Product Code: GVR-4-68039-913-0
Parking Management Market Growth & Trends:
The global parking management market size is expected to reach USD 10.14 billion by 2030 and is expected to expand at 12.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for smart parking sensors, the increasing need for parking spaces, and favorable government initiatives are some of the factors contributing to the market growth.
Smart technologies are experiencing tremendous growth in the parking management system, including parking guidance systems, automated parking, and parking reservation systems. In addition to these technologies, the demand for security and safety of parked vehicles is also increasing rapidly among vehicle owners, which is propelling the procurement of a parking surveillance system. This will create a substantial market space for parking management companies to grow over the years.
Several car park mobile applications have included the feature to reserve a vehicle park space and make payments through mobile wallets. It allows users to save meaningful time spent searching for vacant spaces and provides parking enforcement options, such as adding remote parking spaces and providing parking information to users. For instance, in April 2022, ParkMobile, LLC announced a partnership with Diamond Parking, a parking facility provider in the U.S. Through the partnership the former company offers contactless payments in more than 25 cities across Western Canada, Washington, Alaska, Montana, Hawaii, Oregon, Idaho, California, and Hawaii. ParkMobile will now be accessible at more than 800 Diamond Parking spots.
The increasing availability of integrated automated solutions and advancements in wireless technology are anticipated to drive the adoption of parking management solutions. Moreover, parking management systems aid in increasing mobility in cities and offer a dependable revenue model. These systems use data analytics, wireless communication technology, and sensors to address parking issues in cities and metros.
Parking Management Market Report Highlights:
- The parking reservation segment is anticipated to witness significant growth during the forecast period. This growth can be attributed to the rising demand for parking reservation solutions (valet parking management solutions, access control, and slot management) to get information about available parking spaces through continuous monitoring
- The support and maintenance segment held a significant market share in 2022. The segment also includes software and equipment, which requires preventive maintenance to avoid downtime and ensure that systems run as smoothly as when it was first installed. These capabilities will supplement the growth of the segment during the forecast period
- The cloud segment is anticipated to register considerable growth over the forecast period. The segment growth can be attributed to the increasing adoption of cloud-based solutions by parking management companies, zero maintenance cost, and flexible payment options
- The off-street segment accounts for the largest market share in 2022. The growing use of mobile applications, better payment, and checking ticket solutions for parking assistance is expected to drive the growth of the segment during the forecast period
- The government segment accounts for the largest market share in 2022 due to the increasing government investments in implementing smart city development projects. Additionally, parking management vendors, technology providers, and consultants have aggressively started simulating innovative solutions based on conceptual modules for the designing and development of urban infrastructure
- The Asia Pacific regional market is expected to reach USD 2,186.0 million by 2030. The regional market growth can be attributed to the rising government expenditures on developing smart cities and the rising number of individuals migrating toward popular cities for better opportunities. Hence, there is a huge requirement for an efficient and effective parking infrastructure in the era of the aggressive rise in the number of vehicles across the region
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.2.1 Purchased Database
- 1.2.2 GVR'S Internal Database
- 1.2.3 List of secondary sources
- 1.2.4 Primary Research
- 1.3 List of Data Sources
- 1.4 Market Formulation & Publishing
- 1.5 Data Validation & Publishing
Chapter 2 Executive Summary
- 2.1. Parking management-Industry snapshot& key buying criteria, 2018 - 2030
- 2.2. Global Parking Management Market, 2018 - 2030 (USD Million)
- 2.2.1 Global parking management market, by region, 2018 - 2030 (USD Million)
