Weigh in Motion Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028
The weigh in motion market is growing at an increased rate on the backs of its innumerable benefits in motion systems. These benefits of weigh include increased road safety and reduced road deterioration. Some other merits of weigh also include easy access to city areas that have maximum uses. In addition, reduced overload vehicles are also fueling growth opportunities in the weigh in motion market.
These WIM (weigh in motion) devices are particularly designed for the recording of gross vehicle weights and truck axles. This recording takes place as these vehicles drive over a measuring sensor or site. The modern weigh in motion systems find applications over the traditional static weigh stations. These weigh in motion devices do not need vehicles to stop which makes these modern devices effective in use.
The rising requirement for solutions with advanced traffic congestion also develops demand opportunities in the weigh in motion market. The sale of automobiles especially cars has increased in the last few years. This increased sale has led to different concerns such as environmental deterioration, traffic accidents, and traffic congestion. But the adoption of weigh in motion devices has resolved these issues as these modern systems and devices ensure the utmost flexible traffic monitoring options for automobiles. In addition, these weigh in motion systems may easily classify vehicles and determine their compliance according to the existing weight standards. These features are anticipated to create growth opportunities in the weigh in motion market.
Significant trends such as the rising market for smart transportation and rising public-private partnership are bolstering demand in the weigh in motion market. Further, government bodies are incorporating different creative initiatives for the development of intelligent transportation infrastructure. This may develop demand avenues in the weigh in motion market.
The key players in the weigh in motion market are incorporating technology for the development of trendy systems and equipment. The motive of this advancement is to increase the reach of these systems to a larger audience.
Weigh in Motion Market – Introduction
Weigh in motion (WIM) devices are specifically designed equipment to record the truck axle & gross vehicle weights as they drive over a measuring site or a sensor. The existing weigh in motion systems are witnessing an increasing traction over the conventional static weigh stations, as they don’t require the vehicle to stop, which make them a more efficient option. Numerous benefits of weigh in motion systems, such as reduced overload vehicles, easy access to busy parts of the city, reduced road deterioration and increased road safety, have fueled their adoption in recent years. These factors pushed the weigh in motion market to value roughly US$ 572 Million in 2018.
Weigh in Motion Market – Competitive Landscape
Established in 1892 & based in Vienna, Austria, the company is a subsidiary of KAPSCH-Group Beteiligungs GmbH. Kapsch TrafficCom AG provides intelligent transportation systems (ITS) globally, and operates across Intelligent Mobility Solutions and Electronic Toll Collection (ETC) segments.
Founded in 1980 and headquartered in Pins-Justaret, France, Sterela SAS operates through various sectors, including electronics, weigh in motion (WIM), robotics, aerospace test tools, and analysis of road traffic, smart parking management, and live-fire military training targets. The company serves customers worldwide.
Founded in 1959 & headquartered in Winterthur, Kistler Group is an internationally active Swiss group of companies that specializes in the field of measurement technology. The group manufactures, develops, and distributes torque, pressure, force, and acceleration sensors and software and electronics. Kistler holds expertise in piezoelectric & piezoresistive measurement technology.
Founded in 1969 & based in Wattens, Austria, SWARCO has many plants in several parts of the world. The company through its subsidiaries, designs, manufactures, sells, installs, & maintains products and systems for traffic management & road safety applications across Austria and internationally.
International Road Dynamics Inc.
Established in 1980 & headquartered in Saskatoon, Canada, International Road Dynamics Inc. operates as a highway traffic management technology company worldwide. The product offerings of this company include automated truck weigh station systems, toll road equipment and systems, advanced traffic safety systems, vehicle & axle detection equipment, among others.
Weigh in Motion Market Dynamics
Upward Demand for Advanced Traffic Congestion Solutions Underpinning Gains in Weigh in Motion Market
Growing concerns pertaining to increasing traffic congestion, traffic accidents, and deterioration of the environment caused by expanding population in line with rising car ownership have necessitated the adoption of advanced traffic congestion solutions. As weigh in motion equipment and systems provide highly flexible traffic monitoring options, and can classify vehicles and also determine their compliance with existing weight standards, their adoption is growing significantly.
New Trends in Weigh in Motion Market Creating Growth Opportunities for Stakeholders
The weigh in motion market is witnessing numerous significant trends, such as growing government creativity towards intelligent transportation infrastructure, rise in public-private partnerships (PPPS) and accelerating market for smart transportation. Consequently, companies operating in weigh in motion market are incorporating technology to develop in-trend equipment and systems to appeal to a wider target audience. With companies gravitating towards adoption of advanced technology in the manufacturing processes, the weigh in motion market is anticipated to witness positive changes in the forthcoming years.
High Adoption of Sensors Accelerating Weigh in Motion Market for Hardware
Growing adoption of image sensors for vehicle detection & identification coupled with rising demand for inductive loops in modern traffic signal control systems are driving weigh in motion market for hardware. Inductive loop is witnessing a proliferating demand for intelligent transportation system & weight enforcement applications as it complies with stringent vehicle flow error specifications, and provide high accuracy in vehicle counting. Furthermore, inductive loops are also being used in tandem with diverse sensor technologies, including cameras, for higher efficiency. These factors are driving the demand for sensors, which in turn is fueling growth in weigh in motion market for hardware.
Weigh in Motion Market Segmentation
Based on component, the weigh in motion market is segmented into:
Based on application, the weigh in motion market is segmented into:
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