Market Overview:
The global analytical lab balances market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for analytical lab balances in academic institutes and science laboratories, owing to their accuracy and precision. Additionally, the growing awareness about the benefits of using analytical lab balances is also contributing towards the growth of this market. On the basis of type, mechanical analytical balances are expected to lead the global analytical lab balances market during the forecast period from 2018 to 2030. This can be attributed to their low cost as compared with electronic analytical balances and their wide usage in academic institutes and science laboratories across different regions worldwide.
Product Definition:
An analytical balance is a type of laboratory scale used to measure the mass or weight of an object. It is a common tool in chemistry and biology laboratories. The importance of analytical balances lies in their accuracy and precision, which makes them ideal for measuring small masses.
Mechanical Analytical Balances:
The global mechanical analytical balances market is expected to witness significant growth over the forecast period. The factors that are driving this market include increasing demand for automation in laboratories, growing need for high accuracy and precision in weighing samples and rising awareness of the benefits offered by mechanical analytical balance including its ability to perform operations quickly with high stability.
Electronics Analytical Balances:
Electronics analytical balance and it's usage in analytical lab balances market is a device used to measure the mass or weight. It is also known as digital scale, electronic weighing machine, or digital bathroom scales. The major function of this equipment is to provide accurate results with less operating time and effortless operation.
Application Insights:
The science laboratories segment dominated the global application market in 2017. The balance is used for various applications, such as quality control of reagents and materials, precision of laboratory instruments, and accuracy of analysis. Analytical labs need to comply with various regulations set by agencies such as EPA & OSHA. These factors are likely to drive the demand for GALB in the near future.
Academic institutes accounted for a significant share in global application market owing to increasing government funding towards research activities at universities and colleges across countries worldwide including U.S., China, India etc.; growing emphasis on education; rise in student enrollment; increase in R&D spending by governments; favorable policies introduced by governments toward higher education etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the presence of a large number of pharmaceutical and biotechnology companies, which are among prominent users of analytical balances. In addition, increasing government initiatives for quality control is also expected to drive regional demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising investments by governments and private players for establishment or expansion of their businesses in this region coupled with growing healthcare spending by consumers as well as government agencies. These factors are likely to boost product demand during the forecast period from 2017 to 2030 (as per CAGR). Moreover, rapid industrialization along with expanding service sector has led Asia Pacific countries such as China and India emerge as potential markets for lab balance manufacturers seeking cost-effective solutions that meet stringent regulatory standards (i.e., accuracy).
Growth Factors:
- Increasing demand for analytical lab balances from the pharmaceutical and biotechnology industries to accurately measure the concentration of various biomolecules in a sample.
- Growing popularity of automated laboratory systems that require analytical lab balances for accurate weight measurements.
- Rising demand for high-precision analytical lab balances in research and development laboratories to measure small quantities of material with great accuracy.
- Increasing use of analytical lab balances in forensic laboratories to determine the composition and quantity of drugs seized by law enforcement agencies. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Analytical Lab Balances Market Research Report
By Type
Mechanical Analytical Balances, Electronics Analytical Balances
By Application
Science Laboratories, Academic Institutes, Others
By Companies
Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp (Precisa), Bonso Electronics, Adam Equipment, Radwag, OHAUS, Mettler Toledo, KERN & SOHN, Aczet, SHINKO DENSHI, Accuris Instruments (Benchmark Scientific), BEL Engineering, Scientific Industries, Inc., Boeckel + Co
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Analytical Lab Balances Market Report Segments:
The global Analytical Lab Balances market is segmented on the basis of:
Types
Mechanical Analytical Balances, Electronics Analytical Balances
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
Science Laboratories, Academic Institutes, Others
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
- Sartorius
- A&D
- Shimadzu
- Thermo Fisher
- Techcomp (Precisa)
- Bonso Electronics
- Adam Equipment
- Radwag
- OHAUS
- Mettler Toledo
- KERN & SOHN
- Aczet
- SHINKO DENSHI
- Accuris Instruments (Benchmark Scientific)
- BEL Engineering
- Scientific Industries, Inc.
