Energy Industry News
Home | Energy News | Submit Press Release | About Us

Free Utility & Energy Magazines
Press release distribution service

Energy Media
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
Oil & Gas Investor
Oil Price
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Electronic Toll Collection Market Future Analysis, Demand by Regions and Opportunities with Challenges 2022-2028

(EnergyIndustry.Net, September 20, 2022 ) The global electronic toll collection market size was valued at USD 4,831.9 million in 2021 and registered with a CAGR of 8.4% during the forecast period 2022-28. The term "electronic toll collection" pertains to the cashless toll collection technology, which helps to address the issue of traffic congestion on numerous toll collection sites caused by the laborious process of collecting cash or plastic money. The vehicles do not need to stop at the toll booths to pay these charges. When cars stop at toll booths, these devices scan them to collect money. To let vehicles pass through the booth without transponders, they function on a cash toll system. A toll road is a public or private thoroughfare that levies a fee for use. Due to the elimination of manual operation, electronic toll collecting reduces traffic congestion.

View Complete Report:

The Electronic Toll Collection Market Growth Factors:

The initiatives taken by different governments to implement traffic-free roadways for quick freight vehicles on highways and in metropolitan areas are the main factors driving the electronic toll collecting market. To encourage the use of electronic toll collecting services, nations are implementing a discounted scheme for drivers. To implement electronic toll collecting systems on highways, governments in emerging countries are primarily responsible for the market's significant growth. By digitally collecting toll fees, such measures hope to facilitate the free flow of traffic and prevent the problem of queues at toll plazas.

Restraining factors for The Electronic Toll Collection Market

On the other hand, it is anticipated that the implementation of strict regulatory standards across various regions will impede the growth of the electronic toll collection industry. The market for electronic toll collecting is expected to face difficulties as a result of the rise in problems related to connectivity, common standards, and toll technology choices.

Request Sample Of The Report:

The Electronic Toll Collection Market Segmentation

The Global Electronic Toll Collection Market on the basis of system Type, the market is segregated into Transponder-/Tag-based Tolling Systems, and Other Tolling Systems. On the basis of Technology, the market is classified into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), GNSS & GPS. On the basis of Payment Method, the market is categorized into Prepaid, Postpaid), Application (Highways, Urban Areas)

The Electronic Toll Collection Market Regional Analysis:

Due to the vast number of vehicles, extensive interstate and state highway networks, installation of cutting-edge toll collection systems, and several ongoing toll installation projects, North America now holds a monopoly on the electronic toll collection market. Because of the rising demand for these systems in developing economies and the acceleration of urbanization, Asia-Pacific is anticipated to have substantial expansion during the forecast period.

About Precision Business Insights:

We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers. Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.


Mr. Satya

Precision Business InsightsTM | Toll Free: +1 866 598 1553


Kemp House, 152 160 City Road, London EC1V 2NX

Web: | D U N S Number: 852781747

Precision Business Insights



Source: EmailWire.Com

Renewable Energy News

Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC