Bangladesh Parking Meter Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Technology (Parking Meter (Single Space), Parking Kiosks (Multi Space), Government Institutions), By Application (Hospitals, Parks, Transit Systems, Malls & Stadiums, Others), By Parking Mode (Pay & Display, Plate, Space, Others) And Competitive Landscape

Product Code: ETC433048	Publication Date: Nov 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Report Description
Related Topics

Bangladesh Parking Meter Market Synopsis

Bangladesh Parking Meter Market has been growing steadily over the past few years attributed to the rising number of vehicles on the roads and the need for efficient parking management. Moreover, the market is expected to continue its growth in the impending years with the government plans to improve infrastructure and upsurge investment in the transport sector. With the growing number of motorbikes and cars in major cities, coupled with the constantly shrinking space for parking, there is an increased need for parking meters.

According to 6Wresearch, Bangladesh Parking Meter Market is expected to grow during 2022-2028. The Asia Pacific Parking Meter Market is estimated to grow in the impending years primarily driven by the rising number of vehicles and the increase in demand for parking spaces. Additionally, the implementation of rigorous environmental regulations is another major factor fuelling the Bangladesh Parking Meter Market Growth during the forecast period. Moreover, the increasing adoption of advanced technologies such as smart meters and solar-powered meters are propelling the industry growth.

However, the high maintenance and high cost of installation hampering the market growth. Furthermore, the lack of awareness about parking meters in some regions restraining the Bangladesh Parking Meter Market size to expand.

Impact of COVID-19 on Bangladesh Parking Meter Market

The global pandemic had negatively impacted the Bangladesh Parking Meter Industry on the back of several restrictions imposed by the government on various industries. The lockdown measures forced everybody to stay at their homes and to avoid public places such as shopping malls, supermarkets, and others. Consequently, the usage of parking meters declined which has disrupted the production of these meters owing to the decrease in demand.

Competitive Landscape of Bangladesh Parking Meter Market

The market is currently dominated by a handful of players with the leading player accounting for a significant Bangladesh Parking Meter Market share. The Bangladesh Parking Meter Market is complex with a variety of stakeholders that must be considered when developing marketing and sales strategies. Most parking meters in Bangladesh are sold through distributors, who typically sell to end users such as property developers and car park operators. The competitive landscape is consolidated with a few new players. The key players in the market are focusing on intensifying their product portfolios and increasing their topographical reach to gain a larger share of the market. The market for parking meters is highly competitive with several local and international companies vying for market share.

Market analysis based on Application

Based on Application, market is bifurcated into Hospitals, Parks, Transit Systems, Malls & Stadiums, and Others. Each application segment is accounted to dominate the market share attributed to the surging need for parking meters in these places.

Market analysis based on Parking Mode

On the basis of Parking Mode, market is segmented into Pay & Display, Plate, Space, and Others. Each of the segment is widely used owing to their reliable features.

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

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