Weigh-In-Motion System Market by Type (Weigh Bridge System, In-Road System, and Onboard System), End Use Industry (Oil and Refinery, Highway Tolls, Logistics, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Weigh-in-motions devices are designed to measure and record data such as weight, speed, length, and width of the vehicle. In comparison to traditional static weight scale, it has advantages like reduction in operation time and cost of the whole weighing process.

 Weigh-In-Motion System Market, Analysis:

The weigh-in-motion (WIM) system market is predicted to witness a notable growth due to   the increasing demand towards smart transportation for highway commute of heavy-duty vehicles and this is expected to grow the market in the forecast period. The overloaded heavy-duty vehicles can lead to damage of road infrastructure, weigh in motion system helps in blocking the overloaded heavy-duty vehicles from using certain roads to reduce the deterioration of the roads. It works according to the load bearing capacity of the road.

The surging problem of traffic congestion is driving the growth of the weigh-in-motion system market.

Along with the increasing number of vehicles globally, the problem of traffic congestion is also increasing. Roads with increasing heavy duty vehicle traffic are more vulnerable to damage than other roads. Moreover, roads with higher number of heavy-duty vehicles require repairing and maintenance on frequent basis as compared to other roads. Weigh in motion system calculates the vehicle weight accurately and takes off the overloaded heavy-duty vehicle which can damage the structure of the road. These factors are expected to drive the global weigh in motion systems market.

Excessive implementation costs can restrain the growth of the weigh-in-motion system market

There are variety of sensors such as speed sensors, weight sensors, and others that are used in weigh in motion systems which are costly in nature. In addition to this, there is a lack of standardization in weighing systems across the world due to different vendor and suppliers of equipment involved. Therefore, factors such as excessive implementation cost and lack of standardization can hamper the growth of the weigh-in-motion systems market. 

Onboard weigh-in-motion systems are projected to create major investment opportunities in the field of weigh-in-motion systems market

Onboard weigh-in-motion systems are fitted in the vehicles instead of the ground and this transfers the calculated data regarding weight and speed of the vehicle to the receiving station. As these systems are installed in the vehicles hence, it reduces the infrastructure cost required for steady on ground weigh-in-motion systems. Therefore, the growing trend of onboard weigh-in-motion systems is expected to create new opportunities for this market in the forecast period.

Weigh-In-Motion System Market, by Type:

Onboard weigh-in-motion systems sub-segment is estimated to grow at the highest rate during the forecast period

On the basis of type, weigh-in-motion system market is sub-segmented into weigh bridge system, in-road system and onboard system. Onboard weigh-in-motion systems are installed in the vehicles instead of the ground and transfer the calculated data related to weight and speed of the vehicle. Onboard weigh-in-motion systems eliminate the cost of infrastructure as compared to normal weigh-in-motion systems. The cost of onboard weigh-in-motion systems is lesser than that of in-road systems. Factors such as cost effectiveness and easy handling are expected to grow the demand of onboard weigh-in-motion systems in the forecast period.

Weigh-In-Motion System Market, by End Use Industry:

Highway toll are projected to hold a major market share in this market.

On the basis of end use, the industry of weigh-in-motion system market is sub-segmented in to oil and refinery, highway tolls, logistics, and others. The congestion due to heavy duty vehicles on the highway is rising hence, weigh-in-motion systems are installed on highway tolls as they detect overweight vehicles as well as they reduce the congestion without disturbing the traffic flow. In addition, weigh-in-motion systems are utilized for profiling of vehicles, collection of traffic data, and others. Highway toll sub-segment is expected to dominate the market in terms of end use industry. These factors are expected to grow the weigh-in-motion systems market.

Regional Insights:

Europe is expected to dominate the weigh-in-motion systems market in the forecast period

Europe is expected to dominate the weigh-in-motion systems market in the forecast period. Due to the effective regulatory framework and guidelines in the field of weighing system’s, in addition to that government initiatives such as the ‘Weigh in motion of Axles and Vehicles for Europe (WAVE)’ project launched in 1990's by ‘European commission’ with an objective of improving and developing the methods of measurement of dynamic loads applied on the road by heavy duty vehicles. The program includes establishment of standards of measurement, data collection and analysis of vehicles, and others. The presence of established standards and protocols regarding the weigh-in-motion systems is expected to boost the market of the region in the forecast period.

Asia- Pacific region is expected to be lucrative in global weigh-in-motion system market during the forecast period

Asia-Pacific region is one of the fastest growing regions in the weigh-in-motion systems. Countries such as the China and India are the top two most populated countries in the world and have large number of vehicles. The rising demand regarding implementation of smart transportation systems due to growing traffic congestion problems in highways by heavy duty vehicles is expected to propel the market growth in the region.

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Key Participants in Global Weigh-In-Motion System Market:

Merger & acquisition and advanced product development are the common strategies followed by the market players.

Source: Research Dive Analysis

Some of the significant weigh-in-motion system market players are International Road Dynamics Inc., Kapsch TrafficCom AG, Inc., SWARCO AG, Kistler Group., FLIR Systems, Inc., TE Connectivity., Axis Communications AB., Raytheon Company., Siemens Ltd., Sensys Networks, Inc.

Market players prefer inorganic growth strategies to expand into local markets.  weigh-in-motion system market players are emphasizing more on merger & acquisition and advanced product development. These are the common strategies followed by established organizations.