Weigh-in-Motion System Market Size

Weigh-in-Motion System Market Future Prospects

The global weigh-in-motion system market will generate an estimated revenue of USD 1,566.1 million in 2024 and witness a CAGR of 10.3% during 2024–2030, to reach USD 2,812.6 million by 2030. This is attributed to the growing adoption of such systems for tolling based on the gross vehicle weight rating (GVWR) of trucks.

Moreover, the key benefits of this system include road safety, enhanced road management, overload vehicle detection, cost reduction, and traffic monitoring and analysis. Therefore, these systems are adopted by governments, local authorities, and transportation departments to ensure that roads are safe, via the continuous traffic monitoring, data recording, and law enforcement.

The governments of various countries are implementing stringent road safety regulations to prevent accidents and collateral damage due to over-speeding and overloading. In particular, developing countries need to implement the latest versions of the United Nations’ legal instruments on road safety, as they reflect additions and updates to the international rules and requirements for road transportation.

Furthermore, the usage of such systems in rail transportation for imbalance and overload monitoring and management, maintenance planning, legislation implementation, and regulation adherence is a key driver for the market. Furthermore, the growing number of collaborations and partnerships between the public and private players, the increasing issue of traffic jams at toll plazas, and rising focus on intelligent transportation systems fuel the weigh-in-motion system market advance.

The growing requirement for capturing and recording the number of truck axles and gross vehicle weight is driving the market growth. This need arises due to the increasing incidence of truck operators overloading their vehicles to improve profits Additionally, the governments of many countries are implementing many regulations and standards for weight enforcement, which is further driving the demand for weigh-in-motion systems.