Africa Parking Meter Market Synopsis

The Africa Parking Meter Market is estimated to grow at a faster pace in the next five years. The market has been growing more effectively across the continent and there are many factors behind the smooth growth of this market. The market is likely to see more growth in the years to come.

According to 6Wresearch, the Africa Parking Meter Market size is expected to grow during 2022-2028. The market has been growing more effectively across the continent and there are many factors behind the smooth growth of this market. The market is likely to see more growth in the years to come. The increasing popularity of e-commerce and growing demand for parking spots in the region are two major factors stimulating the market growth. The market is likely to account for the highest share in the near future since it is growing in an efficient manner. The growing consumer spending rates and high population density are also stimulating the growth of this sector. Growing number of vehicles across the continent and growing parking needs are fueling the market growth at a rapid pace. There is an increasing demand for smart parking system which facilitate better traffic navigation and management. The key players in the market play an essential role in the growth of this sector since they invest heavily in order to develop products that can fulfil the needs of their consumer industries. However, the sector is dealing with many challenges that include limited awareness regarding the advantages of using parking meter, high installation prices and lack of trust among the motorists for the fairness and accuracy of these meters. The Africa Parking Meter Market share will increase since the Parking Meters in Africa are getting popular.

COVID-19 Impact on Africa Parking Meter Market

The pandemic significantly affected the growth of Africa Parking Meter Market since owing to the lockdown people were staying at their homes, which in turn, deducted the demand for parking meters market in Africa. The meters are used for parking and during the pandemic there was huge restrictions on parking. This disrupted the development of this market in the continent. There was a massive reduction in demand for parking meters during the coronavirus pandemic which declined the growth of this sector. There is no denying the market faced severe challenges, but it is now progressing at a rapid pace in the market.

Market Analysis by Countries

Based on nations, the Parking Meter Market in Africa can be divided into Kenya, Nigeria, South Africa, and Rest Of Africa. Since there is a growing number of people purchase vehicles and need parking facilities, this is stimulating the growth of this sector in all these African nations.

Market Analysis by Technology

Based on technology, the Africa Parking Meter Industry can be segmented into Parking Kiosks (Multi Space) and Parking Meter (Single Space). Out of which, in the sector, the parking kiosks segment is growing. This segment will dominate the market in the years to come.

Market Analysis by Application

Based on application, the sector is segmented into Parks, Hospitals, Government Institutions, Malls & Stadiums, Transit Systems and Others. Out of which, the park segment is anticipated to boost the evolvement of this sector in the years to come.

Market Analysis by Parking Mode

On the basis of parking mode, the market is divided into Pay & Display, Plate, Space, and Others. Out of which, the Pay & Display segment is anticipated to dominate this sector in the near future.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Africa Parking Meter Market Outlook
• Market Size of Africa Parking Meter Market, 2021
• Forecast of Africa Parking Meter Market, 2028
• Historical Data and Forecast of Africa Parking Meter Revenues & Volume for the Period 2018 - 2028
• Africa Parking Meter Market Trend Evolution
• Africa Parking Meter Market Drivers and Challenges
• Africa Parking Meter Price Trends
• Africa Parking Meter Porter's Five Forces
• Africa Parking Meter Industry Life Cycle
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Technology for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Government Institutions for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Technology for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Government Institutions for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Technology for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Government Institutions for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Technology for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Government Institutions for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Technology for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Government Institutions for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Hospitals for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Parks for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Transit Systems for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Hospitals for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Parks for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Transit Systems for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Hospitals for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Parks for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Transit Systems for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Hospitals for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Parks for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Transit Systems for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Hospitals for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Parks for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Transit Systems for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Parking Mode for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Pay & Display for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Plate for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Space for the Period 2018 - 2028
• Historical Data and Forecast of Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Parking Mode for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Pay & Display for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Plate for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Space for the Period 2018 - 2028
• Historical Data and Forecast of South Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Parking Mode for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Pay & Display for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Plate for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Space for the Period 2018 - 2028
• Historical Data and Forecast of Nigeria Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Parking Mode for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Pay & Display for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Plate for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Space for the Period 2018 - 2028
• Historical Data and Forecast of Kenya Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Parking Mode for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Pay & Display for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Plate for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Space for the Period 2018 - 2028
• Historical Data and Forecast of Rest of Africa Parking Meter Market Revenues & Volume By Others for the Period 2018 - 2028
• Africa Parking Meter Market - Key Performance Indicators
• Africa Parking Meter Market - Import Export Trade Statistics
• Africa Parking Meter Market - Opportunity Assessment By Countries
• Africa Parking Meter Market - Opportunity Assessment By Technology
• Africa Parking Meter Market - Opportunity Assessment By Application
• Africa Parking Meter Market - Opportunity Assessment By Parking Mode
• Africa Parking Meter Market - Top Companies Market Share
• Africa Parking Meter Market - Top Companies Profiles
• Africa Parking Meter Market - Comparison of Players in Technical and Operating Parameters
• Africa Parking Meter Market - Strategic Recommendations

Market Covered

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

By Countries

• South Africa
• Nigeria
• Kenya
• Rest Of Africa

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 2022-2028.

2. What were the impacts of pandemic on this industry?

The pandemic significantly affected the growth of Africa Parking Meter Market since owing to the lockdown people were staying at their homes, which in turn, deducted the demand for parking meters market in Africa. The meters are used for parking and during the pandemic there was huge restrictions on parking. This disrupted the development of this market in the continent.

3. Which factors are driving this industry?

The increasing popularity of e-commerce and growing demand for parking spots in the region are two major factors stimulating the market growth.

4. Which factors are challenging the sector growth?

The sector is dealing with many challenges that include limited awareness regarding the advantages of using parking meter, high installation prices and lack of trust among the motorists for the fairness and accuracy of these meters.