Quick Summary:
In the swiftly evolving urban landscape, the Off-Street Parking Management Systems market is gaining significant traction for facilitating optimized parking solutions with unprecedented control and flexibility. Navigating through this complex landscape, the market is poised to escalate to an impressive US$4.1 Billion by 2030, marking an influential transformation from the estimated US$2.1 Billion in 2022. This comprehensive market research report provides an in-depth analysis of the current trends shaping this industry, and highlights the promising potential within the Parking Reservation Management segment set to reach US$1.5 Billion.
The growth trajectory of this market is driven by thriving economies such as the US and China, with deep dives into other notable geographic regions, consolidating essential market data for informed decision-making. Additionally, recognizing the criticality of competitive intelligence, this report not only provides a detailed glimpse into key market players and their strategies, but also incorporates interactive, bespoke updates, and access to digital archives, thus ensuring you stay abreast of the latest market developments.
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
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Off-Street Parking Management Systems?
What is the growth rate of the Global Market for Off-Street Parking Management Systems?
What is the forecasted size of the Global Market for Off-Street Parking Management Systems?
Who are the key companies in the Global Market for Off-Street Parking Management Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | December 2023 |
| 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 |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amano Corporation
- Cubic Corporation
- IBM Corporation
- Kapsch TrafficCom AG
- Kudelski SA
- Nortech Control Systems Ltd.
- SWARCO AG
- Tiba Parking
- Xerox Corporation
