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.
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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
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Europe Parking Management Market -Company Profiles
- Amano Corporation.
- Flowbird Group
- GROUP Indigo
- PASSPORT LABS, INC.
- Robert Bosch GmbH
- Siemens AG
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
- Amano Corporation.
- Flowbird Group
- GROUP Indigo
- PASSPORT LABS, INC.
- Robert Bosch GmbH
- Siemens AG
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