The Asia Pacific Parking Management Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Parking management refers to initiatives and policies that lead to more efficient use of parking resources. This report describes over two dozen different tactics used in parking management. In a given situation, parking management can reduce the number of parking spaces needed, offering a number of advantages to society, the economy, and the environment when properly applied. When these effects are considered, better management is frequently the greatest answer to parking issues.
Automated License Plate Recognition (ALPR), occupancy rate forecasting, automatic data interpretation, and practical traffic flow are all features of the AI-based system. The addition of various online services, including digital payments, interactive smartphone applications, and dynamic pricing, has been made possible due to the integration, which has enhanced the entire consumer experience. The necessity for the creation of parking management solutions is being driven by the increase in automobiles and the dearth of appropriate and designated parking spots. Additionally, the expansion of smart cities and government assistance for parking solution expansion is boosting market demand.
The automobile industries have grown rapidly throughout Asia-Pacific over the last few years. This trend has persisted as a result of the growing potential for vehicle production and technological innovation in the region's developing nations, including China, India, Indonesia, and others. Due to the existence of growth opportunities, manufacturers have been forced to increase their production capabilities and market reach. For instance, DuPont invested over USD 80 million in China in November 2018 to set up a manufacturing facility for compounded, high-end technical plastics and adhesives. Several businesses, including transportation, will benefit from the items that are offered.
China accounted for the largest share of world total vehicle sales of any country in 2020, according to the International Organization of Motor Vehicle Manufacturers (OICA), selling nearly 25 million vehicles. The regional market for automobile emission test equipment is anticipated to increase as a result of China's growing automotive sector.
The China market dominated the Asia Pacific Parking Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $652.6 million by 2028. The Japan market is poised to grow at a CAGR of 11.1% during (2022 - 2028). Additionally, The India market would display a CAGR of 12.5% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Revenue Management, Parking Reservation Management, Access Control, Security & Surveillance, and Valet Parking Management & Others) and Services. Based on Application, the market is segmented into Government, Commercial, and Transport Transit. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Parking Site, the market is segmented into Off-Street and On-Street. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Parking Management Market is Projected to reach USD 7.8 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, IBM Corporation, Cubic Corporation, Siemens AG, Kapsch TrafficCom AG, Robert Bosch GmbH, Conduent, Incorporated, T2 Systems, Inc., SWARCO AG, and Amano Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Solution
- Revenue Management
- Parking Reservation Management
- Access Control
- Security & Surveillance
- Valet Parking Management & Others
- Services
By Application
- Government
- Commercial
- Transport Transit
By Deployment Mode
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- IBM Corporation
- Cubic Corporation
- Siemens AG
- Kapsch TrafficCom AG
- Robert Bosch GmbH
- Conduent, Incorporated
- T2 Systems, Inc.
- SWARCO AG
- Amano Corporation
TABLE 1 Asia Pacific Parking Management Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Parking Management Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Revenue Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Revenue Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Parking Reservation Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Parking Reservation Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Access Control Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Access Control Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Security & Surveillance Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Security & Surveillance Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Valet Parking Management & Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Valet Parking Management & Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Transport Transit Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Transport Transit Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 31 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Off-Street Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Off-Street Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific On-Street Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific On-Street Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Parking Management Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Parking Management Market by Country, 2022 - 2028, USD Million
TABLE 43 China Parking Management Market, 2018 - 2021, USD Million
TABLE 44 China Parking Management Market, 2022 - 2028, USD Million
TABLE 45 China Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 46 China Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 47 China Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 48 China Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 49 China Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 50 China Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 51 China Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 52 China Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 53 China Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 54 China Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 55 Japan Parking Management Market, 2018 - 2021, USD Million
TABLE 56 Japan Parking Management Market, 2022 - 2028, USD Million
TABLE 57 Japan Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 58 Japan Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 59 Japan Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 60 Japan Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 61 Japan Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 62 Japan Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 63 Japan Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 64 Japan Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 65 Japan Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 66 Japan Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 67 India Parking Management Market, 2018 - 2021, USD Million
TABLE 68 India Parking Management Market, 2022 - 2028, USD Million
TABLE 69 India Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 70 India Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 71 India Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 India Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 India Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 74 India Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 75 India Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 76 India Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 77 India Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 78 India Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 79 South Korea Parking Management Market, 2018 - 2021, USD Million
TABLE 80 South Korea Parking Management Market, 2022 - 2028, USD Million
TABLE 81 South Korea Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 82 South Korea Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 83 South Korea Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 84 South Korea Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 85 South Korea Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 86 South Korea Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 87 South Korea Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 88 South Korea Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 89 South Korea Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 90 South Korea Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 91 Singapore Parking Management Market, 2018 - 2021, USD Million
TABLE 92 Singapore Parking Management Market, 2022 - 2028, USD Million
TABLE 93 Singapore Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 94 Singapore Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 95 Singapore Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 Singapore Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 Singapore Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 98 Singapore Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 99 Singapore Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 100 Singapore Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 101 Singapore Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 102 Singapore Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 103 Malaysia Parking Management Market, 2018 - 2021, USD Million
TABLE 104 Malaysia Parking Management Market, 2022 - 2028, USD Million
TABLE 105 Malaysia Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 106 Malaysia Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 107 Malaysia Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 108 Malaysia Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 109 Malaysia Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 110 Malaysia Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 111 Malaysia Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 112 Malaysia Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 113 Malaysia Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 114 Malaysia Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Parking Management Market, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Parking Management Market, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 125 Rest of Asia Pacific Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 126 Rest of Asia Pacific Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 127 Key Information – 3M Company
TABLE 128 Key information – IBM Corporation
TABLE 129 Key Information – Cubic Corporation
TABLE 130 Key Information – Siemens AG
TABLE 131 Key Information – Kapsch TrafficCom AG
TABLE 132 key information – Robert Bosch GmbH
TABLE 133 Key Information –Conduent, Incorporated
TABLE 134 Key Information – T2 Systems, Inc.
TABLE 135 Key Information – SWARCO AG
TABLE 136 Key Information – Amano Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company
FIG 3 Swot analysis: IBM Corporation
FIG 4 Swot analysis: Siemens AG
FIG 5 Swot analysis: Robert Bosch GmbH
FIG 6 Recent strategies and developments: SWARCO AG