Press release
Parking Meter Market is projected to display a robust growth represented by a CAGR of 6.97% during 2019 – 2025 | Top Key Players - Cale Access AB, CivicsSmart, LocoMobi, METRIC Group, Parking BOXX
Parking Meter Market
Global Parking Meter Market Overview:
The Global Parking Meter Market valued approximately 9.61 Billion $ in 2017 is anticipated to grow with a healthy growth rate of more than 6.97% over the forecast period 2018-2025.
The Parking Meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies parking management solutions. The parking meter is highly suitable for public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings universities and hospitals that generate high parking demand.
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As per the market report analysis, improving automobile industry and changing living & working ways with fast moving global economies are the substantial driving factors of the market across the globe. Moreover, inclusion of IoT-based services in public places is the factors that likely to create lucrative opportunities in the market over the upcoming years. Further, parking meter offers various benefits such as optimized parking, reduce traffic, enhanced user experience, new revenue streams, increased safety etc. These benefits also lead in rising demand of parking meter across the world. However, high initial investment requirement and lack of advanced technologies in developing economies are the factors that limiting the market growth of Parking Meter during the forecast period.
The Global Parking Meter Market is segmented on the basis of Type, End-User and Region. Based on the Type, the Global Parking Meter Market is sub-segmented into Parking Meter (Single Space) and Parking Kiosks (Multi Space). On the basis of End-User, the Global Parking Meter Market is classified into Government Institutions, Hospitals, Parks, Transit Systems, Malls & Stadiums and others.
In terms of the regional analysis, APAC is the significant region across the world in terms of market share owing to technological development, rising adoption of smart devices and growing population in emerging economies such as China and India. Further, Europe is anticipated a stable growth in the global Parking Meter Market during the forecast period. North America is also anticipated to exhibit higher CAGR over the forecast period 2018-2025 due to rising government support and presence of large number of automotive industry in the region.
Purchase this report online with 200 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Parking Meter Market Report 2019” @ https://www.businessindustryreports.com/buy-now/142597/single .
Major Key Players:
1 Cale Access AB
2 CivicsSmart Inc.
3 IPS Group Inc.
4 LocoMobi Inc.
5 J.J. MacKay Canada Limited
6 METRIC Group Ltd.
7 Parkeon S.A.S.
8 Parking BOXX and More................
Market segment by Regions/Countries, this report covers
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which are the leading market products, applications & regions and how will they perform by 2025?
3 What are the technologies & innovation trends, how will they evolve by 2025?
4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
Major Points in Table of Contents:
Global Parking Meter Market Report 2019
1 Executive Summary
2 Parking Meter Market Definition and Scope
3 Parking Meter Market Dynamics
4 Parking Meter Market Industry Analysis
5 Parking Meter Market, by Type
6 Parking Meter Market, by Application
7 Parking Meter Market, by Regional Analysis
8 Competitive Intelligence
9 Research Process
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