Demand for smart meters projected to propel the growth of the automotive parking meter market

The latest Fact.MR report on Vehicle Parking Meters Market provides a 360 degree view of this market. It provides believable data on drivers, restraints, challenges, and opportunities in the Vehicle Parking Meters market market.

The report gives a clear idea of ​​the demand and consumption of various products/services related to the growth dynamics of the Keywords market during the forecast period 2018 to 2028.

It provides data on the Vehicle Parking Meters market through various sections such as competitive landscape, opportunity assessment, regional segmentation, and application/end-use analysis.

Vehicle Parking Meter Market: Introduction

Vehicle parking meters are devices used to maintain parking availability in public, private and commercial spaces. Vehicle parking meters collect cash and in return provide specific places for vehicles for a limited time. Vehicle parking meters have a variety of payment options, such as pay by phone, pay by card, or pay in cash.

The purpose of installing vehicle parking meters is to regulate parking spaces in a way that avoids traffic congestion and improves traffic circulation. The meter can be installed in a single room or multiple rooms depending on the needs of the end-use application.

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The data presented in the report on the global Vehicle Parking Meters market will benefit important stakeholders such as industry players, investors, and policy makers. This data is helping to determine next strategies to address the impact of the recent COVID-19 pandemic and continues to gain notable returns in the Vehicle Parking Meters Market market. Thus, this report is helpful for new entrants and established companies looking to become prominent organizations in the post-COVID period.

Vehicle Parking Meter Market: Market Dynamics

Non-residential segments such as shopping malls, hospitals, restaurants, etc. hold a prominent market share in the vehicle parking meter market. Easier payments are driving the demand for smart meters, which is expected to propel the growth of the vehicle parking meter market.

Additionally, in some countries, parking service providers are developing new solutions to reduce parking congestion and free up parking spaces. This factor is expected to create significant growth opportunities for the vehicle parking meter market.

Vehicle parking meters are also in demand in government spaces for security purposes, which is another factor accelerating the growth of vehicle parking meters market during the evaluation period.

Through this report, readers gain insight and assessment of the following aspects:

Up-to-date guidance in critical sectors affecting overall demand for Vehicle Parking Meters market
Detailed profiling of the various companies operating in this market
Critical trends highlighting high investments by top shareholders in different countries
Changing consumer preferences and the latest in key industries Trends
Latest Opportunities for Investment in Different Technologies and Product/Service Types
Different Demand and Consumption in Different Product Sectors The
insights and estimates provided in this report are the result of consistent research by Fact.MR analysts. The unique approach and effective guidance provided in this report will help the stakeholders in understanding the growth dynamics of the Vehicle Parking Meters market.

Vehicle Parking Meter Market: Regional Outlook

Among all regions, North America is expected to dominate the vehicle parking meter market owing to the high installation rates of smart vehicle parking systems in the United States and Canada. This factor is combined with governments starting to control parking congestion. These factors are estimated to increase the demand for the vehicle parking meter market during the forecast period.

Europe holds a prominent share of the vehicle parking meter market, especially in EU countries, as concerns about parking issues increase. The growing fleet of automobiles in developing countries in Asia Pacific is expected to account for a significant portion during the forecast period.

Due to growing urbanization and infrastructure development. Latin America, Middle East and Africa are projected to grow at significant growth rates in the near future, driven by increased urbanization and economic growth.

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Reasons to buy this market report:

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– Global Vehicle Parking Meter Market Research Report studies the latest global trends, latest and exhaustive competitive analysis along with various other key features of the global market.

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To conclude, the Vehicle Parking Meters Market report will provide the clients with a high-yielding market analysis assisting them to understand the market status and forge new market avenues to capture hold of the market share.

Vehicle Parking Meter Market: Market Players

Examples of some of the market players identified in the value chain of the global Vehicle Parking Meters market include:

Meypar USA Corp.
Parking lot BOXX
Parkeon
Meisel Holdings LLC
IPS Group, Inc.
RJS Parking Products
Gamesa Electric
Ditech Srl
Data Parl Inc.
duncan parking meter

Vehicle Parking Meter Market: Segmentation

The Vehicle Parking Meters market can be segmented by product type and end use.

On the basis of product type, the vehicle parking meter market can be segmented into:

Legacy Meter
Smart Meter

On the basis of end use, the vehicle parking meter market can be segmented into:

Parking Street
Shopping Mall
Hospital
Public and Private Institutions

Regional analysis includes:

North America (USA, Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, other Latin America)
Europe (Germany, Italy, France, UK, Spain, Benelux, Northern Europe, Eastern Europe, other Europe)
East Asia ( Japan, China, Korea)
South Asia (India, Thailand, Malaysia, Indonesia, Philippines, other South Asia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC countries, South Africa, Turkey, Iran, Israel, rest of MEA)

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Data collection from extensive primary and secondary studies.
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