The latest report on the Weigh-In-Motion System Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global Weigh-In-Motion System Market to reach USD 1.72 billion by 2027. Global Weigh-In-Motion System Market is valued approximately at USD 0.85 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.5% over the forecast period 2021-2027.
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Weigh-in-motion devices track axle weights and gross weights as vehicles travel over a measurement site. WIM systems can detect cars travelling at low or average speeds and prevent them from stopping. They have the potential to increase roadway safety, avoid road surface degradation, and reduce the likelihood of an accident. They are also utilized to collect tolls based on weight. Heavy-duty vehicles have a variety of effects on infrastructure. Heavy-duty trucks that are overloaded might harm the roads. The weigh-in motion system assists in preventing overweight trucks from accessing the roadways, reducing road wear and tear. Highways with an increase in heavy-duty vehicle traffic are more vulnerable to damage than other highways.
Furthermore, the market is driven by the increasing Public-Private Partnerships (PPPs) model and increasing government initiatives toward intelligent transportation system. With the rise in worldwide vehicle sales, traffic congestion has become one of the most significant matters, particularly at toll plazas, and it is anticipated to increase in the future. According to the USDOT, congestion charges have been increasing at an annual pace of 8% in the United States. According to a survey issued by transportation analytics firm Inrix in 2017, drivers in Los Angeles spent an average of 102 hours stuck in a traffic jam last year, followed by Moscow with 91 hours lost to traffic, and London and Paris with 74 and 69 hours lost to congestion, respectively. Thus, increases in technologies reduce the risk of traffic congestion in the upcoming years. However, Lack of standardized & uniform technologies may impede market growth over the forecast period of 2021-2027.
Geographically, Europe is dominating the Weight in motion system market owing to increased freight traffic and free movement of products in countries such as Germany and France. Furthermore, increased traffic in national and international highways in toll plazas also propel the market growth in the region. However, the Asia Pacific WIM system market is anticipated to be the fastest growing market, as smart traffic management and smart cities in China and India, in particular, have increased investment in smart transportation systems.
Major market player included in this report are:
General Electrodynamics Corporation
Kapsch TrafficCom
Q-Free Asa
International Road Dynamics
Mettler Toledo
Avery Weigh-Tronix
TE Connectivity
Efkon Gmbh
TransCore
Kistler
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
In-road
Weigh Bridge
Onboard
By Vehicle Speed:
High Speed
Low Speed
By Components:
Hardware
Software & Services
By End use industry:
Highway Toll
Oil & Refinery
Logistics
Other end use industries
By Function:
Vehicle Profiling
Axle Counting
Weight Enforcement
Weight-based Toll Collection
Traffic Data Collection
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Weigh-In-Motion System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Table of content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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