Europe Electronic Toll Collection System Market Forecast to 2030
Europe Electronic Toll Collection System Market Forecast to 2030 – Regional Analysis – by Offering (Systems and Services), Technology (RFID, DSRC, ANPR, GNSS, and Others), and Application (Highways and Urban Zones)
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Description
Increasing Demand for Interoperable Electronic Tolling Systems Drives Europe Electronic Toll Collection System Market
The toll collection systems projects involve a public-private partnership model where government agencies or state bodies usually decide the toll pricing. The objective of toll collection profoundly influences vehicle classification and dynamic pricing for multiple categories of frequent travelers. Thus, effectively restricting the interoperability of toll-collection processes across different states, administrative regions, or provinces within the country. Also, there is an increase in collaborative efforts among different state bodies to participate in joint toll collection systems (accepted by more government agencies) and offer simplified toll collection for different users. This electronic toll collection system operates on a pre-paid account-based system, which various state agencies adopt for a seamless array of freight fees, tolls, and fines across the region. For instance, in July 2023, the Avanci aftermarket and electronic toll collection leader Axxès inked a license agreement. Axxès, the licensee, will gain efficient and transparent access to patented wireless technology that will enable innovation in Europe’s interoperable toll collection market.
The data generated via electronic toll collection transponders and RFID tags can provide meaningful insights into the traffic patterns and congestion at various expressways and highways. Also, those insights can be used for improving congestion, traffic management, and other intelligent transportation services. An exhaustive interoperable toll collection system has applications across parking fee payments at airports, malls, bus stations, and intelligent transportation services, among other innovative services. Thus, the demand for interoperable and robust electronic toll collection by the government, as well as state agencies, is fueling the demand for electronic toll collection systems.
Europe Electronic Toll Collection System Market Overview
The federal government has announced its plans to invest US$ 147.6 billion in Germany’s roads between 2016 and 2030 as part of the Federal Transport Infrastructure Plan (FTIP). Nearly US$ 74.4 billion will be used for infrastructure replacement and structural maintenance. Germany’s road network dropped to 16th in the World Economic Forum’s Global Competitiveness Report, indicating that it needs considerable upgrading. Germany’s transportation network will receive investments totaling US$ 299.6 billion 2016 and 2030 to upgrade and connect transportation network. Thus, the growth in road infrastructure drives the electronic toll collection system market.
Europe Electronic Toll Collection System Market Revenue and Forecast to 2030 (US$ Million)
Europe Electronic Toll Collection System Market Segmentation
The Europe electronic toll collection system market is segmented based on offering, technology, application, and country. Based on offering, the Europe electronic toll collection system market is bifurcated into systems and services. The systems segment held a larger market share in 2022.
In terms of technology, the Europe electronic toll collection system market is segmented into RFID, DSRC, ANPR, GNSS, and others. The DSRC segment held the largest market share in 2022.
By application, the Europe electronic toll collection system market is bifurcated into highways and urban zones. The highways segment held a larger market share in 2022.
Based on country, the Europe electronic toll collection system market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe electronic toll collection system market share in 2022.
Conduent Inc, Kapsch TrafficCom AG, Thales SA, Magnetic Autocontrol GmbH, Sociedad Iberica de Construcciones Electricas SA, Verra Mobility Corp, Mitsubishi Heavy Industries Ltd., Cubic Transportation Systems Inc, and Q-Free ASA are some of the leading companies operating in the Europe electronic toll collection system market.
Summary Info
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According to the Research Team research, the Europe electronic toll collection system market was valued at US$ 1,476.78 million in 2022 and is expected to reach US$ 3,922.06 million by 2030, registering a CAGR of 13.0% from 2022 to 2030. Surging demand for effective traffic management at toll plaza and deployment of blockchain technology are among the critical factors attributed to the Europe electronic toll collection system market expansion.
The state of road infrastructure plays an essential role in the economy’s growth as it connects important small cities, towns, and metropolitan cities for freight transportation by road. Moreover, the continuous maintenance, expansion, and improvement of expressways, highways, bridges, and tunnels ensure the continuous, uninterrupted movement of goods, which contribute toward the respective country’s GDP. However, the administrators face the challenge of maintaining road infrastructure growth along with the number of registered vehicles. As a result, the central or state government agency deploys various tolls for fees and levy tax across strategic locations on roadways for financing new infrastructure, controlling traffic, maintenance, and management of congestion of vehicles.
