Parking Meter Market Advancements and Future Trends 2023 To 2030 | Top Players are Parking BOXX, POM, IPS

HTF Market Intelligence recently released a survey document on Parking Meter market and provides information and useful stats on market structure and size.

The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Parking Meter market.

Some of the companies listed in the study from the complete survey list are Flowbird (France), IPS Group Inc. (United States), J.J. MacKay Canada Limited (Canada), LocoMobi Inc. (Canada), METRIC Group Ltd (United Kingdom), Parking BOXX (Canada), POM Inc. (United States), Ventek International (United States), Worldwide Parking, Inc. (United States), CivicSmart, Inc. (United States),.

According to HTF Market Intelligence, the global Parking Meter market is valued at USD Million in 2023 and estimated to reach a revenue of USD Million by 2030, with a CAGR of % from 2023 to 2030.

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Definition:

A parking meter is a device used to collect payment for parking a vehicle in a particular space or area for a specific amount of time. Typically found along streets or in parking lots, parking meters require users to deposit coins, tokens, or use electronic payment methods such as credit cards or mobile apps to purchase parking time. Once payment is made, the meter dispenses a receipt or displays a timer indicating the duration of time purchased. Parking meters help regulate parking spaces, manage traffic flow, and generate revenue for municipalities or private entities responsible for managing parking facilities.

Market Trends:

Parking meters were increasingly integrating digital payment options such as mobile apps, contactless card payments, and electronic wallets. This trend aimed to enhance convenience for users and streamline the payment process.

Market Drivers:

Parking meters play a role in traffic management by encouraging turnover of parking spaces, reducing congestion caused by vehicles circling in search of parking, and optimizing the use of available parking infrastructure.

Market Opportunities:

Develop and implement smart parking solutions that leverage sensors, data analytics, and mobile apps to provide real-time information on parking availability. This can help drivers locate parking spaces more efficiently, reducing congestion and emissions while optimizing parking utilization.
Key Players in This Report Include: Flowbird (France), IPS Group Inc. (United States), J.J. MacKay Canada Limited (Canada), LocoMobi Inc. (Canada), METRIC Group Ltd (United Kingdom), Parking BOXX (Canada), POM Inc. (United States), Ventek International (United States), Worldwide Parking, Inc. (United States),
CivicSmart, Inc. (United States),

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The Global Parking Meter Market segments and Market Data Break Down are illuminated below:

Parking Meter Market is Segmented by Global Parking Meter Market Breakdown by Application (Hospitals, Parks, Government Institutions, Transit Systems, Malls & Stadium, Others) by Technology Type (Parking Meter, Parking Kiosks) by Parking Mode Type (Plate, Play & Display, Space, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Parking Meter market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Parking Meter market by value and volume.
• -To estimate the market shares of major segments of the Parking Meter
• -To showcase the development of the Parking Meter market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Parking Meter market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Parking Meter
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Parking Meter market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:
Parking Meter Market Study Coverage:

• It includes major manufacturers, emerging player's growth story, and major business segments of Parking Meter market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

• Parking Meter Market Executive Summary:

It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Parking Meter Market Production by Region Parking Meter Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Parking Meter Market Report:

• Parking Meter Overview, Definition and Classification Market drivers and barriers
• Parking Meter Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Parking Meter Market
• Parking Meter Capacity, Production, Revenue (Value) by Region (2023-2030)
• Parking Meter Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Parking Meter Production, Revenue (Value), Price Trend by Type {Parking Meter, Parking Kiosks}
• Parking Meter Manufacturers Profiles/Analysis Parking Meter Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered

• How feasible is Parking Meter market for long-term investment?
• What are influencing factors driving the demand for Parking Meter near future?
• What is the impact analysis of various factors in the Global Parking Meter market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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