Market Overview:
The global ETC equipment market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ETC systems from various applications such as highways, parking lots, and other applications. North America is expected to hold the largest share of the global ETC equipment market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to rising adoption of advanced technologies and increasing demand for automated toll collection systems from countries such as China and India.
Product Definition:
ETC stands for "Electronic Toll Collection" and is a system that allows drivers to pay tolls without having to stop and open their windows. ETC equipment reads a transponder attached to the car's windshield, which transmits information about the toll payment. This system is important because it allows drivers to keep moving through toll lanes without stopping, which can speed up traffic flow.
RSU:
Remote Support Unit (RSU) is a device that allows technicians to access the operation of equipment in a remote location. It provides real-time monitoring and technical support for the smooth functioning of IT systems. The RSU acts as an interface between customer and service provider, helping customers to resolve their issues remotely without any hassles or expenses.
OBU:
The OBU (On-board Units) are the electronic components installed on the main electrical supply of an ETC equipment. They perform several functions such as monitoring and protection of critical parameters, controlling and automating processes, providing diagnostic information to support troubleshooting etc.
They also provide remote access to data for supporting business operations in a reliable manner.
Application Insights:
Highway application dominated the global ETC equipment market, accounting for a revenue share of over 40.0% in 2017. The segment is projected to witness significant growth on account of increasing demand for Electric Vehicles (EVs) in developed economies such as U.S., Germany and France among others which are characterized by high infrastructure spending and stringent regulations regarding reduction in vehicular emissions across various regions worldwide.
The other applications include railway stations, parking lots and others such as corporate offices, government buildings, shopping malls etcetera which are generally equipped with low-speed electric vehicles (LSEsVs). Growing awareness regarding the benefits associated with energy-efficient lighting solutions among consumers is expected to drive the demand for LED products thereby augmenting segment growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing road infrastructure spending in countries, such as China and India. For instance, according to a white paper on China's Road-based Industry released by the World Bank Group, around USD X trillion will be invested on roads up to 2020. Such investments are anticipated to drive demand for ETC equipment over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to increased adoption across several countries majorly Germany.
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising disposable income of consumers
- Proliferation of online retailing
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
ETC Equipment Market Research Report
By Type
RSU, OBU
By Application
Highway, Parking Lot, Other
By Companies
Vison-zenith, Wanji Technology, Genvict, Juli, Huaxin, Longzhou Group Co., Ltd, Beken, Haoyun Technologies, Vison-zenith
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global ETC Equipment Market Report Segments:
The global ETC Equipment market is segmented on the basis of:
Types
RSU, OBU
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Parking Lot, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vison-zenith
- Wanji Technology
- Genvict
- Juli
- Huaxin
- Longzhou Group Co., Ltd
- Beken
- Haoyun Technologies
- Vison-zenith
Highlights of The ETC Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RSU
- OBU
- By Application:
- Highway
- Parking Lot
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ETC Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ETC Equipment is a company that manufactures and sells mining equipment.
Some of the major players in the etc equipment market are Vison-zenith, Wanji Technology, Genvict, Juli, Huaxin, Longzhou Group Co., Ltd, Beken, Haoyun Technologies, Vison-zenith.
The etc equipment market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ETC Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ETC Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ETC Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ETC Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ETC Equipment Market Size & Forecast, 2018-2028
4.5.1 ETC Equipment Market Size and Y-o-Y Growth
4.5.2 ETC Equipment Market Absolute $ Opportunity
Chapter 5 Global ETC Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ETC Equipment Market Size Forecast by Type
5.2.1 RSU
5.2.2 OBU
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ETC Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ETC Equipment Market Size Forecast by Applications
6.2.1 Highway
6.2.2 Parking Lot
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ETC Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ETC Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ETC Equipment Analysis and Forecast
9.1 Introduction
9.2 North America ETC Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ETC Equipment Market Size Forecast by Type
9.6.1 RSU
9.6.2 OBU
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ETC Equipment Market Size Forecast by Applications
9.10.1 Highway
9.10.2 Parking Lot
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ETC Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe ETC Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ETC Equipment Market Size Forecast by Type
10.6.1 RSU
10.6.2 OBU
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ETC Equipment Market Size Forecast by Applications
10.10.1 Highway
10.10.2 Parking Lot
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ETC Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ETC Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ETC Equipment Market Size Forecast by Type
11.6.1 RSU
11.6.2 OBU
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ETC Equipment Market Size Forecast by Applications
11.10.1 Highway
11.10.2 Parking Lot
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ETC Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America ETC Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ETC Equipment Market Size Forecast by Type
12.6.1 RSU
12.6.2 OBU
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ETC Equipment Market Size Forecast by Applications
12.10.1 Highway
12.10.2 Parking Lot
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ETC Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ETC Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ETC Equipment Market Size Forecast by Type
13.6.1 RSU
13.6.2 OBU
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ETC Equipment Market Size Forecast by Applications
13.10.1 Highway
13.10.2 Parking Lot
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ETC Equipment Market: Competitive Dashboard
14.2 Global ETC Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vison-zenith
14.3.2 Wanji Technology
14.3.3 Genvict
14.3.4 Juli
14.3.5 Huaxin
14.3.6 Longzhou Group Co., Ltd
14.3.7 Beken
14.3.8 Haoyun Technologies
14.3.9 Vison-zenith
