PUBLISHER: Value Market Research | PRODUCT CODE: 1305160
PUBLISHER: Value Market Research | PRODUCT CODE: 1305160
The global demand for Weigh-In-Motion System Market is presumed to reach the market size of nearly USD 4.07 BN by 2030 from USD 1.71 BN in 2022 with a CAGR of 11.48% under the study period 2023 - 2030.
Weight in motion system refers to the system used for measuring and analyzing the weight of moving vehicles. It records the weight of the vehicle, length, vehicle type, vehicle speed, axle load as well as the class of the moving vehicles. It is a very useful technology and promotes intelligent transportation systems. It is used in road traffic administration, control agencies, bridge designers as well as research and development units etc. The information derived from weight in motion systems is used for various purposes such as real-time traffic data analysis, pavement analysis and design, freight estimation and virtual traffic monitoring etc. It provides road safety and helps in the detection of overloaded vehicles.
The increasing issue of traffic congestion is surging the demand for the weight in motion system market. The growing shift from traditional cities to smart cities with increasing investment in smart city projects is propelling the demand for this market. Manufacturers are focusing on innovation and developments to enhance their market share. Moreover, continuous advancement in technology, along with rising public-private partnerships, are expanding the demand for this market. The rise in the use of weight-in-motion systems for overload detection, road management, legislation, and regulations is augmenting the demand for this market. Furthermore, increased government initiatives for promoting intelligent transport systems are boosting the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of weigh-in-motion system. The growth and trends of weigh-in-motion system industry provide a holistic approach to this study.
This section of the weigh-in-motion system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Weigh-In-Motion System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the weigh-in-motion system market include Avery Weigh-Tronix (US), METTLER TOLEDO (US), Kistler Instruments AG (Switzerland), International Road Dynamics Inc (Canada), Q-free ASA (Norway). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies