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The Parking Meter Market addresses the pressing challenges associated with vehicular congestion and effective parking management. This market revolves around the production, deployment, and maintenance of parking meters, devices designed to regulate and monitor the parking of vehicles in public spaces. The significance of the Parking Meter Market lies in its ability to streamline traffic flow, optimize parking spaces, and generate revenue for municipalities. As urban areas continue to expand and the number of vehicl
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TABLE OF CONTENT • MARKET INTRODUCTION • RESEARCH METHODOLOGY • MARKET OVERVIEW • TYPES OVERVIEW • APPLICATION OVERVIEW • COMPANY PROFILE • MARKET SIZE & FORECAST
Market Values Global Parking Meter market is estimated to reach $ 1,783.6 Million by 2030; growing at a CAGR of 6.8% from 2023 to 2030.
MARKET OVERVIEW The Parking Meter Market addresses the pressing challenges associated with vehicular congestion and effective parking management. This market revolves around the production, deployment, and maintenance of parking meters, devices designed to regulate and monitor the parking of vehicles in public spaces. The significance of the Parking Meter Market lies in its ability to streamline traffic flow, optimize parking spaces, and generate revenue for municipalities. As urban areas continue to expand and the number of vehicles on the road rises, the demand for efficient parking solutions becomes increasingly paramount. Parking meters, as key components of this market, serve as instruments of order, discouraging prolonged parking and encouraging a more equitable distribution of available spaces. Importantly, the market's role extends beyond mere convenience; it directly addresses environmental concerns by reducing unnecessary vehicle idling time, contributing to improved air quality. The significance of the Parking Meter Market is underscored by its role in fostering sustainable urban development and creating a more livable environment for residents.
PARKING METER MARKET KEY SEGMENTS: • By Parking Mode • Pay-by-Plate • Pay and Display • Pay-by-Space • Others • By Technology • Parking Meter (Single Space) • Parking Kiosks (Multi Space) • By Application • On-Street • Malls • Railway Station • Hospitals • Stadiums • Others
KEY GLOBAL PARKING METER INDUSTRY PLAYERS • CivicSmart, Inc. • Duncan Parking • Flowbird Group • Hectronic GmbH • IPS Group, Inc. • J. MacKay Canada Limited (MacKay Meters) • LocoMobi Inc. • METRIC Group Ltd. • Parking BOXX Inc. • POM Inc. • SKIDATA AG • T2 Systems • Ventek International • WPS Parking Solutions • PRECISE PARKLINK INC.
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