Market Research Report
Weigh in Motion
|Published by||Global Industry Analysts, Inc.||Product code||909497|
|Published||Content info||286 Pages
Delivery time: 1-2 business days
|Weigh in Motion|
|Published: April 1, 2021||Content info: 286 Pages||
Global Weigh in Motion Market to Reach $1 Billion by 2027
Amid the COVID-19 crisis, the global market for Weigh in Motion estimated at US$614.2 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2027, growing at aCAGR of 7.6% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$594.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $166.1 Million, While China is Forecast to Grow at 11.5% CAGR
The Weigh in Motion market in the U.S. is estimated at US$166.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$227.5 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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