Thailand and Philippines Tolling and City Congestion Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187245
  • Format: Electronic (PDF)
  • Number of Pages: 210
  • Author(s): Joshi, Madhavi

Report Overview

The Thailand and Philippines Tolling and City Congestion Market size was estimated at USD 950 million in 2023 and is projected to reach USD 2.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.00% during the forecast period (2024-2030).

Thailand and Philippines Tolling and City Congestion Market

(Market Size)
$950 million
$2.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 17.00%
2023 Market Size USD 950 million
2030 Market Size USD 2.8 billion
Key Players Kapsch, Thales, Siemens, Cubic, TransCore

Market Summary

The Thailand and Philippines tolling and city congestion market represents a critical segment within the broader automotive and transportation industry, addressing the challenges and opportunities presented by urban mobility and highway infrastructure. In both nations, rapid urbanization and economic growth have led to increased vehicle ownership, placing significant strain on existing road networks and resulting in chronic congestion in major metropolitan areas like Bangkok and Metro Manila. This has catalyzed substantial investment in toll road development and intelligent transportation systems aimed at improving traffic flow and generating revenue for further infrastructure projects. The market encompasses a wide array of solutions, including electronic toll collection systems, congestion charging schemes, traffic management software, and related services provided by both international technology firms and local operators. Governments are actively pursuing public-private partnerships to fund and manage these large-scale projects, recognizing that efficient tolling and congestion management are indispensable for sustainable economic development. The strategic focus is shifting towards integrating digital technologies to create smarter, more efficient transportation corridors that can alleviate gridlock and enhance the overall commuter experience.

Key Highlights

The Thailand and Philippines tolling and city congestion market is characterized by several defining features. A primary highlight is the aggressive expansion and modernization of toll road networks, such as Thailand's extensive expressway system and the Philippines' North Luzon Expressway and South Luzon Expressway, which are crucial for inter-city and regional connectivity. The adoption of electronic toll collection technologies, notably RFID-based systems, is accelerating, moving both countries away from cash-based transactions towards seamless, non-stop tolling. This enhances transaction speed, reduces congestion at plazas, and improves revenue assurance for operators. Another significant highlight is the growing experimentation with and deployment of congestion pricing and low emission zones in central business districts, aimed at managing traffic demand and reducing environmental impact. The market is also witnessing increased involvement of major conglomerates and infrastructure giants, such as San Miguel Corporation in the Philippines and BGSR Joint Venture in Thailand, who are driving innovation and investment. Furthermore, the integration of data analytics and real-time traffic management systems is becoming a standard, allowing for dynamic toll pricing and improved incident response on critical roadways.

Drivers, Opportunities & Restraints

The growth of the tolling and city congestion market in Thailand and the Philippines is propelled by a confluence of powerful drivers. The most significant driver is the relentless pace of urbanization, which concentrates economic activity and population in major cities, inevitably leading to severe traffic congestion that necessitates managed toll solutions. Government initiatives and national infrastructure programs provide a substantial push, with policies explicitly favoring toll road development and intelligent transport systems to boost economic competitiveness. The increasing vehicle parc, particularly the rise in private car ownership, further fuels the demand for efficient road space management. Opportunities within this market are abundant and lie in the digital transformation of transportation. The integration of Internet of Things sensors, artificial intelligence for predictive traffic modeling, and mobile application-based payment and navigation services present new frontiers for service providers. There is also significant opportunity in developing integrated multi-modal transport solutions that connect toll roads with public transit options. However, the market faces considerable restraints. High capital expenditure requirements for building and upgrading toll infrastructure can be a barrier to entry and slow project rollout. Public resistance to toll rate increases and new congestion charging schemes can pose political and social challenges. Furthermore, issues related to interoperability between different toll systems and the need for robust cybersecurity for digital platforms are ongoing concerns that industry stakeholders must continuously address.

Concentration Insights

The competitive landscape of the Thailand and Philippines tolling and city congestion market demonstrates a high degree of concentration, dominated by a mix of large domestic conglomerates and specialized international technology providers. The market for infrastructure operation is particularly concentrated, with a few key players holding long-term concessions for major tollways. In Thailand, prominent operators include the Bangkok Expressway and Metro Public Company Limited and the BGSR Joint Venture, which manage significant portions of the metropolitan expressway network. The Philippines market is similarly structured, with San Miguel Corporation, Metro Pacific Tollways Corporation, and the government's Toll Regulatory Board being central figures. The supply side for technology and systems, including toll collection hardware and software, is led by global firms like Kapsch TrafficCom, Thales Group, and Siemens, which partner with local entities for deployment and maintenance. This concentration creates high barriers to entry for new players but also ensures that large, capable entities with significant financial and technical resources are responsible for critical national infrastructure. The market dynamics are shaped by these entrenched relationships, though there is a growing ecosystem of local tech startups focusing on ancillary services like traffic data analytics and mobility-as-a-service applications.

