Market Forecast By Offering (Solutions, Services), By Parking Site (Off-street Parking, On-street Parking), By Deployment Type (Cloud, On-premises) And Competitive Landscape
Product Code: ETC4433050 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The UK Parking Management Market witnessed growth during past years owing to a rise in urban population from 83.4% in 2019 to 84.2% in 2022 supported by affordable housing initiatives such as the Help to Buy scheme, Affordable Homes Programme, and new First Homes scheme. As a result, there has been a rise in the number of urban residents in 2022, thus resulting in increased spending to improve their lifestyle resulting in an increased number of cars in the country. For Instance, In 2021, there were 32.88 million cars in the country which increased to 33.18 million within a span of a year. Additionally, the need for parking management has expanded from residential apartments, airports to office buildings, agency headquarters, hotels, shopping centres and schools etc. bolstering the reach of parking management in the country.
According to 6Wresearch, The UK Parking Management Market revenue is projected to grow at a CAGR of 5.5% from 2023-2029. The UK government's efforts to enhance housing affordability, targeting a rise in households from 23.2 million in 2018 to 26.9 million in 2043 at an annual average increase of approximately 150,000 households, are anticipated to contribute to an increased demand for parking management systems in the nation. Moreover, during our study, it has been recorded that Central London is proving to be a highly attractive location for the construction of commercial buildings like offices and shopping complexes. Presently, the region holds a significant share, encompassing around 83% of the ongoing projects in the commercial sector and office construction. These measures and developments are expected to support Parking Management applications across various residential, commercial and industrial projects in the country, thus bolstering the market for green construction materials in the country. These factors are stimulating the UK Parking Management Market Growth.
Parking management solutions have garnered the highest revenue share in the overall parking management market in the UK. This dominance is attributed to the efficacy of technological solutions, including smart meters, mobile apps, and sensors, streamlining operations and enhancing user experience. The increasing adoption of advanced parking technologies underscores the pivotal role of solutions in optimizing revenue generation within the UK's parking management landscape.
On-street parking site revenues in the overall UK parking management industry are expected to grow in the coming years driven by increasing urbanization, rising demand for convenient parking solutions, and ongoing city infrastructure developments.
Cloud-based parking management solutions acquired the major revenue share in the UK's overall parking management market. Leveraging the flexibility, scalability, and accessibility provided by cloud technology, these solutions optimize operational efficiency, and thus, have been implemented in real-estate projects. The shift towards cloud-based platforms reflects the industry's commitment to innovative and technologically advanced parking management systems.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. United Kingdom Parking Management Market Overview |
3.1 United Kingdom Parking Management Market Revenues, 2019-2029F |
3.2 United Kingdom Parking Management Market-Industry Life Cycle |
3.3 United Kingdom Parking Management Market-Porter’s Five Forces |
4. United Kingdom Parking Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Restraints |
5. United Kingdom Parking Management Market Trends & Evolution |
6. United Kingdom Parking Management Market Overview, By Offering |
6.1 United Kingdom Parking Management Market Revenue Share and Revenues, By Offering, 2022 & 2029F |
6.1.1 United Kingdom Parking Management Market Revenues, By Solutions, 2019-2029F |
6.1.2 United Kingdom Parking Management Market Revenues, By Services , 2019-2029F |
7. United Kingdom Parking Management Market, By Parking Site |
7.1 United Kingdom Parking Management Market Revenue Share and Revenues, By Parking Site, 2022 & 2029F |
7.1.1 United Kingdom Parking Management Market Revenues, By On Street Parking, 2019-2029F |
7.1.2 United Kingdom Parking Management Market Revenues, By Off-Street Parking, 2019-2029F |
8. United Kingdom Parking Management Market, By Deployment Type |
8.1 United Kingdom Parking Management Market Revenue Share and Revenues, By Deployment Type, 2022 & 2029F |
8.1.1 United Kingdom Parking Management Market Revenues, By Cloud, 2019-2029F |
8.1.2 United Kingdom Parking Management Market Revenues, By On Premises, 2019-2029F |
9. United Kingdom Parking Management Market Key Performance Indicators |
10. United Kingdom Parking Management Market Opportunity Assessment |
10.1 United Kingdom Parking Management Market Revenues, By Offering, 2029F |
10.2 United Kingdom Parking Management Market Revenues, By Parking Site, 2029F |
10.3 United Kingdom Parking Management Market Revenues, By Deployment Type, 2029F |
11. United Kingdom Parking Management Market Competitive Landscape |
11.1 United Kingdom Parking Management Market Revenue Share, By Companies, 2022 |
11.2 United Kingdom Parking Management Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 National Car Park Limited |
12.2 JustPark Parking Limited |
12.3 APCOA PARKING Holdings GmbH |
12.4 Q-Park B.V. |
12.5 SKIDATA GmbH. |
12.6 Robert Bosch Ltd. |
12.7 Euro Car Parks Ltd. |
12.8 Smart Parking Ltd. |
13. Key Strategic Recommendation |
14. Disclaimer |
List of Figures |
1. United Kingdom Parking Management Market Revenues, 2019-2029F ($ Million) |
2. United Kingdom Urban Population, 2017-2023E (%) |
3. Cumulative Number Of Plug-in Cars Registered In The United Kingdom, 2019-October’2023 |
4. United Kingdom Parking Management Market Revenue Share, By Offering, 2022 & 2029F |
5. United Kingdom Parking Management Market Revenue Share, By Parking Site, 2022 & 2029F |
6. United Kingdom Parking Management Market Revenue Share, By Deployment Type, 2022 & 2029F |
7. Number of Cars in United Kingdom, (In Million) 2019-2022 |
8. United Kingdom Office Space Under Construction, By Cities, Q4 2022, (in Sq ft.) |
9. United Kingdom Parking Management Market Opportunity Assessment, By Offering, 2029F |
10. United Kingdom Parking Management Market Opportunity Assessment, By Parking Site, 2029F |
11. United Kingdom Parking Management Market Opportunity Assessment, By Deployment Type, 2029F |
12. United Kingdom Parking Management Market Revenue Ranking, By Companies, 2022 |
List of Tables |
1. United Kingdom Parking Management Market Revenues, By Offering, 2019-2029F ($ Million) |
2. United Kingdom Parking Management Market Revenues, By Parking Site, 2019-2029F ($ Million) |
3. United Kingdom Parking Management Market Revenues, By Deployment Type, 2019-2029F ($ Million) |
4. List of Upcoming Residential Projects in United Kingdom |
5. London Upcoming Developments Across Sector |