Market Overview:
The global parking meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market is segmented by type, application and region. The segment of parking kiosks (Multi space) holds a comparatively larger share in global market, which accounts for about 74%. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share. In terms of regions, North America dominates the global parking meter market with a 38% share followed by Europe with 31%.
Product Definition:
A parking meter is a device used to collect money in exchange for the right to park a vehicle in a particular spot for a limited amount of time. The meter is usually operated by inserting coins into it, and the time allotted for parking will be displayed on the meter. Parking meters are important because they help ensure that vehicles are only parked in designated spots for short periods of time, which helps to optimize traffic flow and minimize congestion.
Parking Meter (Single Space):
Parking meter is a device installed in the parking space that indicates the number of vehicles are parked. It's an electronic device that displays either as a series of lights or as one continuous light. The display shows number of vacant spaces, total number of occupied spaces and time duration for which the space has been empty. These devices help drivers to avoid overcrowded car parks and also helps security personnel to maintain law & order in parking areas.
Parking Kiosks (Multi Space):
Parking kiosks are self-service pay stations for parking meters. They are located in convenient locations and can be used by both drivers and passengers to feed the meter. The system is designed to ease traffic congestion around parking meters, which helps in increasing the efficiency of traffic management systems as well as reduces the time spent on searching for a vacant space.
The global market size was valued at USD 1,17 billion in 2016.
Application Insights:
The government institutions segment held a major share in 2017. The growth of this segment is attributed to the increasing number of construction projects for building new parking facilities at various government institutes, such as hospitals, airports, and railway stations. Furthermore, governments are also trying to implement smart city projectswherein they can use modern technologies for managing and monitoring public car parks. These factors are expected to drive the growth over the forecast period.
The transit systems segment accounted for a considerable market share in 2017 owing to growing urbanization along with rising number of people using public transport system on daily basis or otherwise known as ¢â‚¬Å“ride-sharing¢â‚¬ modes such as buses and trains across different regions globally including North America, Europe & Asia Pacific etc.
Regional Analysis:
North America is expected to be the fastest growing regional market, with a CAGR of XX% over the forecast period. The growth can be attributed to increasing government initiatives and investments in infrastructure development for better traffic management system and facilities. For instance, in 2014, Los Angeles Metro implemented a new parking meter system called pay-by-phone that allowed users to pay for their parking through mobile phones and credit cards instead of having to use coins or bills., Furthermore, it has been observed that about 90% of people prefer paying by phone rather than using cash., Moreover North American cities are adopting smartphone apps such as ParkWhiz!, ParkMe!, SpotHero etc., which helps them manage their daily needs regarding finding a place to park or payment for on-street metered spaces.
Asia Pacific is anticipated to emerge as the fastest growing region with a CAGR of XX%.
Growth Factors:
- Increasing demand for parking spaces in the urban areas
- Rising number of vehicles on the road
- Implementation of smart parking solutions
- Proliferation of shared mobility services
- Growing focus on environment-friendly initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Meter Market Research Report
By Type
Parking Meter (Single Space), Parking Kiosks (Multi Space), , The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
By Application
Government Institutions, Hospitals, Parks, Transit Systems, Malls & Stadiums, Other, , The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
By Companies
FLOWBIRD, POM Inc., Hectronic, Kinouwell Tech, IEM, METRIC Group Ltd, J.J. MacKay Canada Limited, IPS Group, Inc., Shenzhen Horoad Electronic Technology, Ventek International, Parking BOXX, CivicSmart, Inc., LocoMobi Inc
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Parking Meter Market Report Segments:
The global Parking Meter market is segmented on the basis of:
Types
Parking Meter (Single Space), Parking Kiosks (Multi Space), , The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
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, Transit Systems, Malls & Stadiums, Other, , The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
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:
- FLOWBIRD
- POM Inc.
- Hectronic
- Kinouwell Tech
- IEM
- METRIC Group Ltd
- J.J. MacKay Canada Limited
- IPS Group, Inc.
- Shenzhen Horoad Electronic Technology
- Ventek International
- Parking BOXX
- CivicSmart, Inc.
- LocoMobi Inc
Highlights of The Parking Meter 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)
- The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
- By Application:
- Government Institutions
- Hospitals
- Parks
- Transit Systems
- Malls & Stadiums
- Other
- The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
- 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 Meter 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 meter is a machine that charges drivers for the time they park their car.