Type Insights

The market can be segmented by the type of systems and solutions deployed, primarily divided into tolling systems and congestion management solutions. Tolling systems form the core of the market, with a clear evolution from traditional manual toll collection to electronic toll collection systems. These ETC systems utilize technologies such as radio-frequency identification, dedicated short-range communication, and automatic number-plate recognition to facilitate automatic fee deduction, thereby reducing queue times and operational costs. Open road tolling, which allows vehicles to pass through at highway speeds without dedicated toll booths, represents the most advanced implementation. Congestion management solutions encompass a broader set of tools designed to mitigate urban traffic jams. This includes adaptive traffic signal control systems that adjust timings based on real-time traffic flow, dynamic message signs to provide driver information, and centralized traffic management centers that monitor and coordinate responses to incidents. Furthermore, the concept of congestion charging, where vehicles are charged a fee for entering a designated congested zone during peak hours, is being seriously explored in major cities as a demand-management tool, representing a significant future growth area for the market.

Application Insights

Applications within the Thailand and Philippines tolling and city congestion market are diverse, targeting both highway and urban environments. The foremost application is on inter-city and intra-city expressways, where tolling is applied to finance construction, maintenance, and operation of the road infrastructure. This application is mature and represents the bulk of current market revenue. A critical and growing application is urban congestion pricing, which is designed not to fund roads but to manage travel demand in city centers by imposing a cost on driving during peak hours, thereby encouraging use of public transport or travel at off-peak times. Electronic toll collection is another vital application, deployed at toll plazas to increase throughput and reduce delays for commuters. Furthermore, these technologies are applied in parking management systems for commercial centers and airports, creating a seamless payment experience. Data analytics applications are increasingly important, where information gathered from toll transponders, traffic cameras, and sensors is used to analyze traffic patterns, predict congestion, and inform long-term urban planning and infrastructure development decisions for government bodies and private operators alike.

Regional Insights

Regional analysis reveals distinct characteristics and development stages between Thailand and the Philippines. In Thailand, the market is more mature, particularly around the Bangkok Metropolitan Region, which hosts a complex and extensive network of elevated tollways and expressways. The Thai government has been proactive in implementing electronic toll collection, with the Easy Pass system being widely adopted. Development is also significant in other economic corridors connecting industrial estates to deep-sea ports. The Philippines market, while rapidly growing, faces different challenges, with congestion profoundly affecting Metro Manila. Key projects are often focused on decongesting this primary hub, such as the construction of connector roads between the North and South Luzon Expressways. The archipelago's geography also necessitates investments in toll bridges and roads that connect islands. Both countries exhibit strong regional demand driven by their status as emerging economic powerhouses in Southeast Asia, but the specific infrastructure priorities, regulatory frameworks, and pace of technological adoption can vary significantly between the two nations, influenced by local economic conditions, government policy, and urban development patterns.

Company Insights

The competitive arena features a strategic blend of large infrastructure developers and technology specialists. In Thailand, the Bangkok Expressway and Metro Public Company Limited is a major player, operating key expressways. The BGSR Joint Venture, comprising BTS Group Holdings, Sino-Thai Engineering and Construction, and Ratch Group, is another significant entity involved in toll road projects. International technology providers like Kapsch TrafficCom have a strong presence, supplying and maintaining the electronic toll collection systems. In the Philippines, San Miguel Corporation has become an infrastructure behemoth, with its tollway unit managing crucial assets like the Tarlac-Pangasinan-La Union Expressway. Metro Pacific Tollways Corporation, a unit of Metro Pacific Investments Corporation, operates a large network including the North Luzon Expressway and the Cavite Expressway. These companies are not merely toll collectors; they are increasingly positioned as comprehensive mobility solution providers, investing in technology upgrades, customer service platforms, and integration with other transport modes to enhance their value proposition and secure their long-term concessions in these high-growth markets.

