A Latest intelligence report published by AMA Research with title "Global Smart Parking Meter Market Outlook to 2026. A detailed study accumulated to offer Latest insights about acute features of the Smart Parking Meter market. This report provides a detailed overview of key factors in the Global Smart Parking Meter Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Definition:
The smart parking meter is an electronic device that records
the total time purchased for the parking of the vehicle. Rising need for
managing heavy traffic flow and increasing government initiative towards a
smart parking system driving the demand for smart parking meters. For instance,
Madison city’s parking division installed over 650 smart parking meters in
the Madison for efficient management of the parking system. Further,
technological advancement such as the emergence of IoT in the smart parking
systems and increasing demand from the developing economies expected to drive
the demand for smart parking meters over the forecasted period.
Global Smart Parking Meter the
manufacturing cost structure analysis of the market is based on the core chain
structure, engineering process, raw materials and suppliers. The manufacturing
plant has been developed for market needs and new technology development. In
addition, Global Smart Parking Meter Market attractiveness
according to country, end-user, and other measures is also provided, permitting
the reader to gauge the most useful or commercial areas for investments. The
study also provides special chapter designed (qualitative) to highlights issues
faced by industry players in their production cycle and supply chain. However
overall estimates and sizing, various tables and graphs presented in the study
gives and impression how big is the impact of COVID.
The Global Smart Parking Meter Market
segments and Market Data Break Down are illuminated below:
by Type (Single Space Meters, Multi-Space
Meters), Application (Government Institutions, Medical Institutions, Malls
& Stadiums, Transit Systems, Residential, Others), Parking Mode (Pay &
Display, Plate, Space, Others)
Market Drivers
Increasing
Demand of Smart Parking Meter to Manage Heavy Traffic
Growing
Urbanization and Motorization
Market Trend
Emphasizing On Development of Advanced Parking
Solutions
Emergence
of Sensor Technology in the Smart Parking Meter
Restraints
Stringent Government Regulations Regarding
Automobile Industry
Errors in
the Detection of Exact Number of Vehicles
Challenges
Lack of Suitable Infrastructure in the Low and
Middle Income Group Countries
Geographically World Global Smart Parking Meter markets can
be classified as North America, Europe, Asia Pacific (APAC), Middle East and
Africa and Latin America. North America has gained a leading position in the
global market and is expected to remain in place for years to come. The growing
demand for Global Smart
Parking Meter markets will
drive growth in the North American market over the next few years.
In the last section of the report, the companies
responsible for increasing the sales in the Global
Smart
Parking Meter Market have been presented. These companies have been analyzed
in terms of their manufacturing base, basic information, and competitors. In
addition, the application and product type introduced by each of these
companies also form a key part of this section of the report. The recent
enhancements that took place in the global market and their influence on the
future growth of the market have also been presented through this study.
Report
Highlights:
·
Comprehensive overview of parent
market & substitute market
·
Changing market dynamics in
the industry (COVID & Economic Impact Analysis)
·
In-depth market segmentation
(Trends, Growth with Historical & Forecast Analysis)
·
Recent industry trends and
development activity
·
Competitive landscape (Heat
Map Analysis for Emerging Players & Market Share Analysis for Major Players
along with detailed Profiles)
Strategic Points Covered in Table of
Content of Global Smart Parking Meter Market:
Chapter 1: Introduction, market
driving force product Objective of Study and Research Scope the Smart Parking Meter market
Chapter 2: Exclusive Summary – the
basic information of the Smart Parking Meter Market.
Chapter 3: Changing Impact on Market
Dynamics- Drivers, Trends and Challenges & Opportunities of the Smart Parking Meter; Post COVID Analysis
Chapter 4: Presenting the Smart Parking Meter Market Factor Analysis, Post COVID Impact Analysis, Porters
Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy,
Patent/Trademark Analysis.
Chapter 5: Displaying the by Type,
End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading
manufacturers of the Smart Parking Meter market which consists of
its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company
Profile
Chapter 7: To evaluate the market by
segments, by countries and by Manufacturers/Company with revenue share and
sales by key countries in these various regions (2021-2026)
…………….
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Key questions answered
·
Who are
the Leading key players and what are their Key Business plans in the Global Smart Parking Meter market?
·
What
are the key concerns of the five forces analysis of the Global Smart Parking Meter market?
·
What
are different prospects and threats faced by the dealers in the Global Smart Parking Meter market?
·
What
possible measures players are taking to overcome and stabilize the situation?
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