets. In the Internet age, the flow of information has
never been faster. Through the Internet, the company can quickly contact overseas
distributors and actively explore overseas markets.
At
present, many companies have already operated in this industry, and companies
strive for more market share. With the growth of downstream demand and the
emergence of market opportunities, competition may intensify. Companies that
already have loyal customers, mature teams, and a comprehensive understanding
of customer needs may be less affected. In addition, the industry\'s threshold
is not low, and it has certain requirements for technology and capital. Unless
new entrants have sufficient financial background and mature technical teams
and sales channels, competition will mainly occur between existing companies.
From
the wooden structure to the introduction of steel materials, from analog load cells
to more versatile digital load cells, from the perspective of technological
development, the weighbridge industry has undergone several technological
innovations and changes, and this trend will continue. The advancement of
automation control technology, automatic detection technology, safety
instrument technology, sensor technology, wireless technology and other
technologies makes automation and intelligence become the future market trend.
Enterprises need to increase technological investment and innovation, and carry
out customer demand-centric technology With product innovation to establish a
reliable competitive advantage. North America and Europe are the main markets
for this industry. North America and Europe are the gathering places of
developed countries, with strong R&D bases, talent reserves and consumption
capacity, and are currently the main markets. With the development of emerging
economies, for example, China’s GDP has ranked second in the world, second only
to the United States, and the Asian region may bring growth opportunities. According to China
Customs statistics, the total exports of scales reached 136.65 million US
dollars in 2000, an increase of 2.1 times compared to the end of the 8th
Five-Year Plan; all types of scales entered in the current standards have
electronic products, some of which have reached the international technical
level of the early and mid-1990s. By 2019, China\'s total exports of weighing
equipment will exceed RMB 10 billion, an increase of 3.88% year-on-year.
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