Weigh-In-Motion (WIM) Market Outlook, Dynamics and Strategic Insights by 2031

MARKET OVERVIEW

Weigh in motion is referred to as a system which is measured for the axle loads of vehicles, while trucks pass over installed sensors. It is also known as weighing-in-motion (WIM) devices. It has a vehicle scales which provide gross weights without affecting the flow of traffic and a cost-effective means of measuring truck axle. It has various benefits such as it provides road safety, road management, overload vehicles enforcement, cost reduction, traffic monitoring and analysis.

MARKET SCOPE

The "Global Weigh-In-Motion (WIM) Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the weigh-in-motion (WIM) with detailed market segmentation by vehicle speed, type, end use industry, function, component, and sensor type and geography. The report provides key statistics on the market status of the leading luxury coach players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on vehicle speed, the global weigh-in-motion (WIM) is segmented into low-speed, and high-speed.
  
•   On the basis of type, the market is segmented in-road system, weigh bridge system, onboard system.
  
•   Based on end use industry, the market is bifurcated into logistics, oil and refinery, other.
  
•   On the basis of function, the market is vehicle profiling, axle counting, weight enforcement, weight-based toll collection, traffic data collection.
  
•   On the basis of component, the market is segmented hardware, software, and services.
  
•   On the basis of sensor type, the market is segmented image sensor, piezoelectric sensor, bending plate, inductive loop, magnetic sensor, acoustic sensor, infrared sensor, radar sensor, lidar sensor and thermal sensor.
  

MARKET DYNAMICS

Drivers:

•   Low cost and increasing traffic congestion Implementation of stringent emission regulations in North America
  
•   government regulations towards intelligent transportation growth in public-private partnership
  

Restraints

•   Lack of standardized and uniform technologies
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The weigh-in-motion (WIM) by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the weigh-in-motion (WIM) in these regions.

IMPACT OF COVID-19 ON WEIGH-IN-MOTION (WIM)

The demand for weigh-in-motion systems is completely dependent on the growth of the end-use industries like highway toll, oil & refinery, and logistics. The COVID-19 has impacted the end-use industries in 2021 and has decreased the revenue generation substantially all over the world. According to the International Energy Agency, the global demand for oil reduced from 90,000 barrels a day in 2021 to 99.9 million barrels a day in 2021. The high cost of installing weigh-in-motion systems, combined with the declining revenue generation by end-use industries, is expected to hinder the market growth of weigh-in-motion systems. However, vaccine rollouts, easing of lockdowns, resumption of economic and social activities supported by the strong traffic in 2021 are expected to propel the market.

MARKET PLAYERS

The report covers key developments in the weigh-in-motion (WIM) as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from weigh-in-motion (WIM) are anticipated to lucrative growth opportunities in the future with the rising demand for weigh-in-motion (WIM) in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the weigh-in-motion (WIM). In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Avery Weigh-Tronix
  
•   Axis Communications AB.
  
•   EFKON GmbH
  
•   International Road Dynamics Inc.
  
•   Kapsch
  
•   Kistler Group
  
•   METTLER TOLEDO
  
•   Q-Free
  
•   TE Connectivity
  
•   TransCore
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Weigh-In-Motion (WIM) Report Scope