Market Overview:
The global Vehicle Toll Collection and Access Systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced and efficient toll collection systems across the globe. The other factors that are driving the growth of this market include rising government initiatives for road infrastructure development, growing urbanization, and increasing adoption of electric vehicles. The mainline barrier tolls segment is expected to hold the largest share in terms of revenue in 2018, owing to its widespread adoption for toll collection across various applications such as bridges, roads, tunnels, mountain passes, and others. However, entry/exit tolls segment is projected to grow at a higher CAGR during the forecast period from 2018-2030 due its advantages such as reduced congestion at toll plazas and improved safety conditions.
Product Definition:
Vehicle toll collection and access systems are used to manage traffic flow and collect tolls from drivers. These systems can include cameras, sensors, and other devices that detect vehicles as they pass through a toll area. They can also include gate arms that open to allow vehicles through or close to prevent them from entering. These systems are important for managing traffic flow and collecting fees from drivers who use the roads or bridges.
Mainline Barrier Tolls:
Mainline barrier tolls are a new type of electronic tolling system that uses an RFID transponder in vehicles to record their passage over the toll barrier. The transponder is mounted on the inside of a vehicle's windshield or rear window and records data as the vehicle travels along the highway. This information is then transmitted to a nearby device, which tallies up the number of vehicles passing through and charges accordingly.
Entry/Exit Tolls:
Entry/exit tolls are charges that are levied at the border or entrance to a facility, and also when a vehicle leaves the facility. The charges vary according to the type of service. For instance, an entry toll would be charged for entering into a city while an exit toll would be charged for exiting from the same city.
Application Insights:
Based on application, the market has been segmented into bridges, road, tunnel, mountain pass and others. The bridge application segment dominated the global vehicle toll collection and access systems market in 2017 owing to increasing investments in infrastructure development across several countries. This is likely to boost demand over the forecast period.
The road application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rapid urbanization along with rising traffic problems caused due largely by lack of proper planning for transportation infrastructure development coupled with inadequate funding sources for such projects globally. This problem is anticipated to be solved through implementation of VTCAS at various levels along roadsides worldwide which will help drivers pay tolls while travelling without stopping their vehicles at barriers or gates throughout their journey thus making travel easier and more convenient thereby boosting demand over the forecast period significantly.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing government funding for road infrastructure development and maintenance. For instance, according to a white paper on Intermodal Surface Transportation Efficiency Act (ISTEA) by U.S.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from developing countries such as India and China among others due their rapidly growing economies along with expanding urban areas leading towards increased vehicular traffic volume thereby necessitating vehicle toll collection systems installation for effective traffic management purposes to ensure safety.
Growth Factors:
- Increasing demand for vehicle toll collection and access systems from the transportation sector to manage traffic congestion and improve safety.
- Proliferation of smart cities that are looking to deploy advanced transportation management systems, including vehicle toll collection and access systems.
- Growing demand for automated fare collection (AFC) systems in public transportations such as buses, trams, metros, etc., to streamline operations and reduce costs.
- Rising adoption of RFID technology in vehicle toll collection and access systems due to its advantages such as high accuracy rate and long read range.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Toll Collection and Access Systems Market Research Report
By Type
Mainline Barrier Tolls, Entry/Exit Tolls, Others
By Application
Bridges, Road, Tunnel, Mountain Pass, Others
By Companies
Schneider Electric, Feig Electronics, Siemens Electronic Trolling, Magnetic Autocontrol, TRMI, 3M, Mark IV Industries, Automatic Systems-IER Group, Stid Electronic Identification, TransCore, Magnetic Autocontrol, Nedap
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Toll Collection and Access Systems Market Report Segments:
The global Vehicle Toll Collection and Access Systems market is segmented on the basis of:
Types
Mainline Barrier Tolls, Entry/Exit Tolls, Others
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
Bridges, Road, Tunnel, Mountain Pass, Others
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:
- Schneider Electric
- Feig Electronics
- Siemens Electronic Trolling
- Magnetic Autocontrol
- TRMI
- 3M
- Mark IV Industries
- Automatic Systems-IER Group
- Stid Electronic Identification
- TransCore
- Magnetic Autocontrol
- Nedap
Highlights of The Vehicle Toll Collection and Access Systems 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:
- Mainline Barrier Tolls
- Entry/Exit Tolls
- Others
- By Application:
- Bridges
- Road
- Tunnel
- Mountain Pass
- Others
- 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 Vehicle Toll Collection and Access Systems 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.
