Toll Roads & Weigh Stations in the US - Industry Market Research Report

Toll Roads & Weigh Stations in the US - Industry Market Research Report

Toll Roads & Weigh Stations in the US

Toll roads and weigh stations in the United States derive revenue from three distinct product segments: tolls, maintenance and repair services and warehousing and handling services. High economic growth in the years immediately preceding the pandemic raised consumer spending and per capita disposable incomes, boosting demand from the commercial and residential sectors and raising revenue growth. COVID-19 severely reduced driving, inhibiting revenue for toll roads. Despite this, increased government investment in highways caused states and localities to pay private toll operators to man existing infrastructure, keeping revenue growth positive in 2020. Travel soared as pandemic restrictions were eased, so revenue skyrocketed in 2021. Supply chain disruptions have caused fuel prices to surge, which has reduced the movement of cars and trucks recently. Overall, revenue for toll roads and weigh stations is anticipated to soar at a CAGR of 7.3% during the current period, reaching $6.3 billion in 2023. Revenue is expected to rise 2.5% in that year.

Toll roads and weigh stations provide services to road-network users, excluding motor vehicle towing. Companies operate motor vehicle passenger terminals with service facilities, inspect and weigh goods in connection with transportation and vehicles and operate fixed facilities for motor vehicle transportation, such as toll roads and highway bridges. This doesn't include government establishments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.