Market Overview:
The global multi-functional 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 laboratory equipment and rising awareness about the benefits of using multi-functional balances. Based on type, the global multi-functional balances market can be segmented into benchtop type and portable type. The benchtop type segment is expected to account for a larger share of the global market than the portable type segment during the forecast period. This can be attributed to its high accuracy and precision, as well as its ability to handle large loads.
Product Definition:
A multi-functional balance is a laboratory instrument that is used to measure the mass of an object. Multi-functional balances can also be used to measure the volume of a liquid or the size of a solid object.
Benchtop Type:
The global benchtop type market is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to factors such as increasing demand for automation in laboratories and growing usage of automated systems in hospitals & diagnostic centers.
In addition, rising awareness about the benefits offered by these products is also expected to drive their demand over the next few years.
Portable Type:
Portable type is a balance that can be used for weighing different types of materials, such as fresh and dry/wet chemicals, in the same time. It has an advantage over other traditional balances which are used for weighing fresh or wet chemicals only. The main function of portable type is to protect the sensitive electronics from dust and other particles that may enter through open windows during transportation or handling process.
Application Insights:
The market is segmented into companies, laboratories, hospitals and others. Companies are expected to remain the dominant segment over the forecast period owing to increasing demand for MFBs by medical professionals in clinical settings. The portable type of multi-functional balances is preferred by healthcare professionals as they can be used in different areas of a hospital or clinic where there is no power supply or where there may not be any direct access to a power source.
Hospital laboratory applications dominated the global market with more than 50% revenue share in 2017 due largely to an increase in number of pathologists conducting molecular biology tests on samples taken from patients for diagnosis and research purposes which requires high accuracy when weighing devices are selected Balance technology has been proven beneficial especially during molecular biology analysis procedures that require precise weight measurements.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government initiatives, rising healthcare spending, and technological advancements coupled with high disposable income of consumers in this region. Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to increasing demand for technologically advanced products along with growing awareness about their benefits among patients and physicians.
The market for multi-functional balances in Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for multi-functional balances in various end-use industries such as pharmaceuticals, chemicals, and food & beverages.
- Growing popularity of laboratory balances for research and development purposes in academic institutions and pharmaceutical companies.
- Rising demand for precision weighing instruments in the manufacturing sector to ensure quality control and compliance with weight restrictions.
- Technological advancements that have led to the development of new models of multi-functional balances with enhanced features and accuracy levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Functional Balances Market Research Report
By Type
Benchtop Type, Portable Type
By Application
Laboratory, Hospitals, Companies, Others
By Companies
A&D Company, PCE Holding GmbH, Rice Lake Weighing Systems, BONSO Electronics International Inc, Shimadzu, OHAUS, Mettler-Toledo, Sartorius AG, Scientech, Contech Instruments
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Functional Balances Market Report Segments:
The global Multi-Functional Balances market is segmented on the basis of:
Types
Benchtop Type, Portable Type
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
Laboratory, Hospitals, Companies, 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:
- A&D Company
- PCE Holding GmbH
- Rice Lake Weighing Systems
- BONSO Electronics International Inc
- Shimadzu
- OHAUS
- Mettler-Toledo
- Sartorius AG
- Scientech
- Contech Instruments
Highlights of The Multi-Functional 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:
- Benchtop Type
- Portable Type
- By Application:
- Laboratory
- Hospitals
- Companies
- 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 Multi-Functional 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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- 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?
Multi-functional balances are a type of balance that can be used for a variety of purposes. These balances can be used to monitor weight, measure distances, and more.
Some of the key players operating in the multi-functional balances market are A&D Company, PCE Holding GmbH, Rice Lake Weighing Systems, BONSO Electronics International Inc, Shimadzu, OHAUS, Mettler-Toledo, Sartorius AG, Scientech, Contech Instruments.
The multi-functional balances market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multi-Functional Balances 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. Multi-Functional Balances Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multi-Functional Balances Market - Supply Chain
4.5. Global Multi-Functional Balances Market Forecast
4.5.1. Multi-Functional Balances Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multi-Functional Balances Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multi-Functional Balances Market Absolute $ Opportunity
5. Global Multi-Functional Balances 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. Multi-Functional Balances Market Size and Volume Forecast by Type
5.3.1. Benchtop Type
5.3.2. Portable Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multi-Functional Balances 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. Multi-Functional Balances Market Size and Volume Forecast by Application
6.3.1. Laboratory
6.3.2. Hospitals
6.3.3. Companies
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multi-Functional Balances 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. Multi-Functional Balances 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 Multi-Functional Balances 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. Multi-Functional Balances 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 Multi-Functional Balances Demand Share Forecast, 2019-2026
9. North America Multi-Functional Balances 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 Multi-Functional Balances 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 Multi-Functional Balances Market Size and Volume Forecast by Application
9.4.1. Laboratory
9.4.2. Hospitals
9.4.3. Companies
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multi-Functional Balances Market Size and Volume Forecast by Type
9.7.1. Benchtop Type
9.7.2. Portable Type
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 Multi-Functional Balances Demand Share Forecast, 2019-2026
10. Latin America Multi-Functional Balances 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 Multi-Functional Balances 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 Multi-Functional Balances Market Size and Volume Forecast by Application
10.4.1. Laboratory
10.4.2. Hospitals
10.4.3. Companies
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multi-Functional Balances Market Size and Volume Forecast by Type
10.7.1. Benchtop Type
10.7.2. Portable Type
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 Multi-Functional Balances Demand Share Forecast, 2019-2026
11. Europe Multi-Functional Balances 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 Multi-Functional Balances 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 Multi-Functional Balances Market Size and Volume Forecast by Application
11.4.1. Laboratory
11.4.2. Hospitals
11.4.3. Companies
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multi-Functional Balances Market Size and Volume Forecast by Type
11.7.1. Benchtop Type
11.7.2. Portable Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh 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 Multi-Functional Balances Demand Share, 2019-2026
12. Asia Pacific Multi-Functional Balances 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 Multi-Functional Balances 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 Multi-Functional Balances Market Size and Volume Forecast by Application
12.4.1. Laboratory
12.4.2. Hospitals
12.4.3. Companies
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multi-Functional Balances Market Size and Volume Forecast by Type
12.7.1. Benchtop Type
12.7.2. Portable Type
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 Multi-Functional Balances Demand Share, 2019-2026
13. Middle East & Africa Multi-Functional Balances 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 Multi-Functional Balances 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 Multi-Functional Balances Market Size and Volume Forecast by Application
13.4.1. Laboratory
13.4.2. Hospitals
13.4.3. Companies
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multi-Functional Balances Market Size and Volume Forecast by Type
13.7.1. Benchtop Type
13.7.2. Portable Type
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 Multi-Functional Balances Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multi-Functional Balances Market: Market Share Analysis
14.2. Multi-Functional Balances Distributors and Customers
14.3. Multi-Functional Balances Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. A&D Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PCE Holding GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rice Lake Weighing Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BONSO Electronics International Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shimadzu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OHAUS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mettler-Toledo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sartorius AG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Scientech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Contech Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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