US Tolling Market Size By Charging Methods (Time-Based Charges/Access Fees, Infrastructure Tolling), By Toll Collection Type (Mainline Barrier Tolls, Entry/Exit Tolls), By Management Type (BOT systems, governments) And Forecast

US Tolling Market Size And Forecast

US Tolling Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 6.6 Billion by 2031 , growing at a CAGR of 8.2% from 2024 to 2031. The early adoption of technologies in road activities, and continual enhancement in the US economy will foster market growth. The US Tolling Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

US Tolling Market Definition

Tolling is a charge or fee taken assessed for passage or for using a bridge or road. It is a form of road charge typically implemented to assist recover the cost of road construction and maintenance. Toll charge varies with the light vehicles to heavy vehicles.

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US Tolling Market Overview

The early adoption of technologies in road activities and continual enhancement in the US economy has propelled market growth. Furthermore, state-of-good-repair, upgrades, replacements such as major bridge rehabilitation replacements, and state DOTs considering toll projects which comprise Rhode Island, Wisconsin, Minnesota, Connecticut, Alabama, and Indiana, further impact the growth.

Moreover, the growing population leading to road developments has positively propelled the growth of the US tolling market. There are certain restraints and challenges faced which will hinder the overall market growth. The factors such as slow growth in the infrastructure sector in the US coupled with high operating costs and lack of labor are the potential restraints hampering the overall US tolling market growth.

US Tolling Market Segmentation Analysis

US Tolling Market is segmented based on Charging Methods, Toll Collection Type, Management Type, And Geography.

US Tolling Market, By Charging Methods

• Time-Based Charges/Accees Fees
• Infrastructure Tolling
• Distance Charging
• Others

Based on Charging Methods, The market is bifurcated into time-based charges/access fees, infrastructure tolling, distance charging, and others. The infrastructure tolling segment held the largest market share. The factors can be attributed to the rapid urbanization owing to modern infrastructure development, rapidly growing road transportation, and road construction activities.

US Tolling Market, By Toll Collection Type

• Mainline Barrier Tolls
• Entry/Exit Tolls
• RFID Based Electric Toll Collection

Based on toll Collection Type, The market is bifurcated into mainline barrier tolls, entry/exit tolls, RFID Based electric toll collection. The RFID-based electric toll collection is predicted to hold the most significant CAGR in the forecast period due to the technological development in RFID-based electric toll collection and has provided an efficient way to tackle all the problems related to toll collection on highways. This collection system automatically collects tolls, minimizing the chances of manual errors.

US Tolling Market, By Management Type

• BOT system
• Governments
• Others

Based on Management Type, The market is bifurcated into BOT systems, governments, and others. The government held the largest market share. The factors can be credited for growing government invasion, continuous investments by government and private firms, and government rules, regulations, and favorable policies.

Key Players

• The "US Tolling Market" study report will provide a valuable insight with an emphasis on US market including some of the major players such as
• Conduent Inc., cubic corporation, GeoToll, Neology Inc., perceptics llc, Raytheon Company, Siemens AG and The Revenue Markets Inc.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.