Parking Management Global Market Report 2023

Description

“Parking Management Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on parking management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for parking management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The parking management market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Solution: Access Control; Security & Surveillance; Revenue Management; Parking Reservation Management; Valet Parking Management; Other Solutions

2) By Parking Site: On Street; Off Street

3) By Application: Transport Transit; Commercial; Government

Companies Mentioned: Amano Corporation; FlashParking; Inrix Inc; ParkMobile LLC; Passport Labs Inc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the parking management market are: Amano corporation, FlashParking, Inrix Inc., ParkMobile LLC, Passport Labs Inc., Q-Free ASA, Siemens AG, Streetline Inc., T2 Systems Inc., Tiba Parking LLC, IBM Corporation, APCOA Parking Ltd., Robert Bosch GmbH, IPS Group Inc., Smart Parking Ltd., SKIDATA AG, and Cleverciti Systems GmbH.

The global parking management market grew from $3.31 billion in 2022 to $3.64 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The parking management market is expected to grow to $5.24 billion in 2027 at a CAGR of 9.5%.

The parking management market includes revenues earned by entities by providing services to users of parking facilities and enhancing parking facility design. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Parking management refers to solution and service systems focused on managing and using parking sources effectively and efficiently, providing simple parking tactics to the authorities to meet the requirements of controlled parking, and aiding in the reduction of long-waiting times and costs through advanced technologies.

North America was the largest region in the parking management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parking management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main type of parking sites in parking management is on-street and off-street. On-street parking management refers to a parking management solution for an on-street parking site focused on the parking spaces within a designated area on the street. The main parking management solutions include access control, security management, revenue management, parking reservation management, valet parking management, and others. These parking management solutions are widely used by transport transit, commercial, and government entities.

The increasing demand for optimal parking space utilization across the globe is driving the growth of the parking management market. In the current era, an increase in vehicles results in the mismanagement of parking spaces across the globe. The authorities operating parking spaces are increasingly investing in advanced parking management solutions for optimal business performance and error-free operations. For instance, in August 2022, Parking Network, a Netherlands-based statistical company, stated that, in large centers and non-residential regions, between 50 and 70% of the land is set aside for parking, compared to an average of 35% in residential areas across the globe, whereas there are 8 parking places available for every vehicle in the US. Therefore, the growing demand for optimum utilization of parking spaces is expected to boost demand for parking management systems during the forecast period.

The growing automation of services is a key trend that is gaining popularity in the parking management market. Automated services help to solve parking-space conundrums while reducing the land use for parking and maximizing space usage efficiency without a human intervention system navigating the parking space and parking the vehicle. For instance, In June 2020, TATA ELXSI, an Indian-based provider of design and technology services across automotive, broadcast, communications, healthcare, and transportation developed two smart auto-parking solutions named Park By Memory and Parking Slot Detection, which help drivers save time and make hassle-free parking with the help of machine learning, automation, and data collection.

In November 2021, Verra Mobility Corporation, a US-based smart mobility company, acquired T2 Systems, Inc., for $21 million. This acquisition rounds out Verra's urban transportation technology portfolio, allowing us to maintain revenue growth while expanding our client base and providing streamlined transportation solutions to improve the customer experience and service reach to North America. T2 Systems, Inc., is a US-based parking management solution provider that pioneers in parking, mobility, and transportation systems in North America.

The countries covered in the parking management market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The parking management market research report is one of a series of new reports from The Business Research Company that provides parking management market statistics, including parking management industry global market size, regional shares, competitors with a parking management market share, detailed parking management market segments, market trends and opportunities, and any further data you may need to thrive in the parking management industry. This parking management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r4593

1. Executive Summary

2. Parking Management Market Characteristics

3. Parking Management Market Trends And Strategies

4. Parking Management Market - Macro Economic Scenario

4.1 COVID-19 Impact On Parking Management Market
4.2 Ukraine-Russia War Impact On Parking Management Market
4.3 Impact Of High Inflation On Parking Management Market

5. Parking Management Market Size And Growth

5.1. Global Parking Management Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Parking Management Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Parking Management Market Segmentation

6.1. Global Parking Management Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Access Control
Security & Surveillance
Revenue Management
Parking Reservation Management
Valet Parking Management
Other Solutions
6.2. Global Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
On Street
Off Street
6.3. Global Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Transport Transit
Commercial
Government

7. Parking Management Market Regional And Country Analysis

7.1. Global Parking Management Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Parking Management Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Parking Management Market

8.1. Asia-Pacific Parking Management Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Parking Management Market

9.1. China Parking Management Market Overview
9.2. China Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Parking Management Market

10.1. India Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Parking Management Market

11.1. Japan Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Parking Management Market

12.1. Australia Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Parking Management Market

13.1. Indonesia Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Parking Management Market

14.1. South Korea Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Parking Management Market

15.1. Western Europe Parking Management Market Overview
15.2. Western Europe Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Parking Management Market

16.1. UK Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Parking Management Market

17.1. Germany Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Parking Management Market

18.1. France Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Parking Management Market

19.1. Eastern Europe Parking Management Market Overview
19.2. Eastern Europe Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Parking Management Market

20.1. Russia Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Parking Management Market

21.1. North America Parking Management Market Overview
21.2. North America Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Parking Management Market

22.1. USA Parking Management Market Overview
22.2. USA Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Parking Management Market

23.1. South America Parking Management Market Overview
23.2. South America Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Parking Management Market

24.1. Brazil Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Parking Management Market

25.1. Middle East Parking Management Market Overview
25.2. Middle East Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Parking Management Market

26.1. Africa Parking Management Market Overview
26.2. Africa Parking Management Market, Segmentation By Solution Outlook, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Parking Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Parking Management Market Competitive Landscape And Company Profiles

27.1. Parking Management Market Competitive Landscape
27.2. Parking Management Market Company Profiles
- 27.2.1. Amano corporation
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. FlashParking
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Inrix Inc
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. ParkMobile LLC
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Passport Labs Inc
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Parking Management Market

29. Parking Management Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer