Egypt Parking Meter Market Synopsis

The Egypt Parking Meter Market is projected to accomplish new heights of success in the years to come. Growing demand for smart city, growing requirement fir effective traffic management and increasing construction activities are driving this industry in the country.

According to 6Wresearch, the Egypt Parking Meter Market size is expected to grow during 2023-2029. The sector in the country has been growing effective since it is supported by many growth factors. Growing demand for smart city, growing requirement fir effective traffic management and increasing construction activities are driving this industry in the country. There are two kinds of parking meters available in the sector which include on-street meters and off-street meters. The government of the nation is investing in creating infrastructure for smart cities in the country which is effectively stimulating in the sector evolvement. This is resulting in the deployment of technological advancements like parking meters, which support in enhancing efficiency and reducing traffic congestion.

The growing requirement for effective traffic management in the country is another key factor giving boost to this market in the nation. With the rise in population and rise in vehicle ownership, there is a massive rise in traffic congestion in major cities of the country. Parking meters support in managing traffic effectively by reducing congestion and enhancing overall mobility. Rising constriction activities and projects in the nation are also stimulating the demand for parking meters in the country. The construction sector of the country is expanding rapidly owing to many government initiatives like infrastructure development programs and housing projects. This is leading to a rise in demand for parking meters from contractors and developers.

Rising number of vehicles and lack of parking space availability is also a factor which is supporting parking meter market in the country. The players in the industry are working to meet the needs of their consumer s which is stimulating the sector growth. This sector is one of the most evolving sectors in the country and it will gain great success in the near future. High installation cost is estimated to restraint the growth of this market in the country in the years to come. The Egypt Parking Meter Market share will grow more since the sector will overcome this restraint.

COVID-19 Impact on Egypt Parking Meter Market

During the toughest time, which was COVID-19 pandemic, numerous sectors across the world shut down. The governments across the world imposed restrictions on outside activities. Owing to the lockdown, people were not supposed to come out of their homes. The restrictions on many sectors reduced the need for parking in the country, which reduced the demand for parking meters. The pandemic had negative impact on the development of parking meter market in Egypt. The sector made great progress before the pandemic, but pandemic affected the development of this sector. The sector is now effectively growing in the market.

Market Analysis by Technology

Based on technology, the Parking Meter Market in Egypt is fragmented into Parking Meter (Single Space), and Parking Kiosks (Multi Space). In the market, the parking kiosks (Multi Space) segment is projected to hold the largest share in the years to come.

Market Analysis by Application

Based on application, the Egypt Parking Meter Industry is fragmented into Hospitals, Parks, Transit Systems, Malls & Stadiums, Others, and Government Institutions. In the industry, the park segment will boost the sector share.

Market Analysis by Parking Mode

Based on parking mode, the sector in Egypt is fragmented into Pay & Display, Plate, Space, and Others. Out of which, the pay & display segment is estimated to grow in the sector.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Parking Meter Market Outlook
• Market Size of Egypt Parking Meter Market, 2022
• Forecast of Egypt Parking Meter Market, 2029
• Historical Data and Forecast of Egypt Parking Meter Revenues & Volume for the Period 2019 - 2029
• Egypt Parking Meter Market Trend Evolution
• Egypt Parking Meter Market Drivers and Challenges
• Egypt Parking Meter Price Trends
• Egypt Parking Meter Porter's Five Forces
• Egypt Parking Meter Industry Life Cycle
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Government Institutions for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Hospitals for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Parks for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Transit Systems for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Parking Mode for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Pay & Display for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Plate for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Space for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Parking Meter Market Revenues & Volume By Others for the Period 2019 - 2029
• Egypt Parking Meter Import Export Trade Statistics
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Parking Mode
• Egypt Parking Meter Top Companies Market Share
• Egypt Parking Meter Competitive Benchmarking By Technical and Operational Parameters
• Egypt Parking Meter Company Profiles
• Egypt Parking Meter Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Technology

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

By Application

• Hospitals
• Parks
• Transit Systems
• Malls & Stadiums
• Government Institutions
• Others

By Parking Mode

• Pay & Display
• Plate
• Space
• Others

Frequently Asked Questions About the Market Study: FAQs

1. What is the forecast period of this report?

The forecast period of this report is 2023-2029.

2. What is the use of parking meters?

Parking meters are used to support in managing traffic effectively by reducing congestion and enhancing overall mobility.

3. Which factors are fueling the sector growth?

Growing demand for smart city, growing requirement fir effective traffic management and increasing construction activities are driving this industry in the country.

4. Which factor can limit the sector growth in the future?

High installation cost is estimated to restraint the growth of this market in the country in the years to come.

5. Which types of parking meters available in the industry?

There are two kinds of parking meters available in the sector which include on-street meters and off-street meters.