New

On Street Vehicle Parking Meter Market

2021

On Street Vehicle Parking Meter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Parking Meter (Single Space) and Parking Kiosks (Multi Space) ), Payment Type( Credit card, Bills, and Coins ), and Geography

Publication Month: Aug 2021 | Report Code: TIPRE00024271 | No. of Pages: 132 | Category: Automotive and Transportation | Status: Published

Market Insights

On Street Vehicle Parking Meter Market to Grow at a CAGR of 8.6% to reach US$ 1,138.8 million from 2021 to 2028

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The on street vehicle parking meter market is expected to grow from US$ 590.7 million in 2021 to US$ 1,138.8 million by 2028; it is estimated to register a CAGR of 8.6% from 2021 to 2028.

The growing traffic congestion by vehicles and increasing number of automobiles are driving the growth of the on-street vehicle parking meter market. These vehicle parking meters were traditionally installed in public parking areas to manage traffic and ensure that the public can find parking spaces when visiting the city. Now-a-days, the parking ticket machines were found in private car parks. These serve as a tool for both revenue generation and parking facility. In recent times, the on-street vehicle parking meter comes with advanced facilities. For instance, IEM SA offers PrestoInteractif (advanced smart parking meter) which has the facility to charge the batteries with the help of solar power. The system consists of a large 7” touch screen the parking meter offers a highly reactive and user-friendly interface. And supports cloud-based platform for payment purposes from 3rd part vendors. Additionally, on-site vehicle parking meter offers all type of payment options including coins, credit/debit card, smart card, tokens, pay-by-phone, and optional NFC/contactless payment.

The global on-street vehicle parking meter market is segmented on type, payment type, and geographic regions. Based on type, the on-street vehicle parking meter market is segmented into Parking Meter (Single Space) and Parking Kiosks (Multi Space). Similarly, on the basis of payment type, the market is segmented into credit card, bills, and coins. Geographically, the global on-street vehicle parking meter market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Impact of COVID-19 Pandemic on On street vehicle parking meter Market

The COVID-19 pandemic has led to disruptions in parking industries due to restrictions on intercity traveling and office operations; the ratio of vehicles for parking lots is meager. A sharp decline in the growth of parking users due to the pandemic has delayed or postponed the planned investment for parking management, which lowered the on street vehicle parking meter market growth. However, the importance of digital payments in parking meters and requirement of automated on street parking system has been highlighted which created a lucrative growth opportunity for the market.

Lucrative Regions for On street vehicle parking meter Market

Lucrative Regions for On street vehicle parking meter Market

Get more information on this report :



Market Insight

Rapid Growth in Urbanization

The increasing population count in urban cities has driven the vehicles sale. With rising disposable incomes, the population is keen to have their own vehicles for daily commute. Rapid growth in urbanization with the increasing sale of vehicles has led to the increased adoption of smart parking management solutions. The requirement of smart parking meters to efficiently manage available parking spaces has propelled the market growth. According to the UN reports, urbanization in Europe is supposed to increase by ~83.7% by 2050. Also, as per EEA, 75% of the population in the EU prefers to live in urban areas. Therefore, these factors drive the on-street vehicle parking meter market growth to facilitate parking payment methods.

Type Segment Insights

On street vehicle parking meters are designed the resolve the parking issues that happened in the urban localities. Parking problems have been a rising issue in urban cities, whether it may be developed or developing nations. Hence, to simplify the on street parking operation, demand for a parking meter is increasing. However, the parking meters are being offered in two types: Parking Meters (Single Space) and Parking Kiosks (Multi Space). Both the types have particular advantages as per the space and technology requirements.

Payment Type Segment Insights

The integration of a variety of payment options in the metering systems enhances the user payment experience. Vehicle users are becoming techno-savvy and adopting new payments methods as an alternative to cash payments. Hence, to offer enhanced service for users and ease at parking payments, a more payments solution is being provided in parking meters. Based on the payment type, on street vehicle parking meter market is segment into credit cards, bills, and coins.

