Weight In Motion System Market – Global Industry Analysis, Size, Share, Growth & Forecast (2022-2030)

Report Description

The weight in motion system market is expected to grow at a strong CAGR of around 10% during the forecast period.

Overweight vehicles are very dangerous for road structures, trucks with axle loads higher than the legal limit cause enormous damage to the infrastructure, which is generally accepted to be proportional to the 4^th power of the axle weight ie. Doubling the axle weight causes a 16-fold increase in damage to the road infrastructure. Weight-in-motion systems are designed to capture and record axle weight and gross vehicle weight as the vehicle drives over the measurement site, and unlike older static weigh stations, WIM systems are capable of measuring at normal traffic speeds and do not require the vehicle to stop or drive at low speed making them much more efficient hence, WIM system not only offers the potential for the enforcement agency to significantly increase the number of truck checks but also enables a free flow for nonoverloaded vehicles. Furthermore, a combination of WIM with ICT(Information and communication technologies) has expanded the use case of WIM systems such as digital imaging, vehicle identification, and the use of various databases hence has a very important role to play in the development of smart cities and intelligent transport systems. For instance, as of 2015 in the city of Prague, there are currently, 8  centrally operated WIM stations installed with 17 monitored traffic lanes. The goal is to monitor all roads entering the city to prevent damage caused by overloaded vehicles.  

Some of the major players operating in the market include Axle Weight Technology Ltd; APM PRO sp. z o. o; BETAMONT; CAMEA, spol. s r. o.; Dynaweigh GmbH; General Electrodynamics Corp.; Intercomp; ECM FRANCE; METTLER TOLEDO; Mikros Systems (Pty) Ltd

Insights Presented in the Report

“Amongst end-use industry, Roadways has the maximum application for the WIMs system”

Based on the end-user industry, the market is segmented into Roadways, Railways, Ports and Logistics, and the Aviation industry. Among these roadways industry provides the majority of the market for the WIM system and is also expected to grow at a significant CAGR, owing to reasons like, WIM systems are used to enforce weight regulations on roadways. Overloaded vehicles can cause damage to roads and bridges, leading to increased maintenance costs and safety concerns. WIM systems help authorities monitor the weight of vehicles in real-time, ensuring that they comply with weight restrictions, additionally, Overloaded vehicles can also pose a significant risk to road safety. They may be more difficult to control, and their braking distance may be longer than expected. By using WIM systems, authorities can ensure that only properly loaded vehicles are allowed on the road, reducing the risk of accidents. Moreover, WIM systems are a cost-effective solution for monitoring vehicle weights. They are less expensive than other methods of weight monitoring, such as weighbridges, and can be easily integrated into existing roadway infrastructure. For instance, In the United States, the Federal Highway Administration (FHWA) has been promoting the use of WIM systems since the 1990s. As of 2019, there were over 200 WIM systems installed across the country, with more being added each year. These systems are used to monitor overweight vehicles, enforce weight limits, and collect tolls on highways and bridges

Weight in Motion System Market Report Coverage

 “Europe dominated the weight in motion system market in 2021.”

The weight in motion system market in the European region held the largest market share and is expected to maintain its growth throughout the forecast period. There have been considerable developments in the Weight in motion industry in Europe in recent years. On the hardware front, there have been improvements made to the WIM sensor’s durability whereas on the software front, there has been the development of new calculation algorithms for multiple sensors (MS-WIM) and bridge WIM(B-WIM), and this has resulted in the wider application of WIM for enforcements of overloading. Moreover, WIM systems can also be used for traffic management. By monitoring the weight and speed of vehicles on a roadway, authorities can better understand traffic patterns and make adjustments as necessary. This can help reduce congestion and improve safety on the roadways. Additionally, WIM systems are also used extensively for toll collections on highways and bridges in the European Union.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global weight in motion system market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Weight in Motion System Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global weight in motion system market were the three major steps undertaken to create and analyze the adoption of weight in motion systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global weight-in-motion system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the weight in motion system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the weight in motion system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report by speed, by installation, by technology, by application, by end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the weight in motion system market. Further, we conducted factor analysis using dependent and independent variables such as speed, by installation, by technology, by application, by end user of the weight in motion system market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the weight-in-motion system market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global weight in motion system market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the weight in motion system market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global weight in motion system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global weight in motion system market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of speed, installation, technology, application, and by the end user in the global weight-in-motion system market.

The main objective of the Global Weight in Motion System Market Study

The current & future market trends of the global weight in motion system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the weight-in-motion system market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of speed, installation, technology, application, and the end user.
• Define and analysis of the regulatory framework for the weight in motion system industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the weight-in-motion system market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the weight in motion system market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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