Press release
Weigh-In-Motion System Market worth $2.67 billion by 2030, growing at a CAGR of 11.14% - Exclusive Report by 360iResearch
Weigh-In-Motion System Market | 360iResearch
The Global Weigh-In-Motion System Market to grow from USD 1.27 billion in 2023 to USD 2.67 billion by 2030, at a CAGR of 11.14%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/weigh-in-motion-system?utm_source=openpr&utm_medium=referral&utm_campaign=sample
The growing trade and eCommerce activities worldwide have increased the road freight traffic, eventually raising the number of overloaded trucks in transit. Overloaded vehicles pose a real threat to road safety and significantly contribute to road surface degradation, particularly on highways and bridges. Weigh-In-Motion (WIM) technology has emerged as a viable solution for traffic monitoring, weight enforcement, and weight-based tolling of overloaded road freight. Government inclination toward traffic management systems, automated license plate recognition (ALPR), and the adoption of WIM wireless systems for sustainable railway transport have further expanded the product's popularity among various end-users. However, concerns associated with system effectiveness and accuracy and strict standards for WIM systems limit the development of weigh-in-motion systems. The rise of intelligent weigh-in-motion systems, advancements in strip sensors, and surging investments in smart city development is expected to create new opportunities for utilizing WIM systems.
The Asia-Pacific and European regions witness an increasing growth in the use of WIM systems across highways and roadways, primarily considering the increasing eCommerce activities. Researchers in the region are constantly working on introducing new studies regarding the use of IoT and AI in WIM and are creating a hallway for startups to enter the arena. The Americas has a more developed landscape for the WIM market, considering the presence of well-established regional players currently focused on partnerships with state authorities to expand product commercialization. The U.S., Canada, China, Germany, and the UK occupy some of the largest WIM manufacturing companies. European Commission invested in several projects developing WIM systems in the 1990s and is currently focused on their deployment across countries, following the regulations and guidelines of the governments. Moreover, highway administrations and industrial authorities are providing standards regarding WIM to ensure their quality and accuracy.
Market Segmentation & Coverage:
This research report categorizes the Weigh-In-Motion System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware and Software & Services. The Hardware commanded largest market share of 75.08% in 2023, followed by Software & Services.
Based on Technology, market is studied across Bending Plate, Load Cell, Piezoelectric Sensor, and Strain Gauge Strip. The Piezoelectric Sensor commanded largest market share of 36.16% in 2023, followed by Load Cell.
Based on Vehicle Speed, market is studied across High Speed (more than 15 km/hr) and Low Speed (less than 15 Km/hr). The High Speed (more than 15 km/hr) commanded largest market share of 84.23% in 2023, followed by Low Speed (less than 15 Km/hr).
Based on Installation, market is studied across Onboard System, Pavement/In-road System, and Weighbridge System. The Onboard System commanded largest market share of 38.74% in 2023, followed by Weighbridge System.
Based on Function, market is studied across Axle Counting, Traffic Data Collection, Vehicle Profiling, Weight Enforcement, and Weight-Based Toll Collection. The Weight-Based Toll Collection commanded largest market share of 33.54% in 2023, followed by Traffic Data Collection.
