On-Street Vehicle Parking Meter Market Analysis and Forecast to 2032: By Type (Parking Meter, Parking Kiosks), Payment (Credit Cards, Bills, Others), and Region
An on-street vehicle parking meter is a device that is used to collect fees for the use of on-street parking spaces. Parking meters are usually located in high-demand areas, such as downtowns, where there is a limited supply of parking spaces. Parking meters help to ensure that these spaces are used efficiently, by providing a way to price parking based on demand. When parking spaces are in high demand, the price of parking will be higher, which encourages people to use other means of transportation, such as public transit.
Key Trends
The key trends in on-street vehicle parking meter technology are accuracy, convenience, and connectivity.
With the advent of GPS and other location-based technologies, parking meters are becoming more and more accurate, able to pinpoint a vehicle's location within a few feet.
Convenience is also a key trend in parking meter technology. Many newer meters accept a variety of payment methods, including credit and debit cards, contactless payments, and even apps that allow users to pay for parking without having to use a physical meter.
Connectivity is another key trend in parking meter technology. Many newer meters are connected to the internet, allowing for real-time monitoring and reporting of parking activity.
Key Drivers
The key drivers of the On-Street Vehicle Parking Meter market are time, location, and price. Time is the most important factor, as it determines how long a customer can park in a given space.
Location is also important, as it can impact the availability of parking spaces and the convenience of parking for customers. Price is an important factor, as it can impact both the demand for parking and the revenue generated from parking meters.
Restraints & Challenges
The key restraints and challenges in the On-Street Vehicle Parking Meter market are:
-The high cost of installation and maintenance of on-street parking meters
-The need for a high level of enforcement to ensure compliance
-The potential for meters to be damaged or vandalized
Market Segments
The on-street vehicle parking meter market is segmented by type, payment, and region. By type, the market is classified into the parking meter, and parking kiosks. Based on payment, it is bifurcated into credit cards, bills, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The on-street vehicle parking meter market includes players such as Ditech SRL, Duncan Solutions, IEM SA, IPS Group Inc., J.J. MacKay Canada Limited, Meypar S.L., Parking Boxx Inc., Ventek International, Flowbird, Metric Group Ltd., and others.
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- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. On-Street Vehicle Parking Meter Market Outlook
- 3.1. On-Street Vehicle Parking Meter Market Segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. PESTLE Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or Retailers
- 3.6. Impact of the Russia and Ukraine War on the Global On-Street Vehicle Parking Meter Market
- Chapter 4. Economic Impact of COVID-19
- 4.1. Overall Impact of COVID-19
- 4.2. Impact of COVID On the Global On-Street Vehicle Parking Meter Market
- 4.3. Economic Impact Analysis
- Chapter 5. On-Street Vehicle Parking Meter Market by Payment
- 5.1. Market Overview
- 5.2. Credit Card
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Bills
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Others
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. On-Street Vehicle Parking Meter Market by Type
- 6.1. Market Overview
- 6.2. Parking Meter
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Parking Kiosks
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. On-Street Vehicle Parking Meter Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.2.3. North America On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.4. North America On-Street Vehicle Parking Meter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.2.5.2. The U.S. On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.2.6.2. Canada On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.2.7.2. Mexico On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.3. Europe On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.4. Europe On-Street Vehicle Parking Meter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.5.2. Germany On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.6.2. France On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.7.2. U.K. On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.8.2. Spain On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.9.2. Italy On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific On-Street Vehicle Parking Meter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.5.2. China On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.6.2. India On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.7.2. Japan On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.8.2. South Korea On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of the World On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.5.3. Rest of the World On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.4. Rest of the World On-Street Vehicle Parking Meter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.5.5.2. Latin America On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.5.6.2. Middle East On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa On-Street Vehicle Parking Meter Market Size and Forecast by Payment, 2021-2031, ($Million)
- 7.5.7.2. Africa On-Street Vehicle Parking Meter Market Size and Forecast by Type, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, and Collaborations
- 8.3.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Ditech SRL
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. Duncan Solutions
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. IEM SA
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. IPS Group Inc.
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. J.J. MacKay Canada Limited
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. Meypar S.L.
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. Parking Boxx Inc.
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Ventek International
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Flowbird
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Metric Group Ltd
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of companies is subject to change during the final compilation of the report
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