Road warriors: High toll fares and increased traffic will support steady industry growth

The Toll Roads and Weigh Stations industry fared well over the five years to 2018. The industry posted strong growth during the five-year period following steadily declining oil prices, which gave many Americans and businesses incentive to get back on the road. As fuel prices have decreased and more Americans have returned to driving more frequently, demand has been further aided by higher economic activity. The consequential increase in commercial freight has increased revenue from weighing services and toll roads. Moving forward, industry revenue will continue to increase as the labor market improves and more individuals opt for personal vehicles over public transportation...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
6.9%
Forecast Growth 18-23
Profit
Employment
23,411
Businesses
2,021
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue will continue to increase as the labor market improves and more individuals opt for personal vehicles
  • Strong enterprise growth was primarily driven by the shift to PPPs
  • The amount of freight transported over US highways is expected to increase
  • Industry Report - Industry Products Chapter

    The Toll Roads and Weigh Stations industry provides many services, but primarily operates toll roads, bridges, highways and tunnels. Industry operators also provide weighing services, vehicle repair and maintenance.Toll road, bridge, highway and tunnel operationAccounting for an estimated 29.7% of industry revenue, toll road, bridge, highway and tunnel operation are the primary services offered by the industry. The amount of revenue derived from these facilities, which are used by commercial and personal vehicles, is determined by the price of tolls and the level of traffic. The amount that is charged by toll operators is generally controlled by legislation, especially for companies that operate in public-private partnership agreements (PPPs)...purchase to read more.

    Additional Insights for the Toll Roads & Weigh Stations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Toll Roads & Weigh Stations Industry are

  • Ability to compete on tender
  • Carrying out all necessary maintenance to keep facilities in good condition
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Freight transportation services index in the Toll Roads & Weigh Stations industry impact industry performance..

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    What's in this report

    What is the Toll Roads & Weigh Stations Industry?

    Operators in the Toll Roads and Weigh Stations industry 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 does not include government establishments.

    Industry Products
  • Toll road, bridge, highway and tunnel operation
  • Weighing services and vehicle repair
  • Other maintenance
  • Warehousing services
  • Industry Activities
  • Terminal and service facilities for road users
  • Trucking terminal facilities
  • Fixed inspection and weighing services for road users
  • Toll road operation
  • Toll bridge operation
  • Toll tunnel operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Freight transportation services index
  • Government funding for highways
  • Total vehicle miles
  • World price of crude oil

  • Current Performance
  • Smoother roads for passenger and freight vehicles
  • Public-private agreements spur revenue
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • On the road again
  • Paying a high toll for credit
  • Weighing in
  • Table: Toll Roads & Weigh Stations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Toll Roads & Weigh Stations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Long-Distance Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Scheduled and Charter Bus Services
  • Consumers

  • Key Selling Industries
  • Bridge & Elevated Highway Construction
  • Electrical Equipment Manufacturing
  • Road & Highway Construction
  • Road & Highway Maintenance
  • Semiconductor Machinery Manufacturing

  • Products & Services
  • Warehousing services
  • Toll road, bridge, highway and tunnel operation
  • Weighing services and vehicle repair
  • Other maintenance
  • Chart: Toll Roads & Weigh Stations Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial trucks
  • Personal vehicles
  • Other vehicles
  • Chart: Major Market Segmentation for the Toll Roads & Weigh Stations Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Toll Roads & Weigh Stations

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Toll Roads & Weigh Stations Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Toll Roads & Weigh Stations Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Toll Roads & Weigh Stations Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Government funding for highways (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Public-Private Partnership (Ppp)
  • Joint ventures to design, build and operate large-scale public infrastructure between a private company and state or federal government.
  • Toll
  • A fee paid for access to a road, tunnel or bridge.
  • Virtual Weigh Station (Vws)
  • Also known as virtual weigh-in-motion, a virtual weigh station is an enforcement facility that is monitored remotely using technology and does not require continuous staffing.
  • Weigh Bridge
  • A large scale used to ensure loaded trucks comply with weight restrictions.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Toll Roads & Weigh Stations can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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    • Find out about key industry trends
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    This report on Toll Roads & Weigh Stations:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Toll Roads & Weigh Stations market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Toll Roads & Weigh Stations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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