Parking Meter

Parking Meter Market by Type (Multi Space, Single Space), Parking Mode (Pay & Display, Plate, Space), End User - Global Forecast 2024-2030

SKU
MRR-43539E5D33E7
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 1.23 billion
2030
USD 2.95 billion
2024
USD 1.38 billion
CAGR
13.33%
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the parking meter market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[187 Pages Report] The Parking Meter Market size was estimated at USD 1.23 billion in 2023 and expected to reach USD 1.38 billion in 2024, at a CAGR 13.33% to reach USD 2.95 billion by 2030.

Parking Meter Market
To learn more about this report, request a free PDF copy
A parking meter is a device employed to collect money in exchange for the right to park a vehicle in a particular place for a set time. Parking meters have become a crucial tool for managing scarce parking spaces in cities and towns globally with urbanization and increasing vehicles on the road. The primary drivers include the growing need for efficient parking solutions due to the increasing urban population and vehicle ownership, technological advancements in parking meter systems such as integration with smartphone apps and digital payment options, and local government's efforts to maximize revenue from public parking spaces. However, this industry encounters certain restraints, including the high cost of installation and maintenance of advanced parking meter systems and public resistance to paying for parking. Adapting parking meters to be a part of the broader IoT ecosystem for smart cities involves overcoming technical and standardization challenges. Moreover, this integration offers significant opportunities for growth through enhanced value propositions such as dynamic pricing, real-time parking availability information, and reduced traffic congestion. Therefore, its role in urban mobility solutions continues to evolve, promising significant advancements and opportunities in the near future.
Parking Meter Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Parking Meter Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Parking Meter Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Parking Meter Market, highlighting leading vendors and their innovative profiles. These include Came S.p.A., Flowbird Group, GLOBAL PARKING SOLUTIONS USA LLC, GuangZhou COMA Electronics CO., LTD., IEM S.A., Intercomp SpA, IPS, Inc., MacKay Meters, Inc., METRIC Group Ltd, Parking BOXX Inc., POM Inc., T2 Systems, Inc., Traffic and Parking Control Co., Inc., and VenTek International.

Market Segmentation & Coverage

This research report categorizes the Parking Meter Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Multi Space
    • Single Space
  • Parking Mode
    • Pay & Display
    • Plate
    • Space
  • End User
    • Government & Public Sector
    • Hospitals & Care Providers
    • Parks & Malls
    • Residential Areas
    • Stadiums & Airports
    • Transit Systems
    • University & Education Institutions

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Parking Meter Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Parking Meter Market?
  3. What are the technology trends and regulatory frameworks in the Parking Meter Market?
  4. What is the market share of the leading vendors in the Parking Meter Market?
  5. Which modes and strategic moves are suitable for entering the Parking Meter Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Parking Meter Market, by Type
  7. Parking Meter Market, by Parking Mode
  8. Parking Meter Market, by End User
  9. Americas Parking Meter Market
  10. Asia-Pacific Parking Meter Market
  11. Europe, Middle East & Africa Parking Meter Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 292]
  16. List of Companies Mentioned [Total: 14]
Frequently Asked Questions
  1. How big is the Parking Meter Market?
    Ans. The Global Parking Meter Market size was estimated at USD 1.23 billion in 2023 and expected to reach USD 1.38 billion in 2024.
  2. What is the Parking Meter Market growth?
    Ans. The Global Parking Meter Market to grow USD 2.95 billion by 2030, at a CAGR of 13.33%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.