The container weighing system market is expected to be valued at USD 3.95 Billion by 2022, growing at a CAGR of 4.6% between 2017 and 2022. The market is highly competitive due to the presence of a number of established players and startups. Market players are mainly adopting the strategies of new product launches, partnerships, and acquisitions to achieve growth.
The companies operating in the container weighing system market are consolidating their market position through acquisitions and joint ventures and expanding their facilities to cater to the increasing demand for container weighing products and services. The major factors driving the growth of the container weighing system market are the increasing awareness regarding the safety of the transportation and the mandated maritime regulations for verified gross mass of the container in the transportation.
Rice Lake Weighing Systems, Inc. manufactures and distributes weight measurement products. The company strengthened its presence in the container weighing system market with new product launches, acquisitions, and partnership agreements. In November 2016, the company acquired Dini Argeo, to further strengthen its presence in the European market. In December 2016, the company also launched Scaleconnect, an Android-based mobile application to allows users to collect data, create combination scales, and control Bluetooth or Wi-Fi-equipped ScaleCore devices in a single application. In February 2017, the company partnered with Weightech (Brazil), to strengthen its presence a Brazilian market and increase its customer base. These initiatives will further strengthen its leadership in the container weighing system market.
Mettler-Toledo International, Inc. is a provider of weighing instruments for use in laboratory, industrial, and food retailing applications. The company offers products including laboratory instruments, industrial instruments, and retail weighing solutions. Its laboratory instruments include laboratory balances, pipettes, analytical instruments, laboratory software, automated chemistry solutions, and process analytics. Industrial instruments include industrial weighing instruments, industrial terminals, transportation and logistics, vehicle scale systems, industrial software, and product inspection. It also offers industrial weighing instruments, industrial scales, and weighing devices such as bench scales, floor scales, and weigh modules for weighing loads. It has a strong presence in the weight measurement market with its broad product portfolio and decades of expertise in providing weight measurement solutions. The company’s expertise in weight measurement offers it a competitive advantage in the market.
Container Weighing Systems Market by Offering (Weighbridges, Rubber Gantry Cranes, Reach Stackers, Container Handling Forklift Trucks), Medium (Rail, Road, Ship), Vertical (Construction, Ports, Transportation & Logistics) - Global Forecast to 2022
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