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Europe Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering, and Type

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    Report

  • 123 Pages
  • August 2021
  • Region: Europe
  • The Insight Partners
  • ID: 5416254
Unmanned Automated Toll Booth Collection System Segment to Dominate Europe Automatic Tolling System Market during 2020-2028

According to a new market research study on “Europe Automatic Tolling System Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Offering and Type” is expected to reach US$ 3,647.29 million by 2028 from 2,486.94 US$ million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the Europe automatic tolling system market along with the drivers and restraints pertaining to the market growth. Growing demand for effective toll management systems in European countries is the major factor driving the growth of the Europe automatic tolling system market. However, the issue associated with high CapEx & OpEx expenditures hinders the growth of Europe automatic tolling system market.

The Europe automatic tolling system market is segmented into offering and type. Based on offering, the Europe automatic tolling system market is segmented into hardware and services. The services segment held the largest market share in 2020. Based on type, the automatic tolling system market is segmented into unmanned self-service automated toll booth collection system, unmanned automated toll booth collection system, and unmanned wireless automated toll booth collection system. The unmanned automated toll booth collection system segment led the automated tolling system market in 2020. Based on country, the Europe automatic tolling system market is segmented into France, Germany, Italy, UK,, Russia, and rest of Europe.

In Europe, the France is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, has affected the installation of automatic tolling system across the Europe region. Further, the businesses in the region (such as manufacturing and road & highway construction industries) faces severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Moreover, the automatic tolling systems are a combination of several electronic components and devices, such as transponders, cameras, RFID chips, controllers, and processors. As a result, borders are sealed, and strict lockdowns are enforced as preventive measures, thereby having a direct impact on the supply chain of electronic components and devices. Anticipated delay in supply of raw materials to manufacturers who meet the requirements of tolling system integrators, as well as delay in delivery of products, leading to the supply chain disruptions in 2020. But now in 2021, with the uplifting of lockdowns and vaccination process, the road and highway construction activities have started again, and the raw material are easily available. Thus, this will lead the growth of automatic tolling system market in the region.

Conduent Business Services, LLC; Feig Electronic; IBI Group; Indra Sistemas, S.A.; Neology Inc.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; Thales Group; and TransCore, LP are among the leading companies in the Europe automatic tolling system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Conduent Transportation is selected by the UK Department of Transport’s Highways England to implement and manage an automated free-flow charging solution for the Dartford-Thurrock Crossing of the River Thames east of London

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe automatic tolling system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe automatic tolling system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the automatic tolling system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automatic Tolling System Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Automatic Tolling System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits to the economy and safety in the long run
5.2 Market Restraints
5.2.1 High CapEx & OpEx Expenditures
5.3 Market Opportunities
5.3.1 Growing demand for effective toll management systems in European countries
5.4 Future Trends
5.4.1 Enhanced tolling systems due to advanced technologies
5.5 Impact Analysis of Drivers and Restraints
6. Automatic Tolling System Market - Europe Analysis
6.1 Europe Automatic Tolling System Market Overview
6.2 Europe Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7. Europe Automatic Tolling System Market Analysis - By Offering
7.1 Overview
7.2 Europe Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Automatic Tolling System Market Analysis - By Type
8.1 Overview
8.2 Europe Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
8.3 Unmanned Self-Service Automated Toll Booth Collection System
8.3.1 Overview
8.3.2 Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Unmanned Automated Toll Booth Collection System
8.4.1 Overview
8.4.2 Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8.5 Unmanned Wireless Automated Toll Booth Collection System
8.5.1 Overview
8.5.2 Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Automatic Tolling System Market - Country Analysis
9.1 Overview
9.1.1 Europe: Automatic Tolling System Market, by Key Country
9.1.1.1 Germany: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Automatic Tolling System Market, by Offering
9.1.1.1.2 Germany: Automatic Tolling System Market, by Type
9.1.1.2 France: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Automatic Tolling System Market, by Offering
9.1.1.2.2 France: Automatic Tolling System Market, by Type
9.1.1.3 Italy: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Automatic Tolling System Market, by Offering
9.1.1.3.2 Italy: Automatic Tolling System Market, by Type
9.1.1.4 UK: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Automatic Tolling System Market, by Offering
9.1.1.4.2 UK: Automatic Tolling System Market, by Type
9.1.1.5 Russia: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Automatic Tolling System Market, by Offering
9.1.1.5.2 Russia: Automatic Tolling System Market, by Type
9.1.1.6 Rest of Europe: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Automatic Tolling System Market, by Offering
9.1.1.6.2 Rest of Europe: Automatic Tolling System Market, by Type
10. Europe Automatic Tolling System Market - COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Raytheon Technologies Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 STMicroelectronics N.V.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Thales Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Indra Sistemas, S.A.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Conduent Business Services, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Neology Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Feig Electronic
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens Mobility
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IBI Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tecsidel, S.A.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.12 EFKON GmbH
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index
List of Tables
Table 1. Europe Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
List of Figures
Figure 1. Europe Automatic Tolling System Market Segmentation
Figure 2. Europe Automatic Tolling System Market Segmentation - By Country
Figure 3. Europe Automatic Tolling System Market Overview
Figure 4. Services Segment held the largest share in 2020
Figure 5. Unmanned Automated Toll Booth Collection System Segment held the largest share in 2020
Figure 6. Rest of Europe held the largest share in 2020
Figure 7. Europe: PEST Analysis
Figure 8. Europe Automatic Tolling System Market - Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. Europe Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
Figure 13. Europe Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
Figure 16. Europe Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe: Automatic Tolling System Market, by Key Country - Revenue (2020) (US$ Million)
Figure 20. Europe: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Germany: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. France: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Italy: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. UK: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Russia: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of Europe: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in Europe Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Conduent Business Services, LLC
  • Feig Electronic
  • IBI Group
  • Indra Sistemas, S.A.
  • Neology Inc.
  • Raytheon Technologies Corporation
  • Siemens Mobility
  • STMicroelectronics N.V.
  • Tecsidel, S.A.
  • Thales Group
  • TransCore, LP

Table Information