Global Parking Meter Equipment Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Parking Meter Equipment Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Parking Meter Equipment market size was valued at USD 3321.8 million in 2023 and is forecast to a readjusted size of USD 4756.8 million by 2030 with a CAGR of 5.3% during review period.

Parking meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters can be used as a tool for enforcing the street parking policy by municipalities. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies’ parking management solutions. Public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand which is major driver for parking meter market. Traffic congestion caused by vehicles is an alarming problem both in developed as well as developing countries.

The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc.

Across the world, the major players cover Flowbird, POM, Hectronic, etc.

The key sales markets locate in North America, Europe and Asia-Pacific. North America takes the sales volume market share of 36%, followed by Europe with 31% and Asia-Pacific with 21%.

Flowbird, POM and T2 Systems are the top 3 players of Parking Meter Device, with about 8% market shares.

The Global Info Research report includes an overview of the development of the Parking Meter Equipment industry chain, the market status of Government Institutions (Parking Meter (Single Space), Parking Kiosks (Multi Space)), Hospitals (Parking Meter (Single Space), Parking Kiosks (Multi Space)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Parking Meter Equipment.

Regionally, the report analyzes the Parking Meter Equipment markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Parking Meter Equipment market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Parking Meter Equipment market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Parking Meter Equipment industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Parking Meter (Single Space), Parking Kiosks (Multi Space)).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Parking Meter Equipment market.

Regional Analysis: The report involves examining the Parking Meter Equipment market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Parking Meter Equipment market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Parking Meter Equipment:

Company Analysis: Report covers individual Parking Meter Equipment manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Parking Meter Equipment This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Government Institutions, Hospitals).

Technology Analysis: Report covers specific technologies relevant to Parking Meter Equipment. It assesses the current state, advancements, and potential future developments in Parking Meter Equipment areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Parking Meter Equipment market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Parking Meter Equipment market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)

Market segment by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Other

Major players covered
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

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Parking Meter Equipment product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Parking Meter Equipment, with price, sales, revenue and global market share of Parking Meter Equipment from 2019 to 2024.

Chapter 3, the Parking Meter Equipment competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Parking Meter Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Parking Meter Equipment market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Parking Meter Equipment.

Chapter 14 and 15, to describe Parking Meter Equipment sales channel, distributors, customers, research findings and conclusion.