Weigh in Motion Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Vehicle Speed ; By Component ; By Installation Type ; By Technology ; By Application ; By End User ; By Region

Description

Global Weigh in Motion (WIM) Market Size Almost Doubles to Cross USD 2 Billion by 2029.

Global weigh in motion (WIM) market is flourishing owing to an increasing focus on managing traffic congestions, a surging demand for effective systems at reasonable prices, high adoption of intelligent transportation systems, governments' growing investments in building roads, and rising commercial and freight transportation.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global weigh in motion (WIM) market size at USD 1,030 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global weigh in motion market size to grow at a significant CAGR of 10.24% reaching a value of USD 2,026.33 by 2029. Major growth drivers for global weigh in motion market include public-private partnerships, low cost, and rising traffic congestion are expected to emerge as significant factors accelerating the growth of the weigh-in-motion market. Government regulations governing intelligent transportation are expected to grow quickly. The market for weigh in motion will advance due to rising government investments in intelligent transportation systems and growing awareness of its advantages, such as increased traffic monitoring and analysis, cost reduction, overload vehicle detection, and road safety. The market for weigh in motion is predicted to benefit from the rising investment in smart cities. However, high cost of installation & maintenance and interference with other systems are anticipated to hinder the overall market growth.

Global Weigh in Motion Market - Overview:

Weigh in motion (WIM) devices, also known as weighing-in-motion (WIM) devices, are essentially pieces of software that record and measure the weight of moving vehicles by measuring axle loads as the trucks pass over installed sensors. It provides several advantages, such as cost savings, traffic monitoring and analysis, road management, overload vehicle enforcement, and road safety. The weigh in motion system promotes weigh in motion system sales by allowing local governments and transportation agencies to plan systematically while ensuring road safety through continuous monitoring, recording, and law enforcement methods.

Opportunity: Increasing traffic snarl

Traffic congestion is one of the main issues, and it is expected to get worse during the forecast period as more cars are sold around the world. This is particularly true at toll plazas. As urbanization and population growth around the world continues, costs are going up. The WIM system offers a solution to the congested traffic issue. To ease traffic congestion, many nations, including the US, UK, Germany, India, China, and Japan, have installed WIM systems on their highways. Throughout the forecast period, WIM systems are anticipated to be used for enforcement, monitoring, and forecasting congestion-causing causes. Traveler information systems, analytics and decision support, advisory services, traffic projection solutions, ticketing, and toll collection systems are just a few of the services provided by WIM.

Challenge: Substantial upfront costs

High initial costs and restrictive installation specifications for nonintrusive sensors are expected to limit the market growth for weigh-in motion systems. The use of commercial heavy vehicle transportation is expanding quickly due to industrial developments. To control traffic and monitor how rules are being followed, a weigh-in-motion system needs to be installed.

Impact of COVID-19 on Global Weigh in Motion Market

COVID-19 pandemic had a detrimental impact on end-use industries in 2020, which reduced global revenue generation significantly and hampered the market expansion for weigh-in-motion systems. The demand for weigh-in-motion systems is directly impacted by the expansion of end-use industries such as highway toll, oil & refinery, and logistics. 2020 witnessed a 15% to 25% decline in road traffic in Europe as a result of travel restrictions and a dismal macroeconomic environment. According to the International Energy Agency, the world's oil consumption dropped from 90,000 barrels per day in 2019 to 99.9 million barrels per day in 2020. The high installation costs and declining revenue from end-use industries are expected to limit the market growth for weigh-in-motion systems. However, due to the introduction of vaccines, the relaxation of lockdowns, and the restart of economic and social activities supported by high traffic, the market for weigh-in-motion systems as a whole grew in 2021.

