The global market for Parking Meter Device was valued at US$ 3590 million in the year 2024 and is projected to reach a revised size of US$ 5195 million by 2031, growing at a CAGR of 5.5% during the forecast 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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Parking Meter Device, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parking Meter Device.
The Parking Meter Device market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Parking Meter Device market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Parking Meter Device manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
by Type
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Parking Meter Device manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Parking Meter Device by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Parking Meter Device in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Parking Meter Device Market Overview
1.1 Product Definition
1.2 Parking Meter Device by Type
1.2.1 Global Parking Meter Device Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Parking Meter (Single Space)
1.2.3 Parking Kiosks (Multi Space)
1.3 Parking Meter Device by Application
1.3.1 Global Parking Meter Device Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Government Institutions
1.3.3 Hospitals
1.3.4 Parks
1.3.5 Transit Systems
1.3.6 Malls & Stadiums
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Parking Meter Device Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Parking Meter Device Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Parking Meter Device Production Estimates and Forecasts (2020-2031)
1.4.4 Global Parking Meter Device Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Parking Meter Device Production Market Share by Manufacturers (2020-2025)
2.2 Global Parking Meter Device Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Parking Meter Device, Industry Ranking, 2023 VS 2024
2.4 Global Parking Meter Device Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Parking Meter Device Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Parking Meter Device, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Parking Meter Device, Product Offered and Application
2.8 Global Key Manufacturers of Parking Meter Device, Date of Enter into This Industry
2.9 Parking Meter Device Market Competitive Situation and Trends
2.9.1 Parking Meter Device Market Concentration Rate
2.9.2 Global 5 and 10 Largest Parking Meter Device Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Parking Meter Device Production by Region
3.1 Global Parking Meter Device Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Parking Meter Device Production Value by Region (2020-2031)
3.2.1 Global Parking Meter Device Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Parking Meter Device by Region (2026-2031)
3.3 Global Parking Meter Device Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Parking Meter Device Production Volume by Region (2020-2031)
3.4.1 Global Parking Meter Device Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Parking Meter Device by Region (2026-2031)
3.5 Global Parking Meter Device Market Price Analysis by Region (2020-2025)
3.6 Global Parking Meter Device Production and Value, Year-over-Year Growth
3.6.1 North America Parking Meter Device Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Parking Meter Device Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Parking Meter Device Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Parking Meter Device Production Value Estimates and Forecasts (2020-2031)
4 Parking Meter Device Consumption by Region
4.1 Global Parking Meter Device Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Parking Meter Device Consumption by Region (2020-2031)
4.2.1 Global Parking Meter Device Consumption by Region (2020-2025)
4.2.2 Global Parking Meter Device Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Parking Meter Device Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Parking Meter Device Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Parking Meter Device Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Parking Meter Device Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Parking Meter Device Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Parking Meter Device Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Parking Meter Device Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Parking Meter Device Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Parking Meter Device Production by Type (2020-2031)
5.1.1 Global Parking Meter Device Production by Type (2020-2025)
5.1.2 Global Parking Meter Device Production by Type (2026-2031)
5.1.3 Global Parking Meter Device Production Market Share by Type (2020-2031)
5.2 Global Parking Meter Device Production Value by Type (2020-2031)
5.2.1 Global Parking Meter Device Production Value by Type (2020-2025)
5.2.2 Global Parking Meter Device Production Value by Type (2026-2031)
5.2.3 Global Parking Meter Device Production Value Market Share by Type (2020-2031)
5.3 Global Parking Meter Device Price by Type (2020-2031)
6 Segment by Application
6.1 Global Parking Meter Device Production by Application (2020-2031)
6.1.1 Global Parking Meter Device Production by Application (2020-2025)
6.1.2 Global Parking Meter Device Production by Application (2026-2031)
6.1.3 Global Parking Meter Device Production Market Share by Application (2020-2031)
6.2 Global Parking Meter Device Production Value by Application (2020-2031)
