Japan’s Smart Parking Market is estimated to be USD 226.91 Mn in 2023 and is expected to reach USD 383.57 Mn by 2028, growing at a CAGR of 11.7%.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
This Research analyses Japan’s Smart Parking Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, This Research has devised suitable strategies for market growth.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
Market Segmentations
Japan’s Smart Parking Market is segmented based on Type, Component, Technology, Application, and End-User.- By Type, the market is classified into Off-Street, and On- Street.
- By Component, the market is classified into Parking Sensors, Steering Angle Sensors, Electronic Control Unit, and Display Unit.
- By Technology, the market is classified into Internet of Things (IoT), Ultrasonic, and RFID.
- By Application, the market is classified into Security and Surveillance, Smart Payment Systems, E-Parking, and License Plate Recognition.
- By End-User, the market is classified into Commercial, Government, and Transport Transit.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Altiux Innovations, Amano Corp., Amano McGann Inc, BMW Group, Continental Ag, Daimler Ag, Eito & Global Inc., Siemens Ag, Valeo S.A, Volkswagen Ag, etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for Japan’s Smart Parking Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.This Research analyses Japan’s Smart Parking Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, This Research has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of Japan’s Smart Parking Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Urbanization and Space Concerns
4.1.2 Rising Adoption of IoT in Parking and Mobile Apps
4.2 Restraints
4.2.1 High Cost of Investment and Maintenance
4.3 Opportunities
4.3.1 Advancements in Smart Parking Technology
4.3.2 Development of Smart Cities
4.4 Challenges
4.4.1 Complex Technology and Lack of Skilled Personnel
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Japan’s Smart Parking Market, By Type
6.1 Introduction
6.2 Off-Street
6.3 On- Street
7 Japan’s Smart Parking Market, By Component
7.1 Introduction
7.2 Parking Sensors
7.3 Steering Angle Sensors
7.4 Electronic Control Unit
7.5 Display Unit
8 Japan’s Smart Parking Market, By Technology
8.1 Introduction
8.2 Internet of Things (IoT)
8.3 Ultrasonic
8.4 RFID
9 Japan’s Smart Parking Market, By Application
9.1 Introduction
9.2 Security & Surveillance
9.3 Smart Payment Systems
9.4 E-Parking
9.5 License Plate Recognition
10 Japan’s Smart Parking Market, By End-User
10.1 Introduction
10.2 Commercial
10.3 Government
10.4 Transport Transit
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Aisin Corp.
12.2 Altiux Innovations
12.3 Amano Corp.
12.4 BMW Group
12.5 Continental Ag
12.6 Daimler Ag
12.7 Eito & Global Inc.
12.8 Giken Ltd.
12.9 IHI Parking System
12.10 Nissei Build Kogyo
12.11 Robert Bosch GmbH
12.12 Siemens Ag
12.13 Valeo S.A
12.14 Volkswagen Ag
13 Appendix
13.1 Questionnaire
Companies Mentioned
- Aisin Corp.
- Altiux Innovations
- Amano Corp.
- BMW Group
- Continental Ag
- Daimler Ag
- Eito & Global Inc.
- Giken Ltd.
- IHI Parking System
- Nissei Build Kogyo
- Robert Bosch GmbH
- Siemens Ag
- Valeo S.A
- Volkswagen Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 178 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 226.92 Million |
| Forecasted Market Value ( USD | $ 383.57 Million |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Japan |
| No. of Companies Mentioned | 14 |
