Weigh in Motion Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028
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:
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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