Overview:
The resurgence of the industrial manufacturing sector resulting in increased industrial output and consequent demand for industrial weighing equipment is expected to drive demand for load cells globally. In addition, heightened investments in industrial automation technologies and steady growth in demand from load monitoring applications is expected to further drive market demand during the forecast period 2017 – 2025. These factors are expected to contribute towards a CAGR of 4.1% during the forecast period 2017– 2025. Rigid construction and costly signal conditioning electronics are some of the major challenges faced by the load cell manufactures and designers across the globe.
Report Scope
This report analyzes the global load cells market in terms of product type, technology, end-use application, and geography. Based on product type, the global load cells market is segregated into S-type, single-point, and shear-beam, among others. Similarly, on the basis of end-use application, the market for load cells is further classified into oil and gas, aerospace and defense, industrial manufacturing and material handling, healthcare, and automotive and transportation among others. The global load cells market is further segregated based on technology into analog load cells and digital load cells. The geographical distribution of the global load cells market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Load Cells Market - Growth, Share, Opportunities, and Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the load cells market.
1.1.1 Target Audience
1.1.2 USP and Key Offerings
The report titled “Global Load Cells Market - Growth, Share, Opportunities, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global load cells market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type, end-use application, technology and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global load cells market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.
On the basis of end-use application, the global load cells market is categorized into following segments:
The following figure represents contribution of these end-use application segments to the global load cells market in 2014 and 2022.
As of 2015, oil and gas, industrial manufacturing, and transportation represented major application segments in the global load cells market. The drive towards industrial automation to enhance productivity and reduce lead time is expected to boost demand for load cell-based industrial and material handling machinery. On the other hand, healthcare and aerospace segments are poised to witness healthy growth in demand over the forecast period. The use of load cells of different shapes and sizes in surgical robots is expected to augment their capabilities, thereby extending the reach of surgical procedures. In addition to surgical robots, load cell are expected to witness growing application in hemodialysis machines wide range of preventive medical equipment in the coming years. In case of aerospace applications, load cells are used for both design and testing across different phases of aircraft engineering.
On the basis of geography, the global load cells market is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global load cells market in 2015 is as shown in the figure below
As of 2015, Europe led the overall load cells market worldwide followed by North America and Asia Pacific respectively. Europe accounted for around 32% of the global market revenue in the same year. The market for load cells in Europe is majorly concentrated in Western Europe with countries including Germany, the U.K., and France determining the overall market trend in the region. The dominance of the region shall be credited to the presence of large base of industrial sector that cater to material handling activities. On the other hand, demand from end-use sectors including healthcare and aerospace is expected to drive demand for load cells in North America. Asia Pacific is presumed to emerge as the most lucrative regional load cells market worldwide, offering significant investment and growth opportunities for participants across the value chain.