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Belt Scale Market Value Is Estimated to Reach USD 1.32 Bn by 2028, With 3.2% CAGR – Credence Research

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Belt Scale Market Value Is Estimated to Reach USD 1.32 Bn by 2028, With 3.2% CAGR – Credence Research

September 15
16:25 2022
Some of the major players in the market are Yamato Weighing & Information Technology, Covey Weigh LLC, Thayer Scales Inc, Tecnetics Industries Inc, and Saimo Technology Pty Ltd.

The latest market report published by Credence Research, Inc. “Global Belt Scale Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Belt Scale Market generated revenue of around USD 1.1 billion in 2021 and is anticipated to grow a CAGR of over 3.2% during the forecast period from 2022 to 2028 to reach around USD 1.32 billion in 2028.

The part of a conveyor system used to gauge flow rates and determine how much material is moving along a conveyor belt is called a belt scale. Conveyor belt scales are becoming more and more popular among end users, which predicts the growth of the belt scales market due to factors like precision weighing mechanisms, low operating costs, and high efficiency. Besides, increasing automation in industries leads to increased adoption of conveyor systems, which positively impacts market growth. The key factors driving the belt scale market growth during the forecast period are technological advancements and the increasing replacement of traditional weighing mechanisms with conveyor belt scales to gain a competitive edge in the industry. However, the high costs of belt scale systems are a major impediment to the belt scale market’s growth.

The global belt scale market is bifurcated into Idler Type, Weighing Capacity, End-User Industry, and Geography. Based on the idler type, the market is categorized into single idler and multi-idler. Based on weighing capacity, the global market is segmented into light (less than 1500 t/h), moderate (1500 – 5000 t/h), and heavy (more than 5000 t/h). Based on the end-use industry, the market is categorized into mining, food & beverages, cement, steel, logistics, energy & power, and others. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Let’s learn more with complete Table of Content, List of Figure & List of Table–Read more: https://www.credenceresearch.com/report/belt-scale-market

Europe dominated the global belt scale market in 2021 owing to a rise in the use of belt scales by various end-user industries, including steel, cement, energy & power, and logistics. Belt scales are in high demand in European countries, particularly Switzerland. Demand is also increasing in other parts of Europe due to increased activity in gravel works, quarries, mines, cargo load-carrying stations, construction sites, tunnel drilling, and road construction.

Why to Buy This Report –

  • The report analyses the global belt scale market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with the base year of 2021 and a forecast period of 2022-2028.
  • The report includes competitive landscape information, such as how the market’s key players operate at the global, regional, and country levels.
  • In-depth analysis of the global belt scale market segmentation by idler type, weighing capacity, and end-user industry.
  • The report includes extensive and authentic data for all factors, such as supply and demand, CAGR, consumer purchasing trends, and several others.
  • The global belt scale market report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.

Table Of Content-

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Belt Scale Market

2.2. Global Belt Scale Market, By Idler Type

2.3. Global Belt Scale Market, By Weighing Capacity

2.4. Global Belt Scale Market, By End-User Industry

2.5. Global Belt Scale Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Belt Scale Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Idler Type

3.3.2. Weighing Capacity

3.3.3. End-User Industry

3.3.4. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. COVID 19 Impact Analysis

6.1. Global Belt Scale Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Belt Scale Market

7.1. Global Belt Scale Market, by Idler Type, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Belt Scale Market, By Idler Type, 2021 vs 2028 (in%)

7.1.3. Global Belt Scale Market, By Single Idler, 2016-2028 (US$ Bn)

7.1.4. Global Belt Scale Market, By Multi Idler, 2016-2028 (US$ Bn)

7.2. Global Belt Scale Market, by Weighing Capacity, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Belt Scale Market, By Weighing Capacity, 2021 vs 2028 (in%)

7.2.3. Global Belt Scale Market, By Light (Less than 1500 t/h), 2016-2028 (US$ Bn)

7.2.4. Global Belt Scale Market, By Moderate (1500 – 5000 t/h), 2016-2028 (US$ Bn)

7.2.5. Global Belt Scale Market, By Heavy (More than 5000 t/h), 2016-2028 (US$ Bn)

7.3. Global Belt Scale Market, by End-User Industry, 2016-2028(US$ Bn)

7.3.1. Overview

7.3.2. Global Belt Scale Market, By End-User Industry, 2021 vs 2028 (in%)

7.3.3. Global Belt Scale Market, By Mining, 2016-2028 (US$ Bn)

7.3.4. Global Belt Scale Market, By Food & Beverages, 2016-2028 (US$ Bn)

7.3.5. Global Belt Scale Market, By Cement, 2016-2028 (US$ Bn)

7.3.6. Global Belt Scale Market, By Steel, 2016-2028 (US$ Bn)

7.3.7. Global Belt Scale Market, By Logistics, 2016-2028 (US$ Bn)

7.3.8. Global Belt Scale Market, By Energy & Power, 2016-2028 (US$ Bn)

7.3.9. Global Belt Scale Market, By Others, 2016-2028 (US$ Bn)

 

8. North America Belt Scale Market Analysis

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9. Europe Belt Scale Market Analysis

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10. Asia Pacific Belt Scale Market Analysis

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11. Latin America Belt Scale Market Analysis

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12. Middle East and Africa Belt Scale Market Analysis

12.1. Middle East and Africa Belt Scale Market, by Idler Type, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. SRC Analysis

12.2. Middle East and Africa Belt Scale Market, by Weighing Capacity, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. Middle East and Africa Belt Scale Market, by End-User Industry, 2016-2028(US$ Bn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. Middle East and Africa Belt Scale Market, by Country, 2016-2028 (US$ Bn)

12.4.1. GCC Countries

12.4.1.1. GCC Countries Belt Scale Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.4.1.2. GCC Countries Belt Scale, By Idler Type, 2016-2028 (US$ Bn)

12.4.1.3. GCC Countries Belt Scale, By Weighing Capacity, 2016-2028 (US$ Bn)

12.4.1.4. GCC Countries Belt Scale, By End-User Industry, 2016-2028 (US$ Bn)

12.4.2. South Africa

12.4.2.1. South Africa Belt Scale Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.4.2.2. South Africa Belt Scale, By Idler Type, 2016-2028 (US$ Bn)

12.4.2.3. South Africa Belt Scale, By Weighing Capacity, 2016-2028 (US$ Bn)

12.4.2.4. South Africa Belt Scale, By End-User Industry, 2016-2028 (US$ Bn)

12.4.3. Rest of Middle East and Africa

12.4.3.1. Rest of Middle East and Africa Belt Scale Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.4.3.2. Rest of Middle East and Africa Belt Scale, By Idler Type, 2016-2028 (US$ Bn)

12.4.3.3. Rest of Middle East and Africa Belt Scale, By Weighing Capacity, 2016-2028 (US$ Bn)

12.4.3.4. Rest of Middle East and Africa Belt Scale, By End-User Industry, 2016-2028 (US$ Bn)

 

13. Company Profiles

13.1. Covey Weigh LLC

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary

13.1.4.1. Market Revenue and Net Profit (2019-2021)

13.1.4.2. Business Segment Revenue Analysis

13.1.4.3. Geographical Revenue Analysis

13.2. Thayer Scales Inc

13.3. Tecnetics Industries Inc

13.4. Saimo Technology Pty Ltd

13.5. Yamato Weighing & Information Technology 

Let’s learn more with complete Table of Content, List of Figure & List of Table–Read more: https://www.credenceresearch.com/report/belt-scale-market

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