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).
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On Street Vehicle Parking Meter Market: Strategic Insights
Market Size Value in US$ 590.7 Million in 2021 Market Size Value by US$ 1,138.8 Million by 2028 Growth rate CAGR of 8.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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On Street Vehicle Parking Meter Market: Strategic Insights
| Market Size Value in | US$ 590.7 Million in 2021 |
| Market Size Value by | US$ 1,138.8 Million by 2028 |
| Growth rate | CAGR of 8.6% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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.
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.
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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Parking Kiosks ), Payment Type , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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
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.
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
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.
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 (“TDâ€) 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.
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
- DITECH SRL
- DUNCAN SOLUTIONS
- FLOWBIRD
- IEM SA
- IPS GROUP, INC.
- J.J. MACKAY CANADA LIMITED (MACKAY METERS)
- METRIC GROUP LTD
- MEYPAR, S.L.
- PARKING BOXX INC.
- VENTEK INTERNATIONAL
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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