Retail Scales Market, By Type (Dual-Display Type, and Single-Display Type), By Application (Fresh Food Manufacturers, Farmers Markets, Roadside Stands, Convenience Stores, Supermarkets, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI263519 | Publish Date: April 2024 | No. of Pages: 190

Global Retail Scales Market By Overview

Retail Scales Market was valued at US$ 2.7 billion in 2024 and is projected to grow at a CAGR of 6.0% to reach US$ 4.6 billion by 2034.

Retail scales are weighing instruments used to precisely measure and price various items in supermarkets, grocery shops, and other retail facilities. They are essential for ensuring that consumers are accurately compensated for the goods they buy and for assisting shops in controlling pricing and maintaining inventory accuracy.

Retail scale sales are primarily fueled by the growth of the retail industry and the rising need for effective pricing and weighing systems. The demand for retail scales has also increased as e-commerce and online grocery shopping have become popular. These platforms need precise weight measurements for shipping and logistical needs. For this reason, the weight of the items being carried must be measured accurately. Additionally, technological developments have introduced cutting-edge technologies like wireless networking, barcode scanning, and touch displays in retail scales. Retail scales are now an essential tool for merchants because these improvements have increased the weighing and pricing process's accuracy and efficiency.

But a significant barrier to the market is the need for frequent calibration and maintenance to guarantee accuracy and regulatory compliance. To allow customers to easily switch between online and physical purchasing channels, merchants must also ensure that their scales are compatible with online and mobile platforms as they continue to grow their omnichannel presence.

Introduction - Retail Scales Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Retail Scales Market By Dynamics

Retail Scales Market Key Drivers:

  • Expansion of retail industry

The need for retail scales has significantly expanded due to the growth in retail establishments. Retail store owners are choosing to use these tools to give their consumers accurate and efficient weight measurements of their merchandise. This makes accurate measurements possible, decreases human error, and allows seamless connection with point-of-sale systems.

Because of the growing demand for more sophisticated instruments as a result of the rise in retail scale demand, manufacturers are concentrating on creating digital scales that are small, portable, and meet the needs of small retailers and those operating in mobile markets, which is further propelling the market's growth.

  • Technological advancements

In recent years, the retail scales market has witnessed numerous advancements in their design, setup and addition of various cutting-edge technologies, significantly reshaping the industry. Notable innovations like the incorporation of RFID (Radio-Frequency Identification) and IoT (Internet of Things) into retail scales will enable the equipment to help retailers track inventory, in and outflow of goods in real-time and increase the efficiency of the supply chain.

Also, introducing cloud-based Point of Sale (POS) systems that enable retailers to streamline all the procedures and operations to optimize the process of shopping has added to the increased demand for retail scales.

Retail Scales Market Restrains:

  • Constant need for calibration

The retail scales need constant calibration to function correctly. This significantly hinders the market as maintaining this equipment can be tedious. Retail scales are delicate devices that easily get affected by heavy goods, due to which they malfunction and lose their accuracy in measuring weight. This majorly affects the market potential.

Retail Scales Market Opportunities:                 

  • The retail scales market is witnessing several improvements, such as the growing use of smart and connected scales that can interface with other shop systems to offer real-time inventory management and data analysis capabilities. Furthermore, a growing emphasis on sustainability is resulting in the creation of environmentally and energy-friendly scales.
  • Technology also improves retail scale accuracy and efficiency, allowing for smooth checkout experiences. Examples of these developments include the integration of machine learning and artificial intelligence. In the upcoming years, the demand for portable and compact scales for farmers' markets and small—to medium-sized retail establishments is also expected to expand.

Global Retail Scales Market By Segmentation

Retail Scales Market is segmented based on Type, Application and region:

Type Insights:

  • Dual-Display Type:

The retail scales with dual-display type display two independent displays, one oriented towards the sales representative and the other towards the consumer. Owing to this technology, both people can now easily see the product's weight being measured.

  • Single-Display Type:

Retail scales with a single display type differ from those with two displays in that the salesperson only views the product's weight on the screen. Accordingly, the salesman delivers the weight information to the consumer verbally.

Among the segments mentioned above, the one that dominated the market is the Dual-Display Type segment, as this type provides more convenience for both the salesperson and the customer. Also, transparency is maintained between both parties.

Application Insights:

  • Fresh Food Manufacturers:

The Fresh Food Manufacturers use retail scales to weigh freshly prepared foods to maintain and record the quality of the product. In addition, it helps in inventory management by providing accurate information about the stock.

  • Farmers Markets:

The Farmers Markets use retail scales to weigh fruits and vegetables harvested from the farms. The scales help the farmers gain accurate weight of their produce as they calculate the precise price of the product. The retain scales also help keep track of the inventory, ensuring that the food is not wasted and is efficiently utilized. 

