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Parking Meter Equipment-Global Market Insights and Sales Trends 2025
Synopsis
Parking meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters can be used as a tool for enforcing the street parking policy by municipalities. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies’ parking management solutions. Public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand which is major driver for parking meter market. Traffic congestion caused by vehicles is an alarming problem both in developed as well as developing countries.
The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc.
Across the world, the major players cover Flowbird, POM, Hectronic, etc.
The global Parking Meter Equipment market size is expected to reach US$ 4732.9 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Parking Meter Equipment in various end use industries. The expanding demands from the Government Institutions, Hospitals, Parks and Transit Systems, are propelling Parking Meter Equipment market. Parking Meter (Single Space), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Parking Kiosks (Multi Space) segment is estimated at % CAGR for the next seven-year period.
The key sales markets locate in North America, Europe and Asia-Pacific. North America takes the sales volume market share of 36%, followed by Europe with 31% and Asia-Pacific with 21%.
Flowbird, POM and T2 Systems are the top 3 players of Parking Meter Device, with about 8% market shares.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Parking Meter Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Parking Meter Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Parking Meter Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Parking Meter Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Parking Meter Equipment covered in this report include FLOWBIRD, POM Inc., Hectronic, Kinouwell Tech, IEM, METRIC Group Ltd, J.J. MacKay Canada Limited, IPS Group, Inc. and Shenzhen Horoad Electronic Technology, etc.
The global Parking Meter Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FLOWBIRD
POM Inc.
Hectronic
Kinouwell Tech
IEM
METRIC Group Ltd
J.J. MacKay Canada Limited
IPS Group, Inc.
Shenzhen Horoad Electronic Technology
Ventek International
Parking BOXX
CivicSmart, Inc.
LocoMobi Inc
Global Parking Meter Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Parking Meter Equipment market, Segment by Type:
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Global Parking Meter Equipment market, by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Parking Meter Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Parking Meter Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Parking meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters can be used as a tool for enforcing the street parking policy by municipalities. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies’ parking management solutions. Public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand which is major driver for parking meter market. Traffic congestion caused by vehicles is an alarming problem both in developed as well as developing countries.
The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc.
Across the world, the major players cover Flowbird, POM, Hectronic, etc.
The global Parking Meter Equipment market size is expected to reach US$ 4732.9 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Parking Meter Equipment in various end use industries. The expanding demands from the Government Institutions, Hospitals, Parks and Transit Systems, are propelling Parking Meter Equipment market. Parking Meter (Single Space), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Parking Kiosks (Multi Space) segment is estimated at % CAGR for the next seven-year period.
The key sales markets locate in North America, Europe and Asia-Pacific. North America takes the sales volume market share of 36%, followed by Europe with 31% and Asia-Pacific with 21%.
Flowbird, POM and T2 Systems are the top 3 players of Parking Meter Device, with about 8% market shares.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Parking Meter Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Parking Meter Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Parking Meter Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Parking Meter Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Parking Meter Equipment covered in this report include FLOWBIRD, POM Inc., Hectronic, Kinouwell Tech, IEM, METRIC Group Ltd, J.J. MacKay Canada Limited, IPS Group, Inc. and Shenzhen Horoad Electronic Technology, etc.
The global Parking Meter Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FLOWBIRD
POM Inc.
Hectronic
Kinouwell Tech
IEM
METRIC Group Ltd
J.J. MacKay Canada Limited
IPS Group, Inc.
Shenzhen Horoad Electronic Technology
Ventek International
Parking BOXX
CivicSmart, Inc.
