USD 2.64 billion
Automotive Weigh In Motion Market Size, Share, Growth Analysis, By Sensor(Piezoelectric Sensor (including quartz sensor), Bending Plate, Single Load Cell, Others), By Installation Techniques(In-road system, Weighbridge systems, On board weighing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2124 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
64
|Figures:
75
Automotive Weigh In Motion Market Insights
Automotive Weigh In Motion Market size was valued at USD 2.83 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 5.29 billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).
The rapidly expanding logistics and transportation industries are projected to primarily augment the demand for automotive weigh in motion over the coming years. Surging demand for innovative solutions for weighing vehicles to ensure compliance with road safety norms is projected to boost automotive weigh in motion system sales going forward. Weigh-in-motion systems allow authorities to check the weight of a vehicle even in motion to avoid stopping and improve the efficiency of this process.
Rising focus on the enforcement of proper weight regulation enforcement to avoid accidents and improve road safety of commercial vehicles is estimated to favor automotive weigh in motion market growth. High incidence of overloaded trucks causing accidents and road damage has led to increased demand for better enforcement of weight management norms.
Weigh-in-motion systems reduce the traffic congestion caused by stationary weighing checkpoints and the growing traffic load on highways is pushing the demand for automotive weigh in motion. Reduced delays of cargo are also an added benefit that promotes the deployment of automotive weigh in motion systems. Growing integration of advanced analytics technologies and advanced weighing sensors is resulting in the creation of more accurate and precise automotive weigh in motion solutions. The rising focus on sustainability has resulted in high demand for the reduction of vehicle emissions, which is also slated to impact automotive weigh in motion market growth.
High focus on infrastructure preservation, road safety, emission reduction, and efficient traffic management, the automotive weigh-in-motion market is expected to continue its growth trajectory across the forecast period.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Piezoelectric Sensor
Fastest Growth
Piezoelectric Sensor
Growth Rate
7.2% CAGR
Global Automotive Weigh In Motion Market ($ Bn)
Country Share for North America Region (%)
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Automotive Weigh In Motion Market Segmental Analysis
The automotive weigh in motion market is segmented by sensor, installation techniques, application, speed, and region. On the basis of sensor, the market is segmented into piezoelectric sensor (including quartz sensor), bending plate, single load cell, and Others. Based on installation techniques the market can be divided into in-road systems, weight bridge systems, and on board weighing (OBW). On the basis of application, the market is segmented into traffic data collection, weight enforcement, weight based tolling, bridge protection, industrial truck weighing. In terms of speed, the market is segmented into slow speed compliance (0 km/h to 15 km/h) and high-speed enforcement. On a regional level, the market is bifurcated into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis By Sensor
Piezoelectric sensors currently account for a dominant share of the global automotive weigh in motion marketplace. Their dominance can directly be linked to their characteristic properties of durability and their ability to capture precise weight measurements. Piezoelectric sensors are commonly integrated into roadway surfaces as they convert mechanical pressure into electrical signals to capture weight data that can be used for the enforcement of weight management laws around the world.
The bending plate segment is emerging as the fastest-growing segment in the automotive weigh-in-motion market. Bending plate sensors are highly cost-effective and easy to install as compared to other sensors, which is why their demand is projected to surge on a global level. Bending plates just deflect when they are under load and generate an electrical signal that corresponds to that load. Increasing demand for affordable and cost-effective automotive weigh in motion systems in developing economies around the world is slated to boost demand in this segment over the coming years.
Analysis By Installation Techniques
In-road installation of automotive weigh in motion systems accounts for a significant share of the global marketplace. They allow continuous monitoring of weight and real-time weight data to ensure strict compliance with weight management laws. Increasing integration of automotive weigh in motion systems directly into roads by governments is allowing this segment to account for a dominant share in the global marketplace. High efficiency of this type of installation is projected to contribute to its growing demand in the long run. Highway authorities are slated to opt for in-road installation of automotive weigh in motion going forward.
The on-board weighing (OBW) segment is projected to emerge as the fastest-growing segment in the marketplace. On-board weighing refers to weighing systems that are installed within the vehicle itself to enable real-time weight measuring during transit. The versatility of these systems is driving their popularity as they provide weight data not only to operators and authorities but to drivers as well. Increasing focus on road safety and vehicle weight compliance are slated to boost the adoption of on-board automotive weigh in motion systems.
Global Automotive Weigh In Motion Market By Sensor
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Automotive Weigh In Motion Market Regional Insights
A significant chunk of global automotive weigh in motion market value share comes from the North American region and this can be directly linked to the high adoption of weighing systems in the United States. The United States has a massive network of highways that connects the country and the deployment of automotive weigh in motion systems is crucial in this country to ensure road safety. High use of automotive weigh in motion systems by government agencies and top logistics companies in the country also allows it to account for a significant market share over the coming years. Growing emphasis on road safety is slated to create an opportune scenario for automotive weigh in motion companies in this region going forward.
