Europe Parking Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Parking Site (On-street and Off-street), Solutions (Parking Guidance Systems, Parking Reservation, Parking Security & Surveillance, and Others), Services (Professional and Managed), and Deployment (On-premise and Cloud)

Market Introduction

The strong presence of European Parking Association (EPA) and European Automotive Manufacturer’s Association (ACEA) has facilitated the early adoption of effective parking management solution across its different European countries. Moreover, the availability of strong economic background of European nations, especially in the western region, along with high disposable income, has attributed resulted in a large number of registered vehicles per household capita among European countries. Thus, the increase in the number of registered vehicles, coupled with the limited availability of parking space, has resulted in the adoption of effective parking management policies across the European Union and other European countries. Moreover, the continuous surge in the number of the registered vehicles has boosted the demand for efficient parking management practices, especially among urban and metro cities among in Germany, Russia, France, the UK, Spain, Italy, and Netherlands, among other European countries. Currently, the leading end- users of parking management solutions are airports, bus stations, commercial complexes, residential buildings, malls, governments & and municipal corporations, universities, and restaurants, and hospitals, among other locations. The European parking management market is heavily dominated by the developed economies in the western region such as the UK, Germany, Netherlands, France, Spain, Sweden, and Norway among other countries. Moreover, the countries present in the western region consists of major players in each country with substantial market share as well as experience in the industry providing significant market competition to the other market players. Increase in adoption of smart technologies in parking management is the major factor driving the growth of the Europe parking management market.

The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as more extended lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare system. To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. For instance, during the COVID pandemic, The Belgian Parking Federation (FBS), which collaborated with companies that are operating on- and off-street parking lots in Belgium, is very concerned about the crisis caused by the coronavirus in the country. It fully supports the measures taken at the various levels of power to decrease the spread of the coronavirus. Therefore, the overcrowding of public transport (PT) stations and vehicles signifies a high-level risk of contamination; hence governments and local authorities employed restriction measures to limit the use of parking spaces. The main priority has been to guarantee the safety and protection of staff and infrastructures.

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Market Overview and Dynamics

The parking management market in Europe is expected to grow from US$ 12,289.94 million in 2021 to US$ 15,997.10 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Smart parking systems require the congruence among its core hardware devices and software applications. Currently, there are hundreds of companies providing equipment or services to the intelligent parking industry, making it uncertain to the extent at which software and hardware standards are shared across distinct equipment vendors coupled with the blends of equipment years that makes the existing facility unpredictable quite often. All hardware devices need to be compatible with all software services. Thus, the organizations working on smart parking systems need to combine and develop a standard, thereby eliminating compatibility issues and in turn eliminating a barrier in the development of the smart parking systems market to a great extent.

Key Market Segments

The Europe parking management market is segmented on basis of various parameters such as parking sites, solutions, services, deployment type, and country. The different types of parking sites include on-street parking and off-street parking. The off-street segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. On basis of solutions, the Europe parking management market is categorized as parking guidance solutions, parking reservation solution, parking security & surveillance solutions and others. The others segment dominated the market in 2020 and parking guidance solutions segment is expected to be the fastest growing during the forecast period. The services segment in parking management market is bifurcated as professional service and managed service. The managed services segment dominated the market in 2020 and professional service segment is expected to be the fastest growing during the forecast period. On-premises deployment and cloud-based deployment are the two types of deployment type segments. The on-premises deployment segment dominated the market in 2020 and cloud based deployment segment is expected to be the fastest growing during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the parking management market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amano Corporation.; Flowbird Group; GROUP Indigo; PASSPORT LABS, INC.; Robert Bosch GmbH; and Siemens AG are among others.

Reasons to buy report

To understand the Europe parking management market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe parking management market
Efficiently plan M&A and partnership deals in Europe parking management market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe parking management market
Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Parking Management Market Segmentation

Europe Parking Management Market -By Parking Site

On-street
Off-street

Europe Parking Management Market -By Solution

Parking Guidance
Parking Reservation
Parking Security & Surveillance
Others

Europe Parking Management Market -By Services

Managed Service
Professional Service

Europe Parking Management Market -By Deployment Type

On-premises
Cloud

Europe Parking Management Market -By Country

Europe Parking Management Market -Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Parking Management Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Parking Management Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Significant Rise in Number of Vehicles on Road

5.1.2 Increase in Adoption of Smart Technologies in Parking Management

5.2 Market Restraints

5.2.1 Limited Knowledge among the Consumers in Developing Countries

5.3 Market Opportunities

5.3.1 Accentuating Development of Contactless Parking System

5.3.2 Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas

5.4 Future Trends

5.4.1 Simplification of Technologies and Reduction in Cost of the Systems

5.5 Impact Analysis of Drivers and Restraints

6. Parking Management Market – Europe Analysis

6.1 Europe Parking Management Market Overview

6.2 Europe Parking Management Market –Revenue and Forecast to 2028 (US$ Million)

7. Europe Parking Management Market Analysis – by Parking Site

7.1 Overview

7.2 Europe Parking Management Market Breakdown, By Parking Site, 2020 & 2028

7.3 On-Street Parking Management Market

7.3.1 Overview

7.3.2 On-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

7.4 Off-Street Parking Management Market

7.4.1 Overview

7.4.2 Off-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

8. Europe Parking Management Market Revenue and Forecasts to 2028 – Solutions

8.1 Overview

8.2 Europe Parking Management Market Breakdown, By Solution, 2020 & 2028

8.3 Parking Guidance Solution Market

8.3.1 Overview

8.3.2 Parking Guidance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

8.4 Parking Reservation Solution Market

8.4.1 Overview

8.4.2 Parking Reservation Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

8.5 Parking Security & Surveillance Solution Market

8.5.1 Overview

8.5.2 Parking Security & Surveillance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

8.6 Others market

8.6.1 Overview

8.6.2 Others: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe Parking Management Market Revenue and Forecasts to 2028 – Services