Global Weigh in Motion Market - By Technology:

The global weigh-in-motion market is divided into four categories based on technology: load cell, strain gauge strip, bending plate, and piezoelectric sensor. The fastest rate of growth is anticipated in the piezoelectric sensors segment. Compared to other systems, piezoelectric sensors have a more straightforward and portable design. Additional benefits include a broad measurement system range and a shallower road implementation depth. Piezoelectric sensors are more frequently required in weigh-in-motion applications worldwide due to their advantages over other sensors. The typical form of piezoelectric polymer sensor is a long cable or tape enclosed inside a sizable block of elastomeric material. These blocks are set into grooves in the pavement that have been cut parallel to the direction of traffic. The piezoelectric output of the most recent sensor technology varies.

Competitive Landscape:

Global weigh in motion (WIM) market is fiercely competitive. Prominent players in the global weigh in motion (WIM) market include Kapsch TrafficCom AG., International Road Dynamics Inc., Kistler Group., SWARCO, Teledyne FLIR LLC., Infogix Inc, Reltio, TE Connectivity., Axis Communications AB., Raytheon Technologies Corporation., Siemens., Sensys Networks, Inc., Cross Zlin a.s, Intercomp, EFKON India Pvt. Ltd, SICK AG., Image Sensing Systems, Inc., and LeddarTech Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global weigh in motion Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Weigh in Motion Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Weigh in Motion Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23129

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Weigh in Motion Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing traffic congestion
  - 3.2.1.2. High demand for efficient and cost-effective systems
  - 3.2.1.3. Growing adoption of intelligent transportation systems
- 3.2.2. Restraints
  - 3.2.2.1. High cost of installation & maintenance
  - 3.2.2.2. Interference with other systems
- 3.2.3. Opportunities
  - 3.2.3.1. Increase in government spending on road infrastructure
  - 3.2.3.2. Increase in freight and commercial transportation
- 3.2.4. Challenges
  - 3.2.4.1. Limited availability of systems
  - 3.2.4.2. Limited awareness of the benefits of weigh-in-motion systems
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Weigh in Motion Market Overview

4.1. Market Size & Forecast, by Value, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Vehicle Speed
  - 4.2.1.1. High Speed
  - 4.2.1.2. Low Speed
- 4.2.2. By Component
  - 4.2.2.1. Hardware
  - 4.2.2.2. Software & Services
- 4.2.3. By Installation Type
  - 4.2.3.1. In-Road System
  - 4.2.3.2. Weigh Bridge System
  - 4.2.3.3. Onboard System
- 4.2.4. By Technology
  - 4.2.4.1. Load Cell
  - 4.2.4.2. Strain Gauge Strip
  - 4.2.4.3. Bending Plate
  - 4.2.4.4. Piezoelectric Sensor
- 4.2.5. By Application
  - 4.2.5.1. Vehicle Profiling
  - 4.2.5.2. Axle Counting
  - 4.2.5.3. Weight Enforcement
  - 4.2.5.4. Weight-Based Toll Collection
  - 4.2.5.5. Traffic Data Collection
- 4.2.6. By End User
  - 4.2.6.1. Highway Toll
  - 4.2.6.2. Oil & Refinery
  - 4.2.6.3. Logistics
  - 4.2.6.4. Others
- 4.2.7. By Region
  - 4.2.7.1. North America
  - 4.2.7.2. Europe
  - 4.2.7.3. Asia Pacific (APAC)
  - 4.2.7.4. Latin America (LATAM)
  - 4.2.7.5. Middle East and Africa (MEA)

5. North America Weigh in Motion Market

5.1.1. Market Size & Forecast, by Value, 2019-2029
5.1.2. By Value (USD Million)

5.2. Market Share & Forecast
- 5.2.1. By Vehicle Speed
- 5.2.2. By Service
- 5.2.3. By Installation Type
- 5.2.4. By Technology
- 5.2.5. By Application
- 5.2.6. By Country
  - 5.2.6.1. US
  - 5.2.6.1.1. By Vehicle Speed
  - 5.2.6.1.2. By Component
  - 5.2.6.1.3. By Installation Type
  - 5.2.6.1.4. By Technology
  - 5.2.6.1.5. By Application
  - 5.2.6.1.6. By End User
  - 5.2.6.2. Canada
  - 5.2.6.2.1. By Vehicle Speed
  - 5.2.6.2.2. By Component
  - 5.2.6.2.3. By Installation Type
  - 5.2.6.2.4. By Technology
  - 5.2.6.2.5. By Application
  - 5.2.6.2.6. By End User

