Parking Management Market Expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017


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The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017.


 Parking Management Market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017.

 

As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further, the effective implementation of the strategy results in the reduced number of parking space required by the facility based on the strategy adopted thereby providing long-term economic, social, and environmental benefits to the end-user. The parking management market is expected to witness a CAGR growth rate of 4.8% from 2019 to 2027.

 

The parking management market is a highly fragmented market with the presence of a significant number of players in each country coupled with multiple players with small and regional presence. The commonly available parking solutions in parking management market are access control, ANPR, parking security & surveillance, parking reservation and valet parking, and fee enforcement among other parking management solutions

 

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Among on-street parking especially in metro cities has attributed in a considerable collection of revenue generated through parking violation and parking fees which is effectively utilized for providing essential utilities to the public. Factors such as increasing rate of infrastructure development coupled with the growing purchasing power of the individuals have significantly increased the demand for improving the vehicle mobility at major popular commercial hubs in developed as well as developing countries.

Geographically, the parking management market is majorly dominated by developed regions such as Europe and North America owing to a high number of registered vehicle per household capita and the amount of regulated parking space currently available in the areas. Moreover, the growing emphasis towards facilitating seamless mobility among densely populated cities has further boosted the demand for efficient parking management in the developed regions.

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Companies Mentioned:

1. Flowbird Group
2. Indigo Parking Service
3. ParkMobile
4. Passport Inc.
5. Siemens AG
6. Smart Parking Ltd.
7. Streetline
8. Swarco
9. T2 Systems
10. Tiba Parking

 Table of Contents:

1. INTRODUCTION 17

2. KEY TAKEAWAYS 18

3. PARKING MANAGEMENT MARKET LANDSCAPE 20

4. PARKING MANAGEMENT MARKET - KEY INDUSTRY DYNAMICS 34

5. PARKING MANAGEMENT - GLOBAL MARKET ANALYSIS 38

6. PARKING MANAGEMENT MARKET REVENUE AND FORECASTS TO 2027 - PARKING SITE 41

7. PARKING MANAGEMENT MARKET REVENUE AND FORECASTS TO 2027 - SOLUTIONS 44

8. PARKING MANAGEMENT MARKET REVENUE AND FORECASTS TO 2027 - SERVICES 50

9. PARKING MANAGEMENT MARKET REVENUE AND FORECASTS TO 2027 - DEPLOYMENT TYPE 53

10. GLOBAL PARKING MANAGEMENT MARKET - GEOGRAPHICAL ANALYSIS 56

11. INDUSTRY LANDSCAPE 107

12. COMPETITIVE LANDSCAPE 111

13. PARKING MANAGEMENT MARKET, KEY COPANY PROFILES 113

14. APPENDIX 146

 

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Name: Sameer Joshi
Email: sales@premiummarketinsights.com
Organization: Premium Market Insights
Phone: +1-646-491-9876

 

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