The Parking Management Market: Current Trends and Future Projections

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The parking management market was estimated to be worth US$ 4.20 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12% to reach US$ 9.28 billion by 2030.

Parking Management Market Report Overview

In order to present a current picture of the market and help grasp its features in an optimal manner, Maximize Market Research does a thorough analysis of Parking Management. The market features of accumulation, segmentation, dominance, and combination traits are presented in the Parking Management Market study. The study gives a general overview of the artificial organ market by highlighting common themes with data that is tailored to the specific needs. Making judgments about how to approach the market and comprehend the Parking Management industry's backdrop is made easier with the help of this overview.

The Parking Management Marketsize was valued at US$ 4.20 Bn. in 2023 and is expected to reach US$ 9.28 Bn. by 2030, at a CAGR of 12% during a forecast period.

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Parking Management Market Dynamics

The dentistry industry has developed over time thanks to the development of novel dental materials. Patient compliance has improved in tandem with a sharp rise in the demand for minimally invasive procedures. To prevent or greatly lessen blood loss and patient suffering during surgical treatments such as gum elevation and teeth whitening, the usage of dental lasers has increased. Adhesive dentistry, which uses composite materials to strengthen teeth and enhance their appearance with minimal damage to the tooth's natural components, is another area of dentistry that has drawn interest. Consequently, more individuals are opting to get dental operations.

Parking Management is the equipment used to assess, modify, treat, and cure any oral problems. The industry is seeing several development drivers, such as the expanding the emergence of various government programs for public oral health care, the aging population with oral health issues, and the evolution of medical tourism into dental care. Moreover

Further, well-known companies are entering the market with cutting-edge and effective Parking Management. Among the businesses releasing new computer-aided imaging technology with vigor are Planmeca Oy, Dentsply Sirona, and Danaher Corporation. This technology will enable dentists to precisely plan dental treatments. The key product categories in the market include dental radiology equipment, dental lasers, systems and parts, laboratory equipment, hygiene maintenance devices, and miscellaneous equipment.

Parking Management Market Report Scope and Research Methodology 

The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Parking Management industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Parking Management market report's competitive scenario, companies' activities are categorized into Merger Acquisition, Agreement, Collaboration Partnership, Product Launch Enhancement, Investment Funding, as well as Award, Recognition Expansion.

The accumulated news within the Parking Management report equips suppliers with insights into market gaps and competitors' strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier's revenue contribution to the overall Parking Management market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.

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Parking Management Market Regional Insights

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of MEA)
South America (Brazil, Argentina Rest of South America)

Market size and forecast for these regional and country-level markets are presented in this Parking Management market report for the period 2020-2029. 

Parking Management Market Segmentation: 

In 2023, the market was dominated by the government sector based on application. Because public parking facilities must be established in cities that are secure, hygienic, and efficient, the government sector has a great need for efficient car park management systems. As the number of smart city projects rises, so does the need for intelligent solutions. Governments everywhere are putting car park management systems into place to address growing traffic issues brought on by a lack of parking spaces. For instance, the Dutch Ministry of Infrastructure and Water Management, working with regional administrations, federal agencies, and foreign organizations, intended to invest USD 101 million by 2021.

by Solution

Access Control
Security Surveillance
Revenue Management
Parking Reservation Management
Valet Parking Management
Other

by Service

Consulting Services
System Integration Deployment
Support Maintenance

by Parking Sites

On-street
Off-street

by Application

Transport Transit
Commercial
Government

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Parking Management Market Key Players:

1.Amano Corporation
2. Q-Free ASA
3. Indigo Park Services
4. Chetu, Streetline
5. SWARCO
6. T2 Systems
7. SKIDATA
8. Flowbird Group
9. GROUP Indigo
10. Siemens
11. Bosch Group
12. Conduent
13. APCOA PARKING
14. Precise ParkLink
15. FlashParking
16. Passport Labs
17. ParkMobile
18. SpotHero
19. Get My Parking
20. INRIX
21. IPS Group
22. Smart Parking
23. TIBA Parking Systems
24. Streetline

Key Questions answered in the Parking Management Market Report are: 

  1. What is Parking Management?
  2. What is the CAGR of the Parking Management market during the forecast period?
  3. What is the expected Parking Management market size by 2030?
  4. Which segment held the largest Parking Management market share in 2023?
  5. What is the competitive scenario of the Parking Management market?
  6. What are the main factors driving the growth of the Parking Management market?
  7. Which region has the maximum Parking Management market share?
  8. Who are the major players in the Parking Management market?

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Key Offerings:

  1. Past Market Size and Competitive Landscape (2018 to 2023)
  2. Past Pricing and price curve by region (2018 to 2023)
  3. Market Size, Share, Size Forecast by different segment | 2024−2030
  4. Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  5. Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  6. Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    1. Competitive landscape – Market Leaders, Market Followers, Regional player
    2. Competitive benchmarking of key players by region
  7. PESTLE Analysis 
  8. PORTER’s analysis 
  9. Value chain and supply chain analysis 
  10. Legal Aspects of business by region
  11. Lucrative business opportunities with SWOT analysis 
  12. Recommendations 

About Maximize Market Research:

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