Some of the major companies in the parking meter market are FLOWBIRD, POM Inc., Hectronic, Kinouwell Tech, IEM, METRIC Group Ltd, J.J. MacKay Canada Limited, IPS Group, Inc., Shenzhen Horoad Electronic Technology, Ventek International, Parking BOXX, CivicSmart, Inc., LocoMobi Inc.
The parking meter market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Parking Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Parking Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Parking Meter Market - Supply Chain
4.5. Global Parking Meter Market Forecast
4.5.1. Parking Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Parking Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Parking Meter Market Absolute $ Opportunity
5. Global Parking Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Parking Meter Market Size and Volume Forecast by Type
5.3.1. Parking Meter (Single Space)
5.3.2. Parking Kiosks (Multi Space)
5.3.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Parking Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Parking Meter Market Size and Volume Forecast by Application
6.3.1. Government Institutions
6.3.2. Hospitals
6.3.3. Parks
6.3.4. Transit Systems
6.3.5. Malls & Stadiums
6.3.6. Other
6.3.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Parking Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Parking Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Parking Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Parking Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Parking Meter Demand Share Forecast, 2019-2026
9. North America Parking Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Parking Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Parking Meter Market Size and Volume Forecast by Application
9.4.1. Government Institutions
9.4.2. Hospitals
9.4.3. Parks
9.4.4. Transit Systems
9.4.5. Malls & Stadiums
9.4.6. Other
9.4.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Parking Meter Market Size and Volume Forecast by Type
9.7.1. Parking Meter (Single Space)
9.7.2. Parking Kiosks (Multi Space)
9.7.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Parking Meter Demand Share Forecast, 2019-2026
10. Latin America Parking Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Parking Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Parking Meter Market Size and Volume Forecast by Application
10.4.1. Government Institutions
10.4.2. Hospitals
10.4.3. Parks
10.4.4. Transit Systems
10.4.5. Malls & Stadiums
10.4.6. Other
10.4.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Parking Meter Market Size and Volume Forecast by Type
10.7.1. Parking Meter (Single Space)
10.7.2. Parking Kiosks (Multi Space)
10.7.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Parking Meter Demand Share Forecast, 2019-2026
11. Europe Parking Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Parking Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Parking Meter Market Size and Volume Forecast by Application
11.4.1. Government Institutions
11.4.2. Hospitals
11.4.3. Parks
11.4.4. Transit Systems
11.4.5. Malls & Stadiums
11.4.6. Other
11.4.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Parking Meter Market Size and Volume Forecast by Type
11.7.1. Parking Meter (Single Space)
11.7.2. Parking Kiosks (Multi Space)
11.7.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Parking Meter Demand Share, 2019-2026
12. Asia Pacific Parking Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Parking Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Parking Meter Market Size and Volume Forecast by Application
12.4.1. Government Institutions
12.4.2. Hospitals
12.4.3. Parks
12.4.4. Transit Systems
12.4.5. Malls & Stadiums
12.4.6. Other
12.4.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Parking Meter Market Size and Volume Forecast by Type
12.7.1. Parking Meter (Single Space)
12.7.2. Parking Kiosks (Multi Space)
12.7.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Parking Meter Demand Share, 2019-2026
13. Middle East & Africa Parking Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Parking Meter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Parking Meter Market Size and Volume Forecast by Application
13.4.1. Government Institutions
13.4.2. Hospitals
13.4.3. Parks
13.4.4. Transit Systems
13.4.5. Malls & Stadiums
13.4.6. Other
13.4.8. The transit systerms, malls and stadiun, prak hold an important share in terms of applications, and accounts for 60% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Parking Meter Market Size and Volume Forecast by Type
13.7.1. Parking Meter (Single Space)
13.7.2. Parking Kiosks (Multi Space)
13.7.4. The segment of parking kiosks(Multi space) holds a comparatively larger share in global market, which accounts for about 74%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Parking Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Parking Meter Market: Market Share Analysis
14.2. Parking Meter Distributors and Customers
14.3. Parking Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FLOWBIRD
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. POM Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hectronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kinouwell Tech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IEM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. METRIC Group Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. J.J. MacKay Canada Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IPS Group, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shenzhen Horoad Electronic Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ventek International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Parking BOXX
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CivicSmart, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LocoMobi Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
