North America On Street Vehicle Parking Meter Market Growth Steady at 7.8% CAGR to Reach US$ 489.11 Mn by 2028: COVID-19 Impact and Global Analysis by Business Market Insights

North America On Street Vehicle Parking Meter Market is expected to grow from US$ 267.44 million in 2021 to US$ 489.11 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.

Business Market Insights North America On Street Vehicle Parking Meter Market report 2030, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The North America On Street Vehicle Parking Meter Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the North America On Street Vehicle Parking Meter Market is based on company profiles and their efforts on increasing product value and production.

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Some of the companies competing in the North America On Street Vehicle Parking Meter Market are:

• Duncan Solutions
• Flowbird
• IPS Group, Inc.
• J. MacKay Canada Limited (MacKay Meters)
• Metric Group Ltd.
• Meypar S.L.
• Parking BOXX Inc.
• Ventek International

North America On Street Vehicle Parking Meter Market Segmentation:

North America On Street Vehicle Parking Meter Market -By Type:

• Parking Meter (Single Space)
• Parking Kiosks (Multi Space)

North America On Street Vehicle Parking Meter Market -By Payment Type:

• Credit Card
• Bills
• Coins

North America On Street Vehicle Parking Meter Market – By Country:

• US
• Canada
• Mexico

The North America on street vehicle parking meter market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Lack of accessible parking and rising traffic congestions are creating demand for smart parking technology. Smart parking technology keeps evolving with digitalization in payment operations and parking meters advancements. The multi-space parking kiosks are grabbing significant attention in urban cities due to their convenience for payment methods. Governments and private place owners adopt multi-space parking kiosks to manage parking spaces efficiently and increase parking revenue. For instance, in 2019, Madison city’s parking division has completed the installation of 650 single-space smart meters by replacing the old on-street coin-only meters.

The final report will add the analysis of the Impact of Covid-19 in this report North America On Street Vehicle Parking Meter Market.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global North America On Street Vehicle Parking Meter Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the North America On Street Vehicle Parking Meter Market is analyzed and depicted in the report.

North America On Street Vehicle Parking Meter Market research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

The report scrutinizes different business approaches and frameworks that pave the way for success in businesses. The report used expert techniques for analyzing the North America On Street Vehicle Parking Meter Market; it also offers an examination of the global market. To make the report more potent and easy to understand, it consists of infographics and diagrams. Furthermore, it has different policies and development plans which are presented in summary. It analyzes the technical barriers, other issues, and cost-effectiveness affecting the market.

Reasons for buy this Report:

• Highlights key business priorities to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the North America On Street Vehicle Parking Meter market, thereby allowing players to develop effective long term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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