Scope of the Report
The report provides an in-depth analysis of the US tolling market by value, by toll road mileage, by vehicle share, etc.
Moreover, The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US tolling market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Verra Mobility Corporation, KAPSCH (KAPSCH TrafficCom), Roper Technologies, Inc. (TransCore), Abertis (Emovis) and Sociedad Ibérica de Construcciones Eléctricas (Sice Inc.) are some of the key players operating in the US tolling market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
- Verra Mobility Corporation
- KAPSCH (KAPSCH TrafficCom)
- Roper Technologies, Inc. (TransCore)
- Abertis (Emovis)
- Sociedad Ibérica de Construcciones Eléctricas (Sice Inc.)
1. Executive Summary
2.1 Tolling Industry: An Overview
2.1.1 Tolling Meaning
2.1.2 Tolling History
2.1.3 Elements of Tolling
2.1.4 Tolling Element: Charging Methods
2.1.5 Tolling Element: Collection Methods
2.2 Electronic Toll Collection System: An Overview
2.2.1 Electronic Toll Collection
2.2.2 Electronic Toll Collection: Application Techniques and Principles
2.2.3 Components of Electronic Toll System
2.2.4 Schematic of Electronic Toll Collection System
3. Market Sizing
3.1 The US Toll Market: An Analysis
3.1.1 The US Tolling Market by Value
3.1.2 The US Toll Road by Mileage
3.1.3 The US Toll Road by Growth in Mileage
3.1.4 The US Toll Market by Potential Increase in Toll Road Miles
3.1.5 The US Toll Market by Potential Interstate Route Toll Conversions
3.1.6 The US Toll Market by Number of Vehicles
3.1.7 The US Toll Road Market by Fleet Share
3.1.8 The US Toll Road Traffic & Revenue by Y-O-Y Growth
3.1.9 The US Toll Market by Electronic Toll System Account Penetration
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Escalating Rental Car Industry
4.1.2 Approaching New Projects
4.1.3 Truck Only Tolls
4.1.4 Hike in Gasoline Prices
4.1.5 Modification in Electronic Toll Collection System
4.1.6 Value-Added Tolling
4.2.1 Economic Risk For The Tolling Business
4.2.2 Struggle to Increase Interoperability
4.3 Market Trends
4.3.1 Upcoming Tolling Technologies
4.3.2 New Opportunity For P3 Concessions
4.3.3 Next Generation Transponders
5. Competitive Landscape
5.1 The US Toll Market: Player Analysis
5.1.1 The US Toll Market Share of RACs by Players
6. Company Profiling
6.1 Verra Mobility Corporation
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.2 KAPSCH (KAPSCH TrafficCom)
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.3 Roper Technologies, Inc. (TransCore)
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.4 Abertis (Emovis)
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
6.5 Sociedad Ibérica de Construcciones Eléctricas (Sice Inc.)
6.5.1 Business Overview
6.5.2 Business Strategy
List of Figures
Figure 1: Elements of Tolling
Figure 2: Electronic Toll Collection: Application Techniques and Principles
Figure 3: Components of Electronic Toll System
Figure 4: Schematic of Electronic Toll Collection System
Figure 5: The US Tolling Market by Value; 2014-2018 (US$ Billion)
Figure 6: The US Tolling Market by Value; 2019-2023 (US$ Billion)
Figure 7: The US Toll Road by Mileage; 2009-2017 (Miles)
Figure 8: The US Toll Road by Growth in Mileage; 2014-2030 (Miles)
Figure 9: The US Toll Market by Potential Increase in Toll Road Miles; 2014-2030
Figure 10: The US Toll Market by Number of Vehicles; 2014-2030 (Million)
Figure 11: The US Toll Road Market by Fleet Share; 2014-2030 (Percentage, %)
Figure 12: The US Toll Road Traffic & Revenue by Y-O-Y Growth; 2012-2017 (Percentage, %)
Figure 13: The US Toll Market by Electronic Toll System Account Penetration; 2018 (Percentage,%)
Figure 14: The US Rental Car Industry; 2017-2018 (US$ Billion)
Figure 15: New Provisions for Truck Tolling
Figure 16: The US Gasoline Price; 2016-2019 (US$ per Liter)
Figure 17: Types Of Toll Collection Approaches; 2017 (Percentage, %)
Figure 18: New Electronic Toll Collection Technologies
Figure 19: The US Toll Market Share of RACs by Players; 2018 (Percentage, %)
Figure 20: Verra Mobility Corporation Revenue; 2015-2018 (US$ Million)
Figure 21: Verra Mobility Corporation Revenue by Segment; 2018 (Percentage, %)
Figure 22: KAPSCH Revenue; 2015/2016-2017/2018 (US$ Million)
Figure 23: KAPSCH Revenue by Segment; 2017/2018 (Percentage, %)
Figure 24: KAPSCH Revenue by Region; 2017/2018 (Percentage, %)
Figure 25: Roper Technologies Revenue; 2015-2018 (US$ Billion)
Figure 26: Roper Technologies Revenue by Segment; 2018 (Percentage, %)
Figure 27: Roper Technologies Revenue by Region; 2018 (Percentage, %)
Figure 28: Abertis Revenue; 2015-2018 (US$ Billion)
Figure 29: Abertis Revenue by Region; 2018 (Percentage, %)
List of Tables
Table 1: Potential Interstate Route Toll Conversions
Table 2: Number of Highways Proposals
Table 3: New Bridge Construction Proposals
Tolling is normally defined as a mode of expenditure or charge which is extracted by the state, the local authorities, etc., for some right or privilege, as for track along a road or over a bridge. Thus in layman terms, tolling is the process of collecting money from each and every passenger passing the toll roads. A toll road is a chargeable public/private road, along with bridges and tunnels. The different amount is charged for different passing vehicle such as generally motorbikes are charged with the least amount while trucks and buses are charged with the maximum amount. At present, the toll road is mostly controlled-access highway.
There are usually two tolling elements: charging methods and collecting methods. Charging methods includes three types: Time Based Charges and Access Fees, Motorway and other Infrastructure Tolling and Distance or Area Charging. Whereas, collection method is classified into three categories namely, open toll system, closed toll system and open road/electronic toll system.
Electronic toll collection system is the most used format by the US toll roads. In this, the electronic toll system first concludes whether the passing vehicle is registered or not, then automatically charges the passing vehicles via a transponder attached in the vehicle. The signals emitted from transponder are collected by the antenna and then the vehicle information is passed to the main server. The main resolution of ETC method is that it facilitates the vehicles to pass through a toll road facility, avoiding certain actions such as stopping by the driver.
Electronic toll collection system is composed of three major components. First RFID (RFID tag, or transponder, consists of a chip and an antenna), second is reader and third is in-lane computer. RFID tag emits the information/identification data through antenna to the reader. Reader transmits the data to central database and facilitate with full information of the owner. Lastly, in-lane computer generates the appropriate toll charge of the vehicle and slip the information in the customers prepaid account.
The US tolling market market is expected to increase due many growth drivers such as Escalating Rental Car Industry, Approaching New Projects, Truck Only Tolls, Modification in Electronic Toll Collection System, etc. Yet the market faces some challenges such as Economic Risk For The Tolling Business, Struggle to increase interoperability, etc.
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