Toll Roads & Weigh Stations in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 48849Revenue
$6.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
30,085
Businesses
2,434
Wages
$X.Xbn
Toll Roads & Weigh Stations in the US industry analysis
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 will continue to perform well in the near future. Steady GDP growth will keep demand for the industry's services from households and trucking companies high, while lower fuel prices will encourage travel again. Government investment in highways is forecast to grow during the outlook period.Despite these projections, the level of spending on this infrastructure will be very uncertain because of shifting power in Washington, enhancing revenue volatility. Companies will implement automated systems to streamline the storage process, while high-pressure water jetting systems will make highway cleaning more attractive. These innovations will provide new revenue streams for the industry. Overall, revenue for toll roads and weigh stations is forecast to creep upward at a CAGR of 1.9% during the outlook period, reaching $6.9 billion in 2028. Profit is projected to comprise 9.8% of revenue in that year.
Trends and Insights
- Revenue has surged during the current period. The industry benefited from downstream demand during the pandemic recovery, but soaring fuel prices have inhibited revenue recently.
- Handling and warehousing services make up the largest proportion of revenue because it’s the most profitable product segment. Tolls on roads, bridges and highways are also essential to the functioning of this industry.
- Many large manufacturers exist in the Great Lakes region. Since these companies need trucks to transport materials to and from their plants, spending on tolls is high, leading to significant penetration by the industry.
- Competition is limited because of the fixed nature of most infrastructure and establishments (e.g., service stations, toll roads, bridges). Competition based on price is high for medium-to-long-term commercial contract work, as construction companies will often help build a toll, weigh station or warehouse for the highest bidder.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 7.3 % over the past five years, to reach an estimated $6.3bn in 2024.
Trends and Insights
Solid economic conditions boosted revenue pre-pandemic
- In the years immediately preceding COVID-19, the US economy was in its final stages of an expansion following the 2008 financial crisis.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Steady GDP growth will benefit the household and commercial sectors
- Despite challenges related to high inflation, rising interest rates and recessionary fears, the US economy is expected to perform well during the outlook period.
Biggest companies in the Toll Roads & Weigh Stations in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Sweeping Corporation of America Inc. | 222.6 | 17.4 | 7.8 | |
Joe’s Sweeping Inc. | 9.6 | 0.8 | 7.8 | |
Precision Cleaning Inc. | 4.0 | 0.3 | 7.8 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Toll road, bridge, highway and tunnel operation, Weighing services and vehicle repair and Other maintenance. Toll road, bridge, highway and tunnel operation is the largest segment of the Toll Roads & Weigh Stations in the US.
Trends and Insights
The industry operates public infrastructure
- Toll road, bridge, highway and tunnel operation is a primary service the industry offers, as it comprises more than one-fifth of revenue.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Charter Flights in the US
- Rail Transportation in the US
Complementors
- Car & Automobile Manufacturing in the US
- Local Freight Trucking in the US
- Automobile Towing in the US
- Sightseeing Transportation in the US
International industries
- Toll Road Operators in Australia
- Toll Road Operation in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Terminal and service facilities for road usersTrucking terminal facilitiesFixed inspection and weighing services for road usersToll road operationToll bridge operationToll tunnel operationCompanies
Sweeping Corporation of America Inc.Joe’s Sweeping Inc.Precision Cleaning Inc.Purchase this report to view all 7 major companies in this industry.
Related Terms
PUBLIC-PRIVATE PARTNERSHIP (PPP)TOLLWEIGH BRIDGEVIRTUAL WEIGH STATION (VWS)Industry Code
NAICS 48849 - Toll Roads & Weigh Stations in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Revenue has surged during the current period. The industry benefited from downstream demand during the pandemic recovery, but soaring fuel prices have inhibited revenue recen...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Handling and warehousing services make up the largest proportion of revenue because it’s the most profitable product segment. Tolls on roads, bridges and highways are also es...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Many large manufacturers exist in the Great Lakes region. Since these companies need trucks to transport materials to and from their plants, spending on tolls is high, leadin...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition is limited because of the fixed nature of most infrastructure and establishments (e.g., service stations, toll roads, bridges). Competition based on price is high...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry’s major players comprise a sliver of revenue. Market share concentration is low because of localization, but the presence of contracts raises consolidation somew...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Sweeping Corporation of America Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Joe’s Sweeping Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Precision Cleaning Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for Sweeping Corporation of America Inc., and factors influencing its performance in the industry
- Description and key data for Joe’s Sweeping Inc., and factors influencing its performance in the industry
- Description and key data for Precision Cleaning Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Since the industry is often in partnership with the government, toll roads and weigh stations are subject to many different regulations. These relate to public-private partne...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has been volatile during the current period. It plunged during COVID-19, surged amid the pandemic recovery and has shifted amid uncertain economic conditions.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Toll Roads & Weigh Stations in the US industry in United States in 2024?
The market size of the Toll Roads & Weigh Stations in the US industry in United States is $6.3bn in 2024.
How many businesses are there in the Toll Roads & Weigh Stations in the US industry in 2024?
There are 2,434 businesses in the Toll Roads & Weigh Stations in the US industry in United States, which has grown at a CAGR of 5.8 % between 2019 and 2024.
Has the Toll Roads & Weigh Stations in the US industry in United States grown or declined over the past 5 years?
The market size of the Toll Roads & Weigh Stations in the US industry in United States has been growing at a CAGR of 7.3 % between 2019 and 2024.
What is the forecast growth of the Toll Roads & Weigh Stations in the US industry in United States over the next 5 years?
Over the next five years, the Toll Roads & Weigh Stations in the US industry in United States is expected to grow.
What are the biggest companies in the Toll Roads & Weigh Stations in the US market in United States?
The biggest companies operating in the Toll Roads & Weigh Stations market in United States are Sweeping Corporation of America Inc., Joe’s Sweeping Inc. and Precision Cleaning Inc.
What does the Toll Roads & Weigh Stations in the US in United States include?
Terminal and service facilities for road users and Trucking terminal facilities are part of the Toll Roads & Weigh Stations in the US industry.
Which companies have the highest market share in the Toll Roads & Weigh Stations in the US in United States?
The company holding the most market share in United States is Sweeping Corporation of America Inc..
How competitive is the Toll Roads & Weigh Stations in the US industry in United States?
The level of competition is moderate and steady in the Toll Roads & Weigh Stations in the US industry in United States.
