Market Overview:
The global parking management market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for smart parking solutions and services, rising concerns over traffic congestion and pollution, and growing adoption of IoT-based parking solutions. The global parking management market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into solutions, services, consulting, system integration and deployment, support and maintenance. The solution segment is further sub-segmented into Parking Access Control Systems (PACS), Parking Revenue Control Systems (PRCS), Parking Guidance Systems (PGS), Others (including valet systems). The service segment is further sub-segmented into professional services and managed services. Consulting includes design & engineering consultancy; system integration & deployment includes hardware installation & commissioning; support & maintenance includes remote monitoring & technical support; others include training & education service providers etc.). On the basis of application, the market is divided into off-street parkingand on-street parking segments.).
Product Definition:
Parking Management is the process of regulating and managing parking demand in an area. The purpose of parking management is to ensure that parking spaces are available to those who need them, while also ensuring that traffic flow and safety are not compromised. Parking management can include a variety of strategies, such as pricing, time limits, and restrictions on which vehicles can park in certain areas.
Solutions:
Solution is a software system that helps in easy and quick management of parking spaces. It provides information about vacant or occupied spaces, available space, number of cars etc. This solution also helps to calculate fines for illegal parking and display alerts on screen when there is an illegal spot.
Services:
Services are the invisible components in any industry that make the wheels of business move. In Parking Management, there are several services such as Valet Parking, Garaging Services, Traffic Control and Security Services that help to maintain a healthy flow of traffic and reduce congestion at parking lots. These services not only provide convenience but also ensure safety for both customers & employees working in or visiting the facility.
Application Insights:
The off-street parking application segment accounted for the largest revenue share of over 60% in 2017. The growing number of airports and railway stations, as well as rising demand for on-street parking spaces have led to an increase in the use of off-street facilities. Furthermore, governments are taking initiatives to ease congestion in city centers by building additional car park facilities near commercial hubs and shopping malls. This is expected to drive demand over the forecast period.
On the other hand, on-street parking is likely to witness a higher CAGR during the forecast period owing to increasing urbanization and consumer preference for on-site valet services at hotels and restaurants or within short walking distance from such places.
Regional Analysis:
North America accounted for the largest market share in 2017. The growth of the regional market can be attributed to increasing investments in smart city projects and growing adoption of mobile, cloud-based solutions. Furthermore, presence of prominent players such as Covia Inc.; garages around; ParkWhiz; Parkopedia; and SpotHero has contributed to the growth of off-street parking management systems in North America.
Asia Pacific is expected to emerge as a lucrative region over the forecast period owing to rapid urbanization across emerging economies such as India and China. In addition, rising number of construction activities due to growing population is anticipated to drive demand for on-street parking spaces resulting into increased utilization rates for off-street parking management systems over the forecast period. Moreover, increasing government initiatives aimed at developing smart cities are further expected fuel industry growth over next eight years (2030).
Growth Factors:
- Increasing demand for parking spaces from the automotive and transportation sector
- Growing trend of smart cities and the need for better parking management systems
- Proliferation of ride-sharing services such as Uber and Lyft, which has led to a decrease in the demand for personal vehicles
- The increasing number of women drivers, who often face difficulty finding parking spots
- The growing popularity of electric vehicles, which require less space for parking
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Management Market Research Report
By Type
Solutions, Services, Consulting, System Integration and Deployment, Support and Maintenance
By Application
Off-street Parking, On-street Parking
By Companies
Conduent, Amano, Q-Free, Indigo Park Services, Chetu, Streetline, SWARCO, T2 Systems, SKIDATA, Flowbird, INRIX, FlashParking, Parkmobile, NuPark, SpotHero, TIBA Parking, Urbiotica, Smart Parking, SAP, Siemens, APCOA, Bosch Mobility Solutions, GET MY PARKING, Nester
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Parking Management Market Report Segments:
The global Parking Management market is segmented on the basis of:
Types
Solutions, Services, Consulting, System Integration and Deployment, Support and Maintenance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Off-street Parking, On-street Parking
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Conduent
- Amano
- Q-Free
- Indigo Park Services
- Chetu
- Streetline
- SWARCO
- T2 Systems
- SKIDATA
- Flowbird
- INRIX
- FlashParking
- Parkmobile
- NuPark
- SpotHero
- TIBA Parking
- Urbiotica
- Smart Parking
- SAP
- Siemens
- APCOA
- Bosch Mobility Solutions
- GET MY PARKING
- Nester
Highlights of The Parking Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solutions
- Services
- Consulting
- System Integration and Deployment
- Support and Maintenance
- By Application:
- Off-street Parking
- On-street Parking
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Parking Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Parking management is the process of planning, organizing, and managing parking facilities. It includes developing policies and procedures for managing parking resources; establishing rates, hours of operation, and enforcement methods; marketing the facility to drivers and tenants; maintaining records of transactions; monitoring conditions in the lot or garage.
Some of the key players operating in the parking management market are Conduent, Amano, Q-Free, Indigo Park Services, Chetu, Streetline, SWARCO, T2 Systems, SKIDATA, Flowbird, INRIX, FlashParking, Parkmobile, NuPark, SpotHero, TIBA Parking, Urbiotica, Smart Parking, SAP, Siemens, APCOA, Bosch Mobility Solutions, GET MY PARKING, Nester.
The parking management market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parking Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Parking Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parking Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Parking Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Parking Management Market Size & Forecast, 2020-2028
4.5.1 Parking Management Market Size and Y-o-Y Growth
4.5.2 Parking Management Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solutions
5.2.2 Services
5.2.3 Consulting
5.2.4 System Integration and Deployment
5.2.5 Support and Maintenance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Off-street Parking
6.2.2 On-street Parking
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parking Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Parking Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solutions
9.6.2 Services
9.6.3 Consulting
9.6.4 System Integration and Deployment
9.6.5 Support and Maintenance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Off-street Parking
9.10.2 On-street Parking
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solutions
10.6.2 Services
10.6.3 Consulting
10.6.4 System Integration and Deployment
10.6.5 Support and Maintenance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Off-street Parking
10.10.2 On-street Parking
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solutions
11.6.2 Services
11.6.3 Consulting
11.6.4 System Integration and Deployment
11.6.5 Support and Maintenance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Off-street Parking
11.10.2 On-street Parking
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solutions
12.6.2 Services
12.6.3 Consulting
12.6.4 System Integration and Deployment
12.6.5 Support and Maintenance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Off-street Parking
12.10.2 On-street Parking
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solutions
13.6.2 Services
13.6.3 Consulting
13.6.4 System Integration and Deployment
13.6.5 Support and Maintenance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Off-street Parking
13.10.2 On-street Parking
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Parking Management Market: Competitive Dashboard
14.2 Global Parking Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Conduent
14.3.2 Amano
14.3.3 Q-Free
14.3.4 Indigo Park Services
14.3.5 Chetu
14.3.6 Streetline
14.3.7 SWARCO
14.3.8 T2 Systems
14.3.9 SKIDATA
14.3.10 Flowbird
14.3.11 INRIX
14.3.12 FlashParking
14.3.13 Parkmobile
14.3.14 NuPark
14.3.15 SpotHero
14.3.16 TIBA Parking
14.3.17 Urbiotica
14.3.18 Smart Parking
14.3.19 SAP
14.3.20 Siemens
14.3.21 APCOA
14.3.22 Bosch Mobility Solutions
14.3.23 GET MY PARKING
14.3.24 Nester