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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?
Vehicle toll collection and access systems are a type of electronic payment system that allow drivers to pay for transportation using an electronic device such as a smartphone or computer. The systems use technology to detect when a vehicle is passing through an automated toll gate, and then deducts the appropriate amount from the driver's account.
Some of the major players in the vehicle toll collection and access systems market are Schneider Electric, Feig Electronics, Siemens Electronic Trolling, Magnetic Autocontrol, TRMI, 3M, Mark IV Industries, Automatic Systems-IER Group, Stid Electronic Identification, TransCore, Magnetic Autocontrol, Nedap.
The vehicle toll collection and access systems market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Toll Collection and Access Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vehicle Toll Collection and Access Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Toll Collection and Access Systems Market - Supply Chain
4.5. Global Vehicle Toll Collection and Access Systems Market Forecast
4.5.1. Vehicle Toll Collection and Access Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Toll Collection and Access Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Toll Collection and Access Systems Market Absolute $ Opportunity
5. Global Vehicle Toll Collection and Access Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
5.3.1. Mainline Barrier Tolls
5.3.2. Entry/Exit Tolls
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Toll Collection and Access Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
6.3.1. Bridges
6.3.2. Road
6.3.3. Tunnel
6.3.4. Mountain Pass
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Toll Collection and Access Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vehicle Toll Collection and Access Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vehicle Toll Collection and Access Systems Demand Share Forecast, 2019-2026
9. North America Vehicle Toll Collection and Access Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
9.4.1. Bridges
9.4.2. Road
9.4.3. Tunnel
9.4.4. Mountain Pass
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
9.7.1. Mainline Barrier Tolls
9.7.2. Entry/Exit Tolls
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vehicle Toll Collection and Access Systems Demand Share Forecast, 2019-2026
10. Latin America Vehicle Toll Collection and Access Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
10.4.1. Bridges
10.4.2. Road
10.4.3. Tunnel
10.4.4. Mountain Pass
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
10.7.1. Mainline Barrier Tolls
10.7.2. Entry/Exit Tolls
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vehicle Toll Collection and Access Systems Demand Share Forecast, 2019-2026
11. Europe Vehicle Toll Collection and Access Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
11.4.1. Bridges
11.4.2. Road
11.4.3. Tunnel
11.4.4. Mountain Pass
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
11.7.1. Mainline Barrier Tolls
11.7.2. Entry/Exit Tolls
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vehicle Toll Collection and Access Systems Demand Share, 2019-2026
12. Asia Pacific Vehicle Toll Collection and Access Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
12.4.1. Bridges
12.4.2. Road
12.4.3. Tunnel
12.4.4. Mountain Pass
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
12.7.1. Mainline Barrier Tolls
12.7.2. Entry/Exit Tolls
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vehicle Toll Collection and Access Systems Demand Share, 2019-2026
13. Middle East & Africa Vehicle Toll Collection and Access Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vehicle Toll Collection and Access Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Application
13.4.1. Bridges
13.4.2. Road
13.4.3. Tunnel
13.4.4. Mountain Pass
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Toll Collection and Access Systems Market Size and Volume Forecast by Type
13.7.1. Mainline Barrier Tolls
13.7.2. Entry/Exit Tolls
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vehicle Toll Collection and Access Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vehicle Toll Collection and Access Systems Market: Market Share Analysis
14.2. Vehicle Toll Collection and Access Systems Distributors and Customers
14.3. Vehicle Toll Collection and Access Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Feig Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens Electronic Trolling
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Magnetic Autocontrol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TRMI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. 3M
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mark IV Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Automatic Systems-IER Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Stid Electronic Identification
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TransCore
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Magnetic Autocontrol
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nedap
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