- 2.2.2 Global parking management market, by solution, 2018 - 2030 (USD Million)
- 2.2.3 Global parking management market, by service, 2018 - 2030 (USD Million)
- 2.2.4 Global parking management market, by deployment, 2018 - 2030 (USD Million)
- 2.2.5 Global parking management market, by parking site, 2018 - 2030 (USD Million)
- 2.2.5.1 Global parking management market, by off-street parking site, 2018 - 2030 (USD Million)
- 2.2.6 Global parking management market, by application, 2018 - 2030 (USD Million)
Chapter 3 Parking Management Industry Outlook
- 3.1. Market Segmentation and Scope
- 3.2. Market Size and Growth Prospects
- 3.3. Parking Management Value Chain Analysis
- 3.4. Parking Management Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.2. Market restraint analysis
- 3.5. Industry Analysis
- 3.5.1 Parking Management - Porter's Five Forces Analysis
- 3.5.2 Parking Management Market PESTEL Analysis
- 3.6 Impact of COVID-19 on the Parking Management Market
Chapter 4 Parking Management Market: Solution Segment Analysis
- 4.1. Parking Management Market: By Solution Segment Outlook & Market Share, 2022 and 2030
- 4.2. Access control
- 4.2.1. Access control parking management market, by region, 2018 - 2030 (USD Million)
- 4.3. Security & surveillance
- 4.3.1. Security & surveillance parking management market, by region, 2018 - 2030 (USD Million)
- 4.4. Revenue management
- 4.4.1. Revenue parking management market, by region, 2018 - 2030 (USD Million)
- 4.5. Parking reservation management
- 4.5.1. Parking reservation management market, by region, 2018 - 2030 (USD Million)
- 4.6. Valet parking management
- 4.6.1. Valet parking management market, by region, 2018 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Other parking management solution market, by region, 2018 - 2030 (USD Million)
Chapter 5 Parking Management Market: Service Segment Analysis
- 5.1. Parking Management Market: By Service Segment Outlook & Market Share, 2022 and 2030
- 5.2. Consulting
- 5.2.1. Parking management consulting service market, by region, 2018 - 2030 (USD Million)
- 5.3. System Integration and Deployment
- 5.3.1. Parking management system integration and deployment service market, by region, 2018 - 2030 (USD Million)
- 5.4. Support and Maintenance
- 5.4.1. Parking management support and maintenance service market, by region, 2018 - 2030 (USD Million)
Chapter 6 Parking Management Market: Deployment Segment Analysis
- 6.1. Parking Management Market: By Deployment Type Segment Outlook & Market Share, 2022 and 2030
- 6.2. Cloud
- 6.2.1. Cloud parking management market, by region, 2018 - 2030 (USD Million)
- 6.3. On-premise
- 6.3.1. On-premise parking management market, by region, 2018 - 2030 (USD Million)
Chapter 7 Parking Management Market: Parking Site Segment Analysis
- 7.1. Parking Management Market: By Parking Site Segment Outlook & Market Share, 2022 and 2030
- 7.2. On-street parking
- 7.2.1. On-street parking management market, by region, 2018 - 2030 (USD Million)
- 7.3. Off-street parking
- 7.3.1. Off-street parking management market, by region, 2018 - 2030 (USD Million)
Chapter 8 Parking Management Market: Off-Street Parking Site Segment Analysis
- 8.1. Parking Management Market: By Off-Street Parking Site Segment Outlook & Market Share, 2022 and 2030
- 8.2. Garage Parking
- 8.2.1. Garage parking management market, by region, 2018 - 2030 (USD Million)
- 8.3. Lot Parking
- 8.3.1. Lot parking management market, by region, 2018 - 2030 (USD Million)
Chapter 9 Parking Management Market: Application Segment Analysis
- 9.1. Parking Management Market: By Application Segment Outlook & Market Share, 2022 and 2030
- 9.2. Transport Transit
- 9.2.1. Parking management market in transport transit, by region, 2018 - 2030 (USD Million)
- 9.3. Commercial
- 9.3.1. Parking management market in commercial, by region, 2018 - 2030 (USD Million)
- 9.4. Government
- 9.4.1. Parking management market in government, by region, 2018 - 2030 (USD Million)
Chapter 10 Parking Management Market: Regional Segment Analysis
- 10.1. Parking Management Market: By Region Segment Outlook & Market Share, 2022 and 2030
- 10.2. North America
- 10.2.1. North America parking management market by solution, 2018 - 2030 (USD Million)
- 10.2.2. North America parking management market by service, 2018 - 2030 (USD Million)
- 10.2.3. North America parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.2.4. North America parking management market by parking site, 2018 - 2030 (USD Million)
- 10.2.4.1 North America parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.2.5. North America parking management market by application, 2018 - 2030 (USD Million)
- 10.2.6. U.S.