Rapid urbanization has driven the demand for a robust network of roads connecting cities and towns across the countries globally. Subsequently, this has boosted the investment toward the development of highways, bridges, and expressways for improved freight transportation by road. As a result, this is increasing the demand for efficient toll collection systems in the region’s economies owing to the surge in the number of registered vehicles.
Globally, many companies and government authorities have signed contracts for deploying ETC. A few of them are mentioned below.
In 2023, the management and toll collection contract for the A24 Blankenburg Connection, a road serving the Rotterdam region of the Netherlands, was awarded to Via Verde. A-to-Be will supply RDW, the Netherlands Vehicle Authority National Roads Traffic Agency, with its MoveBeyond back-office system as part of this deal, acting as Via Verde’s essential technology partner. The technology created by A-to-Be serves as the foundation for the Via Verde solution.
In July 2022, the UK Department for Transport’s National Highways awarded Verra Mobility a contract to recover unpaid road user charges and corresponding penalties for the Dartford-Thurrock River Crossing, which is a free-flow location, where the liable party resides outside of the country.
In May 2019, Toll4Europe was authorized as a European service provider for toll collecting in Germany by the German Federal Office for Goods Transport. The company’s several-month-long testing and pilot operation were successfully concluded. In the German road network, heavy cargo vehicles are subjected to tolls collected by Toll4Europe.
Therefore, numerous contracts contributing to the demand for effective traffic management at toll plazas are anticipated to create lucrative business opportunities for ETC manufacturers and providers in the coming years.
On the contrary, leakage and high CapEx and OpEx costs hamper the growth of Europe electronic toll collection system market.
Based on offering, the Europe electronic toll collection system market is bifurcated into systems and services. The systems segment held 72.1% market share in 2022, amassing US$ 1,065.05 million. It is projected to garner US$ 2,929.19 million by 2030 to expand at 13.5% CAGR during 2022-2030.
In terms of technology, the Europe electronic toll collection system market is categorized into RFID, DSRC, ANPR, GNSS, and others. The DSRC segment held 74.1% market share in 2022, amassing US$ 1,094.30 million. It is projected to garner US$ 2,929.92 million by 2030 to expand at 13.1% CAGR during 2022-2030.
By application, the Europe electronic toll collection system market is bifurcated into highways and urban zones. The highways segment held 78.7% market share in 2022, amassing US$ 1,162.50 million. It is projected to garner US$ 3,136.74 million by 2030 to expand at 13.2% CAGR during 2022-2030.
Based on country, the Europe electronic toll collection system market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 31.8% share of Europe electronic toll collection system market in 2022. It was assessed at US$ 469.32 million in 2022 and is likely to hit US$ 1,349.34 million by 2030, exhibiting a CAGR of 14.1% during 2022-2030.
Key players operating in the Europe electronic toll collection system market are Conduent Inc, Kapsch TrafficCom AG, Thales SA, Magnetic Autocontrol GmbH, Sociedad Iberica de Construcciones Electricas SA, Verra Mobility Corp, Mitsubishi Heavy Industries Ltd., Cubic Transportation Systems Inc, and Q-Free ASA, among others.
In February 2022, Thales announced the implementation of an electronic toll collection system in Guatemala.
In July 2022, Verra Mobility expanded Toll and Violation Management Solutions in europe with new partner agreements.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe electronic toll collection system market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe electronic toll collection system market, as well as those hindering it.
