Smart Parking Meter Market: Getting Back To Growth

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?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

Smart Parking Meter Market Update - 3 Reasons 2021 Could Be The Year Of Great Turnaround

Stay up-to-date and exploit latest trends of Smart Parking Meter Market with latest edition released by AMA.

The "Smart Parking Meter Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study.

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.

What's Trending in Market:

·        Emphasizing On Development of Advanced Parking Solutions

·        Emergence of Sensor Technology in the Smart Parking Meter

·         

Challenges:

·        Lack of Suitable Infrastructure in the Low and Middle Income Group Countries

Restraints:

·        Stringent Government Regulations Regarding Automobile Industry

·        Errors in the Detection of Exact Number of Vehicles

·         

Market Growth Drivers:

·        Increasing Demand of Smart Parking Meter to Manage Heavy Traffic

·        Growing Urbanization and Motorization

·         

Global Smart Parking Meter Market Development Scenario by Players
Ø Financials Information, Business Overview and Product Specification Matrix
Ø Patent Analysis Briefing* [if applicable]
Ø No. of Patents Issuance by Year / by Players / By Issuing Office
Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures

Smart Parking Meter Market Competition

Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Smart Parking Meter Market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the curve.

Important Features that are under offering & key highlights of the report :

1) Is it possible to add more list of company and customize study as per our need?
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.

2) Can we narrow the available business segments?
Yes, depending upon the data availability and feasibility check by our Research Analyst, further breakdown in business segments by end use application or product type can be provided (If applicable) by Revenue Size or Volume*.

3) Can specific country of interest be added? What all regional slits covered with covid impact analysis?
Yes, Country level splits can be modified in the study as per objectives. Currently, research report gives special attention and focus on following regions with covid outbreak and impact analysis:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote will vary.

The Global Smart Parking Meter 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)

With the multiple advantages of technology, cost and service, many major developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Smart Parking Meter industry. It is understood that currently domestic players has been massively used by operators in China.

***Sub Regions Included: North America [United States, Canada, Mexico], Asia-Pacific [China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam], Europe [Germany, France, UK, Italy, Russia, Rest of Europe], South America [Brazil, Argentina, Rest of South America], Middle East & Africa [GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa]

*** Unless until specified in Original TOC of Global Smart Parking Meter Market Study
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Research Objectives
• To analyse and forecast the Global Smart Parking Meter market, in terms of value and volume.
• Which segment has the potential to gain the highest market share?
• To help decision maker from new offer perspective and benchmark existing marketing strategy.
• Correlate cost structure historical data with key business segments.
• Analyse marketing contribution and customer acquisition by up-selling and cross selling.
• Identifying Influencing factors keeping Global Smart Parking Meter Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio & HHI Index.

AMA also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.