Parking Meter Market Global Insights and Trends 2022 to 2027 - IEM, METRIC Group Ltd, J.J. MacKay Canada Limited

This Parking Meter Market analysis sheds light on novel methodologies used by major key players in the market. It further focuses on competitive landscape, which covers all the business-related details, company description, sales growth and revenue generation rate. Industry sectors and growth size is also discussed in this market research analysis. This Parking Meter Market study report allows key participants to go through comprehensive insights into the market developments and novel product launches. Industry owners are able to make right investment in the product or service launch

Global Parking Meter Market size is projected to reach USD 10970 million by 2026, from USD 8962.5 million in 2021, at a CAGR of 6.2% During 2021-2026.

Main companies in the global Parking Meter market: FLOWBIRD, POM Inc., Hectronic, Kinouwell Tech, IEM, METRIC Group Ltd, J.J. MacKay Canada Limited, IPS Group, Inc., Shenzhen Horoad Electronic Technology, Ventek International, Parking BOXX, CivicSmart, Inc., LocoMobi Inc and others.

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Market Overview:

Parking meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters can be used as a tool for enforcing the street parking policy by municipalities. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies parking management solutions. Public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand which is major driver for parking meter market. Traffic congestion caused by vehicles is an alarming problem both in developed as well as developing countries.

Industry News:

Flowbird is excited to share with you the latest news about Hong Kong!

The Transport Department (TD) said today (January 17) that, as one of the smart mobility initiatives, replacement of about 9 800 existing roadside parking meters by the new ones in Hong Kong have been completed to replace the old Octopus-card operated parking meters.

The new parking meters support the payment of parking fees through multiple means and equipped with sensors to detect whether a parking space is occupied. The new meters also support on-site and remote payment of parking fees through mobile application "HKeMeter". Details are available at TD's website. For enquiries, members of the public can call 24-hour customer service hotline at 2332 3700.

This report segments the global Parking Meter market on the basis of the following types:

Parking Meter (Single Space)

Parking Kiosks (Multi Space)

On the basis of application, the global Parking Meter market is segmented into:

Government Institutions

Hospitals

Parks

Transit Systems

Malls & Stadiums

Other

For a complete understanding of the market dynamics, the global Parking Meter market is analyzed into key geographies namely:  United States, China, Europe, Japan, Southeast Asia, India, and others. Each of these regions is analyzed on the basis of market findings in major countries in these regions for a macro-level understanding of the market.

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Some of the Key Questions Answered in the Parking Meter Market Report:

-Short-Term & Long-Term factors that will affect the Industry due to COVID-19.
- What is the Market Growth, Sales for each Region/Country, Production, Consumption, Import-Export, Trends, Latest Development, etc.?

-Historical, Present and Future market development, growth and market size till the forecast period.

-What are the key regions or segments that will drive the market in the near future?

-Comprehensive mapping of the key participants and the latest strategies adopted by the player's in the Industry. Manufacturer's behavior analysis.

- Detailed Qualitative analysis and Quantitative insights presented in the report that is helpful for future growth.

The research includes historic data from 2015 to 2020 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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