Parking Meter Device Market Segmentation Along With Regional Outlook, Competitive Strategies, Factors Contributing To Growth 2023-2029-

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.

The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc.

Across the world, the major players cover Flowbird, POM, Hectronic, etc.

Market Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Parking Meter Device estimated at US$ 3421 million in the year 2022, is projected to reach a revised size of US$ 4717 million by 2028, growing at a CAGR of 5.5% during the forecast period 2022-2028.

The key sales markets locate in North America, Europe and Asia-Pacific. North America takes the sales volume market share of 36%, followed by Europe with 31% and Asia-Pacific with 21%.

Flowbird, POM and T2 Systems are the top 3 players of Parking Meter Device, with about 8% market shares.

The research study presented here is an intelligent take on the global Parking Meter Device Market that explains important aspects such as competition, segmentation, and regional growth in great detail. Accuracy and preciseness are two of the key features of the report that reflect its authenticity. The authors of the report have focused on SWOT analysis, Porter's Five Forces analysis, and PESTLE analysis of the global Parking Meter Device market. In addition, they have concentrated on qualitative and quantitative analyses to help with a deep understanding of the global Parking Meter Device market. Furthermore, the report provides powerful suggestions and recommendations to help players create strong growth strategies and ensure impressive sales in the global Parking Meter Device market.

As part of the competitive analysis, the research study includes exhaustive company profiling of leading players of the global Parking Meter Device market. All of the segments studied in the report are analyzed based on different factors such as market share, revenue, and CAGR. The analysts have also thoroughly analyzed different regions such as North America, Europe, and the Asia Pacific on the basis of production, revenue, and sales in the global Parking Meter Device market. The researchers used advanced primary and secondary research methodologies and tools for preparing this report on the global Parking Meter Device market.

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Parking Meter Device Market Leading Players

Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, CivicSmart, Parking BOXX, LocoMobi, Horoad Electronic, Kinouwell Tech

Parking Meter Device Market Product Type Segments

Parking Meter (Single Space), Parking Kiosks (Multi Space)

Parking Meter Device Market Application Segments

Government Institutions, Hospitals, Parks, Transit Systems, Malls & Stadiums, Others

Table of Contents

Report Overview: This is the first section of the report on the global Parking Meter Device market that includes research scope, major manufacturers covered in the research study, market segments by type and application, years considered, and study objectives.

Global Growth Trends: It includes capacity and production analysis where market pricing and trends, capacity, production, and production value are shed light upon. This section also includes industry trends and growth rate of key producers in the global Parking Meter Device market.

Market Share by Manufacturers: Here, the report includes important chapters, viz. revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, areas served and distribution by manufacturers, expansion plans, mergers, and acquisitions, products offered by manufacturers, and date of manufacturers entering the global Parking Meter Device market.

Market Size by Type: This section discusses ex-factory price by type, production value market share by type, and production market share by type.
Market Size by Application: It brings to light the consumption in the global Parking Meter Device market by application.

Production by Region: Here, each regional market is comprehensively studied with key focus on import and export, leading players, production value growth rate, and production growth rate.

Consumption by Region: It includes an analysis of the consumption of each region studied in the report on the basis of country, type, and application.

Company Profiles: There are different players of the global Parking Meter Device market profiled in this section of the report. All of the players are analyzed considering their recent developments, products, revenue, and company details.

Market Forecast - Production Side: It includes production and production value forecast by type, forecast of key producers, and production and production value forecast by region.

Market Forecast - Consumption Side: It includes consumption forecast by region and application. In addition, it offers consumption forecast by the country for regional markets studied in the report.

Opportunities and Challenges, Threats, and Affecting Factors: This section provides Porter's Five Forces analysis, market challenges, and market opportunities.

Sales Channel and Value Chain Analyses: It includes customer analysis, analysis of distributors and sales channels, and value chain analysis.

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Key Findings.

Report Objectives

• To carefully analyze and estimate the size of the global Parking Meter Device market.
• To clearly segment the global Parking Meter Device market and estimate the market size of the segments.
• To provide details about key strategies adopted by leading players of the global Parking Meter Device market.
• To help readers understand the current and future market scenarios.
• To provide information about the latest trends of the global Parking Meter Device market and its key segments.
• To assess the contribution of each region or country to the global Parking Meter Device market.
• To provide information on important drivers, restraints, and opportunities of the global Parking Meter Device market.
• To accurately calculate the market shares of key segments, regions, and companies in the global Parking Meter Device market.

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