- 10.2.6.1. U.S. parking management market by solution, 2018 - 2030 (USD Million)
- 10.2.6.2. U.S.parking management market by service, 2018 - 2030 (USD Million)
- 10.2.6.3. U.S.parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.2.6.4. U.S.parking management market by parking site, 2018 - 2030 (USD Million)
- 10.2.6.4.1. U.S. parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.2.6.5. U.S.parking management market by application, 2018 - 2030 (USD Million)
- 10.2.7. Canada
- 10.2.7.1. Canada parking management market by solution, 2018 - 2030 (USD Million)
- 10.2.7.2. Canada parking management market by service, 2018 - 2030 (USD Million)
- 10.2.7.3. Canada parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.2.7.4. Canada parking management market by parking site, 2018 - 2030 (USD Million)
- 10.2.7.4.1. Canada parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.2.7.5. Canada parking management market by application, 2018 - 2030 (USD Million)
- 10.2.8. Mexico
- 10.2.8.1. Mexico parking management market by solution, 2018 - 2030 (USD Million)
- 10.2.8.2. Mexico parking management market by service, 2018 - 2030 (USD Million)
- 10.2.8.3. Mexico parking management market by deployment, 2018 - 2030 (USD Million)
- 10.2.8.4. Mexico parking management market by parking site, 2018 - 2030 (USD Million)
- 10.2.8.4.1. Mexico parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.2.8.5. Mexico parking management market by application, 2018 - 2030 (USD Million)
- 10.3. Europe
- 10.3.1. Europe parking management market by solution, 2018 - 2030 (USD Million)
- 10.3.2. Europe parking management market by service, 2018 - 2030 (USD Million)
- 10.3.3. Europe parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.3.4. Europe parking management market by parking site, 2018 - 2030 (USD Million)
- 10.3.4.1. Europe parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.3.5. Europe parking management market by application, 2018 - 2030 (USD Million)
- 10.3.6. Germany
- 10.3.6.1. Germany parking management market by solution, 2018 - 2030 (USD Million)
- 10.3.6.2. Germany parking management market by service, 2018 - 2030 (USD Million)
- 10.3.6.3. Germany parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.3.6.4. Germany parking management market by parking site, 2018 - 2030 (USD Million)
- 10.3.6.4.1. Germany parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.3.6.5. Germany parking management market by application, 2018 - 2030 (USD Million)
- 10.3.7. U.K.
- 10.3.7.1. U.K. parking management market by solution, 2018 - 2030 (USD Million)
- 10.3.7.2. U.K. parking management market by service, 2018 - 2030 (USD Million)
- 10.3.7.3. U.K. parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.3.7.4. U.K. parking management market by parking site, 2018 - 2030 (USD Million)
- 10.3.7.4.1. U.K. parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.3.7.5. U.K. parking management market by application, 2018 - 2030 (USD Million)
- 10.4. Asia Pacific
- 10.4.1. Asia Pacific parking management market by solution, 2018 - 2030 (USD Million)
- 10.4.2. Asia Pacific parking management market by service, 2018 - 2030 (USD Million)
- 10.4.3. Asia Pacific parking management market by deployment, 2018 - 2030 (USD Million)
- 10.4.4. Asia Pacific parking management market by parking site, 2018 - 2030 (USD Million)
- 10.4.4.1. Asia Pacific parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.4.5. Asia Pacific parking management market by application, 2018 - 2030 (USD Million)
- 10.4.6. China
- 10.4.6.1. China parking management market by solution, 2018 - 2030 (USD Million)
- 10.4.6.2. China parking management market by service, 2018 - 2030 (USD Million)
- 10.4.6.3. China parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.4.6.4. China parking management market by parking site, 2018 - 2030 (USD Million)
- 10.4.6.4.1. China parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.4.6.5. China parking management market by application, 2018 - 2030 (USD Million)
- 10.4.7. India
- 10.4.7.1. India parking management market by solution, 2018 - 2030 (USD Million)
- 10.4.7.2. India parking management market by service, 2018 - 2030 (USD Million)
