| Product Code: ETC5572109 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a high Herfindahl-Hirschman Index indicating market concentration, the import shipments of electronic toll collection devices to Saint Vincent and the Grenadines saw a decline in growth rate in 2023. The top exporters to the country included the United States of America, Puerto Rico, Panama, Switzerland, and Italy. With a compound annual growth rate (CAGR) of 0.55, the market faced challenges with a negative growth rate of -10.96. It will be interesting to monitor how these trends evolve in the coming years and their impact on the market dynamics.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saint Vincent and the Grenadines Electronic Toll Collection Market Overview |
3.1 Saint Vincent and the Grenadines Country Macro Economic Indicators |
3.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, 2021 & 2031F |
3.3 Saint Vincent and the Grenadines Electronic Toll Collection Market - Industry Life Cycle |
3.4 Saint Vincent and the Grenadines Electronic Toll Collection Market - Porter's Five Forces |
3.5 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Saint Vincent and the Grenadines Electronic Toll Collection Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives to modernize transportation infrastructure |
4.2.2 Increasing traffic congestion and the need for efficient toll collection systems |
4.2.3 Growing adoption of electronic payment methods |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing electronic toll collection systems |
4.3.2 Limited awareness and acceptance of electronic toll collection among the population |
4.3.3 Regulatory challenges and legal framework issues |
5 Saint Vincent and the Grenadines Electronic Toll Collection Market Trends |
6 Saint Vincent and the Grenadines Electronic Toll Collection Market Segmentations |
6.1 Saint Vincent and the Grenadines Electronic Toll Collection Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By RFID, 2021-2031F |
6.1.3 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By DSRC, 2021-2031F |
6.1.4 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saint Vincent and the Grenadines Electronic Toll Collection Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Back-office and Other Services, 2021-2031F |
6.3 Saint Vincent and the Grenadines Electronic Toll Collection Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Highways, 2021-2031F |
6.3.3 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Urban Area, 2021-2031F |
6.4 Saint Vincent and the Grenadines Electronic Toll Collection Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Transponder-/Tag-based Tolling Systems, 2021-2031F |
6.4.3 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenues & Volume, By Other Tolling Systems, 2021-2031F |
7 Saint Vincent and the Grenadines Electronic Toll Collection Market Import-Export Trade Statistics |
7.1 Saint Vincent and the Grenadines Electronic Toll Collection Market Export to Major Countries |
7.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Imports from Major Countries |
8 Saint Vincent and the Grenadines Electronic Toll Collection Market Key Performance Indicators |
8.1 Average transaction time at toll booths |
8.2 Percentage increase in electronic toll collection usage year-over-year |
8.3 Number of new toll collection points implementing electronic systems |
9 Saint Vincent and the Grenadines Electronic Toll Collection Market - Opportunity Assessment |
9.1 Saint Vincent and the Grenadines Electronic Toll Collection Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 Saint Vincent and the Grenadines Electronic Toll Collection Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 Saint Vincent and the Grenadines Electronic Toll Collection Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Saint Vincent and the Grenadines Electronic Toll Collection Market - Competitive Landscape |
10.1 Saint Vincent and the Grenadines Electronic Toll Collection Market Revenue Share, By Companies, 2024 |
10.2 Saint Vincent and the Grenadines Electronic Toll Collection Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |