Global Parking Meter Device Market Growth 2025-2031

Publication ID:

LPI04252537

Publication Date:

April 21, 2025

Pages:

125

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Automotive) [2]

Components [3]

Automotive [4]

Description:

The global Parking Meter Device market size is predicted to grow from US$ 3686 million in 2025 to US$ 5142 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.
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鈥� 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. The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc. Across the world, the major players cover Flowbird, POM, Hectronic, etc.
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.
The 鈥淧arking Meter Device Industry Forecast鈥� looks at past sales and reviews total world Parking Meter Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Parking Meter Device sales for 2025 through 2031. With Parking Meter Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parking Meter Device industry.
This Insight Report provides a comprehensive analysis of the global Parking Meter Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Parking Meter Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Parking Meter Device market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parking Meter Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parking Meter Device.
This report presents a comprehensive overview, market shares, and growth opportunities of Parking Meter Device market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Segmentation by Application:
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Parking Meter Device market?
What factors are driving Parking Meter Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Parking Meter Device market opportunities vary by end market size?
How does Parking Meter Device break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Parking Meter Device Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Parking Meter Device by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Parking Meter Device by Country/Region, 2020, 2024 & 2031
2.2 Parking Meter Device Segment by Type
2.2.1 Parking Meter (Single Space)
2.2.2 Parking Kiosks (Multi Space)
2.3 Parking Meter Device Sales by Type
2.3.1 Global Parking Meter Device Sales Market Share by Type (2020-2025)
2.3.2 Global Parking Meter Device Revenue and Market Share by Type (2020-2025)
2.3.3 Global Parking Meter Device Sale Price by Type (2020-2025)
2.4 Parking Meter Device Segment by Application
2.4.1 Government Institutions
2.4.2 Hospitals
2.4.3 Parks
2.4.4 Transit Systems
2.4.5 Malls & Stadiums
2.4.6 Others
2.5 Parking Meter Device Sales by Application
2.5.1 Global Parking Meter Device Sale Market Share by Application (2020-2025)
2.5.2 Global Parking Meter Device Revenue and Market Share by Application (2020-2025)
2.5.3 Global Parking Meter Device Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Parking Meter Device Breakdown Data by Company
3.1.1 Global Parking Meter Device Annual Sales by Company (2020-2025)
3.1.2 Global Parking Meter Device Sales Market Share by Company (2020-2025)
3.2 Global Parking Meter Device Annual Revenue by Company (2020-2025)
3.2.1 Global Parking Meter Device Revenue by Company (2020-2025)
3.2.2 Global Parking Meter Device Revenue Market Share by Company (2020-2025)
3.3 Global Parking Meter Device Sale Price by Company
3.4 Key Manufacturers Parking Meter Device Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Parking Meter Device Product Location Distribution
3.4.2 Players Parking Meter Device Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Parking Meter Device by Geographic Region
4.1 World Historic Parking Meter Device Market Size by Geographic Region (2020-2025)
4.1.1 Global Parking Meter Device Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Parking Meter Device Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Parking Meter Device Market Size by Country/Region (2020-2025)
4.2.1 Global Parking Meter Device Annual Sales by Country/Region (2020-2025)
4.2.2 Global Parking Meter Device Annual Revenue by Country/Region (2020-2025)
4.3 Americas Parking Meter Device Sales Growth
4.4 APAC Parking Meter Device Sales Growth
4.5 Europe Parking Meter Device Sales Growth
4.6 Middle East & Africa Parking Meter Device Sales Growth
5 Americas
5.1 Americas Parking Meter Device Sales by Country
5.1.1 Americas Parking Meter Device Sales by Country (2020-2025)
5.1.2 Americas Parking Meter Device Revenue by Country (2020-2025)
5.2 Americas Parking Meter Device Sales by Type (2020-2025)
5.3 Americas Parking Meter Device Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Parking Meter Device Sales by Region
6.1.1 APAC Parking Meter Device Sales by Region (2020-2025)
6.1.2 APAC Parking Meter Device Revenue by Region (2020-2025)
6.2 APAC Parking Meter Device Sales by Type (2020-2025)
6.3 APAC Parking Meter Device Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Parking Meter Device by Country
7.1.1 Europe Parking Meter Device Sales by Country (2020-2025)
7.1.2 Europe Parking Meter Device Revenue by Country (2020-2025)
7.2 Europe Parking Meter Device Sales by Type (2020-2025)
7.3 Europe Parking Meter Device Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Parking Meter Device by Country
8.1.1 Middle East & Africa Parking Meter Device Sales by Country (2020-2025)
8.1.2 Middle East & Africa Parking Meter Device Revenue by Country (2020-2025)
8.2 Middle East & Africa Parking Meter Device Sales by Type (2020-2025)
8.3 Middle East & Africa Parking Meter Device Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Parking Meter Device
10.3 Manufacturing Process Analysis of Parking Meter Device
10.4 Industry Chain Structure of Parking Meter Device
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Parking Meter Device Distributors
11.3 Parking Meter Device Customer
12 World Forecast Review for Parking Meter Device by Geographic Region
12.1 Global Parking Meter Device Market Size Forecast by Region
12.1.1 Global Parking Meter Device Forecast by Region (2026-2031)
12.1.2 Global Parking Meter Device Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Parking Meter Device Forecast by Type (2026-2031)
12.7 Global Parking Meter Device Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Flowbird
13.1.1 Flowbird Company Information
13.1.2 Flowbird Parking Meter Device Product Portfolios and Specifications
13.1.3 Flowbird Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Flowbird Main Business Overview
13.1.5 Flowbird Latest Developments
13.2 POM
13.2.1 POM Company Information
13.2.2 POM Parking Meter Device Product Portfolios and Specifications
13.2.3 POM Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 POM Main Business Overview
13.2.5 POM Latest Developments
13.3 T2 Systems
13.3.1 T2 Systems Company Information
13.3.2 T2 Systems Parking Meter Device Product Portfolios and Specifications
13.3.3 T2 Systems Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 T2 Systems Main Business Overview
13.3.5 T2 Systems Latest Developments
13.4 Hectronic
13.4.1 Hectronic Company Information
13.4.2 Hectronic Parking Meter Device Product Portfolios and Specifications
13.4.3 Hectronic Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Hectronic Main Business Overview
13.4.5 Hectronic Latest Developments
13.5 MacKay Meters
13.5.1 MacKay Meters Company Information
13.5.2 MacKay Meters Parking Meter Device Product Portfolios and Specifications
13.5.3 MacKay Meters Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 MacKay Meters Main Business Overview
13.5.5 MacKay Meters Latest Developments
13.6 METRIC Group
13.6.1 METRIC Group Company Information
13.6.2 METRIC Group Parking Meter Device Product Portfolios and Specifications
13.6.3 METRIC Group Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 METRIC Group Main Business Overview
13.6.5 METRIC Group Latest Developments
13.7 IPS Group
13.7.1 IPS Group Company Information
13.7.2 IPS Group Parking Meter Device Product Portfolios and Specifications
13.7.3 IPS Group Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 IPS Group Main Business Overview
13.7.5 IPS Group Latest Developments
13.8 Viatron
13.8.1 Viatron Company Information
13.8.2 Viatron Parking Meter Device Product Portfolios and Specifications
13.8.3 Viatron Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Viatron Main Business Overview
13.8.5 Viatron Latest Developments
13.9 IEM
13.9.1 IEM Company Information
13.9.2 IEM Parking Meter Device Product Portfolios and Specifications
13.9.3 IEM Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 IEM Main Business Overview
13.9.5 IEM Latest Developments
13.10 Ventek International
13.10.1 Ventek International Company Information
13.10.2 Ventek International Parking Meter Device Product Portfolios and Specifications
13.10.3 Ventek International Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Ventek International Main Business Overview
13.10.5 Ventek International Latest Developments
13.11 CivicSmart
13.11.1 CivicSmart Company Information
13.11.2 CivicSmart Parking Meter Device Product Portfolios and Specifications
13.11.3 CivicSmart Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 CivicSmart Main Business Overview
13.11.5 CivicSmart Latest Developments
13.12 Parking BOXX
13.12.1 Parking BOXX Company Information
13.12.2 Parking BOXX Parking Meter Device Product Portfolios and Specifications
13.12.3 Parking BOXX Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Parking BOXX Main Business Overview
13.12.5 Parking BOXX Latest Developments
13.13 LocoMobi
13.13.1 LocoMobi Company Information
13.13.2 LocoMobi Parking Meter Device Product Portfolios and Specifications
13.13.3 LocoMobi Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 LocoMobi Main Business Overview
13.13.5 LocoMobi Latest Developments
13.14 Horoad Electronic
13.14.1 Horoad Electronic Company Information
13.14.2 Horoad Electronic Parking Meter Device Product Portfolios and Specifications
13.14.3 Horoad Electronic Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Horoad Electronic Main Business Overview
13.14.5 Horoad Electronic Latest Developments
13.15 Kinouwell Tech
13.15.1 Kinouwell Tech Company Information
13.15.2 Kinouwell Tech Parking Meter Device Product Portfolios and Specifications
13.15.3 Kinouwell Tech Parking Meter Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Kinouwell Tech Main Business Overview
13.15.5 Kinouwell Tech Latest Developments
14 Research Findings and Conclusion

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