LocoMobi Inc
Global Parking Meter Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Parking Meter Equipment market, Segment by Type:
Parking Meter (Single Space)
Parking Kiosks (Multi Space)
Global Parking Meter Equipment market, by Application
Government Institutions
Hospitals
Parks
Transit Systems
Malls & Stadiums
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Parking Meter Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Parking Meter Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Parking Meter Equipment Market Overview
1.1 Parking Meter Equipment Product Overview
1.2 Parking Meter Equipment Market Segment by Type
1.2.1 Parking Meter (Single Space)
1.2.2 Parking Kiosks (Multi Space)
1.3 Global Parking Meter Equipment Market Size by Type
1.3.1 Global Parking Meter Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Parking Meter Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Parking Meter Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Parking Meter Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Parking Meter Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Parking Meter Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Parking Meter Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Parking Meter Equipment Sales Breakdown by Type (2018-2023)
2 Global Parking Meter Equipment Market Competition by Company
2.1 Global Top Players by Parking Meter Equipment Sales (2018-2023)
2.2 Global Top Players by Parking Meter Equipment Revenue (2018-2023)
2.3 Global Top Players by Parking Meter Equipment Price (2018-2023)
2.4 Global Top Manufacturers Parking Meter Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Parking Meter Equipment Market Competitive Situation and Trends
2.5.1 Parking Meter Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Parking Meter Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Parking Meter Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Parking Meter Equipment Market
2.8 Key Manufacturers Parking Meter Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Parking Meter Equipment Status and Outlook by Region
3.1 Global Parking Meter Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Parking Meter Equipment Historic Market Size by Region
3.2.1 Global Parking Meter Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Parking Meter Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Parking Meter Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Parking Meter Equipment Forecasted Market Size by Region
3.3.1 Global Parking Meter Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Parking Meter Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Parking Meter Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Parking Meter Equipment by Application
4.1 Parking Meter Equipment Market Segment by Application
4.1.1 Government Institutions
4.1.2 Hospitals
4.1.3 Parks
4.1.4 Transit Systems
4.1.5 Malls & Stadiums
4.1.6 Other
4.2 Global Parking Meter Equipment Market Size by Application
4.2.1 Global Parking Meter Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Parking Meter Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Parking Meter Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Parking Meter Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Parking Meter Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Parking Meter Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Parking Meter Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Parking Meter Equipment Sales Breakdown by Application (2018-2023)
5 North America Parking Meter Equipment by Country
5.1 North America Parking Meter Equipment Historic Market Size by Country
5.1.1 North America Parking Meter Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Parking Meter Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Parking Meter Equipment Sales in Value by Country (2018-2023)
5.2 North America Parking Meter Equipment Forecasted Market Size by Country
5.2.1 North America Parking Meter Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Parking Meter Equipment Sales in Value by Country (2024-2029)
6 Europe Parking Meter Equipment by Country
6.1 Europe Parking Meter Equipment Historic Market Size by Country
6.1.1 Europe Parking Meter Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Parking Meter Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Parking Meter Equipment Sales in Value by Country (2018-2023)
6.2 Europe Parking Meter Equipment Forecasted Market Size by Country
6.2.1 Europe Parking Meter Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Parking Meter Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Parking Meter Equipment by Region
7.1 Asia-Pacific Parking Meter Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Parking Meter Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Parking Meter Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Parking Meter Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Parking Meter Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Parking Meter Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Parking Meter Equipment Sales in Value by Region (2024-2029)
8 Latin America Parking Meter Equipment by Country
8.1 Latin America Parking Meter Equipment Historic Market Size by Country
8.1.1 Latin America Parking Meter Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Parking Meter Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Parking Meter Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Parking Meter Equipment Forecasted Market Size by Country
8.2.1 Latin America Parking Meter Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Parking Meter Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Parking Meter Equipment by Country
9.1 Middle East and Africa Parking Meter Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Parking Meter Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Parking Meter Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Parking Meter Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Parking Meter Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Parking Meter Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Parking Meter Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 FLOWBIRD
