Market Overview:
The global lift truck scale 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 medium accuracy, high accuracy and super high accuracy lift truck scales from warehouses, factories, distribution centers and other applications. North America is expected to lead the global lift truck scale market in terms of revenue during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A lift truck scale is a type of weight-measuring device that is used to measure the weight of objects that are being lifted by a forklift. This type of scale can be important for businesses that need to keep track of the weight of the items they are shipping or storing, as it can help them make sure they are not exceeding the maximum allowable weight for their vehicles.
Medium Accuracy:
Medium accuracy is the scale that provides a solution for weighing trucks between 0.9 tons and 1.5 tons, with an accuracy of 0.1% and a resolution of 1 kg (2.2 pounds).
High Accuracy:
High accuracy is a scale that provides measurement with high level of precision. It’s used to weigh trucks and other vehicles for the purpose of determining vehicle performance, fuel efficiency, and maintenance issues. The market size spans across several industries including construction & manufacturing, oil & gas transportation services among others which require the use of heavy equipment such as lift trucks on a regular basis.
Application Insights:
The distribution centers segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The scale of supply and demand for various products across different distribution centers around the world is mind-boggling, which requires a constant flow of trucks to transport these products. Therefore, lift trucks with high accuracy are preferred as they can maneuver through narrow aisles with ease while carrying heavy loads. These types of vehicles have been witnessing increased demand from large retail chains that operate their own warehouses on an outsourced basis or use third-party logistics providers for storage facilities at their respective premises or at another location within their premises.
Factories application segment was valued over USD 1,000,000 in 2017 owing to its ability to handle production volumes along with high accuracy requirements during manufacturing processes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a large share of global population and has been witnessing strong economic growth as well as development. China, India, Japan, South Korea are some of the prominent economies that form part of APAC. Increasing industrial activities coupled with rapid urbanization across these countries is anticipated to drive regional demand over the forecast period.
The European lift truck scale market was valued at USD X million in 2017 owing to growing investments in infrastructure projects such as building new roads or railways along with increasing spending on warehousing & storage facilities by companies operating within Europe region which will propel product demand further.
North America occupied a significant share within overall industry.
Growth Factors:
- Increasing demand for lift truck scales from the automotive and manufacturing industries to improve process efficiency and accuracy.
- The growing popularity of forklift scale systems as a means to improve material handling productivity in warehouses and distribution centers.
- The increasing demand for lift truck scales from small businesses that are looking to optimize their operations through improved inventory management practices.
- The rising need for lift truck scales in order to comply with safety regulations governing the weight of materials being handled by forklifts in industrial settings. 5) Growing awareness among business owners about the benefits of using lift truck scales for improving overall productivity, which is likely to result in an increase in adoption rates over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Lift Truck Scale Market Research Report
By Type
Medium Accuracy, High Accuracy, Super High Accuracy
By Application
Warehouses, Factories, Distribution Centers, Others
By Companies
Avery Weigh-Tronix, Walz Scale, Mettler Toledo, Weigh Point, LTS Scale, Rice Lake Weighing Systems, American Forklift Scale, Vishay Precision Group, Pfister Waggen Bilanciai, Integrated Visual Data Technology, Ravas, Fairbanks Scales
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Lift Truck Scale Market Report Segments:
The global Lift Truck Scale market is segmented on the basis of:
Types
Medium Accuracy, High Accuracy, Super High Accuracy
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
Warehouses, Factories, Distribution Centers, 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:
- Avery Weigh-Tronix
- Walz Scale
- Mettler Toledo
- Weigh Point
- LTS Scale
- Rice Lake Weighing Systems
- American Forklift Scale
- Vishay Precision Group
- Pfister Waggen Bilanciai
- Integrated Visual Data Technology
- Ravas
- Fairbanks Scales
Highlights of The Lift Truck Scale 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:
- Medium Accuracy
- High Accuracy
- Super High Accuracy
- By Application:
- Warehouses
- Factories
- Distribution Centers
- 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 Lift Truck Scale 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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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?
A lift truck scale is a device used to measure the weight of a load that is being transported by a lift truck.
Some of the major companies in the lift truck scale market are Avery Weigh-Tronix, Walz Scale, Mettler Toledo, Weigh Point, LTS Scale, Rice Lake Weighing Systems, American Forklift Scale, Vishay Precision Group, Pfister Waggen Bilanciai, Integrated Visual Data Technology, Ravas, Fairbanks Scales.
The lift truck scale market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lift Truck Scale 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 Lift Truck Scale Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lift Truck Scale 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 Lift Truck Scale 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 Lift Truck Scale Market Size & Forecast, 2020-2028
4.5.1 Lift Truck Scale Market Size and Y-o-Y Growth
4.5.2 Lift Truck Scale Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Medium Accuracy
5.2.2 High Accuracy
5.2.3 Super High Accuracy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Warehouses
6.2.2 Factories
6.2.3 Distribution Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lift Truck Scale 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 Lift Truck Scale 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Medium Accuracy
9.6.2 High Accuracy
9.6.3 Super High Accuracy
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 Market Size Forecast by Applications
9.10.1 Warehouses
9.10.2 Factories
9.10.3 Distribution Centers
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Medium Accuracy
10.6.2 High Accuracy
10.6.3 Super High Accuracy
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 Market Size Forecast by Applications
10.10.1 Warehouses
10.10.2 Factories
10.10.3 Distribution Centers
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Medium Accuracy
11.6.2 High Accuracy
11.6.3 Super High Accuracy
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 Market Size Forecast by Applications
11.10.1 Warehouses
11.10.2 Factories
11.10.3 Distribution Centers
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Medium Accuracy
12.6.2 High Accuracy
12.6.3 Super High Accuracy
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 Market Size Forecast by Applications
12.10.1 Warehouses
12.10.2 Factories
12.10.3 Distribution Centers
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Medium Accuracy
13.6.2 High Accuracy
13.6.3 Super High Accuracy
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) Market Size Forecast by Applications
13.10.1 Warehouses
13.10.2 Factories
13.10.3 Distribution Centers
13.10.4 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 Lift Truck Scale Market: Competitive Dashboard
14.2 Global Lift Truck Scale Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avery Weigh-Tronix
14.3.2 Walz Scale
14.3.3 Mettler Toledo
14.3.4 Weigh Point
14.3.5 LTS Scale
14.3.6 Rice Lake Weighing Systems
14.3.7 American Forklift Scale
14.3.8 Vishay Precision Group
14.3.9 Pfister Waggen Bilanciai
14.3.10 Integrated Visual Data Technology
14.3.11 Ravas
14.3.12 Fairbanks Scales
