LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global portable wheel load scale system market to grow at a CAGR of more than 8% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global portable wheel load scale system market for 2017-2021. The market is segmented on application (fleet operator and others), and geography (the Americas, EMEA, and APAC).
Portable load scale is the preferred device for weighing the vehicle load and determining vehicle load distribution. The high flexibility offered by these systems makes them ideal for fleet operators and regulatory authorities to determine weight limits. The development of efficient weighing systems is pushing the adoption of electronic load scales. The fleet operators prefer portable load scales due to the low cost and flexibility. The US and China account for the highest adoption of CVs. These countries are crucial for the portable wheel load scale system market. Due to the rise in adoption of heavy-duty trucks for transportation and logistics purposes, there will be a high demand for portable wheel load scale systems in India.
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Technavio automotive research analysts highlight the following three factors that are contributing to the growth of the global portable wheel load scale system market:
- Development of digital load cell technology
- Improved vehicle efficiency and safety
- Growing popularity of automotive racing in developing economies
Development of digital load cell technology
Accuracy and reliability are crucial for the adoption of portable and onboard wheel load scale systems. Portable wheel load scales give flexibility for load scaling, and the digital systems ensure accurate results. According to the requirements, mechanical and electronic scale systems are supplied by the manufacturers. Fairbank Scales developed the intalogic technology that provides accuracy, reliability, and protection.
Siddharth Jaiswal, a lead automotive electronics research analyst at Technavio, says, “The intalogic digital load cell technology converts a weak analog load cell signal to a stronger and more reliable digital interface. The focus on creating reliable and protective scale systems will drive the portable wheel load scale system market in the coming years.”
Improved vehicle efficiency and safety
Portable wheel load scale systems allow the optimum weighing of the heavy-duty trucks. Vehicle weight above the prescribed levels is detrimental to the vehicle and pavement. Therefore, the government regulatory bodies are enforcing laws to curb overloading.
“Overloading the vehicles leads to pollution and unsafe driving. Compared with a regular-weight vehicle, the overloaded vehicles emit a higher number of toxic gasses. These vehicles are also prone to accidents as the drivers of these vehicles often lose control. This is hazardous to the driver and other vehicles on the road,” adds Siddharth.
Growing popularity of automotive racing in developing economies
Automotive racing is primarily concentrated in the US and other developed countries such as Italy, France, Spain, UK, and Japan. However, these racing events are also becoming popular in China, India, and the UAE. An increasing number of OEMs are investing in racing championships in these countries. In India, Reliance Industries and Mahindra & Mahindra sponsor teams for international events like F1 and Grand Prix. Mahindra & Mahindra invested millions for participating in the Formula E series.
Top vendors:
- HAENNI Instruments
- Massload Technologies
- Walz Scale
- HKM-Messtechnik
- GEC Scales
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