The North America Weigh in Motion System Market size is expected to reach a valuation of USD 580.16 million by 2030, growing at a CAGR of 8.87% during the forecast period (2022–2030).
During the forecast period (2022–2030), the Weigh in Motion System market is expected to increase at a CAGR of 9%. The weigh-in-motion system is made up of software and hardware components that are used to measure and record the weight of moving vehicles. Road traffic administrators and regulators, bridge designers, control agencies, and research organisations used weigh-in-motion systems to acquire gross weight information and trustworthy axle weight information from moving vehicles. PR Clyde Lee pioneered weigh-in-motion in 1950 in Texas. The Weigh in Motion method is primarily used to determine vehicle characteristics including gross vehicle weight (GVW), speed, axle weight, and axle spacing. It aids in the enhancement of roadway safety, the reduction of accident risk, and the prevention of road surface degradation. Weight-based toll collection is also done with the Weigh in Motion technology. The demand for Weigh in Motion systems is predicted to rise in the forecast period due to rising commercial transportation requirements.
With revenue of USD 270 million in 2021, North America is the second largest contributor to the weigh-in-motion market. North America is investing in smart city projects, which will lead to smart mobility and lucrative growth potential for the weigh-in-motion market.
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By 2030, the North America Weigh in Motion System Market is estimated to be worth USD 580.16 million, growing at a CAGR of 8.87 percent over the forecast period (2022–2030). North America is the second largest contributor to the weigh-in-motion industry, with revenue of USD 270 million in 2021. North America is investing in smart city projects, which will result in smart transportation and profitable growth opportunities for the weigh-in-motion market.
With increased technological innovation in road transportation, the United States development in this region is ascribed to an increase in the implementation of this system in road infrastructure. In 2021, the United States market revenue was estimated to be USD 165 million. There are around 110 permanent WIM stations in California, approximately 16 permanent WIM stations in North Dakota, and approximately 6 permanent WIM stations in Nevada. Congestion costs in the United States have been rising at an annual rate of 8%, according to the data.
Strict government restrictions and growing concerns about road safety and management, overload vehicle detection, cost reduction, and other factors will drive industry growth in Canada. The market value of SCRs has increased as demand for their use in diesel engines has grown. The expansion of the automobile sector, particularly in Canada, has led in the expansion of the country's market.
Vehicle speed, type, end-use industry, component, sensor type, and application are all used to categorise the North America weigh in motion system market share.
The low-speed weigh-in-motion system is the largest shareholder in the region’s weigh-in-motion system market, based on vehicle speed. The low-speed weigh-in action is primarily used to gather axle weights on-the-spot in order to assure over-the-road compliance. This technology offers a number of benefits, including decreased purchase and maintenance costs. Low-speed weigh-in-motion is also used in a variety of industries, including agriculture, logistics, mining, and others, all of which are predicted to increase demand for low-speed weigh-in-motion.
The weigh-in-motion systems market is divided into three types: weigh bridge systems, inroad systems, and onboard systems. In 2021, the top market share holder was Weigh Bridge. These frameworks can be automated and are applicable to all businesses, from waste management to development, with the benefits of lower operating costs and increased work proficiency. Integration of IoT with weigh bridges has numerous benefits, including a completely automated system in which a vehicle driver can conduct weight measurements without assistance. In addition, secure vehicle identification, live data monitoring, and automatic traffic control signals, which allow traffic flow regulation, are all advantages of IoT integration. The market is growing as a result of these developments in the weighbridge system.
Highway toll has the largest market share by end-use industry, with great revenue generation. The requirement to identify overloaded vehicles at toll plazas is the primary driver of demand for weigh-in-motion in the highway toll sector.
The component's major market contributor is software and services. By 2030, this category is expected to produce USD 1201 million and expand at a 9 percent CAGR.
Growing at a significant rate, the piezoelectric sensor has the largest market share by sensor type. Piezoelectric sensors are more compact and have a simpler design than other technologies. Other benefits include a shallower road installation depth and a larger measuring range. Because of these benefits over other sensors, piezoelectric sensors are becoming more popular in weigh-in-motion applications all around the world.
The greatest market holder is application-based weight-based toll collecting. Instant check for road-legal weight, fully automated weighing process, number of vehicles weighing without disrupting traffic, daily reporting measures of vehicle productivity, automatic data collection and storage of the vehicle, and axle weight, gross weight, and axle count record are the factors driving the weigh-in-motion for weight-based toll collection.