o 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
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Toll Collection System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Europe Electronic Toll Collection System Market – Key Industry Dynamics
5.1 Electronic Toll Collection System Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Long-Term Economic and Safety Benefits
5.2.2 Increasing Demand for Interoperable Electronic Tolling Systems
5.2.3 Government Focus on Transportation Infrastructure
5.3 Market Restraints
5.3.1 Leakage and High CapEx and OpEx Costs
5.3.2 Lack of Standardization and Evaluation Metrics for ETC Systems
5.4 Market Opportunities
5.4.1 Surging Demand for Effective Traffic Management at Toll Plaza
5.4.2 Deployment of Blockchain Technology
5.5 Future Trends
5.5.1 Satellite-Based GPS/GNSS Systems
5.6 Impact of Drivers and Restraints:
6. Electronic Toll Collection System Market – Europe Market Analysis
6.1 Overview
6.2 Europe Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
6.3 Electronic Toll Collection System Market Forecast and Analysis
7. Europe Electronic Toll Collection System Market Analysis – Offering
7.1 Systems
7.1.1 Overview
7.1.2 Systems Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Electronic Toll Collection System Market Analysis – Technology
8.1 RFID
8.1.1 Overview
8.1.2 RFID Market, Revenue and Forecast to 2030 (US$ Million)
8.2 DSRC
8.2.1 Overview
8.2.2 DSRC Market, Revenue and Forecast to 2030 (US$ Million)
8.3 ANPR
8.3.1 Overview
8.3.2 ANPR Market, Revenue and Forecast to 2030 (US$ Million)
8.4 GNSS
8.4.1 Overview
8.4.2 GNSS Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Electronic Toll Collection System Market Analysis – Application
9.1 Highways
9.1.1 Overview
9.1.2 Highways Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Urban Zones
9.2.1 Overview
9.2.2 Urban Zones Market, Revenue and Forecast to 2030 (US$ Million)
10. Europe Electronic Toll Collection System Market – Country Analysis
10.1 Europe
10.1.1 Europe Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Europe Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.1.2 Germany Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Germany Electronic Toll Collection System Market Breakdown by Offering
10.1.1.2.2 Germany Electronic Toll Collection System Market Breakdown by Technology
10.1.1.2.3 Germany Electronic Toll Collection System Market Breakdown by Application
10.1.1.3 France Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 France Electronic Toll Collection System Market Breakdown by Offering
10.1.1.3.2 France Electronic Toll Collection System Market Breakdown by Technology
10.1.1.3.3 France Electronic Toll Collection System Market Breakdown by Application
10.1.1.4 Italy Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Italy Electronic Toll Collection System Market Breakdown by Offering
10.1.1.4.2 Italy Electronic Toll Collection System Market Breakdown by Technology
10.1.1.4.3 Italy Electronic Toll Collection System Market Breakdown by Application
10.1.1.5 United Kingdom Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 United Kingdom Electronic Toll Collection System Market Breakdown by Offering
10.1.1.5.2 United Kingdom Electronic Toll Collection System Market Breakdown by Technology
10.1.1.5.3 United Kingdom Electronic Toll Collection System Market Breakdown by Application
10.1.1.6 Russia Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Russia Electronic Toll Collection System Market Breakdown by Offering
10.1.1.6.2 Russia Electronic Toll Collection System Market Breakdown by Technology
10.1.1.6.3 Russia Electronic Toll Collection System Market Breakdown by Application
10.1.1.7 Rest of Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.7.1 Rest of Europe Electronic Toll Collection System Market Breakdown by Offering
10.1.1.7.2 Rest of Europe Electronic Toll Collection System Market Breakdown by Technology
10.1.1.7.3 Rest of Europe Electronic Toll Collection System Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Conduent Inc
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 Kapsch TrafficCom AG
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 SA
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 Magnetic Autocontrol GmbH
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 Sociedad Iberica de Construcciones Electricas SA
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 Verra Mobility Corp
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 Mitsubishi Heavy Industries Ltd
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 Cubic Transportation Systems, Inc.
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 Q-Free ASA
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
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 2. Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Offering
Table 4. Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 5. Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Germany Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 8. Germany Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 9. Germany Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. France Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 11. France Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 12. France Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Italy Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 14. Italy Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 15. Italy Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. United Kingdom Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – Â By Offering
Table 17. United Kingdom Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 18. United Kingdom Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. Russia Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 20. Russia Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 21. Russia Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. Rest of Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 23. Rest of Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 24. Rest of Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 25. List of Abbreviation
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LIST OF FIGURES
Figure 2. Ecosystem: Electronic Toll Collection System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
Figure 5. Europe Electronic Toll Collection System Market Share (%) – Offering, 2022 and 2030
Figure 6. Systems Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Europe Electronic Toll Collection System Market Share (%) Technology, 2022 and 2030
Figure 9. RFID Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. DSRC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. ANPR Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. GNSS Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Europe Electronic Toll Collection System Market Share (%) Application, 2022 and 2030
Figure 15. Highways Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Urban Zones Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Electronic Toll Collection System Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 18. Electronic Toll Collection System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. Germany Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. France Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Italy Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. United Kingdom Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Russia Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Rest of Europe Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
1. Conduent Inc
2. Kapsch TrafficCom AG
3. Thales SA
4. Magnetic Autocontrol GmbH
5. Sociedad Iberica de Construcciones Electricas SA
6. Verra Mobility Corp
7. Mitsubishi Heavy Industries Ltd.
8. Cubic Transportation Systems, Inc
9. Q-Free ASA.
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