10.1.1 FLOWBIRD Company Information
10.1.2 FLOWBIRD Introduction and Business Overview
10.1.3 FLOWBIRD Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 FLOWBIRD Parking Meter Equipment Products Offered
10.1.5 FLOWBIRD Recent Development
10.2 POM Inc.
10.2.1 POM Inc. Company Information
10.2.2 POM Inc. Introduction and Business Overview
10.2.3 POM Inc. Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 POM Inc. Parking Meter Equipment Products Offered
10.2.5 POM Inc. Recent Development
10.3 Hectronic
10.3.1 Hectronic Company Information
10.3.2 Hectronic Introduction and Business Overview
10.3.3 Hectronic Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hectronic Parking Meter Equipment Products Offered
10.3.5 Hectronic Recent Development
10.4 Kinouwell Tech
10.4.1 Kinouwell Tech Company Information
10.4.2 Kinouwell Tech Introduction and Business Overview
10.4.3 Kinouwell Tech Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Kinouwell Tech Parking Meter Equipment Products Offered
10.4.5 Kinouwell Tech Recent Development
10.5 IEM
10.5.1 IEM Company Information
10.5.2 IEM Introduction and Business Overview
10.5.3 IEM Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 IEM Parking Meter Equipment Products Offered
10.5.5 IEM Recent Development
10.6 METRIC Group Ltd
10.6.1 METRIC Group Ltd Company Information
10.6.2 METRIC Group Ltd Introduction and Business Overview
10.6.3 METRIC Group Ltd Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 METRIC Group Ltd Parking Meter Equipment Products Offered
10.6.5 METRIC Group Ltd Recent Development
10.7 J.J. MacKay Canada Limited
10.7.1 J.J. MacKay Canada Limited Company Information
10.7.2 J.J. MacKay Canada Limited Introduction and Business Overview
10.7.3 J.J. MacKay Canada Limited Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 J.J. MacKay Canada Limited Parking Meter Equipment Products Offered
10.7.5 J.J. MacKay Canada Limited Recent Development
10.8 IPS Group, Inc.
10.8.1 IPS Group, Inc. Company Information
10.8.2 IPS Group, Inc. Introduction and Business Overview
10.8.3 IPS Group, Inc. Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 IPS Group, Inc. Parking Meter Equipment Products Offered
10.8.5 IPS Group, Inc. Recent Development
10.9 Shenzhen Horoad Electronic Technology
10.9.1 Shenzhen Horoad Electronic Technology Company Information
10.9.2 Shenzhen Horoad Electronic Technology Introduction and Business Overview
10.9.3 Shenzhen Horoad Electronic Technology Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shenzhen Horoad Electronic Technology Parking Meter Equipment Products Offered
10.9.5 Shenzhen Horoad Electronic Technology Recent Development
10.10 Ventek International
10.10.1 Ventek International Company Information
10.10.2 Ventek International Introduction and Business Overview
10.10.3 Ventek International Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Ventek International Parking Meter Equipment Products Offered
10.10.5 Ventek International Recent Development
10.11 Parking BOXX
10.11.1 Parking BOXX Company Information
10.11.2 Parking BOXX Introduction and Business Overview
10.11.3 Parking BOXX Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Parking BOXX Parking Meter Equipment Products Offered
10.11.5 Parking BOXX Recent Development
10.12 CivicSmart, Inc.
10.12.1 CivicSmart, Inc. Company Information
10.12.2 CivicSmart, Inc. Introduction and Business Overview
10.12.3 CivicSmart, Inc. Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.12.4 CivicSmart, Inc. Parking Meter Equipment Products Offered
10.12.5 CivicSmart, Inc. Recent Development
10.13 LocoMobi Inc
10.13.1 LocoMobi Inc Company Information
10.13.2 LocoMobi Inc Introduction and Business Overview
10.13.3 LocoMobi Inc Parking Meter Equipment Sales, Revenue and Gross Margin (2018-2023)
10.13.4 LocoMobi Inc Parking Meter Equipment Products Offered
10.13.5 LocoMobi Inc Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Parking Meter Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Parking Meter Equipment Industrial Chain Analysis
11.4 Parking Meter Equipment Market Dynamics
11.4.1 Parking Meter Equipment Industry Trends
11.4.2 Parking Meter Equipment Market Drivers
11.4.3 Parking Meter Equipment Market Challenges
11.4.4 Parking Meter Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Parking Meter Equipment Distributors
12.3 Parking Meter Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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