Global Parking Meter Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Parking Meter market size was valued at US$ 3912 million in 2024 and is forecast to a readjusted size of USD 5601 million by 2031 with a CAGR of 5.3% during review period.
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.
Urbanization and Increased Vehicle Ownership: The rise in urban populations and the number of vehicles has led to higher demand for efficient parking management solutions, including parking meters, to address congestion and limited parking spaces.
Advancements in Smart Parking Technologies: The integration of digital payment systems, mobile applications, and real-time data analytics into parking meters enhances user convenience and operational efficiency, driving market growth.
Government Regulations and Initiatives: Municipal authorities are implementing policies to manage urban traffic and parking, including the installation of parking meters to regulate parking durations and generate revenue.
Environmental Concerns: Efforts to reduce urban congestion and emissions encourage the adoption of parking meters to manage parking availability, discourage prolonged parking, and promote the use of public transportation.
Revenue Generation for Municipalities: Parking meters provide a steady income stream for local governments, funding infrastructure projects and public services, thereby incentivizing their deployment.
Technological Innovations: Developments in contactless payments, license plate recognition, and integration with smart city initiatives make modern parking meters more efficient and user-friendly, boosting their adoption.
Increased Awareness of Efficient Parking Management: There is a growing recognition of the importance of effective parking management in reducing traffic congestion and improving urban mobility, leading to the implementation of advanced parking meter systems.
This report is a detailed and comprehensive analysis for global Parking Meter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Parking Meter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Parking Meter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Parking Meter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Parking Meter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Market segment by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Other
Major players covered
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Parking Meter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Parking Meter, with price, sales quantity, revenue, and global market share of Parking Meter from 2020 to 2025.
Chapter 3, the Parking Meter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Parking Meter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Parking Meter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Parking Meter.
Chapter 14 and 15, to describe Parking Meter sales channel, distributors, customers, research findings and conclusion.
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.
Urbanization and Increased Vehicle Ownership: The rise in urban populations and the number of vehicles has led to higher demand for efficient parking management solutions, including parking meters, to address congestion and limited parking spaces.
Advancements in Smart Parking Technologies: The integration of digital payment systems, mobile applications, and real-time data analytics into parking meters enhances user convenience and operational efficiency, driving market growth.
Government Regulations and Initiatives: Municipal authorities are implementing policies to manage urban traffic and parking, including the installation of parking meters to regulate parking durations and generate revenue.
Environmental Concerns: Efforts to reduce urban congestion and emissions encourage the adoption of parking meters to manage parking availability, discourage prolonged parking, and promote the use of public transportation.
Revenue Generation for Municipalities: Parking meters provide a steady income stream for local governments, funding infrastructure projects and public services, thereby incentivizing their deployment.
Technological Innovations: Developments in contactless payments, license plate recognition, and integration with smart city initiatives make modern parking meters more efficient and user-friendly, boosting their adoption.
Increased Awareness of Efficient Parking Management: There is a growing recognition of the importance of effective parking management in reducing traffic congestion and improving urban mobility, leading to the implementation of advanced parking meter systems.
This report is a detailed and comprehensive analysis for global Parking Meter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Parking Meter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parking Meter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Parking Meter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Parking Meter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Parking Meter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Market segment by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Other
Major players covered
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Parking Meter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Parking Meter, with price, sales quantity, revenue, and global market share of Parking Meter from 2020 to 2025.
Chapter 3, the Parking Meter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Parking Meter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Parking Meter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Parking Meter.
Chapter 14 and 15, to describe Parking Meter sales channel, distributors, customers, research findings and conclusion.
Table of Contents
124 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Parking Meter by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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