Smart Parking market worldwide is projected to grow by US$7. 6 Billion

Global Smart Parking Industry Smart Parking market worldwide is projected to grow by US$7. 6 Billion, driven by a compounded growth of 18. 3%. Guided Park Assist, one of the segments analysed and sized in this study, displays the potential to grow at over 17.

 

(GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Smart Parking Industry" - 3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$6.9 Billion by the year 2025, Guided Park Assist will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 19.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$294.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$364.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Guided Park Assist will reach a market size of US$495.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 18% over the next couple of years and add approximately US$1.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Smart Parking Technology and Human Innovation Enable Efficient Use of Parking Spaces
Smart Parking Value Chain Smart Parking Market: Need for Decongestion of Cities and
Provide Efficient Parking Experience Drives Growth Global Smart Parking Systems Market: Percentage Breakdown of Revenues by End-Use for 2019 Global Smart Parking Market: Percentage Breakdown of Revenues by Parking Site for 2019 and 2025
Global Competitor Market Shares Smart Parking Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Market Structure of Smart Parking Solutions Industry


2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Vehicular Traffic and Lack of Adequate Parking Spaces in Cities Drives Focus onto Smart Parking Systems Countries with Highest Vehicle Density Per Capita (in Number of Vehicles Per 1,000 Inhabitant) An Insight into the Economic Cost of Parking Average Time Spent in Searching for Parking Space in US, UK and German Cities Parking Search Cost in Major US Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in $ Billion) Parking Search Cost in Major Cities across the UK: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in £ Billion) Parking Search Cost in Major German Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in ? Million) Major Driver Issues and Key Parking Issues in the US, UK and
Germany Smart Parking Solutions Seek to Resolve the Ever Growing Transport Challenges Confronting Cities across the World Smart Parking: An Integral Part of Smart City Initiatives
List of Select Smart City Projects Worldwide Growing Smart City Initiatives Worldwide Presents Opportunity for Smart Parking Market: Global Smart Cities Market Revenues
in US$ Billion for the Years 2019, 2021, 2023 and 2025 Smart Parking Solutions Offer Considerable Advantages to Drivers Automation Technologies to Significantly Impact Smart Parking Market Integration of Real-Time Smart Parking Systems in Distributed Intelligent Transport Systems across Smart Cities: Designed to Provide Timely Information IoT Facilitates Location Tracking of Cars in Smart Parking Lots Integrated Smart Parking Solutions Hold the Ability to Considerably Enhance Efficiency Parking 4.0: The Future of Smart Parking Event Parking in Cities: Tremendous Growth Potential for Smart Parking Market Smart Parking Technology Presents Additional Avenues of Revenue Generation in Cities Major Trends in the Smart Parking World: In a Nutshell Smart Parking: Among the Notable Innovations in the Parking Space PRODUCT OVERVIEW Smart Parking
Technologies Used in Smart Parking.


4. GLOBAL MARKET PERSPECTIVE

Decongestion of Cities: A Key Advantage of IoT-Enabled Smart Parking Systems
Table 1: Smart Parking Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 Table 2: Smart Parking Market Share Shift across Key
Geographies Worldwide: 2019 VS 2025 Table 3: Guided Park Assist (System) World Market by Region/Country in US$ Million: 2018 to 2025 Table 4: Guided Park Assist (System) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Table 5: Smart Park (System) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 Table 6: Smart Park (System) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025 Table 7: Security & Surveillance (Solution) Geographic Market
Spread Worldwide in US$ Million: 2018 to 2025 Table 8: Security & Surveillance (Solution) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Table 9: Valet & Parking Reservation (Solution) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025 Table 10: Valet & Parking Reservation (Solution) Market Share Breakdown by Region/Country: 2019 VS 2025 Table 11: License Plate Recognition (Solution) World Market by Region/Country in US$ Million: 2018 to 2025
Table 12: License Plate Recognition (Solution) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025


III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures US Passenger Car Smart Parking Market Share (in %) by Company: 2019 & 2025 With the US Parking Market Challenged by Significant Inefficiencies, Smart Parking Technology Promises Change Market Analytics Smart Parking Systems Market in the US: Percentage Breakdown of Revenue by Parking Site for 2019 and 2025 Smart Parking Systems Market in North America: Percentage Breakdown of Revenues by Component for 2019 and 2025 Table 13: United States Smart Parking Market Estimates and
Projections in US$ Million by System: 2018 to 2025 Table 14: United States Smart Parking Market Share Breakdown by System: 2019 VS 2025 Table 15: United States Smart Parking Market Estimates and Projections in US$ Million by Solution: 2018 to 2025 Table 16: United States Smart Parking Market Share Breakdown by Solution: 2019 VS 2025 CANADA Table 17: Canadian Smart Parking Market Estimates and Forecasts in US$ Million by System: 2018 to 2025 Table 18: Smart Parking Market in Canada: Percentage Share Breakdown of Sales by System for 2019 and 2025 Table 19: Canadian Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2018 to 2025 Table 20: Smart Parking Market in Canada: Percentage Share Breakdown of Sales by Solution for 2019 and 2025 JAPAN
Table 21: Japanese Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by System for the Period 2018-2025 Table 22: Japanese Smart Parking Market Share Analysis by System: 2019 VS 2025 Table 23: Japanese Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2018-2025
Table 24: Japanese Smart Parking Market Share Analysis by Solution: 2019 VS 2025
CHINA Need to Tackle China?  Parking Crisis Spurs Robust Growth in the Smart Parking Market Diagonal Smart Parking Garage Debuts in China Market Analytics Table 25: Chinese Smart Parking Market Growth Prospects in US$ Million by System for the Period 2018-2025
Table 26: Chinese Smart Parking Market by System: Percentage Breakdown of Sales for 2019 and 2025 Table 27: Chinese Smart Parking Market Growth Prospects in US$
Million by Solution for the Period 2018-2025 Table 28: Chinese Smart Parking Market by Solution: Percentage Breakdown of Sales for 2019 and 2025 EUROPE Market Facts & Figures European Passenger Car Smart Parking Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Smart Parking Market in Europe: An Overview Market Analytics
Table 29: European Smart Parking Market Demand Scenario in US$ Million by Region/Country: 2018-2025 Table 30: European Smart Parking Market Share Shift by
Region/Country: 2019 VS 2025 Table 31: European Smart Parking Market Estimates and Forecasts in US$ Million by System: 2018-2025 Table 32: European Smart Parking Market Share Breakdown by System: 2019 VS 2025 Table 33: European Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2018-2025 Table 34: European Smart Parking Market Share Breakdown by Solution: 2019 VS 2025