Global Off-Street Parking Management Systems Market to Reach $4.1 Billion by 2030
The global market for Off-Street Parking Management Systems estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030. Parking Reservation Management, one of the segments analyzed in the report, is projected to record 9.8% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Parking Fee & Revenue Management segment is readjusted to a revised 7.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $649.9 Million, While China is Forecast to Grow at 7.7% CAGR
The Off-Street Parking Management Systems market in the U.S. is estimated at US$649.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$689.9 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.Select Competitors (Total 42 Featured) -
- Amano Corporation
- Cubic Corporation
- IBM Corporation
- Kapsch TrafficCom AG
- Kudelski SA
- Nortech Control Systems Ltd.
- SWARCO AG
- Tiba Parking
- Xerox Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amano Corporation
- Cubic Corporation
- IBM Corporation
- Kapsch TrafficCom AG
- Kudelski SA
- Nortech Control Systems Ltd.
- SWARCO AG
- Tiba Parking
- Xerox Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 244 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.1 Billion |
Forecasted Market Value ( USD | $ 4.1 Billion |
Compound Annual Growth Rate | 8.7% |
Regions Covered | Global |