On street vehicle parking meter Market, by Payment Type (% Share)

On street vehicle parking meter Market, by Payment Type (% Share)

Get more information on this report :



Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors. For instance, in March 2021, the parking division of the City of Madison has replaced almost all old on-street pay stations with New IPS single-space “smart” meters offering a variety of payment options for users such as coin, Mastercard, and Visa.

The global on-street vehicle parking meter market is segmented on type, payment type, and geographic regions. Based on type, the on-street vehicle parking meter market is segmented into Parking Meter (Single Space) and Parking Kiosks (Multi Space). Similarly, on the basis of payment type, the market is segmented into credit card, bills, and coins. Geographically, the global on-street vehicle parking meter market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

On Street Vehicle Parking Meter Market – Company Profiles

  • Ditech SRL
  • Duncan Solutions
  • IEM SA
  • IPS Group, Inc.
  • J.J. MacKay Canada Limited (MacKay Meters)
  • MEYPAR, S.L.
  • Parking BOXX Inc.
  • Ventek International
  • Flowbird
  • METRIC Group Ltd

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. On street vehicle parking meter Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia-Pacific

4.2.4 Middle East and Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. On Street Vehicle Parking Meter Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rapid Growth in Urbanization

5.1.2 Increasing Demand for Smart Parking Solutions

5.2 Market Restraints

5.2.1 Rising Focus on Off-Street Parking And Emergence of New Payment Technologies

5.3 market Opportunities

5.3.1 Growing Adoption of the Parking Meters in Developing Nations

5.4 Future Trends

5.4.1 Integration Internet of Things in On Street Parking Meters

5.5 Impact Analysis of Drivers And Restraints

6. On Street Vehicle Parking Meter – Global Market Analysis

6.1 Global On Street Vehicle Parking Meter Market Overview

6.2 Global On Street Vehicle Parking Meter Market Revenue Forecast and Analysis

6.3 Market Positioning – Five Key Players

7. Global On Street Vehicle Parking Meter Market Analysis – By Type

7.1 Overview

7.2 Parking Meter (Single Space)

7.2.1 Overview

7.2.2 Global Parking meter (single space) Market Revenue and Forecasts to 2028 (US$ Million)

7.3 Parking Kiosks (Multi Space)

7.3.1 Overview

7.3.2 Global Parking Kiosks (Multi Space) Market Revenue and Forecasts to 2028 (US$ Million)

8. Global On Street Vehicle Parking Meter Market Analysis – By Payment Type

8.1 Overview

8.2 Credit card

8.2.1 Overview

8.2.2 Global Credit card Market Revenue and Forecasts to 2028 (US$ Million)

8.3 Bills

8.3.1 Overview

8.3.2 Global Bills Market Revenue and Forecasts to 2028 (US$ Million)

8.4 Coins

8.4.1 Overview

8.4.2 Global Coins Market Revenue and Forecasts to 2028 (US$ Million)

9. On Street Vehicle Parking Meter Market – Geographic Analysis

9.1 Overview

9.2 North America: On Street Vehicle Parking Meter Market

9.2.1 North America: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: On Street Vehicle Parking Meter Market, By Type

9.2.3 North America: On Street Vehicle Parking Meter Market, By Payment Type

9.2.4 North America: On Street Vehicle Parking Meter Market, By Country

9.2.4.1 United States: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 United States: On Street Vehicle Parking Meter Market, By Type

9.2.4.1.2 United States: On Street Vehicle Parking Meter Market, By Payment type

9.2.4.2 Canada: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: On Street Vehicle Parking Meter Market, By Type

9.2.4.2.2 Canada: On Street Vehicle Parking Meter Market, By Payment type

9.2.4.3 Mexico: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: On Street Vehicle Parking Meter Market, By Type

9.2.4.3.2 Mexico: On Street Vehicle Parking Meter Market, By Payment type

9.3 Europe: On street vehicle parking meter Market

9.3.1 Europe: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: On Street Vehicle Parking Meter Market, By Type

9.3.3 Europe: On street vehicle parking meter Market, By Payment type

9.3.4 Europe: On Street Vehicle Parking Meter Market, By Country

9.3.4.1 Germany: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: On Street Vehicle Parking Meter Market, By Type

9.3.4.1.2 Germany: On Street Vehicle Parking Meter Market, By Payment type

9.3.4.2 France: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: On Street Vehicle Parking Meter Market, By Type

9.3.4.2.2 France: On Street Vehicle Parking Meter Market, By Payment type

9.3.4.3 Spain: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Spain: On Street Vehicle Parking Meter Market, By Type

9.3.4.3.2 Spain: On Street Vehicle Parking Meter Market, By Payment type

9.3.4.4 UK: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: On Street Vehicle Parking Meter Market, By Type

9.3.4.4.2 UK: On Street Vehicle Parking Meter Market, By Payment type

9.3.4.5 Russia: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: On Street Vehicle Parking Meter Market, By Type

9.3.4.5.2 Russia: On Street Vehicle Parking Meter Market, By Payment type

9.3.4.6 Rest of Europe: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: On Street Vehicle Parking Meter Market, By Type

9.3.4.6.2 Rest of Europe: On Street Vehicle Parking Meter Market, By Payment type

9.4 Asia-Pacific: On street vehicle parking meter Market

9.4.1 Asia-Pacific: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia-Pacific: On Street Vehicle Parking Meter Market, By Type

9.4.3 Asia-Pacific: On Street Vehicle Parking Meter Market, By Payment type

9.4.4 Asia-Pacific: On Street Vehicle Parking Meter Market, By Country

9.4.4.1 Australia: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: On Street Vehicle Parking Meter Market, By Type

9.4.4.1.2 Australia: On Street Vehicle Parking Meter Market, By Payment type

9.4.4.2 China: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: On Street Vehicle Parking Meter Market, By Type

9.4.4.2.2 China: On Street Vehicle Parking Meter Market, By Payment type

9.4.4.3 India: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: On Street Vehicle Parking Meter Market, By Type

9.4.4.3.2 India: On Street Vehicle Parking Meter Market, By Payment type

9.4.4.4 Japan: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: On Street Vehicle Parking Meter Market, By Type

9.4.4.4.2 Japan: On Street Vehicle Parking Meter Market, By Payment type

9.4.4.5 South Korea: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: On Street Vehicle Parking Meter Market, By Type

9.4.4.5.2 South Korea: On Street Vehicle Parking Meter Market, By Payment type

9.4.4.6 Rest of Asia-Pacific: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia-Pacific: On street vehicle parking meter Market, By Type

9.4.4.6.2 Rest of Asia-Pacific: On street vehicle parking meter Market, By Payment type

9.5 Middle East and Africa: On street vehicle parking meter Market

9.5.1 Middle East and Africa: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: On Street Vehicle Parking Meter Market, By Type

9.5.3 Middle East and Africa: On Street Vehicle Parking Meter Market, By Payment type

9.5.4 Middle East and Africa: On Street Vehicle Parking Meter Market, By Country

9.5.4.1 South Africa: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: On Street Vehicle Parking Meter Market, By Type

9.5.4.1.2 South Africa: On Street Vehicle Parking Meter Market, By Payment type

9.5.4.2 Saudi Arabia: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: On Street Vehicle Parking Meter Market, By Type

9.5.4.2.2 Saudi Arabia: On Street Vehicle Parking Meter Market, By Payment type

9.5.4.3 U.A.E: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 U.A.E: On Street Vehicle Parking Meter Market, By Type

9.5.4.3.2 U.A.E: On Street Vehicle Parking Meter Market, By Payment type

9.5.4.4 Rest of Middle East and Africa: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of Middle East and Africa: On street vehicle parking meter Market, By Type

