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China Smart Parking Industry Report, 2016

China Smart Parking Industry Report, 2016

As the Chinese automobile market expands rapidly, parking problem becomes increasingly prominent with parking space gap exceeding an estimated 50 million. Meanwhile, the problem is exacerbated by low utilization because of difficult access to parking spot information caused by less intelligent parking lots. Additionally, as smart city and intelligent transportation emerge, the demand for smart parking system begins to rise.

In 2015, propelled by a number of favorable policies, the Chinese parking lot management system size was worth about RMB5.52 billion, up 47.2% from a year ago. It is expected the market will maintain a growth rate of over 30% over the next couple of years, arriving at RMB27.08 billion by 2020. Moreover, new sectors like parking data operation and Internet parking services will bring about new markets of RMB10 billion+. Smart parking industry enjoys a potential market of at least RMB100 billion, indicating broad prospects for development.

Smart parking industry presents a relatively fragmented pattern on the whole, consisting mainly of smart parking equipment manufacturers, smart parking solution providers, and Internet parking enterprises.

Traditional smart parking software & hardware suppliers, with technological capabilities for software and hardware, primarily provide smart parking equipment and solutions for parking lots. Actuated by “Internet+”, some enterprises, represented by ETCP, JSST, Guangdong Anjubao Digital Technology, ZTE ITS, and Reformer Holding, have launched client-based smart parking APPs.

Featuring light asset and big data, Internet parking enterprises provide users with parking spot reservation, parking lot navigation, parking fees settlement, etc. by cooperating with parking lots and presenting real-time information on spare parking spots on APPs. Representative players include Parking We, 51Park, Tingchebao, and Uboche. Some of them have secured B round of financing, while some got few.

In addition, BAT have made their presence in smart parking industry with “Baidu Map + Baidu Wallet”, “Alipay + AutoNavi + Reformer Holding”, and “WeChat Official Account + WeChat Payment”, integrating and embedding parking APPs via map, payment applications, and traffic entrance applications. With participation of various types of enterprises, the Chinese smart parking market will become highly competitive and more mature.

China Smart Parking Industry Report, 2016 focuses on the followings:
Overview of global smart parking industry and introduction to typical foreign projects;
Smart parking industry in China (background, status quo, market size, competitive landscape, development trends);
Smart parking-related industries in China (automobile, stereo garage, real estate, mobile payment);
14 smart parking enterprises in China (operation, financing, smart parking business, etc.)

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1 Overview
1.1 Definition
1.2 Business Model
1.3 Operating Principle
1.4 Main Features
1.5 Development Phase
2 Global Smart Parking Industry
2.1 Overview
2.2 Typical Smart Parking Projects
2.2.1 ZIRX
2.2.2 Luxe Valet
2.2.3 Parking In Motion
2.2.4 ParkMe
2.2.5 Parking Panda
3 Smart Parking Industry in China
3.1 Background
3.1.1 Rising Car Ownership and Severe Parking Problem
3.1.2 Less Intelligent Parking Lots
3.1.3 Features of Various Parking Lots
3.1.4 Policies to Promote Smart Parking
3.2 Status Quo
3.3 Market Size
3.4 Competitive Landscape
3.5 BAT’s Presence in Smart Parking
3.6 Local Efforts to Develop Smart Parking
3.6.1 Xi’an to Build 50,000 Parking Spots;RMB5,000 Renovation Subsidy for Parking Lots Connected to Smart Parking Platform by the End of 2017
3.6.2 Shanghai Implemented the Country’s First Local Standard for Smart Parking
3.6.3 Beijing Dongcheng District Government Issued Traffic Congestion Alleviation Plan 2016, Pushing Cellphone Parking APP
3.6.4 Shenzhen City Management Bureau Builds Smart Parking Lots in Scenic Spots
3.6.5 Guangzhou Municipal Transportation Commission Pushes “Xing Xun Tong”APP to Fuel the Development of Smart Parking
3.7 Development Trends
3.7.1 Internet Parking Applications Advance; Dig up the Value of Parking Big Data
3.7.2 Solution Providers in Transition to Operation Service Providers
3.7.3 Integrated Smart Parking Platform Opens the Portal to Make Profit from Value-added Service
4 Overview of Smart Parking-related Industries
4.1 Automobile
4.1.1 Ownership
4.1.2 Output & Sales
4.2 Stereo Garage
4.2.1 Development History
4.2.2 Advantages and Features
4.2.3 Status Quo
4.3 Real Estate
4.4 Mobile Payment
4.4.1 Definition
4.4.2 Industrial Chain
4.4.3 Market Size
4.4.4 Competitive Landscape
5 Major Enterprises
5.1 ETCP
5.1.1 Profile
5.1.2 Smart Parking Business
5.1.3 Application Cases
5.1.4 Financing
5.2 Parking We
5.2.1 Profile
5.2.2 Smart Parking Business
5.2.3 Developments
5.3 JSST
5.3.1 Profile
5.3.2 Operation
5.3.3 Revenue Structure
5.3.4 R&D Expenditure
5.3.5 Smart Parking Business
5.4 Anjubao
5.4.1 Profile
5.4.2 Operation
5.4.3 Revenue Structure
5.4.4 R&D Expenditure
5.4.5 Presence in Smart Parking
5.5 51Park
5.5.1 Profile
5.5.2 Smart Parking Business
5.5.3 Financing
5.5.4 Cooperation with Alipay and Baidu Map
5.6 DDTC
5.6.1 Profile
5.6.2 Financing
5.6.3 Smart Parking Business
5.6.4 Cooperation with Ford
5.7 ZTE ITS
5.7.1 Profile
5.7.2 Smart Parking Business
5.8 Reformer Holding
5.8.1 Profile
5.8.2 Operation
5.8.3 Revenue Structure
5.8.4 R&D Expenditure
5.8.5 Financing
5.8.6 Smart Parking Business
5.8.7 Developments
5.9 Wuyang Technology
5.9.1 Profile
5.9.2 Operation
5.9.3 Presence in Stereo Parking Industry
5.9.4 Presence in Smart Parking
5.10 KEYTOP
5.10.1 Profile
5.10.2 Smart Parking Business
5.10.3 Developments
5.11 Tingchebao
5.11.1 Profile
5.11.2 Financing
5.11.3 Smart Parking Business
5.12 EParking
5.12.1 Profile
5.12.2 Smart Parking Business
5.13 PP Parking (660pp)
5.13.1 Profile
5.13.2 Smart Parking Business
5.14 Uboche
5.14.1 Profile
5.14.2 Financing

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