The Global Weigh-In-Motion System Market size was estimated at USD 1,034.23 million in 2022 and expected to reach USD 1,139.78 million in 2023, projecting growth at a CAGR of 11.10% to reach USD 2,400.83 million by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19:

The coronavirus pandemic has had a huge economic impact on many businesses around the world. The transportation industry has been heavily affected by the pandemic, as many trucking companies have had to downsize or close their doors due to a lack of demand for goods. Weigh-in motion systems are an effective way to help mitigate some of these losses by ensuring that trucks remain within legal limits when it comes to weight capacity. This allows trucking companies to maximize their efficiency and profits while also reducing any potential damage caused by overloading vehicles on roads.

Cumulative Impact of Russia-Ukraine Conflict:

The ongoing conflict between Russia and Ukraine has had a significant impact on trade between countries in this region. Many European countries have implemented sanctions against Russia, which has resulted in an increase in tariffs for goods exported from this region. As a result, trucking companies have faced increased costs due to the additional taxes imposed on goods crossing borders. Weigh-in motion systems can help ensure that trucks remain within legal limits when crossing borders, thus helping reduce any additional costs associated with excessive weight capacity violations.

Cumulative Impact of High Inflation:

High inflation rates have led to rising prices across many sectors, including transportation services. Trucking companies have seen an increase in their operating costs due to higher fuel prices and other factors such as wages and repair costs for vehicles. By using weigh-in-motion systems, these companies can more accurately measure weight capacity so that they are not overloading vehicles or exceeding legal limits for specific routes, which would result in additional financial losses due to fines or penalties imposed by law enforcement agencies or other regulatory bodies. Additionally, these systems can help reduce wear and tear on roads due to excessive loads leading to fewer road closures or repairs needed due to damage caused by overloaded trucks.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global Weigh-In-Motion System Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Exponential rise in road freight traffic and need for highway and bridge infrastructure protection
    • Government inclination toward traffic management systems and automated license plate recognition
    • Use of the weighing-in-motion wireless system for sustainable railway transport
  • Restraints
    • Limitations associated with the system effectiveness and accuracy
  • Opportunities
    • Emergence of intelligent weigh-in-motion systems and advancements in strip sensors
    • Growing public and private investments in smart city development
  • Challenges
    • Stringent standards and requirements for weigh-in-motion systems

Market Segmentation & Coverage:

    This research report categorizes the Global Weigh-In-Motion System Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Component, the market is studied across Hardware and Software & Services. The Hardware is further studied across Control & Measurement Systems, Processing & Reporting Systems, Sensor Array, and Support Devices & Infrastructure.
  • Based on Technology, the market is studied across Bending Plate, Load Cell, Piezoelectric Sensor, and Strain Gauge Strip.
  • Based on Vehicle Speed, the market is studied across High Speed (>15 km/hr) and Low Speed (<15 Km/hr).
  • Based on Installation, the market is studied across Onboard System, Pavement/In-road System, and Weighbridge System.
  • Based on Function, the market is studied across Axle Counting, Traffic Data Collection, Vehicle Profiling, Weight Enforcement, and Weight-Based Toll Collection.
  • Based on End User, the market is studied across Agriculture, Aviation, Oil & Refinery, Ports & Logistic Hubs, Process Industries, Railways, and Roadwavs.
  • Based on Region, the 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.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Weigh-In-Motion System Market, including Ashbee Systems Ltd., Avery Weigh – Tronix, LLC, Axis Communications, CAMEA, spol. s r.o., Cardinal Scale Manufacturing Company, CROSS Zl?n, a.s., Eessae Digitronic, EFKON GmbH, Imagic Solution, Intercomp Company, International Road Dynamics Inc., Kapsch TrafficCom AG, Kemek Ltd., Kistler Group, LeddarTech Inc., Mettler Toledo, Q-Free ASA, Roadsys Inc., SEA Company, Sensys Networks Inc., SICK AG, SWARCO AG, TE Connectivity, Traffic Data Systems GmbH, and Transcore.

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global Weigh-In-Motion System Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Weigh-In-Motion System Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Weigh-In-Motion System Market?
  • What is the competitive strategic window for opportunities in the Global Weigh-In-Motion System Market?
  • What are the technology trends and regulatory frameworks in the Global Weigh-In-Motion System Market?
  • What is the market share of the leading vendors in the Global Weigh-In-Motion System Market?
  • What modes and strategic moves are considered suitable for entering the Global Weigh-In-Motion System Market?