Vehicle Parking Meter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Vehicle parking meters are the type of meters that are used to maintain parking availability in private, public, & commercial spaces. It is used for collecting revenue in exchange for parking a vehicle at a particular place for a limited time. The rising use of parking meters to regulate parking spaces that helps to improve traffic circulation and avoid traffic congestion. This, in turn, fuels the growth of the vehicle parking meter market. Moreover, the high installation rate of smart vehicle parking systems in Canada and the U.S. are also pushing the vehicle parking meter market growth.

MARKET DYNAMICS

Rapid urbanization, rise in production and sales of vehicles across the globe, significantly increases the parking congestion, and rapid modernization are some of the major driving factors for the growth of the vehicle parking meter market growth. Furthermore, the growing number of malls, restaurants, universities, transit stations, offices, stadiums, hospitals, parks, etc. is heavily in demand for the effective parking solution, and the growing adoption of advanced technology such as smart parking system is expected to influence the growth of the vehicle parking meter market.

MARKET SCOPE

The "Global Vehicle Parking Meter Market Analysis to 2031" is a specialized and in-depth study of the vehicle parking meter industry with a special focus on the global market trend analysis. The report aims to provide an overview vehicle parking meter market with detailed market segmentation as type, application, and geography. The global vehicle parking meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vehicle parking meter market players and offers key trends and opportunities in the vehicle parking meter market.

MARKET SEGMENTATION

The global vehicle parking meter market is segmented on the basis of type, application. On the basis of type the market is segmented as parking meter (single space), parking kiosks (multi space). On the basis of application the market is segmented as institutions, hospitals, parks, malls and stadiums, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global vehicle parking meter market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vehicle parking meter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting vehicle parking meter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the vehicle parking meter market in these regions.

MARKET PLAYERS

The reports cover key developments in the vehicle parking meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Vehicle parking meter market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle parking meter in the global market. Below mentioned is the list of few companies engaged in the vehicle parking meter market.

The report also includes the profiles of key vehicle parking meter companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   DITECH SRL
  
•   Duncan Solutions
  
•   Flowbird Group
  
•   IEM SA
  
•   IPS Group, Inc.
  
•   J.J. MacKay Canada Limited (MacKay Meters)
  
•   Meisel Holdings LLC
  
•   MEYPAR, S.L.
  
•   Parking BOXX
  
•   Ventek International
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Vehicle Parking Meter Report Scope