Recent Developments

The market has been dynamic, with several recent developments signaling its evolution. A major trend is the full-scale implementation of cashless tolling systems. In the Philippines, the government-mandated shift to a 100% cashless toll collection system using RFID tags has been a significant nationwide rollout, impacting all major expressways. Thailand continues to expand its Easy Pass network and integrate it with other digital services. Another key development is the progression of major new infrastructure projects. The San Miguel Corporation's ongoing airport project in Bulacan, Philippines, includes plans for an extensive toll road network to support connectivity, representing a massive new investment. There is also increased focus on interoperability, with discussions and pilots aimed at creating a seamless experience for motorists who travel across different toll systems operated by various companies. Furthermore, companies are increasingly launching mobile applications that provide users with real-time traffic information, electronic toll payment options, and route planning, marking a shift towards customer-centric digital mobility platforms rather than just physical infrastructure operation.

Report Segmentation

This comprehensive market research report on the Thailand and Philippines tolling and city congestion market provides a detailed analysis structured through multiple segments to offer a granular understanding of the industry landscape. The report is meticulously segmented by type, delving into the various tolling technologies such as electronic toll collection and manual toll collection, as well as congestion management solutions like traffic management systems and congestion pricing schemes. It further breaks down the market by application, distinguishing between the uses on highways and in urban areas, highlighting the specific challenges and solutions relevant to each environment. A crucial component of the segmentation is the regional analysis, which provides separate, in-depth coverage for Thailand and the Philippines, acknowledging their unique market dynamics, regulatory policies, and growth trajectories. Additionally, the report includes a dedicated company profiling section, which offers insights into the strategies, market share, and service offerings of the leading players and innovators operating within this space. This multi-faceted segmentation ensures that the report delivers targeted and actionable intelligence for stakeholders across the value chain.

FAQs

What are the main causes of traffic congestion in Manila and Bangkok?

The primary causes include rapid urbanization, high vehicle ownership rates, inadequate public transportation infrastructure in certain areas, and a high concentration of economic activity in central business districts, overwhelming the road capacity during peak hours.

How does electronic toll collection work?

Electronic toll collection systems use technologies like RFID tags or transponders mounted on vehicles. As a vehicle passes through a toll lane, an overhead reader detects the tag and automatically deducts the toll fee from a pre-paid account, allowing for non-stop travel.

What is the difference between tolling and congestion charging?

Tolling is typically a fee charged for the use of a specific road or bridge to fund its construction and maintenance. Congestion charging is a fee levied on vehicles entering a designated congested urban area, aimed specifically at reducing traffic volume during peak times rather than funding infrastructure.

Who are the major tollway operators in the Philippines?

Major operators include San Miguel Corporation through its infrastructure unit, Metro Pacific Tollways Corporation which operates networks like NLEX and SLEX, and the government's Toll Regulatory Board which oversees the sector.

What technologies are used for smart traffic management?

Smart traffic management utilizes a suite of technologies including IoT sensors, AI-powered video analytics for traffic flow monitoring, adaptive traffic signal control systems, and centralized software platforms that integrate data for real-time decision-making and incident response.

Are there any plans for congestion pricing in Southeast Asian cities?

Metropolitan authorities in both Bangkok and Manila have conducted studies and shown serious interest in implementing congestion pricing schemes in their most congested central zones as a long-term strategy to manage demand, though widespread implementation is still in the planning and proposal stages.

The Global Thailand and Philippines Tolling & City Congestion Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Thailand and Philippines Tolling & City Congestion Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Thailand and Philippines Tolling and City Congestion Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Thailand and Philippines Tolling & City Congestion Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Thailand and Philippines Tolling and City Congestion Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Thailand and Philippines Tolling and City Congestion Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Thailand and Philippines Tolling & City Congestion Market
• Research Methodology
• Executive Summary
• Market Dynamics of Thailand and Philippines Tolling & City Congestion Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Thailand and Philippines Tolling & City Congestion Market
• Cost and Gross Margin Analysis of Thailand and Philippines Tolling & City Congestion Market
• Thailand and Philippines Tolling & City Congestion Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Thailand and Philippines Tolling & City Congestion Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Thailand and Philippines Tolling and City Congestion Market Key Stakeholders

Below are the key stakeholders for the Thailand and Philippines Tolling & City Congestion Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Thailand and Philippines Tolling & City Congestion Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Thailand and Philippines Tolling & City Congestion Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Thailand and Philippines Tolling & City Congestion Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Thailand and Philippines Tolling & City Congestion Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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Frequently Asked Questions

The Global Thailand and Philippines Tolling & City Congestion Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Thailand and Philippines Tolling and City Congestion Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Thailand and Philippines Tolling and City Congestion Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Thailand and Philippines Tolling and City Congestion Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Thailand and Philippines Tolling and City Congestion Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Thailand and Philippines Tolling and City Congestion Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Thailand and Philippines Tolling and City Congestion Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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