9.5.4.4.2 Rest of Middle East and Africa: On street vehicle parking meter Market, By Payment type

9.6 South America: On street vehicle parking meter Market

9.6.1 South America: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2 South America: On Street Vehicle Parking Meter Market, By Type

9.6.3 South America: On Street Vehicle Parking Meter Market, By Payment type

9.6.4 South America: On Street Vehicle Parking Meter Market, By Country

9.6.4.1 Brazil: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: On Street Vehicle Parking Meter Market, By Type

9.6.4.1.2 Brazil: On Street Vehicle Parking Meter Market, By Payment type

9.6.4.2 Argentina: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: On Street Vehicle Parking Meter Market, By Type

9.6.4.2.2 Argentina: On Street Vehicle Parking Meter Market, By Payment type

9.6.4.3 Rest of South America: On Street Vehicle Parking Meter Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South America: On Street Vehicle Parking Meter Market, By Type

9.6.4.3.2 Rest of South America: On Street Vehicle Parking Meter Market, By Payment type

10. On Street Vehicle Parking Meter Market - Covid-19 Impact Analysis

10.1 Overview

10.2 North America: Impact Assessment of Covid-19 Pandemic

10.3 Europe: Impact Assessment of Covid-19 Pandemic

10.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic

10.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic

10.6 South America Impact Assessment of Covid-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profile

12.1 Ditech SRL

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Duncan Solutions

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Flowbird

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 IEM SA

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 IPS Group, Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 J.J. MacKay Canada Limited (MacKay Meters)

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 METRIC Group Ltd

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 MEYPAR, S.L.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Parking BOXX Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Ventek International

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Global On street vehicle parking meter Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: On street vehicle parking meter Market Revenue Share, By Country

Table 5. United States: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 6. United States: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 12. Europe: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe: On street vehicle parking meter Market, By Country – Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 15. Germany: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 16. France On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 17. France: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 18. SPAIN: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 19. SPAIN: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 21. UK: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 22. Russia: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 23. Russia: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 26. Asia-Pacific: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 27. Asia-Pacific: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 28. Asia-Pacific: On street vehicle parking meter Market, By Country – Revenue and Forecast to 2028 (US$ Million)

Table 29. Australia: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 30. Australia: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 31. China: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 32. China: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 33. India: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 34. India: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Japan: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 36. Japan: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 37. South Korea: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 38. South Korea: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 39. Rest of Asia-Pacific: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 40. Rest of Asia-Pacific: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 41. Middle East and Africa: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 42. Middle East and Africa: On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 43. Middle East and Africa On street vehicle parking meter Market, By Country – Revenue and Forecast to 2028 (US$ Million)

Table 44. South Africa: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 45. South Africa: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 46. Saudi Arabia: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 47. Saudi Arabia: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 48. U.A.E: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 49. U.A.E: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 50. Rest of Middle East and Africa On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 51. Rest of Middle East and Africa On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 52. South America On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 53. South America On street vehicle parking meter Market, By Payment type– Revenue and Forecast to 2028 (US$ Million)

Table 54. SAM On street vehicle parking meter Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 55. Brazil: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 56. Brazil: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 57. Argentina: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 58. Argentina: On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 59. Rest of South America: On street vehicle parking meter Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 60. Rest of South America On street vehicle parking meter Market, By Payment type – Revenue and Forecast to 2028 (US$ Million)

Table 61. List of Abbreviation

LIST OF FIGURES

Figure 1. On Street Vehicle Parking Meter Market Segmentation

Figure 2. On Street Vehicle Parking Meter Market Segmentation – By Geography

Figure 3. Global On Street Vehicle Parking Meter Market Overview

Figure 4. Parking Meter (Single Space) Segment held the Largest Share of On Street Vehicle Parking Meter Market

Figure 5. Credit Card Segment held the Largest Share of On Street Vehicle Parking Meter Market

Figure 6. North America to Show Great Traction During Forecast Period

Figure 7. North America– PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. Asia-Pacific – PEST Analysis