Europe is the second-largest market when it comes to automotive weigh in motion owing to bustling logistics and transportation activity in this region. The high focus on sustainability and emission reduction in European countries is also projected to create a favorable environment for automotive weigh in motion market players in the future. Implementation of stringent weight regulations on commercial vehicles in this region also boosts market growth. Germany is slated to emerge as a highly opportune space for automotive weigh in motion providers in the European region in the long run. automotive weigh in motion companies should focus on Europe and North America if they want to make a mark in the global automotive weigh in motion marketplace.
Global Automotive Weigh In Motion Market By Geography
- Largest
- Fastest
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Automotive Weigh In Motion Market Dynamics
Drivers
Road Safety and Infrastructure Preservation
- High incidence of road accidents has led to the implementation of strict road safety mandates, which are creating a high demand for automotive weigh in motion systems. Increasing focus of the government on infrastructure preservation is also slated to benefit automotive weigh in motion market growth in the future.
Efficient Enforcement and Compliance
- Reliance on automotive weigh in motion technology is increasing as it allows efficient enforcement and compliance with weight management laws. Governments as well as logistics companies are opting for automotive weigh in motion systems and driving market growth to ensure strict compliance with weight limits.
Restraints
Maintenance and Calibration
- Automotive weigh in motion systems need to be regularly calibrated and maintained to ensure their accuracy and doing this could incur additional costs for users and also result in downtimes that could cause losses. Hence, downtime, maintenance, and calibration are key challenges that need to be addressed.
Compatibility with Various Vehicles
- Automotive weigh in motion systems should be capable of weighing any vehicle but this is not possible for different systems, which could prove to be a major constraint impeding automotive weigh in motion market growth in the long run.
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Automotive Weigh In Motion Market Competitive Landscape
Accuracy is projected to be the prime focus of all automotive weigh in motion companies operating in the global marketplace. Market players are forecasted to invest in the research and development of new automotive weigh in motion systems that are more accurate and equipped with advanced technologies and sensors to improve their efficiency. High focus on road safety and the implementation of different weight-related vehicle mandates are also predicted to augment demand for automotive weigh in motion systems in the long run. Expanding transportation and logistics industries are also estimated to open up new avenues of opportunities for automotive weigh in motion market players in the long run. Collaborations, partnerships, and acquisitions are also slated to emerge as popular strategies for automotive weigh in motion companies looking to expand their market share. Focus on providing advanced real-time data and integration of novel sensors will also influence automotive weigh in motion market growth in the future.
Top Player’s Company Profiles
- Kapsch TrafficCom
- Sensys Gatso Group
- Highway Information Systems, Inc.
- METTLER TOLEDO
- VITRONIC
- International Road Dynamics Inc. (IRD)
- TE Connectivity Ltd.
- Kistler Group
- Synercon Technologies
- TransCore
- Q-Free ASA
- EFKON AG
- Axis Communications AB
- EYE-TRONICS
- Avery Weigh-Tronix
- Trakblaze Pty. Ltd.
- STRATONICS
- Roadmetric
- Intercomp Company
- Key Solutions S.r.l.
Recent Developments
- In March 2023, TransCore, a renowned transportation solutions provider launched its new weigh in motion system for application in heavy-duty truck weighing stations.
- In April 2023, Roadtec, a company based in the United States, announced the acquisition of Weigh-Tronix, a specialized supplier of industrial weighing systems and machines.
- The European Commission in May 2023, announced that weigh in motion systems could be used to enforce weight limits of commercial trucks to improve road safety.
- In June 2023, in an effort to improve road safety and reduce accidents, the Indian government announced a plan to install novel automotive weigh in motion systems at all the major weighing stations in the country.
- In July 2023, The Chinese government announced the launch of a plan to install automotive weigh in motion systems across all major highways to enforce weight limits and improve road safety.
Automotive Weigh In Motion Key Market Trends
- Integration of Advanced Sensor Technology: Laser scanners and high-resolution cameras are being integrated with automotive weigh in motion systems to improve their efficiency and accuracy. Advancements in sensor technology are projected to offer attractive opportunities for automotive weigh in motion market players going forward.
- Cloud-Based Data Management: Integration of cloud-based solutions with automotive weigh in motion systems allows authorities to utilize the data in multiple ways and also enables real-time data analysis. Moreover, the increasing demand for cloud-based solutions in different industries will offer new opportunities.
Automotive Weigh In Motion Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the automotive weigh-in-motion (WIM) market is projected to be driven by increasing focus on the implementation of stringent road safety and vehicle emission regulations. High focus on infrastructure preservation, improving traffic management, and road safety are other prospects that are estimated to benefit automotive market growth over the coming years. However, compatibility with different vehicles and maintenance are projected to be key constraints that could limit automotive weigh in motion market growth potential in the long run. North America accounts for a sizable share of the automotive weigh in motion market owing to the presence of an established logistics industry and the high adoption of advanced technologies to enforce weight management. Integration of advanced sensors and technologies is predicted to be a key trend that all automotive weigh in motion companies should focus on going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.83 billion |
| Market size value in 2031 | USD 5.29 billion |
| Growth Rate | 7.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Weigh In Motion Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Weigh In Motion Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Weigh In Motion Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Weigh In Motion Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Weigh In Motion Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Weigh In Motion Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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