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

Over the past five years, the Scale and Balance Manufacturing industry has performed well, growing alongside a strong domestic economy. The industry continues to benefit from growing downstream demand, especially from the manufacturing sector, as well as tepid import growth over the five years to 2018. Furthermore, the freight transportation services index, which measures the domestic transportation sector's output, has increased over the five years to 2018. As the transportation sector relies on scales to weigh shipping loads, this increase in freight volume, as well as growing demand from laboratories, has benefited industry operators...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
2.4%
Forecast Growth 18-23
Profit
Employment
3,441
Businesses
90
Market Share of Companies

Industry Threats & Opportunities

  • Demand has been strong from downstream customers as the economy has performed well
  • The slowdown in emerging market economies reduced foreign demand from countries such as China
  • As US trade volumes grow, ports and borders will also demand more industry products
  • Industry Report - Industry SWOT Analysis Chapter

    The Scale and Balance Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2023, industry value added (IVA), which measures an industry’s contribution to the economy, is forecast to climb at an annualized 0.8%, far below GDP’s growth of 2.1%. While such underperformance typically indicates a dying industry, other factors point toward this being a mature industry. Industry products are used throughout the economy, ranging from balances used at industrial facilities to those used at home. As a result, industry performance is typically tied to macroeconomic factors such as consumer spending, manufacturing output and freight volumes. Thi...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 Government consumption and investment and Aggregate private investment 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
  • Government consumption and investment
  • Aggregate private investment
  • Freight transportation services index
  • Trade-weighted index

  • Current Performance
  • 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
  • Chart: Scale & Balance Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial markets
  • Exports
  • Other
  • 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
    ProfitPurchases and wagesOther 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Import penetration into the manufacturing sector (2009-2023)

  • 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?

    The Scale & Balance Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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