Market Overview:
The global checkout scales market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital weighing scales in various end-use industries such as food industry, hospitality, logistics, and retail. In addition, the growing awareness about the benefits of using digital weighing scales is also propelling the growth of this market. Based on type, the global checkout scales market can be segmented into without monitor and with monitor segments. The without monitor segment is expected to account for a larger share of this market in 2018 owing to its low cost and easy installation process. However, with increasing demand for advanced features in digital weighing scales such as data connectivity and real-time tracking capabilities, the with monitor segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030. Based on application, this market can be classified into food industry, hospitality sector (hotels & restaurants), logistics sector (warehouses & distribution centers), and retail sector segments.
Product Definition:
A checkout scale is a device used in a retail setting to measure the weight of an item being purchased. The weight of the item is then used to calculate the price of the item.
Without Monitor:
In the retail industry, there is a growing need for speed and accuracy in the checkout process. The traditional systems are not capable to meet these needs due to their slow performance and lack of flexibility. This has led retailers to look for alternatives that can improve their checkout processes. One such alternative is without monitor (WOM).
With Monitor:
With the growing trend of online shopping, there is a constant demand for improved and advanced payment solutions. This has led to the emergence of new technologies such as mobile wallets, digital wallets, and contactless payments. However, these solutions can be challenging for retailers who are trying to manage multiple payment types on their point-of-sale (POS) systems.
Application Insights:
The food industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The rising need for speed in order to serve more customers and maintain a competitive edge has compelled restaurants, hotels, QSRs (quick-service restaurants), cafeterias, food trucks and others to adopt innovative technologies that can help them offer faster service. Furthermore, technological advancements such as implementation of advanced inventory management systems are further anticipated to drive the demand over the forecast period.
The retail industry is also estimated to witness significant growth owing to increasing adoption of innovative technologies such as mobile checkouts among big retailers globally. Moreover, supermarkets are increasingly adopting self-checkout systems owing to benefits offered such as cost savings by eliminating labor costs along with increased productivity due largely on-screen display of product information which helps consumers make better decisions while shopping thereby driving demand across all applications globally.
Regional Analysis:
North America dominated the global checkout scales market in 2017. The growth of the region can be attributed to various factors such as increasing adoption of technologies, rising geriatric population, and high purchasing power parity. Moreover, growing demand for fast food is expected to drive regional market growth over the forecast period. Europe accounted for a significant share in terms of revenue and is expected to grow at a CAGR close to 7% from 2018 to 2030 owing mainlyto an increase in online shopping across countries like Germany and U.K.
Growth Factors:
- Increasing demand for fast, convenient, and secure checkout processes from consumers
- Rising number of online shoppers preferring to use digital wallets for faster and easier checkouts
- Proliferation of mobile devices and apps that make it easy for consumers to make purchases on the go
- Growing trend of retailers offering loyalty programs and other incentives to encourage customers to use their checkout systems
- Advances in technology that allow merchants to more efficiently process payments and track customer behavior
Scope Of The Report
Report Attributes
Report Details
Report Title
Checkout Scales Market Research Report
By Type
Without Monitor, With Monitor
By Application
Food Industry, Hospitality, Logistics, Retail
By Companies
METTLER TOLEDO, DIBAL, Teraoka Seiko Co., Ltd., TOLEDO CAROLINA, Deskin Scale, Wedderburn, Sisson Scale, Shekel Scales, CAS Corporation, Honeywell, Brecknell, Cardinal / Detecto, Marel, Jude Equipment Pvt ltd, Essae Group, Giritronics, SUNMI, Hisense, WINTEC, ShenZhen SED
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Checkout Scales Market Report Segments:
The global Checkout Scales market is segmented on the basis of:
Types
Without Monitor, With Monitor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Hospitality, Logistics, Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- METTLER TOLEDO
- DIBAL
- Teraoka Seiko Co., Ltd.
