According to a new report published by UnivDatos Markets Insights, the Weight in motion system market was valued at USD xx million in 2021 & is expected to grow at a CAGR of 10% from 2022-2030. The analysis has been segmented into Speed Type (Low Speed WIMs and High Speed WIMs), Installation Type (Road WIMs, Bridge WIMs, on-board WIMs, and Railway WIMs), Technology Type (Load Cell, Bending plate with Strain Gauge, and Piezoelectric sensor), Application Type (Pavement Engineering, Bridge Engineering, Weight Enforcement, Tolling by Weight, Traffic Data Collection, and Vehicle Profiling), End User Type(Roadways, Railways, Ports and Logistics, and Aviation), Region/Country.
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The weight in motion system market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the weight in the motion system market. The weight in motion system market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the weight in motion system market at the global and regional levels.
Key Market Opportunities
One of the most significant drivers for the use of WIM systems is the decrease in road surface deterioration caused by overloaded vehicles, particularly when the control system is inadequate. According to recent research, increasing the proportion of overloaded vehicles from 0% to 20% can decrease the fatigue life of asphalt pavement by up to 50%. However, increased enforcement against overloaded vehicles may result in the transfer of freight from overloaded vehicles to vehicles that comply with rules. However, because the damaging impact of an axle increases with the relative increase of its load to the power of four, it can be assumed that much less pavement damage occurs in this scenario. Another area in which Weigh-in-Motion demonstrates its worth is in enhancing truck safety. Overloaded trucks pose significant threats to road transportation operations, increasing risks to road users, deteriorating road safety, and impairing fair competition among transport modes and operators. Of course, there are serious consequences for the durability of infrastructure, such as pavements and bridges, which have an effect on overall road safety.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on various industries, including the weight in motion market. The weight in motion market is primarily used for traffic monitoring and is commonly found in transportation systems such as highways, airports, and seaports. With the onset of the pandemic, many countries implemented lockdowns and travel restrictions, which led to a decrease in traffic volume. As a result, the demand for weight in motion systems has been affected, leading to a decline in the market. Additionally, the pandemic has caused disruptions in supply chains and manufacturing, which has led to delays in the production and delivery of weight in motion systems. This has further impacted the market, as customers were unable to receive their orders on time.
Segmentation Details:
· By speed type, the market is bifurcated into low speed WIMs and high speed WIMs. Among these High speed WIMs segment holds the dominant share in the market in 2021.
· By Installation, the market is categorized into Road WIMs, Bridge WIMs, on-board WIMs, and Railway WIMs. The Road WIMs category is expected to grow with a high CAGR during the forecast period.
· Based on Technology, the market is segmented into Load cell, Bending plate with Strain gauge, and Piezoelectric sensors. The Piezoelectric segment held the dominant share of the market in 2021.
· Based on Application, the market is segmented into pavement engineering, bridge engineering, weight enforcement, tolling by weight, traffic data collection, and vehicle profiling. The weight enforcement and tolling by weight segment are expected to grow at a significant CAGR during the forecasted period.
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Weight In Motion System Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, Spain, France, Italy, Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
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. Owing to the increase in freight traffic and the free movement of goods across European borders is creating a very huge impact on the infrastructure, environment, and resources at times when the European Union is aiming to encourage more sustainable modes of transportation. Moreover, this road freight transport by overloaded trucks also is creating several numbers of serious problems in Europe’s Road network like unfair competition, reduced safety and mobility, and large additional costs for maintenance and repair of the roads and bridges, and all of this can be tackled by the installation of WIM systems, hence in as early as the 2000s need for European WIM related project was recognized by European enforcement authorities. For instance, in 2004 the DGTREN of the European Commission favored launching the REMOVE project and has an objective to present the EC with operational, legal, and technical requirements and a strategy for deployment of the WIM system for enforcement of overloading throughout the EU.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the weight in motion system market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
· On June 2022, According to a news release, Saskatoon, Saskatchewan–based International Road Dynamics has been awarded a USD 2.2 million contract in Idaho. The company will supply and install an eastbound mainline weigh-in-motion and electronic pre-clearance system at the new Idaho Transportation Department port of entry facility on Interstate 84 near Declo, Idaho.
· On February 2021, Kistler Group’s, 9835A Weigh In Motion system was recently awarded a second OIML certificate. This provides official confirmation that the system accurately measures overall weights and axle loads of trucks at speeds of up to 120 km/h (and even 140 km/h for vans). The performance was achieved using only two rows of Lineas sensors.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the weight in motion system market?
• Which factors are influencing the weight in motion system market over the forecast period?
• What are the global challenges, threats, and risks in the weight in motion system market?
• Which factors are propelling and restraining the weight in motion system market?
• What are the demanding global regions of the weight in motion system market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
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