Market Overview:
The global smart parking lot market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart parking solutions from commercial and residential users, government organizations, and others. The on-street segment is expected to hold the largest share of the global smart parking lot market during the forecast period. This can be attributed to factors such as growing demand for real-time information on available parking spaces and rising concerns over traffic congestion in urban areas.
Product Definition:
A Smart Parking Lot is a parking lot that uses sensor technology and data analytics to manage its parking inventory and guide drivers to open spaces. The goal of a Smart Parking Lot is to improve the flow of traffic, reduce congestion, and make it easier for drivers to find parking.
On-Street:
On-street parking is a facility where vehicles can park on the street. It has been a common practice in many countries and cities around the world. However, with an increase in traffic congestion problems across various regions, governments are now focusing on implementing smart solutions to reduce vehicular emissions caused due to overloading of roads. This factor is expected to drive market growth over the forecast period.
Smart parking lot or garage is an automated system that controls.
Off-Street:
Off-street parking is a facility where vehicles can park without occupying any space on the street. It can be in the form of a garage, lot, or basement. The off-street parking system provides several benefits such as reduced traffic congestion and better utilization of available space. Additionally, it helps to reduce pollution by reducing vehicle emissions and also helps to maintain aesthetic value of city surroundings.
Application Insights:
The commercial use segment dominated the global smart parking lot market in 2017. This can be attributed to rising adoption of these systems at corporate buildings, shopping malls and sports complexes, among other commercial uses. Furthermore, an increasing number of hospitals and medical centers are also adopting these systems owing to growing awareness about available parking spaces.
Residential use is expected to grow at a significant rate over the forecast period due to increased residential construction activities in various regions across the globe. For instance, according to data published by UN-HABITAT, around 56% of all new dwellings were constructed in Europe from 2010 through 2015; this is expected to increase housing supply by around 50% over the next two years. This factor alone would drive demand for residential smart parking lots globally over the forecast period with CAGR exceeding 10%.
Government use accounted for a share of 23% globally in 2017 owingto increasing government initiatives on improving public transportation system.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing government initiatives and investments, growing population, and rising commercial activities in countries such as Canada and U.S.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income among consumers along with rapid urbanization in emerging economies such as China and India has resulted into increased demand for smart solutions like automated payment systems which are used by drivers instead of cashier operators thus reducing human errors while also ensuring safety from theft etc.
Growth Factors:
- Increasing demand for Smart Parking Lot systems from the commercial sector as a result of growing urbanization and need for better traffic management.
- Rising installation of Smart Parking Lot systems in new parking lots and replacement of traditional parking lot systems.
- Increasing demand for Smart Parking Lot systems from the residential sector due to growing awareness about the benefits offered by these systems.
- Development of innovative technologies that can help improve the efficiency and performance of Smart Parking Lot Systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Parking Lot Market Research Report
By Type
On-Street, Off-Street
By Application
Commercial Use, Residential Use, Government Use, Others
By Companies
Siemens, Huawei, Amano Corporation, Cubic Corporation, Thales, Kapsch TrafficCom AG, Nortech Control Systems Limited, Swarco AG, Fujica, Imtech
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Smart Parking Lot Market Report Segments:
The global Smart Parking Lot market is segmented on the basis of:
Types
On-Street, Off-Street
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, Residential Use, Government Use, Others
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:
- Siemens
- Huawei
- Amano Corporation
- Cubic Corporation
- Thales
- Kapsch TrafficCom AG
- Nortech Control Systems Limited
- Swarco AG
- Fujica
- Imtech
Highlights of The Smart Parking Lot 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:
- On-Street
- Off-Street
- By Application:
- Commercial Use
- Residential Use
- Government Use
- Others
- 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 Smart Parking Lot 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:
- Correctly Positioning New 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?
A Smart Parking Lot is a parking lot that uses sensors and software to manage the flow of traffic. The sensors monitor the number of cars in the lot, their location, and their speed. The software then uses this information to adjust the amount of space available in the lot so that it can accommodate as many cars as possible without causing congestion.
Some of the key players operating in the smart parking lot market are Siemens, Huawei, Amano Corporation, Cubic Corporation, Thales, Kapsch TrafficCom AG, Nortech Control Systems Limited, Swarco AG, Fujica, Imtech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Parking Lot 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 Smart Parking Lot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Parking Lot 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 Smart Parking Lot 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 Smart Parking Lot Market Size & Forecast, 2018-2028
4.5.1 Smart Parking Lot Market Size and Y-o-Y Growth
4.5.2 Smart Parking Lot Market Absolute $ Opportunity
Chapter 5 Global Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Type
5.2.1 On-Street
5.2.2 Off-Street
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Residential Use
6.2.3 Government Use
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Parking Lot 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 Smart Parking Lot 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 Smart Parking Lot Analysis and Forecast
9.1 Introduction
9.2 North America Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Type
9.6.1 On-Street
9.6.2 Off-Street
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 Smart Parking Lot Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Residential Use
9.10.3 Government Use
9.10.4 Others
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 Smart Parking Lot Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Type
10.6.1 On-Street
10.6.2 Off-Street
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 Smart Parking Lot Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Residential Use
10.10.3 Government Use
10.10.4 Others
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 Smart Parking Lot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Type
11.6.1 On-Street
11.6.2 Off-Street
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 Smart Parking Lot Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Residential Use
11.10.3 Government Use
11.10.4 Others
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 Smart Parking Lot Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Parking Lot 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 Smart Parking Lot Market Size Forecast by Type
12.6.1 On-Street
12.6.2 Off-Street
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 Smart Parking Lot Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Residential Use
12.10.3 Government Use
12.10.4 Others
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) Smart Parking Lot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Parking Lot 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) Smart Parking Lot Market Size Forecast by Type
13.6.1 On-Street
13.6.2 Off-Street
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) Smart Parking Lot Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Residential Use
13.10.3 Government Use
13.10.4 Others
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 Smart Parking Lot Market: Competitive Dashboard
14.2 Global Smart Parking Lot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Huawei
14.3.3 Amano Corporation
14.3.4 Cubic Corporation
14.3.5 Thales
14.3.6 Kapsch TrafficCom AG
14.3.7 Nortech Control Systems Limited
14.3.8 Swarco AG
14.3.9 Fujica
14.3.10 Imtech
