Tip the scales: Continued economic growth will lead to increasing industrial output

Over the past five years, the Scale and Balance Manufacturing industry struggled to recover from the recession. While the industry benefited from postrecession pent-up demand, weak demand from the manufacturing sector, import competition and slow growth in freight volumes tempered and eventually reduced overall demand. Over the five years to 2021, increasing manufacturing activity and freight volumes will drive demand for industry products. Moreover, demand from key markets such as laboratories and weight stations are also anticipated to climb. Nonetheless, industry players are still expected to suffer from intense import competition as well as headwinds from domestic and foreign industrial markets. ...purchase to read more.

Industry Statistics & Market Size
Revenue
$926m
Annual Growth 11-16
-0.2%
Forecast Growth 16-21
Profit
Employment
3,389
Businesses
86
Market Share of Companies

Industry Threats & Opportunities

  • Increasing manufacturing activity and freight volumes will drive demand for industry products
  • Industry players have increasingly relied on exports to make up for lackluster domestic demand
  • The industry will also benefit from the strengthening of key downstream markets
  • Industry Report - Industry Locations Chapter

    Industry establishments are mostly concentrated in the Great Lakes, Southeast and West regions of the United States. Other regions are home to a small or negligible share of industry establishments. The following is a breakdown of the estimated geographic dispersal of establishments in 2016.Great LakesThe Great Lakes is home to more scale and balance manufacturers than any other region in the United States, at 28.8% of the total. This surpasses the region's share of the population and is testament to its prominence as a manufacturing hub, with access to upstream and downstream parts of the supply chain. In ...purchase to read more.

    Additional Insights for the Scale & Balance Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scale & Balance Manufacturing Industry are

  • Access to latest technology
  • Access to export markets
  • Economies of scale in production
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Freight transportation services index in the Scale & Balance Manufacturing industry impact industry performance..

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    What's in this report

    What is the Scale & Balance Manufacturing Industry?

    This industry manufactures scales and balances for use in households, businesses and municipal organizations. Scales and balances are used to measure the weight of objects or people.

    Industry Products
  • Industrial scales and balances
  • Retail, commercial and household scales and balances
  • Parts and attachments
  • Industry Activities
  • Development of scales and balances
  • scales and balances
  • scale and balance parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Freight transportation services index
  • Consumer spending
  • Demand from laboratory testing services
  • Trade-weighted index

  • Current Performance
  • The weight of the recovery
  • The importance of trade
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing demand
  • International trade
  • Other trends
  • Table: Scale & Balance Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scale & Balance Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Livestock Production Support Services
  • Truck & Bus Manufacturing
  • Supermarkets & Grocery Stores
  • Diagnostic & Medical Laboratories
  • Consumers

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Plastic & Resin Manufacturing
  • Precast Concrete Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Industrial scales and balances
  • Parts and attachments
  • Retail, commercial and household scales and balances
  • Other
  • Chart: Scale & Balance Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial markets
  • Exports
  • Nonindustrial markets
  • Chart: Major Market Segmentation for the Scale & Balance Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Scale & Balance Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scale & Balance Manufacturing Industry

  • Industry Globalization
    Mettler Toledo,
  • Table: Mettler Toledo - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Scale & Balance Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Scale & Balance Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Industrial production index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Loading Cells
  • A transducer that is used to create an electrical signal whose magnitude is directly proportional to the force being measured.
  • Microbalance
  • An instrument capable of making precise measurements of weight of objects of relatively small mass
  • Spring Scale
  • A balance that measures the weight of an object by opposing the force of gravity with the force of an extended spring.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Scale & Balance Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Scale & Balance Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scale & Balance Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scale & Balance Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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