Market Overview:
The global parking ticket machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of parking kiosks and meters in various applications such as government institutions, hospitals, parks, malls, and other commercial areas. North America is expected to hold the largest share of the global parking ticket machine market in 2018 owing to the presence of developed countries such as Canada and the U.S., where there is a high demand for smart parking solutions.
Product Definition:
A parking ticket machine is a machine used to issue parking tickets. They are usually found in controlled parking areas, such as car parks and on-street parking bays. The machines can be coin-operated or use a smart card payment system.
Parking Meter (Single Space):
Parking meter (Single space) is a mechanical device used for measuring the time duration of vehicle's stay in a particular place. It works on an electromagnetic principle, which consists of two coils, one of which attracts and holds the metal coin or paper while the other measures time. The whole system is installed at parking spaces/streets with no entry and exit points to keep track of vehicles' remaining duration.
Parking Kiosks (Multi Space):
Parking kiosks are multi-space devices that help drivers to pay for their parking slots by feeding the ticket into a machine. The device is designed in such a way that it can be placed at any convenient location, which is visible to all drivers.
The demand for these devices has been growing over the past few years and this growth can be attributed to several factors including rising number of vehicles, traffic congestion, and shortage of parking spaces.
Application Insights:
The government institutions application segment accounted for the largest share of more than 40.0% in 2017. The growth is attributed to the increasing number of construction projects and initiatives by local governments across the globe to develop their cities into smart cities, which require a large number of parking spaces. As a result, private operators are compelled to set up new units at various locations so as to cater all the requirements of drivers and passengers visiting these places for commercial or leisure purposes.
The hospitals application segment is expected register significant growth over the forecast period owing to an increase in healthcare tourism that has resulted in an increased need for parking facilities near hospitals or clinics offering medical services 24*7*.
Regional Analysis:
North America dominated the global industry in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing use of mobile devices, presence of well-established transit systems, and high spending power among consumers. Moreover, government initiatives encouraging public transportation usage are also anticipated to drive regional growth. For instance, in 2014 ‘Smart Cities' program was launched by the Department of Transportation for improving urban infrastructure through innovative solutions that would encourage sustainable travel choices such as reducing traffic congestion and greenhouse gas emissions while enhancing safety and mobility.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rising disposable income among middle class population groups along with growing awareness regarding ticketing machines installed at various places including hospitals, restaurants/caf©s/bars or shopping complexes etc.
Growth Factors:
- Increasing demand for parking spaces in urban areas
- Growing awareness about the benefits of using parking ticket machines
- Rising number of vehicle ownership
- Proliferation of smart cities that are looking to adopt new technologies
- Increasing investments in transportation infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Ticket Machine Market Research Report
By Type
Parking Meter (Single Space), Parking Kiosks (Multi Space)
By Application
Government Institutions, Hospitals, Parks, Malls, Other
By Companies
Hectronic, Parking BOXX, Cale Access, Hoeft & Wessel, JJ MacKay Canada, CivicSmart, Parkeon, LocoMobi, IPS Group, Ventek International, Shenzhen Horoad Electronic Technology
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Parking Ticket Machine Market Report Segments:
The global Parking Ticket Machine market is segmented on the basis of:
Types
Parking Meter (Single Space), Parking Kiosks (Multi Space)
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
Government Institutions, Hospitals, Parks, Malls, Other
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:
- Hectronic
- Parking BOXX
- Cale Access
- Hoeft & Wessel
- JJ MacKay Canada
- CivicSmart
- Parkeon
- LocoMobi
- IPS Group
- Ventek International
- Shenzhen Horoad Electronic Technology
Highlights of The Parking Ticket Machine 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:
- Parking Meter (Single Space)
- Parking Kiosks (Multi Space)
- By Application:
- Government Institutions
- Hospitals
- Parks
- Malls
- Other
- 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 Ticket Machine 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?
A parking ticket machine is a device used to dispense parking tickets.
Some of the major companies in the parking ticket machine market are Hectronic, Parking BOXX, Cale Access, Hoeft & Wessel, JJ MacKay Canada, CivicSmart, Parkeon, LocoMobi, IPS Group, Ventek International, Shenzhen Horoad Electronic Technology.
The parking ticket machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parking Ticket Machine 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 Ticket Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parking Ticket Machine 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 Ticket Machine 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 Ticket Machine Market Size & Forecast, 2018-2028
4.5.1 Parking Ticket Machine Market Size and Y-o-Y Growth
4.5.2 Parking Ticket Machine Market Absolute $ Opportunity
Chapter 5 Global Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Type
5.2.1 Parking Meter (Single Space)
5.2.2 Parking Kiosks (Multi Space)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Applications
6.2.1 Government Institutions
6.2.2 Hospitals
6.2.3 Parks
6.2.4 Malls
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parking Ticket Machine 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 Ticket Machine 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 Parking Ticket Machine Analysis and Forecast
9.1 Introduction
9.2 North America Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Type
9.6.1 Parking Meter (Single Space)
9.6.2 Parking Kiosks (Multi Space)
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 Parking Ticket Machine Market Size Forecast by Applications
9.10.1 Government Institutions
9.10.2 Hospitals
9.10.3 Parks
9.10.4 Malls
9.10.5 Other
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 Parking Ticket Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Type
10.6.1 Parking Meter (Single Space)
10.6.2 Parking Kiosks (Multi Space)
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 Parking Ticket Machine Market Size Forecast by Applications
10.10.1 Government Institutions
10.10.2 Hospitals
10.10.3 Parks
10.10.4 Malls
10.10.5 Other
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 Parking Ticket Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Type
11.6.1 Parking Meter (Single Space)
11.6.2 Parking Kiosks (Multi Space)
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 Parking Ticket Machine Market Size Forecast by Applications
11.10.1 Government Institutions
11.10.2 Hospitals
11.10.3 Parks
11.10.4 Malls
11.10.5 Other
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 Parking Ticket Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Parking Ticket Machine 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 Parking Ticket Machine Market Size Forecast by Type
12.6.1 Parking Meter (Single Space)
12.6.2 Parking Kiosks (Multi Space)
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 Parking Ticket Machine Market Size Forecast by Applications
12.10.1 Government Institutions
12.10.2 Hospitals
12.10.3 Parks
12.10.4 Malls
12.10.5 Other
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) Parking Ticket Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Parking Ticket Machine 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) Parking Ticket Machine Market Size Forecast by Type
13.6.1 Parking Meter (Single Space)
13.6.2 Parking Kiosks (Multi Space)
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) Parking Ticket Machine Market Size Forecast by Applications
13.10.1 Government Institutions
13.10.2 Hospitals
13.10.3 Parks
13.10.4 Malls
13.10.5 Other
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 Ticket Machine Market: Competitive Dashboard
14.2 Global Parking Ticket Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hectronic
14.3.2 Parking BOXX
14.3.3 Cale Access
14.3.4 Hoeft & Wessel
14.3.5 JJ MacKay Canada
14.3.6 CivicSmart
14.3.7 Parkeon
14.3.8 LocoMobi
14.3.9 IPS Group
14.3.10 Ventek International
14.3.11 Shenzhen Horoad Electronic Technology
