Parking Meter Device Market Size Soaring at 6.26% CAGR by 2028

Parking Meter Device Market Size Soaring at 6.26% CAGR by 2028

Market Study Report presents latest report on global Parking Meter Device Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2022-2028.

Global Parking Meter Device Market Size was estimated at USD 936.02684 million in 2022 and is projected to reach USD 1491.97 million by 2028, exhibiting a CAGR of 8.08% during the forecast period.

Global Parking Meter Device Market Overview:

Global Parking Meter Device Market Report 2022 comes with the extensive industry analysis development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of Parking Meter Device involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

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Scope of the Parking Meter Device Market

The Parking Meter Device Market Research report incorporate value chain analysis for each of the product type. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Parking Meter Device Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major key player analysis with shares of each player inside market, growth rate and market attractiveness in different endusers/regions. Our study Parking Meter Device Market helps user to make precise decision in order to expand their market presence and increase market share.

Impact of COVID-19 on Parking Meter Device Market

Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Parking Meter Device market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Competitive Landscape:

Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market. The Parking Meter Device market study focused on including all the primary level, secondary level and tertiary level competitors in the report. The data generated by conducting the primary and secondary research. The report covers detail analysis of driver, constraints and scope for new players entering the Parking Meter Device market.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, CivicSmart, Parking BOXX, LocoMobi, Horoad Electronic and Kinouwell Tech.

Global Parking Meter Device Market Segmentation

Global Parking Meter Device Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis mentioned as below:

By Type, Parking Meter Device Market Has Been Segmented Into:

Parking Meter (Single Space)

Parking Kiosks (Multi Space)

By Application, Parking Meter Device Market Has Been Segmented Into:

Government Institutions



Transit Systems

Malls & Stadiums


Regional Analysis:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Objective to buy this Report:

Parking Meter Device analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.

Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.

In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.

The report starts with Parking Meter Device market statistics and moves to important points, with dependent markets categorized by market trend by application.

Applications of market may also be assessed based on their performances.

Other market attributes, such as future aspects, limitations and growth for all departments.

Questions And Answers: Global Parking Meter Device Market

Q1. How much CAGR is the Parking Meter Device market projected to record over the forecast spell?

Answer: Expected CAGR that Parking Meter Device market is estimated to register is 8.08% over 2022-2028.

Q2. What was the remuneration of the Parking Meter Device market in the year 2022?

Answer: The overall Parking Meter Device market acquired a revenue share of USD 936.02 million in 2022.

Q3. How much is the Parking Meter Device market expected to be worth by the end of the year 2028?

Answer: Parking Meter Device market is likely to surpass a mammoth of USD 1491.97 million by the end of 2028.

Q4. Which Are the Key Players in Global Parking Meter Device Market?

Answer: Flowbird, POM, T2 Systems, Hectronic, MacKay Meters, METRIC Group, IPS Group, Viatron, IEM, Ventek International, CivicSmart, Parking BOXX, LocoMobi, among others are the leading players in worldwide Parking Meter Device Market.

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