Figure 10. Middle East and Africa – PEST Analysis

Figure 11. South America – PEST Analysis

Figure 12. On-Street Vehicle Parking Meter Market– Ecosystem Analysis

Figure 13. Expert Opinion

Figure 14. On Street Vehicle Parking Meter Market Impact Analysis of Drivers and Restraints

Figure 15. Geographic Overview of On Street Vehicle Parking Meter Market

Figure 16. Global On street vehicle parking meter Market Revenue Forecast and Analysis (US$ Million)

Figure 17. Global On street vehicle parking meter Market Breakdown by Type, 2020 & 2028 (%)

Figure 18. Global Parking meter (single space) Market Revenue and Forecasts to 2028 (US$ Million)

Figure 19. Global Parking Kiosks (Multi Space) Market Revenue and Forecasts to 2028 (US$ Million)

Figure 20. Global On street vehicle parking meter Market Breakdown by Payment type, 2020 & 2028 (%)

Figure 21. Global Credit card Market Revenue and Forecasts to 2028 (US$ Million)

Figure 22. Global Bills Market Revenue and Forecasts to 2028 (US$ Million)

Figure 23. Global Coins Market Revenue and Forecasts to 2028 (US$ Million)

Figure 24. Global On street vehicle parking meter Market Revenue Share, By Region (2020 and 2028)

Figure 25. North America: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. North America: On street vehicle parking meter Market Revenue Share, By Type (2020 and 2028)

Figure 27. North America: On street vehicle parking meter Market Revenue Share, By Payment type (2020 and 2028)

Figure 28. North America: On street vehicle parking meter Market Revenue Share, By Country (2020 and 2028)

Figure 29. United States: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Canada: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Mexico: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Europe: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Europe: On street vehicle parking meter Market Revenue Share, By Type (2020 and 2028)

Figure 34. Europe: On street vehicle parking meter Market Revenue Share, By Payment type (2020 and 2028)

Figure 35. Europe: On street vehicle parking meter Market Revenue Share, By Country (2020 and 2028)

Figure 36. Germany: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. France: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. SPAIN: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. UK: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Russia: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Rest of Europe: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Asia-Pacific: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Asia-Pacific: On street vehicle parking meter Market Revenue Share, By Type (2020 and 2028)

Figure 44. Asia-Pacific: On street vehicle parking meter Market Revenue Share, By Payment type (2020 and 2028)

Figure 45. Asia-Pacific: On street vehicle parking meter Market Revenue Share, By Country (2020 and 2028)

Figure 46. Australia: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. China: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. India: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Japan: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. South Korea: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. Rest of Asia-Pacific: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Middle East and Africa: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. Middle East and Africa: On street vehicle parking meter Market Revenue Share, By Type (2020 and 2028)

Figure 54. Middle East and Africa: On street vehicle parking meter Market Revenue Share, By Payment type (2020 and 2028)

Figure 55. Middle East and Africa: On street vehicle parking meter Market Revenue Share, By Country (2020 and 2028)

Figure 56. South Africa: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Saudi Arabia: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. U.A.E: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. Rest of Middle East and Africa: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. South America: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. South America: On street vehicle parking meter Market Revenue Share, By Type (2020 and 2028)

Figure 62. South America: On street vehicle parking meter Market Revenue Share, By Payment type (2020 and 2028)

Figure 63. South America: On street vehicle parking meter Market Revenue Share, By Country (2020 and 2028)

Figure 64. Brazil: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Argentina: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Rest of South America: On street vehicle parking meter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Impact of Covid-19 Pandemic in North American Country Markets

Figure 68. Impact of Covid-19 Pandemic in Europe Country Markets

Figure 69. Impact of Covid-19 Pandemic in Asia Pacific Country Markets

Figure 70. Impact of Covid-19 Pandemic In Middle East & Africa Country Markets

Figure 71. Impact of Covid-19 Pandemic in South America Country Markets

The List of companies - On Street Vehicle Parking Meter Market

  1. DITECH SRL
  2. DUNCAN SOLUTIONS
  3. FLOWBIRD
  4. IEM SA
  5. IPS GROUP, INC.
  6. J.J. MACKAY CANADA LIMITED (MACKAY METERS)
  7. METRIC GROUP LTD
  8. MEYPAR, S.L.
  9. PARKING BOXX INC.
  10. VENTEK INTERNATIONAL
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the on street vehicle parking meter market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the fall protection equipment market thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00024271
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Frequently Asked Questions

The increasing population count in urban cities has driven the vehicles sale. With rising disposable incomes, the population is keen to have their own vehicles for daily commute. Rapid growth in urbanization with the increasing sale of vehicles has led to the increased adoption of smart parking management solutions. The requirement of smart parking meters to efficiently manage available parking spaces has propelled the market growth. According to the UN reports, urbanization in Europe is supposed to increase by ~83.7% by 2050. Also, as per EEA, 75% of the population in the EU prefers to live in urban areas. Therefore, these factors drive the on-street vehicle parking meter market growth to facilitate parking payment methods.

On street parking has strong roots of deployment in developed nations as the peoples are keen towards a modern solution the adoption ratio is higher in developed countries. However, with rising technological advancement and awareness about modern technologies, developing nations like India and China attract numerous market players. The governments of developing nations are investing substantial capital in the parking industry to resolve traffic congestion, parking space availability issue, and reduce air pollution caused due to vehicles. For instance, in April 2021, the Transport Department (“TD”) of the Hong Kong Special Administrative Region Government has awarded the contract of US$ 680 million to Flowbird and HKT under the smart city program to develop digital on-street parking systems. The program includes the installation of ~ 12,000 new parking meters across the streets of Hong Kong, offering digital payment and real-time parking vacancy information. Such an increasing focus on installing smart parking solutions has created substantial growth opportunities for the market in the coming years.

A parking meter (single space) is an effective solution for the government or private operators requiring space-saving solutions. In addition, this is traditional technology having intense penetration in the market due to early introduction and affordability. The limited accessibility of payments options has restrained the segment growth in current market scenarios, as people are inclining towards digital payments solutions. Although a new development in single-space meters with the emergence of intelligent single-spaces meters, the segment is gaining momentum in the market. The new solution is getting retrofitted into existing meter housings to offers accessibility of coin and credit card payments in single meters.

A credit card payment option has been introduced to offer customer-friendly features to users for processing parking payments. The payment methods eliminated the need to carry coins to pay for parking sessions. In addition, the on screen instruction and easy payment with a just swipe of the card enhanced the user's experience. On the other hand, it also helps the meter installer streamline the revenue model with less maintenance requirement. For instance, in 2016, according to International Parking & Mobility Institute, the Los Angeles city experienced a ~50 % increase in meter revenue with the integration of credit card payments in the metering system. Credit cards are the most preferred solution by users as they offers convenience for paying the exact amount for parking spaces

Ditech SRL; Duncan Solutions; IEM SA; IPS Group, Inc.; J.J. MacKay Canada Limited (MacKay Meters); MEYPAR, S.L.; Parking BOXX Inc.; and Ventek International are among the key market players in the on street vehicle parking meter market.

North America led the global on street vehicle parking meter market with the highest growth rate in 2020, followed by Europe and APAC. The North America on-street vehicle parking meter market constitutes countries such as the US, Canada, and Mexico. North America’s technological advancements have made it a highly competitive market. The countries of the region are investing huge capitals for infrastructure development under smart city programs. North America is one of the leading region in automotive sector and holds highest share in electric vehicles consumption. Thus, the region owns one of the strongest potential for on street vehicle parking meter market. In addition, the users of on street parking mater in regions are comparatively higher to others region due enhanced awareness and knowledge about systems

Pricing
Request for Sample
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.