PUBLISHER: Grand View Research | PRODUCT CODE: 1588722
PUBLISHER: Grand View Research | PRODUCT CODE: 1588722
U.S. Parking Management Market Size, Share & Trends Analysis Report By Component (Hardware, Solution), By Parking Type (On-street, Off-street), By Application (Transportation Facilities, Shopping Complex), And Segment Forecasts, 2025 - 2030
U.S. Parking Management Market Trends:
The U.S. parking management market size was valued at USD 5.20 billion in 2024 and is projected to grow at a CAGR of 20.4% from 2025 to 2030. The increasing application of parking management to reduce traffic congestion and greenhouse gas emissions drives the growth of the market. According to the World Health Organization (WHO), the transportation sector is one of the leading sources of greenhouse gas emissions and, thus, one of the top contributors to global air pollution. According to the United States Environmental Protection Agency, road transportation is the largest source of Greenhouse Gas (GHG) emissions in the U.S., contributing 24% of total emissions in 2022. This includes emissions from cars and trucks.
In March 2024, the U.S. Environmental Protection Agency (EPA) issued new pollution standards for passenger vehicles for model years 2027-2032. These regulations aim to reduce fleetwide emissions from light and medium-duty vehicles by 52% by 2032 compared to 2026 levels. The initiative is expected to accelerate the adoption of Electric Vehicles (EVs), significantly cut carbon emissions, and improve air quality. The move builds on the momentum from the Inflation Reduction Act, which has boosted EV sales and manufacturing across the U.S.
Parking management helps reduce greenhouse gas emissions from vehicles by reducing the mobility and congestion of vehicles in search of parking spaces. In the U.S., an average driver spends around 17 hours a year looking for a parking space. This is one of the leading causes of traffic congestion in urban areas and leads to the wastage of scarce resources and time. With strategically designed parking systems, sensors, cameras, and RFIDs, drivers can get information related to available parking spots, the current location of parked vehicles, and the purchase and payment of digital parking tickets, among others. Parking systems also use real-time information offered by sensors to constantly update a centralized parking management system and showcase digital signages, directions, and a list of spaces available in a parking facility. This helps ensure that drivers get access to easy, timely, and safe parking facilities.
Moreover, the increasing adoption of connected and smart technologies in parking management fuels the growth of the market. Programs aimed at sustainable urban development and advances and innovations in mobility and connectivity aimed at improving efficiency, safety, and sustainability in urban areas are leading to the integration of advanced technologies in physical infrastructure across the world. Smart parking management, including parking guidance, parking space monitoring, and booking management, helps users secure a parking space before reaching their destination. This not only ensures a guaranteed parking space but also reduces the time and energy required to search for a parking spot. Similarly, contactless payments, integration with navigation apps, and license plate recognition solutions can help enhance the experience for commuters.
Open-source transport applications, including the parking management systems deployed in the U.S. in Boston and New York, are helping drivers gain real-time parking updates, including nearby parking facilities, navigation and routes, spot availability, and reservation and pre-booking services. These systems help build a low-cost digital infrastructure and transform urban mobility in a short period. Data analytics solutions have already been used in different countries to analyze the citizens' travel needs and behavioral patterns to identify and manage traffic congestion.
Technological advancements, such as IoT, AI, and cloud computing, are transforming parking management systems by enabling real-time data analysis, predictive capabilities, and automation. IoT sensors can detect available spaces and send instant updates to drivers, reducing the time spent searching for parking. AI-powered analytics predict parking demand, helping optimize space utilization. Cloud-based platforms offer centralized control, allowing cities and businesses to manage parking operations remotely. These technologies improve efficiency, enhance user experience, and reduce costs, attracting both businesses and municipalities to adopt smart parking solutions. Smart solutions for transport infrastructure are emerging as the primary means for fostering urban mobility and are expected to drive the parking management market over the forecast period.
U.S. Parking Management Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. parking management market report based on component, parking type, and application.
