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Smart Parking Meter Market Size, Trends, Analysis, and Outlook by Type (Single Space Meters, Multi-Space Meters), Parking Mode (Pay & Display, Plate, Space, Others), Application (Government Institutions, Medical Institutions, Malls & Stadiums, Transit Systems, Residential, Others), by Country, Segment, and Companies, 2024-2030

April 2024 | 207 pages | ID: S159283B592AEN
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The global Passenger Vehicle Motor market size is poised to register 6.39% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Passenger Vehicle Motor market by Type (Brushed DC Motors, Brushless DC Motor, AC Induction Motor), Application (Electronic Power Steering, Seating Control, Electric Vehicles Drivetrain), Vehicle (Passenger Cars, Electric Vehicles), Sales Channel (OEMs, Aftermarket).
The Passenger Vehicle Motor Market is poised for significant transformation until 2030, driven by pivotal trends and drivers. As automotive manufacturers shift toward electrification to meet stringent emissions regulations and address environmental concerns, there's a growing demand for electric motors in passenger vehicles. Technological advancements such as advancements in battery technology, improved motor efficiency, and the development of advanced electric drivetrains are reshaping the motor market, offering consumers greater range, performance, and efficiency in electric vehicles (EVs). In addition, government incentives and mandates aimed at promoting electric vehicle adoption are accelerating the transition toward electrification, driving investment and innovation in motor technology. Further, the rise of autonomous driving and connected vehicles is fueling demand for high-performance motors capable of supporting advanced driver assistance systems (ADAS) and autonomous driving features. Furthermore, as consumer preferences evolve toward sustainable transportation options, there's a growing interest in eco-friendly materials and energy-efficient designs in motor manufacturing. To excel in this dynamic market, motor manufacturers must continue to innovate, collaborate with automakers, and adapt to changing regulatory landscapes to meet the evolving needs of the Passenger Vehicle Motor Market in the coming decade..

Passenger Vehicle Motor Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Passenger Vehicle Motor market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Passenger Vehicle Motor survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Passenger Vehicle Motor industry.

Key market trends defining the global Passenger Vehicle Motor demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Passenger Vehicle Motor Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Passenger Vehicle Motor industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Passenger Vehicle Motor companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Passenger Vehicle Motor industry
Leading Passenger Vehicle Motor companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Passenger Vehicle Motor companies.

Passenger Vehicle Motor Market Study- Strategic Analysis Review
The Passenger Vehicle Motor market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Passenger Vehicle Motor Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Passenger Vehicle Motor industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Passenger Vehicle Motor Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Passenger Vehicle Motor Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Passenger Vehicle Motor market segments. Similarly, Strong end-user demand is encouraging Canadian Passenger Vehicle Motor companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Passenger Vehicle Motor market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Passenger Vehicle Motor Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Passenger Vehicle Motor industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Passenger Vehicle Motor market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Passenger Vehicle Motor Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Passenger Vehicle Motor in Asia Pacific. In particular, China, India, and South East Asian Passenger Vehicle Motor markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Passenger Vehicle Motor Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Passenger Vehicle Motor Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Passenger Vehicle Motor market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Passenger Vehicle Motor.

Passenger Vehicle Motor Market Company Profiles
The global Passenger Vehicle Motor market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Borgwarner Inc, Continental AG, Denso Corp, Johnson Electric Holdings Ltd, Magna International, Mahle Group, Mitsuba Corp, Mitsubishi Electric Corp, Nidec Corp, Robert Bosch GmbH, Siemens AG.

Recent Passenger Vehicle Motor Market Developments
The global Passenger Vehicle Motor market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Passenger Vehicle Motor Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
Pricing Analysis
Value Chain Analysis
SWOT Profile
Market Dynamics- Trends, Drivers, Challenges
Porter’s Five Forces Analysis
Macroeconomic Impact Analysis
Case Scenarios- Low, Base, High

Market Segmentation:
Type
Brushed DC Motors
Brushless DC Motor
AC Induction Motor
Application
Electronic Power Steering
Seating Control
Electric Vehicles Drivetrain
Vehicle
Passenger Cars
Electric Vehicles
Sales Channel
OEMs
Aftermarket

Geographical Segmentation:
North America (3 markets)
Europe (6 markets)
Asia Pacific (6 markets)
Latin America (3 markets)
Middle East Africa (5 markets)

Companies
Borgwarner Inc
Continental AG
Denso Corp
Johnson Electric Holdings Ltd
Magna International
Mahle Group
Mitsuba Corp
Mitsubishi Electric Corp
Nidec Corp
Robert Bosch GmbH
Siemens AG.
Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Smart Parking Meter Market Overview and Key Findings, 2024
1.2 Smart Parking Meter Market Size and Growth Outlook, 2021- 2030
1.3 Smart Parking Meter Market Growth Opportunities to 2030
1.4 Key Smart Parking Meter Market Trends and Challenges
  1.4.1 Smart Parking Meter Market Drivers and Trends
  1.4.2 Smart Parking Meter Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Smart Parking Meter Companies

2. SMART PARKING METER MARKET SIZE OUTLOOK TO 2030

2.1 Smart Parking Meter Market Size Outlook, USD Million, 2021- 2030
2.2 Smart Parking Meter Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. SMART PARKING METER MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. SMART PARKING METER MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
Type
Single Space Meters
Multi-Space Meters
Parking Mode
Pay & Display
Plate
Space
Others
Application
Government Institutions
Medical Institutions
Malls & Stadiums
Transit Systems
Residential
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Smart Parking Meter Market, 2025
5.2 Asia Pacific Smart Parking Meter Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Smart Parking Meter Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Smart Parking Meter Market, 2025
5.5 Europe Smart Parking Meter Market Size Outlook by Type, 2021- 2030
5.6 Europe Smart Parking Meter Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Smart Parking Meter Market, 2025
5.8 North America Smart Parking Meter Market Size Outlook by Type, 2021- 2030
5.9 North America Smart Parking Meter Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Smart Parking Meter Market, 2025
5.11 South America Pacific Smart Parking Meter Market Size Outlook by Type, 2021- 2030
5.12 South America Smart Parking Meter Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Smart Parking Meter Market, 2025
5.14 Middle East Africa Smart Parking Meter Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Smart Parking Meter Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Smart Parking Meter Market Size Outlook and Revenue Growth Forecasts
6.2 US Smart Parking Meter Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Smart Parking Meter Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Smart Parking Meter Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Smart Parking Meter Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Smart Parking Meter Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Smart Parking Meter Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Smart Parking Meter Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Smart Parking Meter Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Smart Parking Meter Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Smart Parking Meter Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Smart Parking Meter Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Smart Parking Meter Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Smart Parking Meter Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Smart Parking Meter Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Smart Parking Meter Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Smart Parking Meter Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Smart Parking Meter Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Smart Parking Meter Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Smart Parking Meter Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Smart Parking Meter Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Smart Parking Meter Industry Drivers and Opportunities

7. SMART PARKING METER MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. SMART PARKING METER COMPANY PROFILES

8.1 Profiles of Leading Smart Parking Meter Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Aisin Seiki
Cale Access AB
CivicSmart Inc
Continental AG
Hoeft & Wessel AG
J.J. MacKay Canada Ltd
LocoMobi Inc
Parkeon S.A.S.
Robert Bosch GmbH
Siemens AG
Ventek International
Worldwide Parking Inc

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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