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Global Weigh-In-Motion System Market to reach USD 1.72 billion by 2027.

Global Weigh-In-Motion System Market by Type (In-Road, Bridge Weigh, Onboard), Vehicle Speed (Low, High), Component (Hardware, Software & Services), End Use Industry (Highway Toll, Oil & Refinery, Logistics), Function (Vehicle Profiling, Axle Counting, Weight Enforcement, Weight-based Toll Collection, Traffic Data Collection), Regional Forecasts 2021-2027

Product Code: ALATAE_90872063
Publish Date: 6-04-2021
Page: 200

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. 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

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
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

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Weigh-in-motion system Market , by Region, 2019-2027 (USD Billion)
1.2.2. Weigh-in-motion system Market, by Type, 2019-2027 (USD Billion)
1.2.3. Weigh-in-motion system Market, by Vehicle Speed, 2019-2027 (USD Billion)
1.2.4. Weigh-in-motion system Market , by Component, 2019-2027 (USD Billion)
1.2.5. Weigh-in-motion system Market , by End Use industry, 2019-2027 (USD Billion)
1.2.6. Weigh-in-motion system Market , by Function, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Weigh-in-motion system Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Weigh-in-motion system Market Dynamics
3.1. Weigh-in-motion system Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing Public-Private Partnerships (PPPs) model
3.1.1.2. Increasing government initiatives toward intelligent transportation system
3.1.2. Market Restraint
3.1.2.1. Lack of standardized & uniform technologies
3.1.3. Market Opportunities
3.1.3.1. Increasing investment in smart cities
Chapter 4. Global Weigh-in-motion system Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Weigh-in-motion system Market , by Type
5.1. Market Snapshot
5.2. Global Weigh-in-motion system Market by Type, Performance – Potential Analysis
5.3. Global Weigh-in-motion system Market Estimates & Forecasts by type 2018-2027 (USD Billion)
5.4. Weigh-in-motion system Market , Sub Segment Analysis
5.4.1. In-road
5.4.2. Weigh Bridge
5.4.3. Onboard
Chapter 6. Global Weigh-in-motion system Market , by Vehicle Speed
6.1. Market Snapshot
6.2. Global Weigh-in-motion system Market by Vehicle speed, Performance – Potential Analysis
6.3. Global Weigh-in-motion system Market Estimates & Forecasts by vehicle spped 2018-2027 (USD Billion)
6.4. Weigh-in-motion system Market , Sub Segment Analysis
6.4.1. Low-speed
6.4.2. High-speed
Chapter 7. Global Weigh-in-motion system Market , by components
7.1. Market Snapshot
7.2. Global Weigh-in-motion system Market by components, Performance – Potential Analysis
7.3. Global Weigh-in-motion system Market Estimates & Forecasts by components 2018-2027 (USD Billion)
7.4. Weigh-in-motion system Market , Sub Segment Analysis
7.4.1. Hardware
7.4.2. Software and Services
Chapter 8. Global Weigh-in-motion system Market , by End use industry
8.1. Market Snapshot
8.2. Global Weigh-in-motion system Market by end use industry, Performance – Potential Analysis
8.3. Global Weigh-in-motion system Market Estimates & Forecasts by End use industry 2018-2027 (USD Billion)
8.4. Weigh-in-motion system Market , Sub Segment Analysis
8.4.1. Highway Toll
8.4.2. Oil & Refinery
8.4.3. Logistics
8.4.4. Other end use industries
Chapter 9. Global Weigh-in-motion system Market , by Function
9.1. Market Snapshot
9.2. Global Weigh-in-motion system Market by function, Performance – Potential Analysis
9.3. Global Weigh-in-motion system Market Estimates & Forecasts by Function 2018-2027 (USD Billion)
9.4. Weigh-in-motion system Market , Sub Segment Analysis
9.4.1. Vehicle Profiling
9.4.2. Axle Counting
9.4.3. Weight Enforcement
9.4.4. Weight-based Toll Collection
9.4.5. Traffic Data Collection
Chapter 10. Global Weigh-in-motion system Market , Regional Analysis
10.1. Weigh-in-motion system Market , Regional Market Snapshot
10.2. North America Weigh-in-motion system Market
10.2.1. U.S. Weigh-in-motion system Market
10.2.1.1. Type breakdown estimates & forecasts, 2018-2027
10.2.1.2. Vehicle speed breakdown estimates & forecasts, 2018-2027
10.2.1.3. Components breakdown estimates & forecasts, 2018-2027
10.2.1.4. End use industry breakdown estimates & forecasts, 2018-2027
10.2.1.5. Function breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Weigh-in-motion system Market
10.3. Europe Weigh-in-motion system Market Snapshot
10.3.1. U.K. Weigh-in-motion system Market
10.3.2. Germany Weigh-in-motion system Market
10.3.3. France Weigh-in-motion system Market
10.3.4. Spain Weigh-in-motion system Market
10.3.5. Italy Weigh-in-motion system Market
10.3.6. Rest of Europe Weigh-in-motion system Market
10.4. Asia-Pacific Weigh-in-motion system Market Snapshot
10.4.1. China Weigh-in-motion system Market
10.4.2. India Weigh-in-motion system Market
10.4.3. Japan Weigh-in-motion system Market
10.4.4. Australia Weigh-in-motion system Market
10.4.5. South Korea Weigh-in-motion system Market
10.4.6. Rest of Asia Pacific Weigh-in-motion system Market
10.5. Latin America Weigh-in-motion system Market Snapshot
10.5.1. Brazil Weigh-in-motion system Market
10.5.2. Mexico Weigh-in-motion system Market
10.6. Rest of The World Weigh-in-motion system Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. General Electrodynamic Corporation
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Kapsch TrafficCom
11.2.3. Q-Free Asa
11.2.4. International Road Dynamics
11.2.5. Mettler Toledo
11.2.6. Avery Weigh-Tronix
11.2.7. TE Connectivity
11.2.8. Efkon Gmbh
11.2.9. TransCore
11.2.10. Kistler
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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