6. Europe Weigh in Motion Market

6.1. Market Size & Forecast, by Value, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Speed
- 6.2.2. By Component
- 6.2.3. By Installation Type
- 6.2.4. By Technology
- 6.2.5. By Application
- 6.2.6. By End User
- 6.2.7. By Country
  - 6.2.7.1. Germany
  - 6.2.7.1.1. By Vehicle Speed
  - 6.2.7.1.2. By Component
  - 6.2.7.1.3. By Installation Type
  - 6.2.7.1.4. By Technology
  - 6.2.7.1.5. By Application
  - 6.2.7.1.6. By End User
  - 6.2.7.2. UK
  - 6.2.7.2.1. By Vehicle Speed
  - 6.2.7.2.2. By Component
  - 6.2.7.2.3. By Installation Type
  - 6.2.7.2.4. By Technology
  - 6.2.7.2.5. By Application
  - 6.2.7.2.6. By End User
  - 6.2.7.3. Italy
  - 6.2.7.3.1. By Vehicle Speed
  - 6.2.7.3.2. By Component
  - 6.2.7.3.3. By Installation Type
  - 6.2.7.3.4. By Technology
  - 6.2.7.3.5. By Application
  - 6.2.7.3.6. By End User
  - 6.2.7.4. France
  - 6.2.7.4.1. By Vehicle Speed
  - 6.2.7.4.2. By Component
  - 6.2.7.4.3. By Installation Type
  - 6.2.7.4.4. By Technology
  - 6.2.7.4.5. By Application
  - 6.2.7.4.6. By End User
  - 6.2.7.5. Spain
  - 6.2.7.5.1. By Vehicle Speed
  - 6.2.7.5.2. By Component
  - 6.2.7.5.3. By Installation Type
  - 6.2.7.5.4. By Technology
  - 6.2.7.5.5. By Application
  - 6.2.7.5.6. By End User
  - 6.2.7.6. The Netherlands
  - 6.2.7.6.1. By Vehicle Speed
  - 6.2.7.6.2. By Component
  - 6.2.7.6.3. By Installation Type
  - 6.2.7.6.4. By Technology
  - 6.2.7.6.5. By Application
  - 6.2.7.6.6. By End User
  - 6.2.7.7. Rest of Europe
  - 6.2.7.7.1. By Vehicle Speed
  - 6.2.7.7.2. By Component
  - 6.2.7.7.3. By Installation Type
  - 6.2.7.7.4. By Technology
  - 6.2.7.7.5. By Application
  - 6.2.7.7.6. By End User

