IndexBox forecasts average annual growth of 6.2% in the on-street parking meter market through 2035
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IndexBox forecasts that smart city upgrades and cashless payments will drive continued expansion of the global on-street parking meter market. Under the baseline scenario, the market is expected to grow at a compound annual rate of 6.2% from 2026 to 2035, reaching an index of 182 in 2035 (2025 = 100). North America and Europe will be driven mainly by the replacement of existing equipment, while emerging markets in Asia-Pacific and Latin America will be driven mainly by first-time deployments. Municipal budgets and the complexity of system integration are constraints.
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- IndexBox Industry Chain and Raw MaterialsOriginal ↗On-Street Parking Meter Market Forecast Through 2035: Smart City Upgrades and Cashless Payments Drive Growth
IndexBox forecasts that smart city upgrades and cashless payments will drive continued expansion of the global on-street parking meter market. Under the baseline scenario, the market is expected to grow at a compound annual rate of 6.2% from 2026 to 2035, reaching an index of 182 in 2035 (2025 = 100). North America and Europe will be driven mainly by the replacement of existing equipment, while emerging markets in Asia-Pacific and Latin America will be driven mainly by first-time deployments. Municipal budgets and the complexity of system integration are constraints.
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