- 10.4.7.3. India parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.4.7.4. India parking management market by parking site, 2018 - 2030 (USD Million)
- 10.4.7.4.1. India parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.4.7.5. India parking management market by application, 2018 - 2030 (USD Million)
- 10.4.8. Japan
- 10.4.8.1. Japan parking management market by solution, 2018 - 2030 (USD Million)
- 10.4.8.2. Japan parking management market by service, 2018 - 2030 (USD Million)
- 10.4.8.3. Japan parking management market by deployment type, 2018 - 2030 (USD Million)
- 10.4.8.4. Japan parking management market by parking site, 2018 - 2030 (USD Million)
- 10.4.8.4.1 Japan parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.4.8.5. Japan parking management market by application, 2018 - 2030 (USD Million)
- 10.5. South America
- 10.5.1. South America parking management market by solution, 2018 - 2030 (USD Million)
- 10.5.2. South America parking management market by service, 2018 - 2030 (USD Million)
- 10.5.3. South America parking management market by deployment, 2018 - 2030 (USD Million)
- 10.5.4. South America parking management market by parking site, 2018 - 2030 (USD Million)
- 10.5.4.1. South America parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.5.5. South America parking management market by application, 2018 - 2030 (USD Million)
- 10.5.6. Brazil
- 10.5.6.1. Brazil parking management market by solution, 2018 - 2030 (USD Million)
- 10.5.6.2. Brazil parking management market by service, 2018 - 2030 (USD Million)
- 10.5.6.3. Brazil parking management market by deployment, 2018 - 2030 (USD Million)
- 10.5.6.4. Brazil parking management market by parking site, 2018 - 2030 (USD Million)
- 10.5.6.4.1. Brazil parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.5.6.5. Brazil parking management market by application, 2018 - 2030 (USD Million)
- 10.6. Middle East & Africa (MEA)
- 10.6.1. MEA parking management market by solution, 2018 - 2030 (USD Million)
- 10.6.2. MEA parking management market by service, 2018 - 2030 (USD Million)
- 10.6.3. MEA parking management market by deployment, 2018 - 2030 (USD Million)
- 10.6.4. MEA parking management market by parking site, 2018 - 2030 (USD Million)
- 10.6.4.1. MEA parking management market by off-street parking site, 2018 - 2030 (USD Million)
- 10.6.5. MEA parking management market by application, 2018 - 2030 (USD Million)
Chapter 11 Competitive Analysis
- 11.1 Recent Developments and Impact Analysis, by Key Market Participants
- 11.2 Company/Competition Categorization
- 11.3 Vendor Landscape
- 11.3.1 Parking Management Market: Key Company Market Ranking Analysis, 2022
Chapter 12 Competitive Landscape
- 12.1. 3M Company
- 12.1.1. Company overview
- 12.1.2. Financial performance
- 12.1.3. Product benchmarking
- 12.1.4. Strategic initiatives
- 12.2. Amano Corporation
- 12.2.1. Company overview
- 12.2.2. Financial performance
- 12.2.3. Product benchmarking
- 12.2.4. Strategic initiatives
- 12.3. Cubic Corporation
- 12.3.1. Company overview
- 12.3.2. Financial performance
- 12.3.3. Product benchmarking
- 12.3.4. Strategic initiatives
- 12.4. IBM Corporation
- 12.4.1. Company overview
- 12.4.2. Financial performance
- 12.4.3. Product benchmarking
- 12.4.4. Strategic initiatives
- 12.5. Kapsch TrafficCom
- 12.5.1. Company overview
- 12.5.2. Financial performance
- 12.5.3. Product benchmarking
- 12.5.4. Strategic initiatives
- 12.6. Siemens AG
- 12.6.1. Company overview
- 12.6.2. Financial performance
- 12.6.3. Product benchmarking
- 12.6.4. Strategic initiatives
- 12.7. Skidata
- 12.7.1. Company overview
- 12.7.2. Financial performance
- 12.7.3. Product benchmarking
- 12.7.4. Strategic initiatives
- 12.8. Swarco Corporation
- 12.8.1. Company overview
- 12.8.2. Financial performance
- 12.8.3. Product benchmarking
- 12.8.4. Strategic initiatives
- 12.9. T2 Systems
- 12.9.1. Company overview
- 12.9.2. Financial performance
- 12.9.3. Product benchmarking
- 12.9.4. Strategic initiatives
- 12.10. Robert Bosch GmbH Corporation
- 12.10.1. Company overview
- 12.10.2. Financial performance
- 12.10.3. Product benchmarking
- 12.10.4. Strategic initiatives