HOME Top Market Reports Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), Vertical, & by Region - Global Forecast to 2020

Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), Vertical, & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: TC 3830

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The parking reservation system market report is segmented on the basis of type, solution, industry vertical, and geography. This market is estimated to grow from USD 579.6 Million in 2015 to USD 1,665.3 Million by 2020, at a CAGR of 23.5% from 2015 to 2020.

Increase in population and vehicles have evolved the need for more parking slots in different regions, such as North America and Europe. Traffic problems arise mainly from cars searching for vacant spaces, which accounted for 40% of the total traffic. In order to overcome traffic problems, parking reservation systems have been introduced in the market. These systems allow drivers to effectively find parking slots and reserve vacant parking spaces.

Parking reservation systems are already being implemented in sectors, such as transportation transits, retail, government & municipalities, and many others. The mobile applications of parking reservation systems are growing at a faster rate. It involves the use of GPS, GSM, and smart phone technologies through which parking slots can be reserved easily and effectively. The increasing adoption of smartphones has enabled access to travel time, speed data, and origin destination information. The advent of smartphones that support mobile-based parking reservation applications has offered potential growth prospects for cloud-based service providers, technology vendors, and system integrators. Thus, technological advancements have created ample growth opportunities in the field of parking reservation.

The parking reservation system market showcases a significant growth rate of 15% to 17% from 2015 to 2020, owing to increasing traffic congestion and upcoming smart city projects, especially in Europe and Asia-Pacific. Parking reservation systems in North America and Europe are in the growth phase, whereas there is a high adoption of parking reservation systems in Asia-Pacific and the Middle East & Africa.

In 2014, the global market was dominated by VINCI Park. VINCI Park dominated the market by introducing innovative services in the market. The company is also focusing on expanding its presence in Asian and American markets.

Target Audience:

  • Fleet Owners
  • Parking Facility Providers
  • Government Organizations
  • Fleet Drivers
  • Electronic Payment Providers
  • Network and System Integrators
  • Hardware Vendors
  • Software Vendors

Scope of the Report

The report gives detailed analysis on global trends and forecasts, competitive landscape, and analysis on VC funding and mergers & acquisitions, related to parking reservation system market. The market research report categorizes the global market on the basis of types, solutions, verticals and regions. It also forecast revenues and analyses trends in each of the submarkets.

  • Global Market Size and Forecast, By Vertical
    • Transportation Transits
    • Retail
    • Government & Municipalities
    • Hospitality
    • Recreation
    • Other Verticals
  • Global Market Size and Forecast, By Solutions
    • Web-based Application
    • Mobile-based Application
    • Voice Call-based Application
  • Global Market Size and Forecast, By Type
    • Off-street
    • Valet Parking
    • Manual Parking
    • Automated Parking
    • On-street
    • Valet Parking
    • Manual Parking
  • Global Market Size and Forecast, By Region
    • North America (NA)
    • Europe
    • Asia-Pacific (APAC)
    • Middle East and Africa (MEA)
    • Latin America (LA)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the Company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the Asia-Pacific market into South Korea, Australia, New Zealand, and others
  • Further breakdown of the North American market into U.S. and others

Company Information

  • Detailed analysis and profiling of additional market players (Upto 5).

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Secondary Data
    2.2 Primary Data
           2.2.1 Key Data From Primary Sources
           2.2.2 Key Industry Insights
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Market Opportunities in Parking Reservation System Market
    4.2 Market, By Verticals (2015 vs 2020)
    4.3 Global Market, Top Three Verticals and Regions (2015)
    4.4 Market Potential
    4.5 Market, By Solution
    4.6 Global Market, By Type (2015 vs 2020)
    4.7 Lifecycle Analysis, By Region, 2015

5 Parking Reservation System Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Solution
           5.3.3 By Vertical
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Real-Time Information With Guidance
                    5.4.1.2 Smart City Projects
                    5.4.1.3 Increase in Number of Vehicles
           5.4.2 Restraints
                    5.4.2.1 Slow Adoption Rate
           5.4.3 Opportunities
                    5.4.3.1 Technological Advancements
                    5.4.3.2 Future Outlook
           5.4.4 Challenges
                    5.4.4.1 Security Issues

6 Parking Reservation System Market: Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking

7 Parking Reservation System Market Analysis, By Type (Page No. - 41)
    7.1 Introduction
           7.1.1 On-Street Parking
           7.1.2 Off-Street Parking
                    7.1.2.1 On-Street Valet Parking
                    7.1.2.2 On-Street Manual Parking
                    7.1.2.3 Off-Street Valet Parking
                    7.1.2.4 Off-Street Manual Parking
                    7.1.2.5 Off-Street Automated Parking

8 Parking Reservation System Market Analysis, By Solution (Page No. - 49)
    8.1 Introduction
    8.2 Web-Based Solution 
    8.3 Mobile Application-Based Solution
    8.4 Voice Call-Based Solution

