Market Overview:
The global remote parking lock market is segmented on the basis of type, application and region. The type segment is further divided into K Type, D Type, O Type, T Type and A Type. The application segment is classified into commercial use and private use. The regional segmentation includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The global remote parking lock market is expected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. Some of the key factors that are expected to drive the growth of this market include increasing demand for smart homes and growing awareness about safety & security among consumers. Additionally, rising adoption of advanced technologies in automobiles is also anticipated to fuel the growth of this market in the coming years.
Product Definition:
A remote parking lock is a device that can be used to remotely secure a car. It typically consists of a small, keyless fob that can be used to activate the lock, as well as a receiver that can be mounted on the car. The remote parking lock is important because it provides an extra level of security for your car and helps deter theft.
K Type:
K type is a new term in the industry and has no direct equivalent in the English language. It was created by combining the first two letters of each of its component parts, which form an initialism that stands for Key Type and Technology.
D Type:
D type is a kind of lock used in the remote control of the vehicle. It is also known as keyless entry system or smart entry system. The D type lock has an integrated circuit, which helps to communicate with the receiver in the vehicle. The communication between both devices takes place through radio frequency identification technology or infrared light transmission technology.
Application Insights:
The commercial use segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of hotels, shopping malls and complexes, airports, and other public buildings such as government offices and hospitals that require parking facilities for vehicles. In addition, growing investments from companies in various emerging economies are expected to boost industry expansion over the forecast period.
Remote locking systems for commercial applications offer a high level of security against vehicle theft by preventing unauthorised users from opening or starting a vehicle without proper authority codes or access information.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to the presence of prominent service providers such as Valet Parking Inc., and ParkWhiz, which have revolutionized the way we approach parking services in this region. Moreover, increasing number of residential buildings having a high demand for on-site parking spaces is further driving regional growth.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income among consumers and business owners coupled with growing commercial construction activities in emerging economies such as China and India. Furthermore, government initiatives encouraging car sharing services are also anticipated to contribute toward regional demand for remote parking locks over the next eight years. For instance, according to a white paper published by Reserve Bank of India titled ‘Automobile-Sharing Services: An Emerging Trend’in 2016, automobile-sharing platforms reduced traffic congestion by upcharging vehicle fares during peak travel times while simultaneously reducing empty trips thereby contributing toward overall economic efficiency.
Growth Factors:
- Increasing demand for smart parking solutions
- Rising concerns over traffic congestion and pollution
- Growing popularity of shared mobility services
- Proliferation of autonomous vehicles
- Development of innovative parking technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Remote Parking Lock Market Research Report
By Type
K Type, D Type, O Type, T Type, A Type
By Application
Commercial Use, Private Use
By Companies
ZKTeco, Park Master, Designated Parking Corp., Parking System, Livfuture Automation & Security, Shenzhen Huangchi, Hangzhou Guzhi, Guangzhou KinouWell Technology, Wuhan Xilite Commercial Technologies
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Remote Parking Lock Market Report Segments:
The global Remote Parking Lock market is segmented on the basis of:
Types
K Type, D Type, O Type, T Type, A Type
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
Commercial Use, Private Use
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:
- ZKTeco
- Park Master
- Designated Parking Corp.
- Parking System
- Livfuture Automation & Security
- Shenzhen Huangchi
- Hangzhou Guzhi
- Guangzhou KinouWell Technology
- Wuhan Xilite Commercial Technologies
Highlights of The Remote Parking Lock 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:
- K Type
- D Type
- O Type
- T Type
- A Type
- By Application:
- Commercial Use
- Private Use
- 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 Remote Parking Lock 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.
How you may use our products:
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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?
Remote Parking Lock is a feature that allows you to lock your car while it's parked remotely.
Some of the major players in the remote parking lock market are ZKTeco, Park Master, Designated Parking Corp., Parking System, Livfuture Automation & Security, Shenzhen Huangchi, Hangzhou Guzhi, Guangzhou KinouWell Technology, Wuhan Xilite Commercial Technologies.
The remote parking lock market is expected to register a CAGR of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Remote Parking Lock 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 Remote Parking Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Remote Parking Lock 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 Remote Parking Lock 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 Remote Parking Lock Market Size & Forecast, 2020-2028
4.5.1 Remote Parking Lock Market Size and Y-o-Y Growth
4.5.2 Remote Parking Lock 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 K Type
5.2.2 D Type
5.2.3 O Type
5.2.4 T Type
5.2.5 A Type
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 Commercial Use
6.2.2 Private Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Remote Parking Lock 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 Remote Parking Lock 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 K Type
9.6.2 D Type
9.6.3 O Type
9.6.4 T Type
9.6.5 A Type
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 Commercial Use
9.10.2 Private Use
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 K Type
10.6.2 D Type
10.6.3 O Type
10.6.4 T Type
10.6.5 A Type
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 Commercial Use
10.10.2 Private Use
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 K Type
11.6.2 D Type
11.6.3 O Type
11.6.4 T Type
11.6.5 A Type
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 Commercial Use
11.10.2 Private Use
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 K Type
12.6.2 D Type
12.6.3 O Type
12.6.4 T Type
12.6.5 A Type
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 Commercial Use
12.10.2 Private Use
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 K Type
13.6.2 D Type
13.6.3 O Type
13.6.4 T Type
13.6.5 A Type
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 Commercial Use
13.10.2 Private Use
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 Remote Parking Lock Market: Competitive Dashboard
14.2 Global Remote Parking Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZKTeco
14.3.2 Park Master
14.3.3 Designated Parking Corp.
14.3.4 Parking System
14.3.5 Livfuture Automation & Security
14.3.6 Shenzhen Huangchi
14.3.7 Hangzhou Guzhi
14.3.8 Guangzhou KinouWell Technology
14.3.9 Wuhan Xilite Commercial Technologies
