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
Report ID: 10993|No. of Pages: 202
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.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=10993
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.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Conduent Inc., cubic corporation, GeoToll, Neology Inc., perceptics llc, Raytheon Company, Siemens AG and The Revenue Markets Inc. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF US TOLLING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 US TOLLING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 US TOLLING MARKET, BY CHARGING METHODS
5.1 OVERVIEW
5.2 TIME BASED CHARGES/ACCEES FEES
5.3 INFRASTRUCTURE TOLLING
5.4 DISTANCE CHARGING
5.5 OTHERS
6 US TOLLING MARKET, BY COLLECTION TYPE
6.1 OVERVIEW
6.2 MAINLINE BARRIER TOLLS
6.3 ENTRY/EXIT TOLLS
6.4 RFID BASED ELECTRIC TOLL COLLECTION
7 US TOLLING MARKET, BY MANAGEMENT TYPE
7.1 OVERVIEW
7.2 BOT SYSTEMS
7.3 GOVERNMENTS
7.4 OTHERS
8 US TOLLING MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 U.S.
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 GERMANY
8.3.2 U.K.
8.3.3 FRANCE
8.3.4 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 CHINA
8.4.2 JAPAN
8.4.3 INDIA
8.4.4 REST OF ASIA PACIFIC
8.5 REST OF THE WORLD
8.5.1 LATIN AMERICA
8.5.2 MIDDLE EAST AND AFRICA
9 US TOLLING MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 CONDUENT INC
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 CUBIC CORPORATION
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 GEOTOL
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 NEOLOGY INC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 PERCEPTICS LLC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 RAYTHEON COMPANY
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENT
10.7 SIEMENS AG
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 REVENUE MARKETS INC
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
11 APPENDIX
11.1 RELATED RESEARCH
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
