The ASEAN and Gulf Countries inspection & weighing machine market is forecast to register a steady CAGR during the forecast period, reaching a total valuation of US$ 2282.4 million by 2032.
Rising adoption of automation across industries such as food & beverage, pharmaceutical, cosmetics & personal care, and chemical coupled with rising need for ensuring optimal quality of products is a key factor driving the ASEAN and Gulf Countries inspection & weighing machine market.
There’s a noticeable surge in the demand for inspection and weighing solutions, with a particular emphasis on ASEAN countries like Vietnam, Thailand, Malaysia, and Indonesia. At present, the ASEAN inspection and weighing machine market boasts a valuation of US$ 986.6 million, and it is primed to ascend to approximately US$ 1,595.0 million by the year 2032. In line with the most recent analysis by FMI (Future Market Insights), it is foreseen that the demand for inspection and weighing solutions in the ASEAN market will experience a robust compound annual growth rate (CAGR) of 4.9% over the period spanning from 2022 to 2032. This trajectory underscores the region’s growing need for advanced inspection and weighing technologies and bodes well for the market’s prospects in the coming years.
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ASEAN and Gulf Countries Inspection & Weighing Machine Market Outlook Compared to Demand Forecast for 2022 to 2032
Between 2017 and 2021, the ASEAN inspection and weighing market witnessed a CAGR of 3.5%, while the Gulf Countries market expanded at a slightly lower CAGR of 3.2%. Looking ahead to the forecasted period (2022 to 2032), Future Market Insights predicts a heightened growth trajectory, with a projected CAGR of 4.4% for the Gulf Countries market and an even more substantial CAGR of 4.9% for the ASEAN market.
The inspection and weighing machine market across ASEAN and Gulf Countries experienced a relatively modest compound annual growth rate (CAGR) during the historical period, spanning from 2017 to 2021. However, there’s a notable shift anticipated for the projection period from 2022 to 2032, as per the latest report from Future Market Insights, indicating a more steady and robust rise in demand for inspection and weighing machines within these regions.
This transformation in growth can be attributed to the rapid expansion of diverse industries in the region and the increasing adoption of cutting-edge packaging machinery and automation. These pivotal factors are steering the inspection and weighing machine industry across ASEAN and Gulf Countries toward a promising and dynamic future.
Drivers:
- Rapid Industrialization: The growth of diverse industries, including manufacturing, pharmaceuticals, and food processing, has created a strong demand for inspection and weighing machines to ensure product quality and compliance with regulations.
- Advanced Packaging Machinery: The increasing adoption of advanced packaging machinery, which incorporates inspection and weighing capabilities, is driven by the need for precision and efficiency in packaging processes.
- Stringent Regulatory Standards: The imposition of strict regulatory standards related to product quality, safety, and labeling in ASEAN and Gulf Countries compels industries to invest in inspection and weighing solutions to meet compliance requirements.
- Consumer Safety Concerns: Growing consumer awareness and safety concerns drive industries to implement stringent quality control measures, with inspection and weighing machines playing a critical role in ensuring safe and reliable products.
- Automation and Industry 4.0: The Industry 4.0 trend, which emphasizes automation, data integration, and smart manufacturing, encourages the adoption of advanced inspection and weighing systems for quality control and process optimization.
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Key Players
- ISHIDA CO LTD.
- Yamato Scale Co., Ltd
- ACG Group
- AEC Machinery (M) Sdn Bhd
- Equipments Machines UAE
- BREVETTI CEA S.P.A
- Synerchem Engineering
- Das Electronics Work Private Limited
- DAIICHI JITSUGYO (THAILAND) CO., LTD.
- Shanghai Tofflon Science and Technology Co. Ltd.
- Cognex Corporation
- ANTARES VISION S.p.A
- METTLER TOLEDO
Key Segments Covered
Machine Type
Sales Channel
End Use
Country
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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