The 2023-2028 World Outlook for Weigh in Motion Hardware

The 2023-2028 World Outlook for Weigh in Motion Hardware

This study covers the world outlook for weigh in motion hardware across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers weigh in motion hardware as defined by the North American Industrial Classification system or NAICS (pronounced nakes).

The NAICS code for weigh in motion hardware is 3329113. It is for this definition that aggregate latent demand estimates are derived. Weigh in motion hardware is specifically defined as follows:

3329113 IBBM, AWWA, and UL Industrial Valves for Water Works and Municipal Equipment

33291131 Industrial valves for water works and municipal equipment (IBBW, AWWA, and UL), except parts

33291132 Parts for industrial valves for water works and municipal equipment (IBBM, AWWA, and UL)

3329113101 Industrial IBBM gate line and tapping valves for water works and municipal equipment

3329113103 Industrial UL check valves (all pressures) for water works and municipal equipment

3329113105 All other industrial UL valves (all pressures), including pest indicators, for water works and municipal equipment

3329113107 Tapping sleeves and crosses for industrial valves for water works and municipal equipment (IBBM, AWWA, and UL)

3329113109 Fire hydrants

3329113111 Industrial AWWA check valves (all pressures) for water works and municipal equipment

3329113113 Industrial AWWA butterfly valves (all pressures) for water works and municipal equipment