The global Weigh-In-Motion System market gathered revenue around USD 860 million in 2020 and market is set to grow USD 1,734 million by the end of 2027 and is estimated to expand at a modest CAGR of 11.2% during the prediction period 2021 to 2027. A Weigh-in-Motion (WIM) system is a system that captures and records data such as vehicle weight, vehicle speed, vehicle length, vehicle class, and the number of axles and weight per axle when the vehicle is in motion. Weigh-in-motion offers various advantages over the traditional static weight scale as it helps to reduce operation time, maintenance, and cost. It also allows a smooth flow of traffic when the vehicles need to stop or become stationary to measure the vehicle weight. Weigh-in-motion has evolved to become an effective tool for Intelligent Transportation Systems (ITS). The WIM system produces individual vehicle records of traffic information; it includes lane number, timestamp, speed, axle load, axle spacing, and vehicle type. This detailed traffic information is used in a wide range of applications such as pavement analysis and design, overweight enforcement, traffic data analysis and reporting, freight estimation, and traffic monitoring.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Weigh-In-Motion System market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Weigh-In-Motion System market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Weigh-In-Motion System market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Opportunity: Onboard WIM system
Onboard weigh-in-motion systems are fitted to the vehicles rather than to the road and allow the weight data to be transferred at any point of time from a moving vehicle. As the onboard system is fitted in the vehicles, it offers low cost and maintenance advantages over other WIM systems. Also, it eliminates the need to install infrastructure. For instance, a low-speed WIM system costs about USD 25,000–30,100 depending on the accuracy, whereas the hardware of onboard WIM system costs approximately USD 1,103–1,302 per truck. If such systems are installed in all production trucks in the coming years, the hardware costs may come down to about USD 550–609. ContiTech AG has developed OBWS (On Board Weighing System), which helps drivers and fleet operators comply with EU Directive 2015/719 and more frequent weighing of commercial vehicles. The Australian road transport sector has become the first country to adopt onboard WIM systems for road compliance management purposes, leading to enhanced productivity, efficiency, and safety outcomes. Hence, the upcoming trend of onboard WIM systems is likely to create new opportunities for companies manufacturing these systems.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Weigh-In-Motion System Market are:
Kapsch TrafficCom (Austria), Q-Free ASA (Norway), METTLER TOLEDO (US), and Avery Weigh-Tronix (Illinois Tool Works) (US).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Weigh-in-motion system Market, By Type
- In-road
- Weigh Bridge
- Onboard
Weigh-in-motion system Market, By Vehicle Speed
Weigh-in-motion system Market, By Component
- Hardware
- Software & Services
Weigh-in-motion system Market, By End-use Industry
- Highway Toll
- Oil & Refinery
- Logistics
- Other end use industries
Weigh-in-motion system Market, By Function
- Vehicle Profiling
- Axle Counting
- Weight Enforcement
- Weight-based Toll Collection
- Traffic Data Collection
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
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