The Europe Parking Management Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Smart parking information systems, automatic parking, smart parking payment systems, and parking reservation systems are some of the smart technologies that are rapidly expanding in the current parking management system. In addition to these technologies, drivers and vehicle owners are demanding more protection and safety for their parked cars, which is driving up the cost of parking surveillance systems and opening up a sizable market for parking management businesses to expand into overtime.
Parking Management uses mechanical parking, a smart parking system, rules, policies, and initiatives to create more space to accommodate extra automobiles. Parking management contributes to the creation of more walkable regions by offering more integrated construction and buildings situated near sidewalks and roadways. Incorporating design elements like landscaping and shade that lower stormwater flow, water contamination, and solar gain can help with parking management by reducing the total roadway space. Management decisions can also expand non-drivers' travel options, reduce the need for parking subsidies, give low-income households financial savings, and make housing more affordable.
Germany is well-known and esteemed throughout for its impressive engineering capabilities and motor industry. German cars stand for highly coveted qualities like creativity, reliability, safety, and elegance throughout from Asia to the Americas. By far the biggest manufacturing and distribution market in Europe is Germany. Due to its world-class research and development centers, substantial value chain integration, and highly qualified workforce, the nation stands at the forefront of the automotive industry. As a result, Germany is the unofficial and European center for the automobile industry.
The growth of Europe's economy depends on the automotive sector. 13.8 million Europeans are directly and indirectly employed by the automotive sector, which accounts for 6.1 percent of all employment in the EU. 2.6 million people work directly in the automotive industry, making up 8.5% of all jobs in manufacturing in the EU. The EU is one of the leading manufacturers of automobiles, as well as the automotive sector, is the largest private investor in R&D. To enhance the viability of the EU automotive sector and keep it at the forefront of technology, the European Commission promotes technical concord and funds R&D.
The Germany market dominated the Europe Parking Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $497.9 million by 2028. The UK market is estimated to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The France market would witness a CAGR of 11% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Parking Management Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Parking Management Market, 2018 - 2021, USD Million
TABLE 2 Europe Parking Management Market, 2022 - 2028, USD Million
TABLE 3 Europe Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 4 Europe Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 5 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Europe Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Europe Revenue Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Revenue Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Parking Reservation Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Parking Reservation Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Access Control Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Access Control Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Security & Surveillance Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Security & Surveillance Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Valet Parking Management & Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Valet Parking Management & Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 22 Europe Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 23 Europe Government Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Government Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Transport Transit Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Transport Transit Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 30 Europe Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 31 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 36 Europe Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 37 Europe Off-Street Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Off-Street Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe On-Street Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe On-Street Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Parking Management Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Parking Management Market by Country, 2022 - 2028, USD Million
TABLE 43 Germany Parking Management Market, 2018 - 2021, USD Million
TABLE 44 Germany Parking Management Market, 2022 - 2028, USD Million
TABLE 45 Germany Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 46 Germany Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 47 Germany Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 48 Germany Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 49 Germany Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 50 Germany Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 51 Germany Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 52 Germany Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 53 Germany Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 54 Germany Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 55 UK Parking Management Market, 2018 - 2021, USD Million
TABLE 56 UK Parking Management Market, 2022 - 2028, USD Million
TABLE 57 UK Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 58 UK Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 59 UK Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 60 UK Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 61 UK Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 62 UK Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 63 UK Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 64 UK Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 65 UK Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 66 UK Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 67 France Parking Management Market, 2018 - 2021, USD Million
TABLE 68 France Parking Management Market, 2022 - 2028, USD Million
TABLE 69 France Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 70 France Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 71 France Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 France Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 France Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 74 France Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 75 France Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 76 France Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 77 France Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 78 France Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 79 Russia Parking Management Market, 2018 - 2021, USD Million
TABLE 80 Russia Parking Management Market, 2022 - 2028, USD Million
TABLE 81 Russia Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 82 Russia Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 83 Russia Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 84 Russia Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 85 Russia Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 86 Russia Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 87 Russia Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 88 Russia Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 89 Russia Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 90 Russia Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 91 Spain Parking Management Market, 2018 - 2021, USD Million
TABLE 92 Spain Parking Management Market, 2022 - 2028, USD Million
TABLE 93 Spain Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 94 Spain Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 95 Spain Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 Spain Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 Spain Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 98 Spain Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 99 Spain Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 100 Spain Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 101 Spain Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 102 Spain Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 103 Italy Parking Management Market, 2018 - 2021, USD Million
TABLE 104 Italy Parking Management Market, 2022 - 2028, USD Million
TABLE 105 Italy Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 106 Italy Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 107 Italy Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 108 Italy Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 109 Italy Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 110 Italy Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 111 Italy Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 112 Italy Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 113 Italy Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 114 Italy Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 115 Rest of Europe Parking Management Market, 2018 - 2021, USD Million
TABLE 116 Rest of Europe Parking Management Market, 2022 - 2028, USD Million
TABLE 117 Rest of Europe Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 118 Rest of Europe Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 119 Rest of Europe Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 120 Rest of Europe Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 121 Rest of Europe Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of Europe Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of Europe Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 124 Rest of Europe Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 125 Rest of Europe Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 126 Rest of Europe 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