World Load Cells Market to Exceed $1.58 Billion by 2012, According to a New Report by Global Industry Analysts

Load cell manufacturers, in order to gain and retain customers, are required to produce high-quality and efficient devices, which are most competent on cost front too. To distinguish themselves from the competition, load cell manufacturers need to provide extensive customer service and support that includes product installation, training, maintenance, and speedy repair services.

San Jose, California (PRWEB) November 13, 2008 -- Marked by intense competition, global load cells market is flooded by mass-produced components from many nations, particularly from Asian region. Cheaper products from Asia have penetrated into the world market, making it tougher for load cell manufacturers to compete against them. This scenario is also forcing many load cell manufactures to reorganize their business strategies.

In these demanding situations, companies are countering cheaper imports by increasingly offering made-to-order products. Load cell manufacturers are required to be flexible in the products they manufacture, right from design to manufacturing stage. An advantage over mass-production manufacturers can be attained, only by catering to customers with distinctive set of demands.

Worldwide market for load cells (http://www.strategyr.com/Load_Cells_Market_Report.asp) is expected to reach US$1.58 billion by 2012, reflecting a CAGR of over 3% during the period 2008-2012. The United States constitutes the single largest market for load cells, accounting for more than 32.1% of global revenues in 2008. Asia-Pacific is expected to register fastest growth exhibiting a CAGR of 5.7% over the aforementioned period. Among the product segments, Single Point Load cells (http://www.strategyr.com/Load_Cells_Market_Report.asp) commands the largest share of over 62.6% in 2008, while "S" Type Beam Load cells are expected to witness a relatively high CAGR of 4.1% during 2008-2012 period.

Leading global and regional players operating in the industry include Flintec Group AB, Futek Advanced Sensor Technology, Honeywell Sensotec-Lebow, Hottinger Baldwin Messtechnik GmbH, Interface Inc., National Scale Technology, Novatech Measurements Limited, PCB Piezotronics Inc., Rice Lake Weighing Systems, Thames Side Sensors Limited, Vishay Intertechnology, Inc., and Yamato Scale Co Ltd.

The report titled "Load Cells: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Product markets analyzed include Single Point Load Cells, Shear Beam Load Cells, Dual Shear Load Cells, Bending Beam Load Cells, "S" Type Beam Load Cells, and Smart/Digital Load Cells. Latent demand patterns for load cells are quantified across major geographic market verticals including North America, Japan, Europe, Asia Pacific, and Rest of World. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit

http://www.strategyr.com/Load_Cells_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

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