Asia-Pacific weighing and inspection market is expected to reach USD 649.56 million by 2024, from USD 392.00 million in 2016 growing at a CAGR of 6.6% in the forecast period 2017 to 2024.
The factors such as increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market. On the other hand, high cost of equipment, demand for used and refurbished equipment may hinder the growth of the market. The weighing and inspection market in the Asia-Pacific region is leading in Japan.
The key market players for Asia-Pacific weighing and inspection market are listed below;
Minebea Mitsumi Inc.,
Thermofisher Inc.,
Anritsu.
The market is further segmented into;
product type
industry
The Asia-Pacific weighing and inspection market is segmented on the basis of product type and industry. Asia-Pacific weighing and inspection market is segmented based on product type into three notable segments; metal detectors, check weighers, and X-ray detection systems. In 2017, metal detectors is expected to dominate the Asia-Pacific weighing and inspection market with 60.6% market share and is expected to reach USD 399.19 million by 2024, with the highest CAGR of 6.8% in the forecast period 2017 to 2024.
The global weighing and inspection market is segmented based on industry into segments; food and beverages, pharmaceuticals, consumer products, automotive industry, hazardous products, chemicals, plastics and materials, and others. In 2017, food and beverages segment is expected to dominate the Asia-Pacific weighing and inspection market with 33.6% market share and is expected to reach USD 227.83 million by 2024, with the highest CAGR of 7.3% in the forecast period 2017 to 2024.
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Based on geography, the Asia-Pacific weighing and inspection market is segmented into geographical regions, such as,
China,
Japan,
India,
South Korea,
Australia,
Thailand,
Malaysia,
Singapore,
Indonesia,
Philippines
Rest of Asia-Pacific
Covered in this report
The report covers the present scenario and the growth prospects of Asia-Pacific weighing and inspection market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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