- TOLEDO CAROLINA
- Deskin Scale
- Wedderburn
- Sisson Scale
- Shekel Scales
- CAS Corporation
- Honeywell
- Brecknell
- Cardinal / Detecto
- Marel
- Jude Equipment Pvt ltd
- Essae Group
- Giritronics
- SUNMI
- Hisense
- WINTEC
- ShenZhen SED
Highlights of The Checkout Scales Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Without Monitor
- With Monitor
- By Application:
- Food Industry
- Hospitality
- Logistics
- Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Checkout Scales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Checkout scales are used in retail stores to measure the weight of items that a customer is purchasing. The checkout scale can be either digital or manual.
Some of the major players in the checkout scales market are METTLER TOLEDO, DIBAL, Teraoka Seiko Co., Ltd., TOLEDO CAROLINA, Deskin Scale, Wedderburn, Sisson Scale, Shekel Scales, CAS Corporation, Honeywell, Brecknell, Cardinal / Detecto, Marel, Jude Equipment Pvt ltd, Essae Group, Giritronics, SUNMI, Hisense, WINTEC, ShenZhen SED.
The checkout scales market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Checkout Scales Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Checkout Scales Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Checkout Scales Market - Supply Chain
4.5. Global Checkout Scales Market Forecast
4.5.1. Checkout Scales Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Checkout Scales Market Size (000 Units) and Y-o-Y Growth
4.5.3. Checkout Scales Market Absolute $ Opportunity
5. Global Checkout Scales Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Checkout Scales Market Size and Volume Forecast by Type
5.3.1. Without Monitor
5.3.2. With Monitor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Checkout Scales Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Checkout Scales Market Size and Volume Forecast by Application
6.3.1. Food Industry
6.3.2. Hospitality
6.3.3. Logistics
6.3.4. Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Checkout Scales Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Checkout Scales Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Checkout Scales Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Checkout Scales Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Checkout Scales Demand Share Forecast, 2019-2026
9. North America Checkout Scales Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Checkout Scales Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Checkout Scales Market Size and Volume Forecast by Application
9.4.1. Food Industry
9.4.2. Hospitality
9.4.3. Logistics
9.4.4. Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Checkout Scales Market Size and Volume Forecast by Type
9.7.1. Without Monitor
9.7.2. With Monitor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Checkout Scales Demand Share Forecast, 2019-2026
10. Latin America Checkout Scales Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Checkout Scales Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Checkout Scales Market Size and Volume Forecast by Application
10.4.1. Food Industry
10.4.2. Hospitality
10.4.3. Logistics
10.4.4. Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Checkout Scales Market Size and Volume Forecast by Type
10.7.1. Without Monitor
10.7.2. With Monitor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Checkout Scales Demand Share Forecast, 2019-2026
11. Europe Checkout Scales Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Checkout Scales Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Checkout Scales Market Size and Volume Forecast by Application
11.4.1. Food Industry
11.4.2. Hospitality
11.4.3. Logistics
11.4.4. Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Checkout Scales Market Size and Volume Forecast by Type
11.7.1. Without Monitor
11.7.2. With Monitor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Checkout Scales Demand Share, 2019-2026
12. Asia Pacific Checkout Scales Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Checkout Scales Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Checkout Scales Market Size and Volume Forecast by Application
12.4.1. Food Industry
12.4.2. Hospitality
12.4.3. Logistics
12.4.4. Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Checkout Scales Market Size and Volume Forecast by Type
12.7.1. Without Monitor
12.7.2. With Monitor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Checkout Scales Demand Share, 2019-2026
13. Middle East & Africa Checkout Scales Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Checkout Scales Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Checkout Scales Market Size and Volume Forecast by Application
13.4.1. Food Industry
13.4.2. Hospitality
13.4.3. Logistics
13.4.4. Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Checkout Scales Market Size and Volume Forecast by Type
13.7.1. Without Monitor
13.7.2. With Monitor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Checkout Scales Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Checkout Scales Market: Market Share Analysis
14.2. Checkout Scales Distributors and Customers
14.3. Checkout Scales Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. METTLER TOLEDO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DIBAL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Teraoka Seiko Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TOLEDO CAROLINA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Deskin Scale
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wedderburn
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sisson Scale
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shekel Scales
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CAS Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Brecknell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cardinal / Detecto
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Marel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jude Equipment Pvt ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Essae Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Giritronics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SUNMI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hisense
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. WINTEC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. ShenZhen SED
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
