Press release
North America On Street Vehicle Parking Meter Market: Size, Share, Growth, Trends, and Forecast 2021-2028
The on street vehicle parking meter market in North America is expected to grow from US$ 267.44 million in 2021 to US$ 489.11 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.The increasing population count in urban cities has driven the vehicles sale. With rising disposable incomes, the population is keen to have their own vehicles for daily commute. Rapid growth in urbanization with the increasing sale of vehicles has led to the increased adoption of smart parking management solutions. The requirement of smart parking meters to efficiently manage available parking spaces has propelled the market growth. Therefore, these factors drive the on-street vehicle parking meter market growth to facilitate parking payment methods.
The North America on street vehicle parking meter market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Lack of accessible parking and rising traffic congestions are creating demand for smart parking technology. Smart parking technology keeps evolving with digitalization in payment operations and parking meters advancements. The multi-space parking kiosks are grabbing significant attention in urban cities due to their convenience for payment methods. Governments and private place owners adopt multi-space parking kiosks to manage parking spaces efficiently and increase parking revenue. For instance, in 2019, Madison city's parking division has completed the installation of 650 single-space smart meters by replacing the old on-street coin-only meters.
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The North America On Street Vehicle Parking Meter Market market following are the manufacturers cover -
Duncan Solutions
Flowbird
IPS Group, Inc.
J.J. MacKay Canada Limited (MacKay Meters)
Metric Group Ltd.
Meypar S.L.
Parking BOXX Inc.
Ventek International
The leading players of the North America On Street Vehicle Parking Meter Market industry, their market share, product portfolio, company profiles are covered during this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among North America On Street Vehicle Parking Meter Market players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and helpful guide to shaping your business growth.
Market Segment by Type, the product can be divided into:
North America On Street Vehicle Parking Meter Market -By Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
North America On Street Vehicle Parking Meter Market -By Payment Type
Credit Card
Bills
Coins
This analysis report also presents practical and practical case studies to help you get a clearer understanding of the subject. This analysis report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks within the North America On Street Vehicle Parking Meter Market market.
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Table of Contents: North America On Street Vehicle Parking Meter Market Market 2021 - 2028
Chapter 1: Overview of North America On Street Vehicle Parking Meter Market
Chapter 2: Regional Market Status and Forecast by Regions
Chapter 3: Regional Market Status and Forecast by Types
Chapter 4: Regional Market Status and Forecast by Downstream Industry
Chapter 5: Market driving correlational analysis
Chapter 6: Market competition status by major makers
Chapter 7: Major manufacturer's introduction and market data
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Chapter 8: Upstream and downstream market analysis
Chapter 9: Cost and gross margin analysis
Chapter 10: Marketing status analysis
Chapter 11: Market report conclusion
Chapter 12: Research methodology and reference
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