Based on End User, market is studied across Agriculture, Aviation, Oil & Refinery, Ports & Logistic Hubs, Process Industries, Railways, and Roadways. The Roadways commanded largest market share of 31.34% in 2023, followed by Ports & Logistic Hubs.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.78% in 2023, followed by Americas.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/weigh-in-motion-system?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Weigh-In-Motion System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Weigh-In-Motion System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Weigh-In-Motion System Market, highlighting leading vendors and their innovative profiles. These include Aditya Technologies, Althen Sensor, Ashbee Systems Ltd., Avery Weigh-Tronix, LLC, Blickfeld GmbH, CAMEA, spol. s r.o., Cardinal Scale Manufacturing Company, Chengdu Enviko Technology Co., Ltd., CROSS Zlín, a.s., Diversco, EFKON GmbH, Essae Digitronics (P) Ltd., General Electrodynamics Corporation, Imagic Solution, Intercomp Company, International Road Dynamics Inc., Kapsch TrafficCom AG, Kemek Ltd., Kistler Instrumente AG, Marsden Weighing Machine Group Limited, Matrix Weighing Systems Pvt. Ltd., Mettler-Toledo International Inc., Mosaş Group, Oriux, OSMOS Group SA, Precision Weighing Systems, Q-Free ASA, S.A.Technology Co., Ltd., SEA Company, SICK AG, SWARCO AG, TagMaster, Tamtron Oy and Tamtron Systems Oy, TE Connectivity Ltd., Traffic Data Systems GmbH, TrainWeigh Weighing Systems, Trakblaze Pty Ltd., TransCore, Tunaylar Baskül Sanayi ve Ticaret A.Ş., UDNS Co. Ltd., and Weigh-More Solutions Pty Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Weigh-In-Motion System Market, by Component
7. Weigh-In-Motion System Market, by Technology
8. Weigh-In-Motion System Market, by Vehicle Speed
9. Weigh-In-Motion System Market, by Installation
10. Weigh-In-Motion System Market, by Function
11. Weigh-In-Motion System Market, by End User
12. Americas Weigh-In-Motion System Market
13. Asia-Pacific Weigh-In-Motion System Market
14. Europe, Middle East & Africa Weigh-In-Motion System Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Weigh-In-Motion System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Weigh-In-Motion System Market?
3. What is the competitive strategic window for opportunities in the Weigh-In-Motion System Market?
4. What are the technology trends and regulatory frameworks in the Weigh-In-Motion System Market?
5. What is the market share of the leading vendors in the Weigh-In-Motion System Market?
6. What modes and strategic moves are considered suitable for entering the Weigh-In-Motion System Market?
Read More @ https://www.360iresearch.com/library/intelligence/weigh-in-motion-system?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Weigh-In-Motion System Market worth $2.67 billion by 2030, growing at a CAGR of 11.14% - Exclusive Report by 360iResearch here
News-ID: 3396858 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for WIM
Insights on the Global Breathwork Techniques Market to 2025 | Industry Statistic …
The latest research study released by Worldwide Market Reports on "Breathwork Techniques Market 2025" holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The analysts and researchers authoring the report have provided a deeper competitive analysis of the Breathwork Techniques market along with exhaustive company profiling of leading market players. This research study of the Breathwork Techniques Market involved the extensive usage…
Increasing Opportunities In Holistic Breathing Techniques Market Latest Trends, …
The business intelligence report on Holistic Breathing Techniques Market defines the major trends determining this domain's growth with respect to competitive and geographical landscape. Moreover, the study covers the challenges that impede industry development and offers insights into untapped opportunities that will spur business expansion during the forecast period 2023-2030.
Learn how to build a strategy to implement and a business case. Learn about Holistic Breathing Techniques market and how…
Revolutionizing Success in the Breathwork Therapy Market: Latest Trends, Technol …
"Worldwide Market Reports offers a UP-TO 70% discount on Breathwork Therapy Market Reports on Single User Access and Unlimited User Access"
Overview
Breathwork Therapy Market 2023 Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the…
Plastic Furniture 2021 Global Market Expected to Grow at CAGR of 3.9% by forecas …
The Plastic Furniture market report is a detailed analyzed report which is been created to understand the market trends and also what will be the best fit for an organization to stand out in the global market. The market members are always looking for market data, important patterns, existing examples, and development openings, the worldwide Plastic Furniture market report is a great asset. The analysis gives an area valuation dependent…
Plastic Furniture Market - Industry Analysis (2013-2017) & Opportunity Assessmen …
The global market for plastic furniture is expected to witness 5.3% y-o-y over 2018, crossing US$ 24 billion by the end of 2019, unveils a recent Fact.MR study. Increasing demand for low-cost, lightweight, and durable plastic furniture in various end-use sectors is driving end-users to adopt plastic furniture instead of traditional, wooden or metal furniture.
In Brief
The Plastic Furniture Market grew at 4.4% CAGR between 2013 and 2017, as the market…
Global Cello String Market 2017 - Cello Products, Cello Wim Plast, Yamaha, Feng …
The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Cello String industry development trends and marketing channels are analyzed.
The report begins with a broad introduction of the Cello String market and then drills deeper into specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends.…