- Boeckel + Co
Highlights of The Analytical Lab Balances 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:
- Mechanical Analytical Balances
- Electronics Analytical Balances
- By Application:
- Science Laboratories
- Academic Institutes
- Others
- 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 Analytical Lab Balances 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?
Analytical lab balances are used to measure the amount of a particular substance in a sample.
Some of the major players in the analytical lab balances market are Mettler Toledo, Sartorius, A&D, Shimadzu, Thermo Fisher, Techcomp (Precisa), Bonso Electronics, Adam Equipment, Radwag, OHAUS, Mettler Toledo, KERN & SOHN, Aczet, SHINKO DENSHI, Accuris Instruments (Benchmark Scientific), BEL Engineering, Scientific Industries, Inc., Boeckel + Co.
The analytical lab balances market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Analytical Lab Balances Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Analytical Lab Balances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Analytical Lab Balances Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Analytical Lab Balances Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Analytical Lab Balances Market Size & Forecast, 2018-2028
4.5.1 Analytical Lab Balances Market Size and Y-o-Y Growth
4.5.2 Analytical Lab Balances Market Absolute $ Opportunity
Chapter 5 Global Analytical Lab Balances Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Analytical Lab Balances Market Size Forecast by Type
5.2.1 Mechanical Analytical Balances
5.2.2 Electronics Analytical Balances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Analytical Lab Balances Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Analytical Lab Balances Market Size Forecast by Applications
6.2.1 Science Laboratories
6.2.2 Academic Institutes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Analytical Lab Balances Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Analytical Lab Balances Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analytical Lab Balances Analysis and Forecast
9.1 Introduction
9.2 North America Analytical Lab Balances Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Analytical Lab Balances Market Size Forecast by Type
9.6.1 Mechanical Analytical Balances
9.6.2 Electronics Analytical Balances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Analytical Lab Balances Market Size Forecast by Applications
9.10.1 Science Laboratories
9.10.2 Academic Institutes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analytical Lab Balances Analysis and Forecast
10.1 Introduction
10.2 Europe Analytical Lab Balances Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Analytical Lab Balances Market Size Forecast by Type
10.6.1 Mechanical Analytical Balances
10.6.2 Electronics Analytical Balances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Analytical Lab Balances Market Size Forecast by Applications
10.10.1 Science Laboratories
10.10.2 Academic Institutes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analytical Lab Balances Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Analytical Lab Balances Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Analytical Lab Balances Market Size Forecast by Type
11.6.1 Mechanical Analytical Balances
11.6.2 Electronics Analytical Balances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Analytical Lab Balances Market Size Forecast by Applications
11.10.1 Science Laboratories
11.10.2 Academic Institutes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analytical Lab Balances Analysis and Forecast
12.1 Introduction
12.2 Latin America Analytical Lab Balances Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Analytical Lab Balances Market Size Forecast by Type
12.6.1 Mechanical Analytical Balances
12.6.2 Electronics Analytical Balances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Analytical Lab Balances Market Size Forecast by Applications
12.10.1 Science Laboratories
12.10.2 Academic Institutes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analytical Lab Balances Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Analytical Lab Balances Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Analytical Lab Balances Market Size Forecast by Type
13.6.1 Mechanical Analytical Balances
13.6.2 Electronics Analytical Balances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Analytical Lab Balances Market Size Forecast by Applications
13.10.1 Science Laboratories
13.10.2 Academic Institutes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Analytical Lab Balances Market: Competitive Dashboard
14.2 Global Analytical Lab Balances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mettler Toledo
14.3.2 Sartorius
14.3.3 A&D
14.3.4 Shimadzu
14.3.5 Thermo Fisher
14.3.6 Techcomp (Precisa)
14.3.7 Bonso Electronics
14.3.8 Adam Equipment
14.3.9 Radwag
14.3.10 OHAUS
14.3.11 Mettler Toledo
14.3.12 KERN & SOHN
14.3.13 Aczet
14.3.14 SHINKO DENSHI
14.3.15 Accuris Instruments (Benchmark Scientific)
14.3.16 BEL Engineering
14.3.17 Scientific Industries, Inc.
14.3.18 Boeckel + Co