9.1 Overview

9.2 Europe Parking Management Market Breakdown, By Services, 2020 & 2028

9.3 Managed Services Market

9.3.1 Overview

9.3.2 Managed Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

9.4 Professional Services Market

9.4.1 Overview

9.4.2 Professional Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

10. Parking Management Market Revenue and Forecasts To 2028 – Deployment Type

10.1 Overview

10.2 Europe Parking Management Market Breakdown, By Deployment Type, 2020 & 2028

10.3 On-Premises

10.3.1 Overview

10.3.2 On-Premises Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

10.4 Cloud

10.4.1 Overview

10.4.2 Cloud Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

11. Europe Parking Management Market – Country Analysis

11.1 Overview

11.1.1 Europe: Parking Management Market- by Key Country

11.1.1.1 Germany: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 Germany: Parking Management Market- by Parking Site

11.1.1.1.2 Germany: Parking Management Market- By Solution

11.1.1.1.3 Germany: Parking Management Market- By Services

11.1.1.1.4 Germany: Parking Management Market- By Deployment Type

11.1.1.2 France: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 France: Parking Management Market- by Parking Site

11.1.1.2.2 France: Parking Management Market- By Solution

11.1.1.2.3 France: Parking Management Market- By Services

11.1.1.2.4 France: Parking Management Market- By Deployment Type

11.1.1.3 Italy: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 Italy: Parking Management Market- by Parking Site

11.1.1.3.2 Italy: Parking Management Market- By Solution

11.1.1.3.3 Italy: Parking Management Market- By Services

11.1.1.3.4 Italy: Parking Management Market- By Deployment Type

11.1.1.4 UK: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1 UK: Parking Management Market- by Parking Site

11.1.1.4.2 UK: Parking Management Market- By Solution

11.1.1.4.3 UK: Parking Management Market- By Services

11.1.1.4.4 UK: Parking Management Market- By Deployment Type

11.1.1.5 Russia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.5.1 Russia: Parking Management Market- by Parking Site

11.1.1.5.2 Russia: Parking Management Market- By Solution

11.1.1.5.3 Russia: Parking Management Market- By Services

11.1.1.5.4 Russia: Parking Management Market- By Deployment Type

11.1.1.6 Rest of Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.6.1 Rest of Europe: Parking Management Market- by Parking Site

11.1.1.6.2 Rest of Europe: Parking Management Market- By Solution

11.1.1.6.3 Rest of Europe: Parking Management Market- By Services

11.1.1.6.4 Rest of Europe: Parking Management Market- By Deployment Type

12. Europe Parking Management Market- COVID-19 Impact Analysis

12.1 Overview

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

14. Company Profiles

14.1 Flowbird Group

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 PASSPORT LABS, INC.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 GROUP Indigo

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Amano Corporation.

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Robert Bosch GmbH

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Siemens AG

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. Europe Parking Management Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. Germany: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 3. Germany: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 4. Germany: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 5. Germany: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 6. France: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 7. France: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 8. France: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 9. France: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. Italy: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 11. Italy: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 12. Italy: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 13. Italy: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 14. UK: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 15. UK: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 16. UK: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 17. UK: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 18. Russia: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 19. Russia: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 20. Russia: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 21. Russia: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of Europe: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)

Table 23. Rest of Europe: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)

Table 26. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Parking Management Market Segmentation

Figure 2. Europe Parking Management Market Segmentation – By Country

Figure 3. Europe Parking Management Market Overview

Figure 4. Off-Street Segment Held the Largest Market Share in 2020

Figure 5. Other Held the Largest Market Share in 2020

Figure 6. Managed Services Held the Largest Market Share in 2020

Figure 7. Rest of Europe was the Largest Revenue Contributor in 2020

Figure 8. Europe – PEST Analysis

Figure 9. Expert Opinion

Figure 10. Europe Parking Management Market Impact Analysis of Drivers and Restraints

Figure 11. Europe Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Europe Parking Management Market Breakdown, By Parking Site, 2020 & 2028 (%)

Figure 13. Europe On-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 14. Off-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 15. Europe Parking management Market Breakdown, By Solution, 2020 & 2028 (%)

Figure 16. Europe Parking Guidance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 17. Europe Parking Reservation Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 18. Europe Parking Security & Surveillance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 19. Europe Others: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 20. Europe Parking Management Market Breakdown, By Services, 2020 & 2028 (%)

Figure 21. Europe Managed Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 22. Europe Professional Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 23. Europe Parking Management Market Breakdown, By Deployment Type, 2020 & 2028 (%)

Figure 24. Europe On-Premises Deployment Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 25. Europe Cloud Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)

Figure 26. Europe: Parking Management Market, By Key Country-2020 (US$ Million)

Figure 27. Europe: Parking Management Market Revenue Share, By Key Country (2020 & 2028)

Figure 28. Germany: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. France: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Italy: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. UK: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Russia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Rest of Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets

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