PUBLISHER: The Business Research Company | PRODUCT CODE: 1760223
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760223
Precision weights are standardized reference weights that provide high accuracy and are used for calibration, testing, and quality control. Typically crafted from materials such as stainless steel or brass, these weights are made to precise specifications to ensure their reliability. They play a crucial role in industries that require exact measurements, including laboratories, metrology, and scientific research, as they help verify the accuracy of scales, balances, and other measuring instruments.
The primary types of precision weights include semi-automatic, automatic, and other variants. Semi-automatic weighing scales require human involvement for tasks such as placement but automate functions such as data recording and tare adjustments. These weights are produced from a variety of materials, including stainless steel, brass, cast iron, aluminum, and ceramic, and are used in applications across industries such as manufacturing, research institutes, and more.
The precision weights market research report is one of a series of new reports from The Business Research Company that provides precision weights market statistics, including the precision weights industry global market size, regional shares, competitors with the precision weights market share, detailed precision weights market segments, market trends, and opportunities, and any further data you may need to thrive in the precision weights industry. This precision weights market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The precision weight market size has grown strongly in recent years. It will grow from $1.20 billion in 2024 to $1.26 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the past can be attributed to a greater focus on preventive healthcare, an increased demand for data-driven health insights, the rising prevalence of lifestyle-related diseases, advancements in wearable health technology, and the growing adoption of artificial intelligence in healthcare.
The precision weight market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The expected growth in the forecast period can be linked to the increasing integration of artificial intelligence in healthcare, a rise in demand for personalized weight management solutions, growing awareness of metabolic health, advancements in data analytics and machine learning, and a rising consumer preference for health monitoring devices. Key trends in the forecast period include advancements in personalized weight management technologies, enhanced integration of AI for real-time health monitoring, the development of smart wearable devices for weight tracking, innovations in data-driven health optimization solutions, and the advancement of mobile apps for precision weight management.
The growing demand from manufacturing industries is expected to drive the growth of the precision weight market in the future. Manufacturing industries are sectors involved in producing goods through labor, machinery, tools, and chemical or biological processes. The expansion of manufacturing industries is fueled by the increasing demand for mass-produced goods, as both consumers and businesses seek affordable, standardized products that can be produced quickly and at scale to meet global market needs. Precision weights support manufacturing industries by ensuring accurate measurements in production processes, which leads to consistent product quality, reduced material waste, and improved operational efficiency. For example, in 2022, the United Nations Industrial Development Organization reported that global manufacturing production continued to grow, recording a 3.6% year-over-year increase in the third quarter of 2022, up from 3.0% growth in the previous quarter. As a result, the growing demand from manufacturing industries is fueling the growth of the precision weight market.
The increasing adoption of digital technologies is expected to contribute to the growth of the precision weights market in the coming years. Digital technologies encompass electronic tools, systems, devices, and resources that generate, store, or process data, such as computers, smartphones, the internet, and software applications. The rise in the adoption of digital technologies is primarily driven by the need for operational efficiency, as businesses look to automate processes, reduce costs, and improve productivity through data-driven decision-making and streamlined workflows. Precision weights enhance digital technologies by providing accurate and reliable data measurement, enabling advanced analytics and optimized performance across various industries. For example, according to a 2023 survey by the European Investment Bank, the percentage of EU companies adopting advanced digital technologies rose from 2021 to 2022, reaching 69%, compared to 71% in the United States. Consequently, the increasing adoption of digital technologies is driving the growth of the precision weights market.
In August 2024, Michelli Weighing & Measurement, a U.S.-based automation machinery manufacturing company, acquired Perry Scale Company for an undisclosed sum. This acquisition allows Michelli Weighing & Measurement to expand its local presence, enhance its service capabilities in the Houston area, and strengthen its position as a leading provider of weighing and measurement solutions across the country. Perry Scale Company, a U.S.-based company, specializes in providing precision weight solutions.
Major players in the precision weights market are Sartorius AG, Mettler-Toledo International Inc., Shimadzu Corporation, Bizerba SE & Co. KG, Vishay Precision Group Inc., Avery Weigh-Tronix, Ohaus Corporation, Fairbanks Scales Inc., Flintec, Cardinal Scale Manufacturing Company, Scanvaegt Systems A/S, Essae Group, Yamato Scale Co. Ltd, Walz Scale, Kern & Sohn GmbH, A&D Company Limited, Adam Equipment Ltd, Atlas Weighing Equipment, Minebea Intec, Contech Instruments Ltd, Sauter GmbH, and Pesola AG.
Asia-Pacific was the largest region in the precision weight market in 2024. The regions covered in precision weights report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the precision weights market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The precision weights market consists of sales of standard weights, calibration weights, and test weights. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Precision Weights Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on precision weights market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for precision weights ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The precision weights market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.