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Pucks (Wireless Sensors)
- Cameras & LPRs
- Smart Meters
- Smart Signage
- Smart Parking Gates
- Others
- Solution
- License Plate Recognition
- Security & Surveillance
- Real-time Pricing Management
- Parking Reservation
- Payment Collection
- People Counting & Space Management
- Others
- Service
- Valet Parking Services
- Pick And Drop Services
- Carpooling
- Others
- Parking Type Outlook (Revenue, USD Million, 2018 - 2030)
- On-street
- Off-street
- Garage Parking
- Lot Parking
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Transportation Facilities
- Shopping Complex
- Corporate Offices
- Educational Institutes
- Healthcare Facilities
- Government And Municipal
- Residential Buildings
- Stadiums & Recreational Centers
- Hospitality
- Others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Parking Management Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. U.S. Parking Management Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Parking Management Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. Parking Management Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Pucks (Wireless Sensors)
- 4.3.2.1. Pucks (Wireless Sensors) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Cameras & LPRs
- 4.3.3.1. Cameras & LPRs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Smart Meters
- 4.3.4.1. Smart Meters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Smart Signage
- 4.3.5.1. Smart Signage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Smart Parking Gates
- 4.3.6.1. Smart Parking Gates Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Others
- 4.3.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Solution
- 4.4.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. License Plate Recognition
- 4.4.2.1. License Plate Recognition Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Security & Surveillance
- 4.4.3.1. Security & Surveillance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Real-time Pricing Management
- 4.4.4.1. Real-time Pricing Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Parking Reservation
- 4.4.5.1. Parking Reservation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.6. Payment Collection
- 4.4.6.1. Payment Collection Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.7. People Counting & Space Management
- 4.4.7.1. People Counting & Space Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.8. Others
- 4.4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Service
- 4.5.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Valet Parking Services
- 4.5.2.1. Valet Parking Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Pick and Drop Services
- 4.5.3.1. Pick and Drop Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Carpooling
- 4.5.4.1. Carpooling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.5. Others
- 4.5.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. U.S. Parking Management Market: Parking Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. Parking Management Market: Parking Type Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. On-street
- 5.3.1. On-street Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Off-street
- 5.4.1. Off-street Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Garage Parking
- 5.4.2.1. Garage Parking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Lot Parking
- 5.4.3.1. Lot Parking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. U.S. Parking Management Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. U.S. Parking Management Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Transportation Facilities
- 6.3.1. Transportation Facilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Shopping Complex
- 6.4.1. Shopping Complex Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Corporate Offices
- 6.5.1. Corporate Offices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Educational Institutes
- 6.6.1. Educational Institutes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Healthcare Facilities
- 6.7.1. Healthcare Facilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Government and Municipal
- 6.8.1. Government and Municipal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Residential Buildings
- 6.9.1. Residential Buildings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.10. Stadiums & Recreational Centers
- 6.10.1. Stadiums & Recreational Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.11. Hospitality
- 6.11.1. Hospitality Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.12. Others
- 6.12.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. ABM INDUSTRIES INCORPORATED
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. ACE Parking
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. AirGarage
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Agile Parking Solutions Private Limited
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. FAAC SPA Soc
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. GROUP Indigo
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. LAZ Parking
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. Parking Systems
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Propark Mobility
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Reimagined Parking Inc.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. Smart Parking
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. SP Plus Corporation
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. The Car Park Holdings, LLC
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Product Benchmarking
- 7.4.13.4. Strategic Initiatives
- 7.4.14. FlashParking
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Product Benchmarking
- 7.4.14.4. Strategic Initiatives
- 7.4.15. Westfalia Parking
- 7.4.15.1. Participant's Overview
- 7.4.15.2. Financial Performance
- 7.4.15.3. Product Benchmarking
- 7.4.15.4. Strategic Initiatives
- 7.4.1. ABM INDUSTRIES INCORPORATED