9 Parking Reservation System Market Analysis, By Vertical (Page No. - 55)
    9.1 Introduction
    9.2 Transportation & Transits
    9.3 Retail
    9.4 Government & Municipalities
    9.5 Hospitality
    9.6 Recreation
    9.7 Others

10 Geographic Analysis (Page No. - 64)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 82)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 New Product Developments
             11.2.2 Agreements, Partnerships, and Collaborations
             11.2.3 Mergers and Acquisitions
             11.2.4 Joint Ventures

12 Company Profiles (Page No. - 89)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Vinci Park
     12.2 Standard Parking Corporation
     12.3 Streetline
     12.4 Q-Park
     12.5 National Car Parks
     12.6 Justpark
     12.7 Parkme
     12.8 APCOA
     12.9 LAZ Parking
     12.10 ACE Parking

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 114)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Related Reports


List of Tables (65 Tables)

Table 1 Global Parking Reservation System Market Size and Growth Rate, 2013-2020 (USD Million & Y-O-Y %)
Table 2 Parking Reservation System: Key Drivers
Table 3 Parking Reservation System: Key Restraints
Table 4 Parking Reservation System: Key Opportunities
Table 5 Parking Reservation System: Key Challenges
Table 6 Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 7 On-Street Parking: Market Size, By Type, 2013-2020 (USD Million)
Table 8 Off-Street Parking: Market Size, By Type, 2013-2020 (USD Million)
Table 9 On-Street Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 10 Off-Street Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 11 On-Street Valet Parking: Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 12 On-Street Manual Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 13 Off-Street Valet Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 14 Off-Street Manual Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 15 Off-Street Automated Parking: Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 16 Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 17 Web-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 18 Web-Based Solution: Market Size, By Vertical, 2013-2020 (USD Million)
Table 19 Mobile Application-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 20 Mobile Application-Based Solution: Market Size, By Vertical, 2013-2020 (USD Million)
Table 21 Voice Call-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 22 Voice Call-Based Solution: Market Size, By Vertical, 2013-2020 (USD Million)
Table 23 Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 24 Transportation & Transits: Market Size, By Region, 2013-2020 (USD Million)
Table 25 Transportation & Transits: Market Size, By Solution, 2013-2020 (USD Million)
Table 26 Retail: Market Size, By Region, 2013-2020 (USD Million)
Table 27 Retail: Market Size, By Solution, 2013-2020 (USD Million)
Table 28 Government & Municipalities: Market Size, By Region, 2013-2020 (USD Million)
Table 29 Government & Municipalities: Market Size, By Solution, 2013-2020 (USD Million)
Table 30 Hospitality: Market Size, By Region, 2013-2020 (USD Million)
Table 31 Hospitality: Market Size, By Solution, 2013-2020 (USD Million)
Table 32 Recreation: Market Size, By Region, 2013-2020 (USD Million)
Table 33 Recreation: Market Size, By Solution, 2013-2020 (USD Million)
Table 34 Others: Market Size, By Region, 2013-2020 (USD Million)
Table 35 Others: Market Size, By Solution, 2013-2020 (USD Million)
Table 36 Market Size, By Region, 2013-2020 (USD Million)
Table 37 North America: Market Size, By Type, 2013-2020 (USD Million)
Table 38 North America: On-Street Market Size, By Type, 2013-2020 (USD Million)
Table 39 North America: Off-Street Market Size, By Type, 2013-2020 (USD Million)
Table 40 North America: Market Size, By Solution, 2013-2020 (USD Million)
Table 41 North America: System Market Size, By Vertical, 2013-2020 (USD Million)
Table 42 Europe: Market Size, By Type, 2013-2020 (USD Million)
Table 43 Europe: On-Street Market Size, By Type, 2013-2020 (USD Million)
Table 44 Europe: Off-Street Market Size, By Type, 2013-2020 (USD Million)
Table 45 Europe: Market Size, By Solution, 2013-2020 (USD Million)
Table 46 Europe: Market Size, By Vertical, 2013-2020 (USD Million
Table 47 Asia-Pacific: Market Size, By Type, 2013-2020 (USD Million)
Table 48 Asia-Pacific: On-Street Market Size, By Type, 2013-2020 (USD Million)
Table 49 Asia-Pacific: Off-Street Market Size, By Type, 2013-2020 (USD Million)
Table 50 Asia-Pacific: Market Size, By Solution, 2013-2020 (USD Million)
Table 51 Asia-Pacific: Market Size, By Vertical, 2013-2020 (USD Million)
Table 52 Middle East & Africa: Market Size, By Type, 2013-2020 (USD ’000 Thousands)
Table 53 Middle East & Africa: On-Street Market Size, By Type, 2013-2020 (USD ’000 Thousands)
Table 54 Middle East & Africa: Off-Street Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 55 Middle East & Africa: Market Size, By Solution, 2013-2020 (USD ’000 Thousand)
Table 56 Middle East & Africa: Market Size, By Vertical, 2013-2020 (USD ’000 Thousand)
Table 57 Latin America: Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 58 Latin America: On-Street Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 59 Latin America: Off-Street Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 60 Latin America: Market Size, By Solution, 2013-2020 (USD ’000 Thousand)
Table 61 Latin America: Market Size, By Vertical, 2013-2020 (USD ’000 Thousand)
Table 62 New Product Developments, 2013–2015
Table 63 Agreements, Partnerships, and Collaborations, 2012–2014
Table 64 Mergers and Acquisitions, 2010–2015
Table 65 Joint Ventures, 2014