6.2.1 Global Parking Meter Device Production Value by Application (2020-2025)
6.2.2 Global Parking Meter Device Production Value by Application (2026-2031)
6.2.3 Global Parking Meter Device Production Value Market Share by Application (2020-2031)
6.3 Global Parking Meter Device Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Flowbird
7.1.1 Flowbird Parking Meter Device Company Information
7.1.2 Flowbird Parking Meter Device Product Portfolio
7.1.3 Flowbird Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Flowbird Main Business and Markets Served
7.1.5 Flowbird Recent Developments/Updates
7.2 POM
7.2.1 POM Parking Meter Device Company Information
7.2.2 POM Parking Meter Device Product Portfolio
7.2.3 POM Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.2.4 POM Main Business and Markets Served
7.2.5 POM Recent Developments/Updates
7.3 T2 Systems
7.3.1 T2 Systems Parking Meter Device Company Information
7.3.2 T2 Systems Parking Meter Device Product Portfolio
7.3.3 T2 Systems Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.3.4 T2 Systems Main Business and Markets Served
7.3.5 T2 Systems Recent Developments/Updates
7.4 Hectronic
7.4.1 Hectronic Parking Meter Device Company Information
7.4.2 Hectronic Parking Meter Device Product Portfolio
7.4.3 Hectronic Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Hectronic Main Business and Markets Served
7.4.5 Hectronic Recent Developments/Updates
7.5 MacKay Meters
7.5.1 MacKay Meters Parking Meter Device Company Information
7.5.2 MacKay Meters Parking Meter Device Product Portfolio
7.5.3 MacKay Meters Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.5.4 MacKay Meters Main Business and Markets Served
7.5.5 MacKay Meters Recent Developments/Updates
7.6 METRIC Group
7.6.1 METRIC Group Parking Meter Device Company Information
7.6.2 METRIC Group Parking Meter Device Product Portfolio
7.6.3 METRIC Group Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.6.4 METRIC Group Main Business and Markets Served
7.6.5 METRIC Group Recent Developments/Updates
7.7 IPS Group
7.7.1 IPS Group Parking Meter Device Company Information
7.7.2 IPS Group Parking Meter Device Product Portfolio
7.7.3 IPS Group Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.7.4 IPS Group Main Business and Markets Served
7.7.5 IPS Group Recent Developments/Updates
7.8 Viatron
7.8.1 Viatron Parking Meter Device Company Information
7.8.2 Viatron Parking Meter Device Product Portfolio
7.8.3 Viatron Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Viatron Main Business and Markets Served
7.8.5 Viatron Recent Developments/Updates
7.9 IEM
7.9.1 IEM Parking Meter Device Company Information
7.9.2 IEM Parking Meter Device Product Portfolio
7.9.3 IEM Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.9.4 IEM Main Business and Markets Served
7.9.5 IEM Recent Developments/Updates
7.10 Ventek International
7.10.1 Ventek International Parking Meter Device Company Information
7.10.2 Ventek International Parking Meter Device Product Portfolio
7.10.3 Ventek International Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Ventek International Main Business and Markets Served
7.10.5 Ventek International Recent Developments/Updates
7.11 CivicSmart
7.11.1 CivicSmart Parking Meter Device Company Information
7.11.2 CivicSmart Parking Meter Device Product Portfolio
7.11.3 CivicSmart Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.11.4 CivicSmart Main Business and Markets Served
7.11.5 CivicSmart Recent Developments/Updates
7.12 Parking BOXX
7.12.1 Parking BOXX Parking Meter Device Company Information
7.12.2 Parking BOXX Parking Meter Device Product Portfolio
7.12.3 Parking BOXX Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Parking BOXX Main Business and Markets Served
7.12.5 Parking BOXX Recent Developments/Updates
7.13 LocoMobi
7.13.1 LocoMobi Parking Meter Device Company Information
7.13.2 LocoMobi Parking Meter Device Product Portfolio
7.13.3 LocoMobi Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.13.4 LocoMobi Main Business and Markets Served
7.13.5 LocoMobi Recent Developments/Updates
7.14 Horoad Electronic
7.14.1 Horoad Electronic Parking Meter Device Company Information
7.14.2 Horoad Electronic Parking Meter Device Product Portfolio
7.14.3 Horoad Electronic Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Horoad Electronic Main Business and Markets Served
7.14.5 Horoad Electronic Recent Developments/Updates
7.15 Kinouwell Tech
7.15.1 Kinouwell Tech Parking Meter Device Company Information
7.15.2 Kinouwell Tech Parking Meter Device Product Portfolio
7.15.3 Kinouwell Tech Parking Meter Device Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Kinouwell Tech Main Business and Markets Served
7.15.5 Kinouwell Tech Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Parking Meter Device Industry Chain Analysis
8.2 Parking Meter Device Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Parking Meter Device Production Mode & Process Analysis
8.4 Parking Meter Device Sales and Marketing
8.4.1 Parking Meter Device Sales Channels
8.4.2 Parking Meter Device Distributors
8.5 Parking Meter Device Customer Analysis
9 Parking Meter Device Market Dynamics
9.1 Parking Meter Device Industry Trends
9.2 Parking Meter Device Market Drivers
9.3 Parking Meter Device Market Challenges
9.4 Parking Meter Device Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Flowbird
POM
T2 Systems
Hectronic
MacKay Meters
METRIC Group
IPS Group
Viatron
IEM
Ventek International
CivicSmart
Parking BOXX
LocoMobi
Horoad Electronic
Kinouwell Tech
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*If Applicable.
