Market Overview:
The global load cell market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for load cells in various applications, such as industrial, medical, retail, transportation and others. In terms of type, the compression load cell segment is expected to hold a major share of the global market during the forecast period. This can be attributed to its high accuracy and reliability in measuring loads.
Product Definition:
A load cell is a transducer that is used to convert a force into an electrical signal. Load cells are commonly used in weighing scales and other industrial applications.
Single Point Load Cell:
Single point load cell is a device used to measure force, torque or current in which the measurement is taken from a single point. It can be used for measuring tensile, compressive and shear forces and also for measuring electric currents.
Compression Load Cell:
A compression load cell is a device used to measure compressive forces and pressures. They are widely used in the construction industry for asphalt concrete testing, soil testing, landfill monitoring and mining applications. Compression load cells can be manual or automatic depending on the range of application.
The global compression load cell market size was valued at USD 536 million in 2016.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. The growing demand for load cells in industries such as oil & gas, chemical, power generation, and construction is expected to drive the product demand over the forecast period. In addition, increasing government funding for R&D activities related to industrial automation is anticipated to further propel industry growth during the study period.
The transportation application segment accounted for a significant market share in terms of revenue in 2017 owing to extensive usage of load cells across various applications including bridge bearings test cell testing cell dynamic analysis traffic signal control railway track inspection etcetera. Moreover, rapid advancements are being made by manufacturers with respect to technology adoption and new product development which will provide an impetus towards industry growth during future years. For instance; In January 2018; Honeywell International Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising demand for automation in various industries, such as manufacturing, oil & gas, construction, and others. In addition, growing infrastructure activities in emerging economies of Asia Pacific are likely to boost product demand.
The market in Europe accounted for a significant share owing to high R&D investments by industry players coupled with technological advancements across several end-use applications. Moreover, presence of major market players such as Siemens AG; HARTMANN; MEGI GmbH & Co., KG; Schunkertandbunkelt GmbH; Geberit International Ltd.; and others is anticipated to drive regional load cell market growth over the forecast period.
North America held a substantial revenue share within the global arena in 2017 owing both verticals (medical/leisure) and horizontal markets (automotive/transportation).
Growth Factors:
- Increasing demand from the automotive and transportation sector for load cells to measure weight of vehicles and goods.
- Growing popularity of automated systems in various industries, which require accurate weight measurements for process control.
- Rising demand from the construction and infrastructure industry for load cells to monitor the weight of materials during construction projects.
- Proliferation of e-commerce businesses, which need efficient ways to measure the weight of products being shipped across different locations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Load Cell Market Research Report
By Type
Single Point Load Cell, Compression Load Cell, Shear Beam Load Cell, S-Type Load Cell, Others
By Application
Industrial, Medical, Retail, Transportation, Others
By Companies
ZEMIC, Spectris, Vishay Precision Group, Mettler Toledo, MinebeaMitsumi Inc., Keli Electric Manufacturing (Ningbo) Co., Ltd., A&D, Measurement Specialists and National Scale Technology, PCB Piezotronics, Inc., Flintec, Honeywell, FUTEK Advanced Sensor Technology, Inc., Yamato Scale Co., Ltd., Interface, Inc., Kubota, Rice Lake Weighing Systems, Novatech Measurements Limited, Thames Side Sensors Ltd, LAUMAS Elettronica
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Load Cell Market Report Segments:
The global Load Cell market is segmented on the basis of:
Types
Single Point Load Cell, Compression Load Cell, Shear Beam Load Cell, S-Type Load Cell, Others
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
Industrial, Medical, Retail, Transportation, 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:
- ZEMIC
- Spectris
- Vishay Precision Group
- Mettler Toledo
- MinebeaMitsumi Inc.
- Keli Electric Manufacturing (Ningbo) Co., Ltd.
- A&D
- Measurement Specialists and National Scale Technology
- PCB Piezotronics, Inc.
- Flintec
- Honeywell
- FUTEK Advanced Sensor Technology, Inc.
- Yamato Scale Co., Ltd.
- Interface, Inc.
- Kubota
- Rice Lake Weighing Systems
- Novatech Measurements Limited
- Thames Side Sensors Ltd
- LAUMAS Elettronica
Highlights of The Load Cell 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:
- Single Point Load Cell
- Compression Load Cell
- Shear Beam Load Cell
- S-Type Load Cell
- Others
- By Application:
- Industrial
- Medical
- Retail
- Transportation
- 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 Load Cell 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?
