Asia-Pacific weighing and inspection market with 33.6% market share and is expected to reach USD 227.83 million ,with the highest CAGR of 7.3% in the forecast period to 2024..

Asia

Aug 16, 2019 (Data Bridge Market Research via COMTEX) — The Asia-Pacific Weighing and Inspection Market report delivered to you is the most relevant, exclusive, reasonable and admirable market research report depending upon your business needs. The Asia-Pacific Weighing and Inspection Market report study is one of the most detailed and accurate ones that solely focus on the global market. It sheds light on critical factors that impact the growth of the global market on several fronts. The authors of the report segment the market according to the type of product, application and region. The segments studied in the report are analyzed on the basis of the market share, size, revenue and other vital factors. On the whole, The Asia-Pacific Weighing and Inspection Market report comes out as a complete package of various market intelligence studies focusing on the global market.

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During our secondary research, The Asia-Pacific Weighing and Inspection Market collected information from different sources such as databases, regulatory bodies, gold and silver-standard websites, articles by recognized authors, certified publications, white papers, investor presentations and press releases of companies, and annual reports. Tracking and analyzing the competitive developments in the market including research and development, merger and acquisition and product launch is also mentioned in this Asia-Pacific Weighing and Inspection Market report

Asia-Pacific Weighing and Inspection Market By Product Type (Metal Detectors{Conveyor Based Systems, Search Heads, Gravity Feed Products}, Check Weighers {In Motion Check Weighers, Static Scales}, X-Ray Detection Systems), Industry (Food and Beverages {Meat and Poultry, Bakery, Packaged Foods and Drinks, Dairy, Cereals and Grains, Fish and Seafood, Fruit and Vegetables}, Pharmaceuticals, Consumer Products {Hygiene Products, Cosmetics, Others}, Automotive Industry, Hazardous Products, Chemicals, Plastics and Materials, Others), Countries (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC)– Industry Trends and Forecast to 2024 The Asia-Pacific Weighing and Inspection Market is expected to reach USD 649.56 million by 2024, from USD 392.00 million in 2016 growing at a CAGR of 6.6% in the forecast period 2017 to 2024.

The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The factors such as increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market.

On the other hand, high cost of equipment, demand for used and refurbished equipment may hinder the growth of the market.

The weighing and inspection market in the Asia-Pacific region is leading in Japan.

Market Segmentation: Asia-Pacific Weighing and Inspection Market

  • The Asia-Pacific weighing and inspection market is segmented on the basis of product type and industry. Asia-Pacific weighing and inspection market is segmented based on product type into three notable segments; metal detectors, check weighers, and X-ray detection systems. In 2017, metal detectors is expected to dominate the Asia-Pacific weighing and inspection market with 60.6% market share and is expected to reach USD 399.19 million by 2024, with the highest CAGR of 6.8% in the forecast period 2017 to 2024.
  • The global weighing and inspection market is segmented based on industry into segments; food and beverages, pharmaceuticals, consumer products, automotive industry, hazardous products, chemicals, plastics and materials, and others. In 2017, food and beverages segment is expected to dominate the Asia-Pacific weighing and inspection market with 33.6% market share and is expected to reach USD 227.83 million by 2024, with the highest CAGR of 7.3% in the forecast period 2017 to 2024.

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Key Points: Asia-Pacific Weighing and Inspection Market

  • Asia-Pacific food and beverages weighing and inspection market is dominated by Marel, followed by Thermofisher Inc., and loma systems.
  • Asia-Pacific pharmaceuticals weighing and inspection market is dominated by Minebea Mitsumi Inc., followed by Thermofisher Inc., and Anritsu.
  • Metal detectors segment is expected to dominate the Asia-Pacific weighing and inspection market.
  • The weighing and inspection market in the Asia-Pacific region is leading in Japan, China, India and South Korea. Japan accounts for the highest market share in this region.

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