7. Asia-Pacific Weigh in Motion Market

7.1. Market Size & Forecast, by Value, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Speed
- 7.2.2. By Component
- 7.2.3. By Installation Type
- 7.2.4. By Technology
- 7.2.5. By Application
- 7.2.6. By End User
- 7.2.7. By Country
  - 7.2.7.1. China
  - 7.2.7.1.1. By Vehicle Speed
  - 7.2.7.1.2. By Component
  - 7.2.7.1.3. By Installation Type
  - 7.2.7.1.4. By Technology
  - 7.2.7.1.5. By Application
  - 7.2.7.1.6. By End User
  - 7.2.7.2. India
  - 7.2.7.2.1. By Vehicle Speed
  - 7.2.7.2.2. By Component
  - 7.2.7.2.3. By Installation Type
  - 7.2.7.2.4. By Technology
  - 7.2.7.2.5. By Application
  - 7.2.7.2.6. By End User
  - 7.2.7.3. Japan
  - 7.2.7.3.1. By Vehicle Speed
  - 7.2.7.3.2. By Component
  - 7.2.7.3.3. By Installation Type
  - 7.2.7.3.4. By Technology
  - 7.2.7.3.5. By Application
  - 7.2.7.3.6. By End User
  - 7.2.7.4. South Korea
  - 7.2.7.4.1. By Vehicle Speed
  - 7.2.7.4.2. By Component
  - 7.2.7.4.3. By Installation Type
  - 7.2.7.4.4. By Technology
  - 7.2.7.4.5. By Application
  - 7.2.7.4.6. By End User
  - 7.2.7.5. Australia & New Zealand
  - 7.2.7.5.1. By Vehicle Speed
  - 7.2.7.5.2. By Component
  - 7.2.7.5.3. By Installation Type
  - 7.2.7.5.4. By Technology
  - 7.2.7.5.5. By Application
  - 7.2.7.5.6. By End User
  - 7.2.7.6. Indonesia
  - 7.2.7.6.1. By Vehicle Speed
  - 7.2.7.6.2. By Component
  - 7.2.7.6.3. By Installation Type
  - 7.2.7.6.4. By Technology
  - 7.2.7.6.5. By Application
  - 7.2.7.6.6. By End User
  - 7.2.7.7. Malaysia
  - 7.2.7.7.1. By Vehicle Speed
  - 7.2.7.7.2. By Component
  - 7.2.7.7.3. By Installation Type
  - 7.2.7.7.4. By Technology
  - 7.2.7.7.5. By Application
  - 7.2.7.7.6. By End User
  - 7.2.7.8. Singapore
  - 7.2.7.8.1. By Vehicle Speed
  - 7.2.7.8.2. By Component
  - 7.2.7.8.3. By Installation Type
  - 7.2.7.8.4. By Technology
  - 7.2.7.8.5. By Application
  - 7.2.7.8.6. By End User
  - 7.2.7.9. Philippines
  - 7.2.7.9.1. By Vehicle Speed
  - 7.2.7.9.2. By Component
  - 7.2.7.9.3. By Installation Type
  - 7.2.7.9.4. By Technology
  - 7.2.7.9.5. By Application
  - 7.2.7.9.6. By End User
  - 7.2.7.10. Vietnam
  - 7.2.7.10.1. By Vehicle Speed
  - 7.2.7.10.2. By Component
  - 7.2.7.10.3. By Installation Type
  - 7.2.7.10.4. By Technology
  - 7.2.7.10.5. By Application
  - 7.2.7.10.6. By End User
  - 7.2.7.11. Rest of Asia Pacific
  - 7.2.7.11.1. By Vehicle Speed
  - 7.2.7.11.2. By Component
  - 7.2.7.11.3. By Installation Type
  - 7.2.7.11.4. By Technology
  - 7.2.7.11.5. By Application
  - 7.2.7.11.6. By End User

8. Latin America Weigh in Motion Market

8.1. Market Size & Forecast, by Value, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Speed
- 8.2.2. By Component
- 8.2.3. By Installation Type
- 8.2.4. By Technology
- 8.2.5. By Application
- 8.2.6. By End User
- 8.2.7. By Country
  - 8.2.7.1. Brazil
  - 8.2.7.1.1. By Vehicle Speed
  - 8.2.7.1.2. By Component
  - 8.2.7.1.3. By Installation Type
  - 8.2.7.1.4. By Technology
  - 8.2.7.1.5. By Application
  - 8.2.7.1.6. By End User
  - 8.2.7.2. Mexico
  - 8.2.7.2.1. By Vehicle Speed
  - 8.2.7.2.2. By Component
  - 8.2.7.2.3. By Installation Type
  - 8.2.7.2.4. By Technology
  - 8.2.7.2.5. By Application
  - 8.2.7.2.6. By End User
  - 8.2.7.3. Argentina
  - 8.2.7.3.1. By Vehicle Speed
  - 8.2.7.3.2. By Component
  - 8.2.7.3.3. By Installation Type
  - 8.2.7.3.4. By Technology
  - 8.2.7.3.5. By Application
  - 8.2.7.3.6. By End User
  - 8.2.7.4. Peru
  - 8.2.7.4.1. By Vehicle Speed
  - 8.2.7.4.2. By Component
  - 8.2.7.4.3. By Installation Type
  - 8.2.7.4.4. By Technology
  - 8.2.7.4.5. By Application
  - 8.2.7.4.6. By End User
  - 8.2.7.5. Rest of LATAM
  - 8.2.7.5.1. By Vehicle Speed
  - 8.2.7.5.2. By Component
  - 8.2.7.5.3. By Installation Type
  - 8.2.7.5.4. By Technology
  - 8.2.7.5.5. By Application
  - 8.2.7.5.6. By End User

