Global Parking Meter Device Market Growth 2025-2031

Global Parking Meter Device Market Growth 2025-2031

The global Parking Meter Device market size is predicted to grow from US$ 3512 million in 2025 to US$ 4900 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Parking Meter Device Industry Forecast” looks at past sales and reviews total world Parking Meter Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Parking Meter Device sales for 2025 through 2031. With Parking Meter Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parking Meter Device industry.

This Insight Report provides a comprehensive analysis of the global Parking Meter Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Parking Meter Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Parking Meter Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parking Meter Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parking Meter Device.

This report presents a comprehensive overview, market shares, and growth opportunities of Parking Meter Device market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Parking Meter (Single Space)
Parking Kiosks (Multi Space)

Segmentation by Application:
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Parking Meter Device market?

What factors are driving Parking Meter Device market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Parking Meter Device market opportunities vary by end market size?

How does Parking Meter Device break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.