A load cell is a device used to measure the weight of an object.
Some of the key players operating in the load cell market are ZEMIC, Spectris, Vishay Precision Group, Mettler Toledo, MinebeaMitsumi Inc., Keli Electric Manufacturing (Ningbo) Co., Ltd., A&D, Measurement Specialists and National Scale Technology, PCB Piezotronics, Inc., Flintec, Honeywell, FUTEK Advanced Sensor Technology, Inc., Yamato Scale Co., Ltd., Interface, Inc., Kubota, Rice Lake Weighing Systems, Novatech Measurements Limited, Thames Side Sensors Ltd, LAUMAS Elettronica.
The load cell market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Load Cell 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. Load Cell Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Load Cell Market - Supply Chain
4.5. Global Load Cell Market Forecast
4.5.1. Load Cell Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Load Cell Market Size (000 Units) and Y-o-Y Growth
4.5.3. Load Cell Market Absolute $ Opportunity
5. Global Load Cell 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. Load Cell Market Size and Volume Forecast by Type
5.3.1. Single Point Load Cell
5.3.2. Compression Load Cell
5.3.3. Shear Beam Load Cell
5.3.4. S-Type Load Cell
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Load Cell 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. Load Cell Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Medical
6.3.3. Retail
6.3.4. Transportation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Load Cell 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. Load Cell 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 Load Cell 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. Load Cell 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 Load Cell Demand Share Forecast, 2019-2026
9. North America Load Cell 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 Load Cell 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 Load Cell Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Medical
9.4.3. Retail
9.4.4. Transportation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Load Cell Market Size and Volume Forecast by Type
9.7.1. Single Point Load Cell
9.7.2. Compression Load Cell
9.7.3. Shear Beam Load Cell
9.7.4. S-Type Load Cell
9.7.5. Others
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 Load Cell Demand Share Forecast, 2019-2026
10. Latin America Load Cell 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 Load Cell 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 Load Cell Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Medical
10.4.3. Retail
10.4.4. Transportation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Load Cell Market Size and Volume Forecast by Type
10.7.1. Single Point Load Cell
10.7.2. Compression Load Cell
10.7.3. Shear Beam Load Cell
10.7.4. S-Type Load Cell
10.7.5. Others
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 Load Cell Demand Share Forecast, 2019-2026
11. Europe Load Cell 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 Load Cell 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 Load Cell Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Medical
11.4.3. Retail
11.4.4. Transportation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Load Cell Market Size and Volume Forecast by Type
11.7.1. Single Point Load Cell
11.7.2. Compression Load Cell
11.7.3. Shear Beam Load Cell
11.7.4. S-Type Load Cell
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anlysis
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 Load Cell Demand Share, 2019-2026
12. Asia Pacific Load Cell 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 Load Cell 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 Load Cell Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Medical
12.4.3. Retail
12.4.4. Transportation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Load Cell Market Size and Volume Forecast by Type
12.7.1. Single Point Load Cell
12.7.2. Compression Load Cell
12.7.3. Shear Beam Load Cell
12.7.4. S-Type Load Cell
12.7.5. Others
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 Load Cell Demand Share, 2019-2026
13. Middle East & Africa Load Cell 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 Load Cell 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 Load Cell Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Medical
13.4.3. Retail
13.4.4. Transportation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Load Cell Market Size and Volume Forecast by Type
13.7.1. Single Point Load Cell
13.7.2. Compression Load Cell
13.7.3. Shear Beam Load Cell
13.7.4. S-Type Load Cell
13.7.5. Others
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 Load Cell Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Load Cell Market: Market Share Analysis
14.2. Load Cell Distributors and Customers
14.3. Load Cell Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZEMIC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Spectris
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vishay Precision Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mettler Toledo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MinebeaMitsumi Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Keli Electric Manufacturing (Ningbo) Co., Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. A&D
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Measurement Specialists and National Scale Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PCB Piezotronics, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Flintec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honeywell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FUTEK Advanced Sensor Technology, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yamato Scale Co., Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Interface, Inc.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kubota
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rice Lake Weighing Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Novatech Measurements Limited
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Thames Side Sensors Ltd
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. LAUMAS Elettronica
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
