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Parking Meter Equipment Market, Global Outlook and Forecast 2023-2032

The global Parking Meter Equipment market was valued at US$ 3321.8 million in 2022 and is projected to reach US$ 4756.8 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


The USA market for Global Parking Meter Equipment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.



The China market for Global Parking Meter Equipment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


The Europe market for Global Parking Meter Equipment market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


Parking meter is a device used for collecting revenue in exchange for parking a vehicle at a particular place for limited time. Parking meters can be used as a tool for enforcing the street parking policy by municipalities. Parking meters are generally installed in high traffic areas. Parking meters are part of both public and private agencies? parking management solutions. Public infrastructure such as transit stations, libraries, stadiums, tourist attractions, civic buildings, universities and hospitals generate high parking demand which is major driver for parking meter market. Traffic congestion caused by vehicles is an alarming problem both in developed as well as developing countries.

The Parking Meter Device industry can be broken down into several segments, Parking Meter (Single Space), Parking Kiosks (Multi Space), etc.

Across the world, the major players cover Flowbird, POM, Hectronic, etc.

This report aims to provide a comprehensive presentation of the global market for Parking Meter Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parking Meter Equipment. This report contains market size and forecasts of Parking Meter Equipment in global, including the following market information:


  • Global Parking Meter Equipment Market Revenue, 2018-2023, 2024-2032, ($ millions)

  • Global Parking Meter Equipment Market Sales, 2018-2023, 2024-2032, (K Units)

  • Global top five Parking Meter Equipment companies in 2022 (%)

Flowbird, POM and T2 Systems are the top 3 players of Parking Meter Device, with about 8% market shares.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Parking Meter Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:

Global Parking Meter Equipment Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Parking Meter Equipment Market Segment Percentages, by Type, 2022 (%)


  • Parking Meter (Single Space)

  • Parking Kiosks (Multi Space)

Global Parking Meter Equipment Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Parking Meter Equipment Market Segment Percentages, by Application, 2022 (%)


  • Government Institutions

  • Hospitals

  • Parks

  • Transit Systems

  • Malls & Stadiums

  • Other

Global Parking Meter Equipment Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Parking Meter Equipment Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Parking Meter Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Parking Meter Equipment revenues share in global market, 2022 (%)

  • Key companies Parking Meter Equipment sales in global market, 2018-2023 (Estimated), (K Units)

  • Key companies Parking Meter Equipment sales share in global market, 2022 (%)

key players include:


  • FLOWBIRD

  • POM Inc.

  • Hectronic

  • Kinouwell Tech

  • IEM

  • METRIC Group Ltd

  • J.J. MacKay Canada Limited

  • IPS Group, Inc.

  • Shenzhen Horoad Electronic Technology

  • Ventek International

  • Parking BOXX

  • CivicSmart, Inc.

  • LocoMobi Inc

Outline of Major Chapters:

Chapter 1: Introduces the definition of Parking Meter Equipment, market overview.

Chapter 2: Global Parking Meter Equipment market size in revenue and volume.

Chapter 3: Detailed analysis of Parking Meter Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Parking Meter Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Parking Meter Equipment capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports 1.1 Parking Meter Equipment Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Parking Meter Equipment Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Parking Meter Equipment Overall Market Size 2.1 Global Parking Meter Equipment Market Size: 2022 VS 2032 2.2 Global Parking Meter Equipment Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Parking Meter Equipment Sales: 2018-2032 3 Company Landscape 3.1 Top Parking Meter Equipment Players in Global Market 3.2 Top Global Parking Meter Equipment Companies Ranked by Revenue 3.3 Global Parking Meter Equipment Revenue by Companies 3.4 Global Parking Meter Equipment Sales by Companies 3.5 Global Parking Meter Equipment Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Parking Meter Equipment Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Parking Meter Equipment Product Type 3.8 Tier 1, Tier 2 and Tier 3 Parking Meter Equipment Players in Global Market 3.8.1 List of Global Tier 1 Parking Meter Equipment Companies 3.8.2 List of Global Tier 2 and Tier 3 Parking Meter Equipment Companies 4 Sights by Product

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