  • Roadside Stands:

Retail scales are used by Roadside Stands to measure the weight of goods sold on the side of the road. The scales help the seller keep track of the goods that are sold and the ones that remain. Retail scales are a feasible option for these roadside sellers as they ensure accurate measurements and proper pricing of the goods.

  • Convenience Stores:

Convenience stores use retail scales to weigh the items purchased by customers and provide them with appropriate prices for their purchases. This helps reduce theft chances and maintains transparency among the retailer and the customer. Retail scales also help keep track of the inventory of the goods in the convenience store.

  • Supermarkets:

Retail scales are used by Supermarkets to weigh products and goods. In supermarkets, goods are weighed through retail scales with LCD screens that display the weight of the products with great accuracy. The prices of the goods are displayed on the screen, and based on the weight displayed on the screen, an automatic bill is generated containing the list of products and their prices.

  • Others:

Other market retailers like the specialty food stores and deli stores use retail scales. These retail scales are also used in poultry retail stores for measuring the weight of poultry goods.

Among the segments mentioned above the one that dominated the market is the supermarkets segment due to high volume of customer traffic, compliance to stringent regulations, and proper management of inventory. The automatic systems in supermarkets easily make then=m the most dominating segment.

Regional Insights:

Regional Insights - Retail Scales Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Retail Scales Market Regional Insights

  • North America market is estimated to witness a significantly large revenue share over the forecast period, due to presence of majority of retail chains, growing advanced technologies and focus on automation and efficiency.
  • Asia Pacific market is estimated to witness the fastest revenue share because of the rapid expansion of the retail industry, a growing number of retail stores, rising disposable income due to increased industrialization, and growing demand for efficient shopping.
  • Europe's market offers lucrative opportunities owing to the established retail market, the adoption of sustainable retail scales made from eco-friendly materials, and stringent regulatory policies.
  • The Latin America market is gradually increasing due to the growing awareness among customers, initiatives taken by government agencies, and growing retail infrastructure.
  • The Middle East and Africa market is an emerging market due to rising demand for imported goods and food items, increasing retail infrastructure, and a focus on efficient and accurate product labelling and pricing.

Report Scope:

Attribute            

Details

Market Size 2024

US$ 2.7 billion

Projected Market Size 2034

US$ 4.6 billion

CAGR Growth Rate

6.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Dual-Display Type, and Single-Display Type.

By Application - Fresh Food Manufacturers, Farmers Markets, Roadside Stands, Convenience Stores, Supermarkets, and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Retail Scales Market report based on Type, Application and region:

Retail Scales Market, By Type:

  • Dual-Display Type
  • Single-Display Type

Retail Scales Market, By Application:

  • Fresh Food Manufacturers
  • Farmers Markets
  • Roadside Stands
  • Convenience Stores
  • Supermarkets
  • Others

Retail Scales Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Retail Scales Market By Key Players

The key players operating the Retail Scales Market include Mettler Toledo, Adam, Teraoka Seiko, Rice Lake Weighing Systems, AE Adam GmbH, Dini Argeo, Gram Group, OHAUS, Pinnacle Technology Corporation, and A&D Australasia Pty Ltd.

Global Retail Scales Market By Company Profile

  • Mettler Toledo*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Adam
  • Teraoka Seiko
  • Rice Lake Weighing Systems
  • AE Adam GmbH
  • Dini Argeo
  • Gram Group
  • OHAUS
  • Pinnacle Technology Corporation
  • A&D Australasia Pty Ltd

 “*” marked represents similar segmentation in other categories in the respective section.

Global Retail Scales Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Dual-Display Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Single-Display Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fresh Food Manufacturers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Farmers Markets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Roadside Stands
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Convenience Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Supermarkets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America

 

  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Mettler Toledo
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Adam
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Teraoka Seiko
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rice Lake Weighing Systems
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AE Adam GmbH
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dini Argeo
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gram Group
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • OHAUS
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Pinnacle Technology Corporation
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • A&D Australasia Pty Ltd
    • Company Overview
    • Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Retail Scales Market is segmented into Type, Application, and Region.

Factors include the demand for accurate and efficient weighing solutions, growth in the retail sector, and advancements in weighing technology, driving global growth in retail scales.

Challenges include price sensitivity in certain markets, potential limitations in handling specific product types, and competition from alternative solutions, posing restraints on the global market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Mettler Toledo, Adam, Teraoka Seiko, Rice Lake Weighing Systems, AE Adam GmbH, Dini Argeo, Gram Group, OHAUS, Pinnacle Technology Corporation, and A&D Australasia Pty Ltd.