Belt Scale Market Will Reach USD 1.32 Bn by 2028 - Credence Research

The latest market report published by Credence Research, Inc.?“Global Belt Scale Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Belt Scale Market generated revenue of around USD 1.1 billion in 2021 and is anticipated to grow a CAGR of over 3.2% during the forecast period from 2022 to 2028 to reach around USD 1.32 billion in 2028.The part of a conveyor system used to gauge flow rates and determine how much material is moving along a conveyor belt is called a belt scale. Conveyor belt scales are becoming more and more popular among end users, which predicts the growth of the belt scales market due to factors like precision weighing mechanisms, low operating costs, and high efficiency. Besides, increasing automation in industries leads to increased adoption of conveyor systems, which positively impacts market growth. The key factors driving the belt scale market growth during the forecast period are technological advancements and the increasing replacement of traditional weighing mechanisms with conveyor belt scales to gain a competitive edge in the industry. However, the high costs of belt scale systems are a major impediment to the belt scale market's growth.

The global belt scale market is bifurcated into Idler Type, Weighing Capacity, End-User Industry, and Geography. Based on the idler type, the market is categorized into single idler and multi-idler. Based on weighing capacity, the global market is segmented into light (less than 1500 t/h), moderate (1500 - 5000 t/h), and heavy (more than 5000 t/h). Based on the end-use industry, the market is categorized into mining, food & beverages, cement, steel, logistics, energy & power, and others. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Europe dominated the global belt scale market in 2021 owing to a rise in the use of belt scales by various end-user industries, including steel, cement, energy & power, and logistics. Belt scales are in high demand in European countries, particularly Switzerland. Demand is also increasing in other parts of Europe due to increased activity in gravel works, quarries, mines, cargo load-carrying?stations, construction sites, tunnel drilling, and road construction.

Why to Buy This Report -

• The report analyses the global belt scale market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with the base year of 2021 and a forecast period of 2022-2028.
• The report includes competitive landscape information, such as how the market's key players operate at the global, regional, and country levels.
• In-depth analysis of the global belt scale market segmentation by idler type, weighing capacity, and end-user industry.
• The report includes extensive and authentic data for all factors, such as supply and demand, CAGR,?consumer purchasing trends, and several?others.
• The global belt scale market report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.