List of Tables
- Table 1 U.S. parking management market size estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 U.S. parking management market, by component, 2018 - 2030 (USD Million)
- Table 3 U.S. parking management market, by parking type, 2018 - 2030 (USD Million)
- Table 4 U.S. parking management market, by application, 2018 - 2030 (USD Million)
- Table 5 Hardware market,, 2018 - 2030 (USD Million)
- Table 6 Pucks (wireless sensors) market, 2018 - 2030 (USD Million)
- Table 7 Cameras & LPRs market, 2018 - 2030 (USD Million)
- Table 8 Smart meters market, 2018 - 2030 (USD Million)
- Table 9 Smart signage market, 2018 - 2030 (USD Million)
- Table 10 Smart parking gates market, 2018 - 2030 (USD Million)
- Table 11 Others market,, 2018 - 2030 (USD Million)
- Table 12 Solution market,, 2018 - 2030 (USD Million)
- Table 13 License plate recognition market, 2018 - 2030 (USD Million)
- Table 14 Security & surveillance market, 2018 - 2030 (USD Million)
- Table 15 Real-time pricing management market,, 2018 - 2030 (USD Million)
- Table 16 Parking reservation market, 2018 - 2030 (USD Million)
- Table 17 Payment collection market, 2018 - 2030 (USD Million)
- Table 18 People counting & space management market, 2018 - 2030 (USD Million)
- Table 19 Others market, 2018 - 2030 (USD Million)
- Table 20 Service market, 2018 - 2030 (USD Million)
- Table 21 Valet Parking Services market, 2018 - 2030 (USD Million)
- Table 22 Pick and Drop Services market, 2018 - 2030 (USD Million)
- Table 23 Carpooling market, 2018 - 2030 (USD Million)
- Table 24 Others market, 2018 - 2030 (USD Million)
- Table 25 On-street market, 2018 - 2030 (USD Million)
- Table 26 Off-street insurance market, 2018 - 2030 (USD Million)
- Table 27 Garage parking market, 2018 - 2030 (USD Million)
- Table 28 Lot parking insurance market, 2018 - 2030 (USD Million)
- Table 29 Transportation facilities parking management market, 2018 - 2030 (USD Million)
- Table 30 Shopping complex parking management market, 2018 - 2030 (USD Million)
- Table 31 Corporate offices parking management market, 2018 - 2030 (USD Million)
- Table 32 Educational institutes parking management market, 2018 - 2030 (USD Million)
- Table 33 Healthcare facilities parking management market, 2018 - 2030 (USD Million)
- Table 34 Government and municipal parking management market, 2018 - 2030 (USD Million)
- Table 35 Residential buildings parking management market, 2018 - 2030 (USD Million)
- Table 36 Stadiums & recreational centers parking management market, 2018 - 2030 (USD Million)
- Table 37 Hospitality parking management market, 2018 - 2030 (USD Million)
- Table 38 Others parking management market, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. parking management market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 U.S. parking management market snapshot
- Fig. 10 U.S. parking management market segment snapshot
- Fig. 11 U.S. parking management market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 U.S. parking management market, component outlook key takeaways (USD million)
- Fig. 16 U.S. parking management market component movement analysis, 2024 & 2030 (USD Million)
- Fig. 17 Hardware market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Pucks (wireless sensors) market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Cameras & LPRs market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Smart meters market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Smart signage market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Smart parking gates market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Solution market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 License plate recognition market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Security & surveillance market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Real-time pricing management market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Parking reservation market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Payment collection market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 30 People counting & space management market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Service market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Valet parking services market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Pick and drop services market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Carpooling market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 37 U.S. parking management market: Parking type outlook key takeaways (USD million)
- Fig. 38 U.S. parking management market: Parking type movement analysis, 2024 & 2030 (USD Million)
- Fig. 39 On-street market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Off-street market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Garage parking market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Lot parking market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 43 U.S. parking management market: Application outlook key takeaways (USD million)
- Fig. 44 U.S. parking management market: Application movement analysis2024 & 2030 (USD Million)
- Fig. 45 Transportation facilities market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Shopping complex market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Corporate offices market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Educational institutes market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Healthcare facilities market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 50 Government and municipal market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Residential buildings market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 52 Stadiums & recreational centers market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Hospitality market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 55 Strategy framework
- Fig. 56 Company Categorization
