Connected Vehicle and Parking Space Market 2021 Global Outlook - BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG, Parking Space Providers

The Connected Vehicle and Parking Space Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The connected vehicles and packing space market are expected to witness a growth at a CAGR of 22.3% over the forecast period (2020-2025).

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Top Leading Companies of Connected Vehicle and Parking Space Market are BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG, Parking Space Providers, Conduent, Indigo Park SA, Amano Inc, Swarco AG and others.

Industry News and Updates

May 2020 - Volkswagon AG has announced to invest over USD 2.2 billion for its electric vehicle venture with a Chinese partner in a USD 1.1 billion deal, and another USD 1.1 billion for battery manufacturing in China. With this expansion, the company will be the biggest shareholder in battery production globally.

May 2020 - Parklio barriers have been set up in 42 reserved parking spaces in front of nine hotels in Split to help prevent further misuse of these parking spaces.

Key Market Trends

Europe is Expected to Hold the Largest Market Share in Parking Industry

- The smart city projects in Europe are looking forward to the enhanced mobility solutions with an aim to reduce pollution, congestion, time for passengers in search of parking spaces, and improve accessibility. The European Union has mentioned that the digitization, and working in tandem with appropriate political strategies are the main pillars for improving parking efficiency and offer new parking services to serve better cities Sustainable Urban Mobility Plans (SUMP).

- Dynamic pricing is one of the ongoing pricing strategies offered by most of the parking space providers in the region. The dynamic pricing has been standard practices in many industries e.g., in the airline and hotel industry. To make the parking space easily available, these providers are revamping parking policies and updating zoning rules to induce and encourage clean mobility oriented developments.

- Over the past ten years, the parking sector has experienced the introduction of several technological innovations such as dynamic information systems, mobile apps to find, pay, and reserve, automated number plate recognition (ANPR) systems, sensors, cameras for paid parking. Oslo (Norway) and Madrid (Spain) are some of the cities that recently commenced both on-street and off-street parking with a dynamic pricing model.

Regional Outlook of Connected Vehicle and Parking Space Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Connected Vehicle and Parking Space Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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