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.
According to our (Global Info Research) latest study, the global Parking Meter Device market size was valued at US$ 3520 million in 2023 and is forecast to a readjusted size of USD 5056 million by 2030 with a CAGR of 5.4% during review period.
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.
This report is a detailed and comprehensive analysis for global Parking Meter Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Parking Meter Device market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030
Global Parking Meter Device market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030
Global Parking Meter Device market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030
Global Parking Meter Device market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Parking Meter Device
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Parking Meter Device market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Parking Meter Device 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. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Market segment by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Others
Major players covered
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
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 Device product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Parking Meter Device, with price, sales quantity, revenue, and global market share of Parking Meter Device from 2019 to 2024.
Chapter 3, the Parking Meter Device competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Parking Meter Device 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 by Application, with sales market share and growth rate by Type, by 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 2019 to 2024.and Parking Meter Device market forecast, by regions, by Type, and by 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 Device.
Chapter 14 and 15, to describe Parking Meter Device sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Parking Meter Device. Industry analysis & Market Report on Parking Meter Device is a syndicated market report, published as Global Parking Meter Device Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Parking Meter Device market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.