| Product Code: ETC5407839 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Lithuania parking meter import market in 2024 continued to exhibit strong growth with a high Herfindahl-Hirschman Index (HHI) indicating concentration among top exporters such as Latvia, Poland, Czechia, China, and Germany. The impressive Compound Annual Growth Rate (CAGR) of 47.45% from 2020 to 2024 highlights the increasing demand for parking meters in Lithuania. The exceptional growth rate of 216.85% from 2023 to 2024 suggests a rapidly expanding market, presenting opportunities for both local businesses and international suppliers to capitalize on this trend.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Parking Meter Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Parking Meter Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Parking Meter Market - Industry Life Cycle |
3.4 Lithuania Parking Meter Market - Porter's Five Forces |
3.5 Lithuania Parking Meter Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Lithuania Parking Meter Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Lithuania Parking Meter Market Revenues & Volume Share, By Parking Mode, 2021 & 2031F |
4 Lithuania Parking Meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population density leading to higher demand for parking spaces. |
4.2.2 Government initiatives to improve parking infrastructure and enhance urban mobility. |
4.2.3 Growing adoption of digital payment methods and smart technologies in parking systems. |
4.3 Market Restraints |
4.3.1 Limited space availability for parking meters in densely populated urban areas. |
4.3.2 High initial investment and maintenance costs associated with installing parking meters. |
4.3.3 Competition from alternative transportation options such as ride-sharing services impacting parking meter usage. |
5 Lithuania Parking Meter Market Trends |
6 Lithuania Parking Meter Market Segmentations |
6.1 Lithuania Parking Meter Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Parking Meter Market Revenues & Volume, By Parking Meter (Single Space), 2021-2031F |
6.1.3 Lithuania Parking Meter Market Revenues & Volume, By Parking Kiosks (Multi Space), 2021-2031F |
6.1.4 Lithuania Parking Meter Market Revenues & Volume, By Government Institutions, 2021-2031F |
6.2 Lithuania Parking Meter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Parking Meter Market Revenues & Volume, By Hospitals, 2021-2031F |
6.2.3 Lithuania Parking Meter Market Revenues & Volume, By Parks, 2021-2031F |
6.2.4 Lithuania Parking Meter Market Revenues & Volume, By Transit Systems, 2021-2031F |
6.2.5 Lithuania Parking Meter Market Revenues & Volume, By Malls & Stadiums, 2021-2031F |
6.2.6 Lithuania Parking Meter Market Revenues & Volume, By Others, 2021-2031F |
6.3 Lithuania Parking Meter Market, By Parking Mode |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Parking Meter Market Revenues & Volume, By Pay & Display, 2021-2031F |
6.3.3 Lithuania Parking Meter Market Revenues & Volume, By Plate, 2021-2031F |
6.3.4 Lithuania Parking Meter Market Revenues & Volume, By Space, 2021-2031F |
6.3.5 Lithuania Parking Meter Market Revenues & Volume, By Others, 2021-2031F |
7 Lithuania Parking Meter Market Import-Export Trade Statistics |
7.1 Lithuania Parking Meter Market Export to Major Countries |
7.2 Lithuania Parking Meter Market Imports from Major Countries |
8 Lithuania Parking Meter Market Key Performance Indicators |
8.1 Average daily parking meter utilization rate. |
8.2 Percentage increase in revenue generated from parking meter transactions. |
8.3 Number of parking violations issued and collected fines. |
8.4 Customer satisfaction ratings for parking meter usability and convenience. |
8.5 Percentage of parking meter downtime due to maintenance issues. |
9 Lithuania Parking Meter Market - Opportunity Assessment |
9.1 Lithuania Parking Meter Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Lithuania Parking Meter Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Lithuania Parking Meter Market Opportunity Assessment, By Parking Mode, 2021 & 2031F |
10 Lithuania Parking Meter Market - Competitive Landscape |
10.1 Lithuania Parking Meter Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Parking Meter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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