| Product Code: ETC8154053 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives saw a significant increase in multispace parking meter import shipments in 2024, with top exporting countries being Singapore, China, UK, Czechia, and India. The market remained relatively diversified with low concentration levels measured by the Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 36.5% from 2020 to 2024 indicates a thriving market, further supported by a robust growth rate of 35.61% from 2023 to 2024. The consistent growth and diverse sources of imports suggest a strong demand for multispace parking meters in the Maldives.

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 Maldives Multispace Parking Meter Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Multispace Parking Meter Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Multispace Parking Meter Market - Industry Life Cycle |
3.4 Maldives Multispace Parking Meter Market - Porter's Five Forces |
3.5 Maldives Multispace Parking Meter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Multispace Parking Meter Market Revenues & Volume Share, By Payment Mode, 2021 & 2031F |
3.7 Maldives Multispace Parking Meter Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Maldives Multispace Parking Meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth leading to higher demand for parking solutions in Maldives. |
4.2.2 Government initiatives to improve urban infrastructure and promote smart city projects. |
4.2.3 Growing awareness about the benefits of multispace parking meters in optimizing parking space utilization. |
4.3 Market Restraints |
4.3.1 High initial investment costs for installing multispace parking meters. |
4.3.2 Lack of skilled workforce for maintenance and operation of multispace parking meters. |
4.3.3 Potential resistance from traditional parking operators or stakeholders. |
5 Maldives Multispace Parking Meter Market Trends |
6 Maldives Multispace Parking Meter Market, By Types |
6.1 Maldives Multispace Parking Meter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Multispace Parking Meter Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Maldives Multispace Parking Meter Market Revenues & Volume, By On-street Multispace Meters, 2021- 2031F |
6.1.4 Maldives Multispace Parking Meter Market Revenues & Volume, By Off-street Multispce Meters, 2021- 2031F |
6.2 Maldives Multispace Parking Meter Market, By Payment Mode |
6.2.1 Overview and Analysis |
6.2.2 Maldives Multispace Parking Meter Market Revenues & Volume, By Cash, 2021- 2031F |
6.2.3 Maldives Multispace Parking Meter Market Revenues & Volume, By Payment Cards, 2021- 2031F |
6.2.4 Maldives Multispace Parking Meter Market Revenues & Volume, By Mobile Payment, 2021- 2031F |
6.3 Maldives Multispace Parking Meter Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Maldives Multispace Parking Meter Market Revenues & Volume, By Government Institutions, 2021- 2031F |
6.3.3 Maldives Multispace Parking Meter Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.4 Maldives Multispace Parking Meter Market Revenues & Volume, By Parks, 2021- 2031F |
6.3.5 Maldives Multispace Parking Meter Market Revenues & Volume, By Transit systems, 2021- 2031F |
6.3.6 Maldives Multispace Parking Meter Market Revenues & Volume, By Malls and Stadiums, 2021- 2031F |
6.3.7 Maldives Multispace Parking Meter Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Multispace Parking Meter Market Import-Export Trade Statistics |
7.1 Maldives Multispace Parking Meter Market Export to Major Countries |
7.2 Maldives Multispace Parking Meter Market Imports from Major Countries |
8 Maldives Multispace Parking Meter Market Key Performance Indicators |
8.1 Average occupancy rate of parking spaces equipped with multispace parking meters. |
8.2 Percentage increase in revenue generated from multispace parking meters annually. |
8.3 Number of new multispace parking meter installations in key urban areas of Maldives. |
9 Maldives Multispace Parking Meter Market - Opportunity Assessment |
9.1 Maldives Multispace Parking Meter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Multispace Parking Meter Market Opportunity Assessment, By Payment Mode, 2021 & 2031F |
9.3 Maldives Multispace Parking Meter Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Maldives Multispace Parking Meter Market - Competitive Landscape |
10.1 Maldives Multispace Parking Meter Market Revenue Share, By Companies, 2024 |
10.2 Maldives Multispace 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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