Weigh in Motion Market

Kapsch TrafficCom (Austria) and Q-Free (Norway) are the Top 2 Players in the Weigh in Motion Market

The weigh in motion market is driven by several factors, such as increasing government initiatives toward intelligent transportation infrastructure, and growing need for advanced traffic congestion solutions and real-time information systems. The weigh in motion market is likely to grow from USD 572.2 Million in 2018 to USD 875.7 Million by 2023, at a CAGR of 8.88% during the forecast period.

Countries such as Japan, China, and Australia in APAC have started using weigh-in-motion systems for several purposes, such as resolving weigh enforcement and traffic congestion, and toll automation, vehicle detection, traffic control, and traffic management. The market in APAC has high growth potential. The demand for weigh in motion in APAC is significantly driven by rapid urbanization and growing market for ITS and smart transportation.

Some of the major players operating in the weigh in motion market are Kapsch TrafficCom (Austria), Q-Free (Norway), International Road Dynamics (Canada), Kistler Group (Switzerland), and SWARCO (Austria).

Top 2 players in weigh in motion market

Kapsch TrafficCom is one of the leading providers of products related to weigh in motion and traffic management. It is focused on collaborating with various governments and regional authorities to provide traffic solutions for road transportation, parking issues, V2X communication, road safety, and traffic management, among others. Kapsch TrafficCom is a well-known brand in the European market and also has many opportunities in APAC countries such as Australia, Japan, China, and India. The company is continuously expanding its horizon by signing new contracts, opening new subsidiaries and business units, and acquiring other companies. In April 2016, Kapsch TrafficCom announced the closing of the acquisition of Schneider Electric’s (France) transportation business. With the acquisition of Schneider Electric’s transportation business (KTT), Kapsch TrafficCom expanded its network of R&D centers. The company is expected to focus more on inorganic growth strategies to further tap the weigh in motion market during the forecast period.

Q-Free offers a wide range of products and services in the area of ITS. It is one of the major market players offering DSRC, ALPR, and GNSS/GPS-based technologies. Q-Free offers solutions in various segments, such as Tolling, Parking, Infomobility, Urban, Interurban, and Homeland Security. Products manufactured by the company are used in various areas, such as ETC, congestion charging, truck tolling, road financing, parking control, and law enforcement. Q-Free has its major footprint in Europe; it also has presence in the Americas, Australia, and Asia. The company is currently focusing on inorganic growth strategies to strengthen its foothold in the market. In line with this strategy, in September 2016, Q-Free signed a contract with DARS d.d. in Slovenia, where Q-Free and Slovenije are partners for the nationwide truck tolling project. The period of contract is ~10 years, with an option to extend the service and maintenance period for 3 years. Moreover, in January 2016, Q-Free Open Roads signed a tolling contract with Transcore (US). The contract is part of upgrade of the Central Florida Expressway Authority’s electronic toll collection system. The company is expected to continue to focus on inorganic growth strategies to sustain in the weigh in motion market during the forecast period.

Related Reports:

Weigh in Motion Market by Component (Hardware (Sensor and Controller), Software & Services), Application (Axle Counting, Weigh Enforcement, Weight-Based Toll Collecion, Vehicle Profiling, Traffic Data Collection), and Geography - Global Forecast to 2023

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Report Code
SE 5956
Published ON
Feb, 2018
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