The multispace parking meter market was valued at USD 0.4 Bn in 2021. The market is projected to grow USD 1.3 Bn in 2030, at a CAGR of 8.8%. Multispace parking meters are utilized to collect parking fees based on the length of time spent parked. It can be set up to operate as a pay-by-plate, pay-by-space, or pay-and-display system. The multispace parking meter includes a user-friendly interface that makes parking payments quick, easy, and secure. Coins, bills, credit and debit cards, smart cards, and telephone payments are all accepted by multispace meters. Multispace parking meters are particularly resistant to vandalism.
The multispace parking meter is a device that collects money in exchange for parking a car in a specific location for a set amount of time. Due to an integrated on-street parking policy that considers traffic and mobility management objectives, municipalities utilize parking meters. Parking meters are commonly utilized to generate revenue from parked automobiles in high-traffic areas such as government facilities, hospitals, public parks, malls, and stadiums. Because parking meters are situated in high-traffic areas, they can be utilized as a tool for municipalities to enforce their street parking policies. Both governmental and commercial entities use parking meters as part of their parking management solutions.
The report offers insightful information about the market dynamics of the Multispace Parking Meter market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Multispace Parking Meter market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Multispace Parking Meter market.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Multispace Parking Meter research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Multispace Parking Meter Market Research study’s will feature a large amount of unique data. A number of Multispace Parking Meter industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
Flowbird Group
Hectronic
IEM SA
IPS Group, Inc.
MacKay Meters
Kinouwell Tech
CivicSmart, Inc.
PRECISE PARKLINK INC.
METRIC Group Ltd
POM Inc.
Shenzhen Horoad Electronic Technology Development Co., Ltd.
Ventek International
Type Analysis of World Wide Multispace Parking Meter Market:
Cash
Payment Cards
Mobile Payment
Others
Segmentation of global Multispace Parking Meter Market by Application:
Government Institutions
Hospitals
Parks
Transit Systems
Malls and Stadiums
The study report offers a comprehensive analysis of Multispace Parking Meter Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Multispace Parking Meter Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Multispace Parking Meter Market will be able to gain the upper hand as they use the report as a powerful resource.
Global Multispace Parking Meter Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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This research report gives detailed data about the major factors influencing the growth of the Multispace Parking Meter market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve Multispace Parking Meter market insight.
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