Global Smart Parking Market In Western Europe 2024-2028
The smart parking market in Western europe is forecasted to grow by USD 2632.7 mn during 2023-2028, accelerating at a CAGR of 18.03% during the forecast period. The report on the smart parking market in Western europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by integration of advanced technologies in smart parking, urbanization and increased vehicle ownership, and integration of smart parking with smart city initiatives.
Technavio's smart parking market in Western europe is segmented as below:
- By Type
- Off-street parking
- On-street parking
- By End-user
- Commercial
- Government
- By Geographical Landscape
- Western Europe
This study identifies the integration of ev charging stations with smart parking systems as one of the prime reasons driving the smart parking market in Western europe growth during the next few years. Also, growing adoption of autonomous and connected vehicles and development of advanced surveillance systems and license plate recognition (lpr) technology will lead to sizable demand in the market.
The report on the smart parking market in Western europe covers the following areas:
- Smart parking market in Western europe sizing
- Smart parking market in Western europe forecast
- Smart parking market in Western europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart parking market in Western europe vendors that include APCOA PARKING Holdings GmbH, Cleverciti Systems GmbH., DESIGNA, DextraData GmbH, EasyPark AB, FAAC S.P.A., Flowbird SAS, INRIX Inc., Intercomp Spa, Kudelski SA, Nedap NV, OTRA Solutions BV, Peter Park System GmbH, Q-Park, Robert Bosch GmbH, Scheidt and Bachmann GmbH, Siemens AG, Smart Parking Ltd, SWARCO AG, URBIOTICA, and Volkswagen AG. Also, the smart parking market in Western europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.