Global Portable Wheel Load Scale System Market 2017-2021

Overview of the global portable wheel load scale system

Market research analysts at Technavio predict that the global portable wheel load scale system market  will grow steadily during the next four years at a CAGR of more than 8% in terms of units by 2021. This market research analysis identifies the rising popularity of fleet management solutions in logistics sector as one of the primary growth factors for this market. The logistics sector contributes significantly to the fleet management services due to the increased consolidation of logistics players and the need for fleet tracking to lessen transit losses. Fleet management services reduce the overall fuel costs by lowering the number of empty runs and offer monitoring services, such as geofencing, which assist in reducing unauthorized vehicle activities. Moreover, the fleet management services offered by telematics service providers have evolved with time and now include advanced solutions such as vehicle management, load monitoring, driver management, logistics management, and tacho management.

The increasing demand for portable wheel load scale system in the emerging markets is one of the key contributors to the growth of the market. Economic growth and the rising awareness among consumers regarding vehicle weight regulations in countries, such as China, Indonesia, and India will drive the growth of the portable wheel load scale system market. In addition, globalization and a strong inclination for racing have resulted in the high demand for portable wheel load scales. Furthermore, the increased competition and saturation in the developed markets, such as the US and Europe, have compelled the OEMs of CVs to concentrate toward the developing markets.

Competitive landscape and key vendors

The portable wheel load scale system market is concentrated by a few players and the new players cater to the rising demand for load scales to augment their hold over the market. The rise of onboard wheel load scales poses a challenge for the vendors of portable wheel load scale systems. Moreover, the vendors in the market also concentrate on developing markets that are anticipated to the witness the fastest adoption rates of portable wheel load scale systems.

The leading vendors in the market are -

• HAENNI Instruments
• Massload Technologies
• Walz Scale
• HKM-Messtechnik
• GEC Scales

The other prominent vendors in the market are AGWEIGH, CAS, Fairbanks Scales, and Intercomp.

Segmentation by application and analysis of the portable wheel load scale system market

• Fleet operators
• Others

During 2016, the fleet operators segment accounted for the major shares of the portable wheel load scale system market. Factors such as the increased demand for heavy-duty trucks and rising transportation volumes will contribute to the growth of this industry segment in the coming years. In addition, the growth in the GDP of developing markets and improving economic conditions in the developed markets will also drive the growth of the segment around the world.

Geographical segmentation and analysis of the portable wheel load scale system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The increased demand for commercial vehicles and the stringent regulations on vehicle weight are the major factors for the growth of the market in the region. Also, the rise in fleet sizes, the popularity of racing events, and growing number of racing enthusiasts will drive the adoption rates of portable wheel load scale system in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global portable wheel load scale system market?
• What are the key market trends impacting the growth of the global portable wheel load scale system market?
• What are the challenges to market growth?
• Who are the key vendors in the global portable wheel load scale system market?
• What are the market opportunities and threats faced by the vendors in the global portable wheel load scale system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global portable wheel load scale system market?

Technavio also offers customization on reports based on specific client requirement.

The portable wheel load scale system is the measuring instrument for the portable wheel, axle or vehicle weighing for two-wheelers and cars as well as heavy-duty vehicles. Additionally, portable wheel load scale system is used for determining load distribution and center of gravity. The global portable wheel load scale system market is driven by several factors, which include regulations about vehicle weight limit, development of digital load cell technology, push for improved vehicle efficiency and safety, and growing popularity of racing events and fleet management solutions in logistic sector. To help clients in the automotive electronics sector gain a competitive edge over the other players, Technavio provides a collection of market study reports that will help clients stay updated on the technological advancements and also identify new growth opportunities. The market intelligence reports from Technavio also provide detailed information on all the vendors who hold significant market shares in the automotive industry.

To identify the automotive electronics industry’s growth prospects, market research experts at Technavio follow a mix of primary and secondary research techniques and take into account factors such as the demand for products across different geographical regions. With complete knowledge on factors such as the demand for products and services offered by leading vendors in the automotive market, our upcoming market research report on the global portable wheel load scale system market for the forecasted period of 2017 to 2021 will also help clients comprehend the constantly changing landscape of the automotive electronics sector.

This upcoming report on the global portable wheel load scale system market also considers the growth of similar markets like automotive pressure sensors and vehicle wiring harness system, which is anticipated to grow at a CAGR of almost 6% and close to 46% by the end of 2021. Our team of industry research specialists forecasts that a greater emergence of electronics components, primarily sensors, and microcontrollers, that help enhance vehicle performance will increase the demand for automotive electronics in the next few years. Technavio also offers personalized market study reports based on specifications of varied clients, which will help the regional and global cement market position themselves better in a highly competitive automotive market.

The upcoming industry research report for the global portable wheel load scale system market also identifies the major drivers, appearing market trends, and the challenges currently faced by the vendors in the automotive electronics industry. Additionally, the report also presents insights into the emerging markets of auto accessories, automotive components, automotive manufacturing, automotive services, and wheels and tires.