List of Figures (40 Figures)

Figure 1 Global Parking Reservation System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Approach
Figure 5 Transportation & Transits is Expected to Dominate the Parking Reservation Systems Market During the Forecast Period
Figure 6 Mobile Application Based Parking is Expected to Lead the Parking Reservation System Market By 2020
Figure 7 Asia-Pacific is Expected to Be the Fastest-Growing Region During the Forecast Period
Figure 8 Increasing Demand for Real-Time Information System and Growing Traffic Congestion Would Drive Growth in the Parking Reservation System Market
Figure 9 Recreation is the Fastest Growing Industry Segment in Market
Figure 10 North America Holds the Maximum Share in the in 2015
Figure 11 Asia-Pacific is Expected to Register the Highest Growth Potential During the Forecast Period
Figure 12 Web-Based Parking Reservation is Expected to Dominate the Market in 2015
Figure 13 Off-Street Parking Will Continue to Dominate the Parking Reservation System Market for the Next Five Years
Figure 14 Regional Lifecycle – Middle East & Africa is Penetrating Into Growth Phase From Introduction Phase
Figure 15 Parking Reservation System: Market Evolution
Figure 16 Market Segmentation: By Type
Figure 17 Market Segmentation: By Solution
Figure 18 Market Segmentation: By Vertical
Figure 19 Market Segmentation: By Region
Figure 20 Market: Drivers, Restraints, Opportunities and Challenges
Figure 21 Value Chain Analysis
Figure 22 Strategic Benchmarking
Figure 23 Off-Street Parking is Expected to Be the Leading Type Segment in 2015
Figure 24 Web-Based Solution is Expected to Be the Leading Solution in 2015
Figure 25 Recreation is the Fastest-Growing Vertical Segment in the Parking Reservation System Market
Figure 26 Asia-Pacific Will Exhibit the Highest Growth Rate in the Market
Figure 27 Regional Snapshot (2015-2020): Asia-Pacific is an Attractive Destination for the Global Market
Figure 28 North America Market Snapshot: Web-Based Solution is Expected to Contribute the Maximum Value in 2015
Figure 29 Asia-Pacific Market Snapshot: Transportation & Transits Segment is Expected to Gain Traction By 2020
Figure 30 Companies Adopted Partnership, Agreement, and Collaboration as Key Growth Strategies Between 2012 and 2015
Figure 31 Standard Parking Corporation Generated the Highest Revenue in 2014
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Agreements, Partnerships, and Collaborations Were the Key Strategies
Figure 34 Standard Parking Corporation: Company Snapshot
Figure 35 Standard Parking Corporation: SWOT Analysis
Figure 36 Q-Park: Company Snapshot
Figure 37 National Car Parks: SWOT Analysis
Figure 38 APCOA SWOT Analysis
Figure 39 LAZ Parking SWOT Analysis
Figure 40 ACE Parking SWOT Analysis

Traffic congestion is one of the biggest challenges faced worldwide due to limited parking spaces. Growing global population and the resultant increase in the number of vehicles on road are among the key factors responsible for traffic congestion. Owing to the necessity of organized parking and reduction in traffic congestion, the concept of parking reservation systems has been introduced. The system allows drivers to obtain parking availability information in certain areas and, accordingly, decide the parking destination.

The rising need for real-time parking availability information, upcoming smart city projects, and increasing number of vehicles are some of the major factors driving the global parking reservation system market. With numerous upcoming smart city projects, nearly one million parking spaces are expected to be established by 2020. Parking reservation is directly connected to smart parking systems, which gives accurate vehicle occupancy in real-time. It guides visitors and residents to available parking spaces. It also simplifies the parking experience and gives value addition for parking system stakeholders, such as merchants and drivers.

The global market research report covers two major types of parking. They are off-street parking and on-street parking. Off-street parking is further segmented into valet parking, automated parking, and manual parking. Similarly, on-street parking includes valet parking and manual parking. The market has also been segmented on the basis of solutions, which include mobile application based parking, voice call based parking, and web based parking.

The global parking reservation system market is expected to grow from USD 579.6 Million in 2015 to USD 1,665.3 Million by 2020, at a CAGR of 23.5% from 2015 to 2020. The table given below highlights the global market forecast from 2015 to 2020.

Parking Reservation System Market

Partnerships and agreements are the key strategies followed by the companies offering parking reservation system solutions to grow in the market. These strategies accounted for 45% of the total strategic developments in the parking reservation system market. Companies such as VINCI Park, Streetline, Q-Park, and Standard Parking Corporation have adopted these strategies to serve reputed clients across the globe and mark their presence in their respective regional markets.

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