Weighing In Motion Devices Market Size By Type, By Vehicle Speed, By End-User, By Geographic Scope And Forecast


Posted May 26, 2020 by jennysmith

Weighing in Motion Devices Market was valued at USD 867.35 Million in 2019 and is projected to reach USD 1,614.94 Million by 2027, growing at a CAGR of 8.1% from 2020 to 2027.

 
Weighing in Motion Devices Market Size And Forecast
According to Verified Market Research, the Global Weighing in Motion Devices Market was valued at USD 867.35 Million in 2019 and is projected to reach USD 1,614.94 Million by 2027, growing at a CAGR of 8.1% from 2020 to 2027.

What is Weighing in Motion Devices?
The Weighing in Motion (WIM) Devices is used to record and capture the vehicle’s characteristics that include the total vehicle weights, axle weights, axle spacing, and speed of the vehicle over sensors installed. The sensors, generally used in the system are piezo-electric or quartz sensors. These devices are used to enhance the road safety and management, traffic monitoring and analysis. It extensively finds its application in weight-based toll collection weighs enforcement, on the vehicle, road, and railway tracks to store and facilitates the data from the traffic flow.

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Global Weighing in Motion Devices Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The Weighing in Motion Devices Market is witnessing tremendous growth owing to the growing government initiatives and shift in focus towards the intelligent transportation system. In addition, the increasing collaboration in public-private models is another factor propelling the growth of the market. Moreover, the rises in the congestion of traffic and cost effectivity are some other factors imposing a positive outlook on the growth of the market. However, the issues related to the lack of standardization and uniform technologies are expected to restrict the growth of the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Weighing in Motion Devices Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Weighing in Motion Devices Market Competitive Landscape
The “Global Weighing in Motion Devices Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Q-Free, Kistler, TransCore (Roper Technologies), Avery Weigh-Tronix, Kapsch TrafficCom, METTLER TOLEDO, TE Connectivity, International Road Dynamics Axis Communications and EFKON. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Weighing in Motion Devices Market, By Type
• In-road
• Bridge Weigh
• Onboard

Weighing in Motion Devices Market, By Vehicle Speed
• High-Speed
• Low-Speed

Weighing in Motion Devices Market, By End-User
• Bridge Weigh
• In-road
• Onboard
• Others

Weighing in Motion Devices Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Issued By vmr
Country United States
Categories Business
Tags weighing in motion devices market
Last Updated May 26, 2020