Parking Meter Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The Parking Meter Market size is expected to grow at an annual average of 5% during 2021-2027. A parking meter is a device used to collect income in exchange for parking a vehicle in a specific place for a limited time. Municipalities use parking meters due to their integrated on-street parking policy on traffic and mobility management policies. Parking meters are mainly installed in high-traffic locations such as government agencies, hospitals, parks, shopping malls and stadiums, and are used to monetize parked vehicles. By installing parking meters in high-traffic areas, they can be used as tools for municipalities to enforce on-street parking policies. Parking meters are part of parking management solutions for public and private organizations. Public infrastructure such as public transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand, which is a major driver of the parking meter market.

The following segmentation are covered in this report:

By Application

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

By Technology

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

By Parking Mode

• Pay & Display
• Plate
• Space
• Others

Company Profile

• FLOWBIRD
• POM
• Hectronic
• Kinouwell Tech
• IEM
• METRIC Group
• J.J. MacKay Canada
• IPS Group
• Shenzhen Horoad Electronic Technology

Scope of the report

The research study analyses the Parking Meter Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Parking Meter Market Report

• What was the Parking Meter Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Parking Meter Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.