Global Transport E-toll market, By Technology (RFID,DSRC, Others), Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, Transaction Processing), Offering (Hardware, Back Office, Other Services), Toll Charging (Distance Based, Point Based, Time Based, Perimeter Based), Application (Highways, Urban Areas), System (Transponder , Other Toll Collection Systems), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Transport E-Toll Market
Transport E-toll market will reach at an estimated value of USD 18.12 billion by 2028 and grow at a CAGR of 10.20% in the forecast period of 2021 to 2028. Rise in the development of smart transportation systems acts as an essential factor driving the transport E-toll market.
Electronic toll collection (ETC) is defined as a wireless system to automatically collect the usage fee or toll charged to vehicles using toll HOV lanes, roads, toll bridges, and toll tunnels. It is a faster alternative that is replacing toll booths, where vehicles must stop and the driver manually pays the toll with cash or a card.
Rise in the demand for effective traffic management at toll collection center is a crucial factor accelerating the market growth, also increase in the cashless travelling and increase in the reduced environmental pollution are the major factors among others boosting the transport E-toll market. Moreover, increase in the adoption of ETC system in the developing regions and rise in the stringent government regulations regarding toll collection will further create new opportunities for transport E-toll market in the forecast period mentioned above.
However, high initial installation and operational cost of electronic toll collection system acts as the major factor among others restraining the market growth, and will further challenge the transport E-toll market in the forecast period mentioned above.
This transport E-toll market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on transport E-toll market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Transport E-Toll Market Scope and Market Size
Transport E-toll market is segmented on the basis of technology, subsystem, offering, toll charging, application and system. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, transport E-toll market is segmented into RFID,DSRC and others.
- Based on subsystem, the transport E-toll market is segmented into automated vehicle identification, automated vehicle classification, violation enforcement system and transaction processing.
- Based on offering, the transport E-toll market is segmented into hardware, back office and other services.
- Based on toll charging, the transport E-toll market is segmented into distance based, point based, time based and perimeter based.
- Based on application, the transport E-toll market is segmented into highways and urban areas.
- The transport E-toll market is also segmented on the basis of system into transponder and other toll collection systems.
Transport E-Toll Market Scope Country Level Analysis
Transport E-toll market is analysed and market size, volume information is provided by country, technology, subsystem, offering, toll charging, application and system as referenced above.
The countries covered in the transport E-toll market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the transport E-toll market due to rise in the rapid urbanization, increase in the cashless travelling and increase in the reduced environmental pollution in this region.
The country section of the transport E-toll market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Transport E-Toll Market Share Analysis
Transport E-toll market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to transport E-toll market.
The major players covered in transport E-toll market report are Xerox Corporation, TransCore, Intelligent Transpotation Systems (India) Pvt. Ltd., EFKON GmbH, Honeywell International Inc., Thales Group, Conduent Business Services, LLC, Toshiba Corporation, Mitsubishi Heavy Industries Machinery Systems, Ltd., Verra Mobility, FEIG ELECTRONIC GmbH, International Road Dynamics Inc., Atlantia S.p.A., Tecsidel, S.A., Siemens AG, Cubic Corporation, Kapsch TrafficCom, Perceptics, LLC, Jenoptik AG, ARH Inc., Kent- QuaLiX, Electronic Transaction Consultants, LLC and Q-Free ASA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.