9. Middle East & Africa Weigh in Motion Market

9.1. Market Size & Forecast, by Value, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Speed
- 9.2.2. By Component
- 9.2.3. By Installation Type
- 9.2.4. By Technology
- 9.2.5. By Application
- 9.2.6. By End User
- 9.2.7. By Country
  - 9.2.7.1. Saudi Arabia
  - 9.2.7.1.1. By Vehicle Speed
  - 9.2.7.1.2. By Component
  - 9.2.7.1.3. By Installation Type
  - 9.2.7.1.4. By Technology
  - 9.2.7.1.5. By Application
  - 9.2.7.1.6. By End User
  - 9.2.7.2. UAE
  - 9.2.7.2.1. By Vehicle Speed
  - 9.2.7.2.2. By Component
  - 9.2.7.2.3. By Installation Type
  - 9.2.7.2.4. By Technology
  - 9.2.7.2.5. By Application
  - 9.2.7.2.6. By End User
  - 9.2.7.3. Qatar
  - 9.2.7.3.1. By Vehicle Speed
  - 9.2.7.3.2. By Component
  - 9.2.7.3.3. By Installation Type
  - 9.2.7.3.4. By Technology
  - 9.2.7.3.5. By Application
  - 9.2.7.3.6. By End User
  - 9.2.7.4. Kuwait
  - 9.2.7.4.1. By Vehicle Speed
  - 9.2.7.4.2. By Component
  - 9.2.7.4.3. By Installation Type
  - 9.2.7.4.4. By Technology
  - 9.2.7.4.5. By Application
  - 9.2.7.4.6. By End User
  - 9.2.7.5. South Africa
  - 9.2.7.5.1. By Vehicle Speed
  - 9.2.7.5.2. By Component
  - 9.2.7.5.3. By Installation Type
  - 9.2.7.5.4. By Technology
  - 9.2.7.5.5. By Application
  - 9.2.7.5.6. By End User
  - 9.2.7.6. Nigeria
  - 9.2.7.6.1. By Vehicle Speed
  - 9.2.7.6.2. By Component
  - 9.2.7.6.3. By Installation Type
  - 9.2.7.6.4. By Technology
  - 9.2.7.6.5. By Application
  - 9.2.7.6.6. By End User
  - 9.2.7.7. Algeria
  - 9.2.7.7.1. By Vehicle Speed
  - 9.2.7.7.2. By Component
  - 9.2.7.7.3. By Installation Type
  - 9.2.7.7.4. By Technology
  - 9.2.7.7.5. By Application
  - 9.2.7.7.6. By End User
  - 9.2.7.8. Rest of MEA
  - 9.2.7.8.1. By Vehicle Speed
  - 9.2.7.8.2. By Component
  - 9.2.7.8.3. By Installation Type
  - 9.2.7.8.4. By Technology
  - 9.2.7.8.5. By Application
  - 9.2.7.8.6. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Installation Type
10.2. Global Weigh in Motion Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

11. Impact of Covid-19 on Global Weigh in Motion Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Kapsch TrafficCom AG.
12.2. International Road Dynamics Inc.
12.3. Kistler Group.
12.4. SWARCO
12.5. Teledyne FLIR LLC.
12.6. Infogix Inc
12.7. Reltio
12.8. TE Connectivity.
12.9. Axis Communications AB.
12.10. Raytheon Technologies Corporation.
12.11. Siemens.
12.12. Sensys Networks, Inc.
12.13. Cross Zlin a.s
12.14. Intercomp
12.15. EFKON India Pvt. Ltd
12.16. SICK AG.
12.17. Image Sensing Systems, Inc.
12.18. LeddarTech Inc.
12.19. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations