How big is the Europe Smart Parking Market?

The Europe Smart Parking Market size is expected to reach USD 3.45 billion in 2024 and grow at a CAGR of 18.28% to reach USD 7.98 billion by 2029. Read More

What is the current Europe Smart Parking Market size?

In 2024, the Europe Smart Parking Market size is expected to reach USD 3.45 billion. Read More

Who are the key players in Europe Smart Parking Market?

Urbiotica, BMW I Ventures, Daimler Mobility, Flowbird SASU (Parkeon SA) and Q-Park are the major companies operating in the Europe Smart Parking Market. Read More

What years does this Europe Smart Parking Market cover, and what was the market size in 2023?

In 2023, the Europe Smart Parking Market size was estimated at USD 2.92 billion. The report covers the Europe Smart Parking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Smart Parking Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Smart Parking Market - Analysis, Share & Size

Europe Smart Parking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Smart Parking Market Report is Segmented by Type (Parking Operators, Parking Management Companies, Infrastructure Providers (Hardware & Software), P2P Parking Apps), and by Country (Germany, United Kingdom, France, Spain, the Netherlands, and rest of Europe). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Europe Smart Parking Industry Overview

The Europe Smart Parking Market is moderately fragmented, with many players accounting for significant amounts of shares in the market. Due to the high investment cost needed to enter the market, there is a high barrier to entry in the market. Some of the prominent companies in the smart parking market are Urbiotica, BMW I Ventures, Daimler Mobility, Flowbird SASU (Parkeon SA), Q-Park, and other players are making strategic partnerships, mergers, acquisitions, and investments to retain their market position.

In May 2022, Stellantis NV planned to acquire BMW AG and Mercedes-Benz AG's Share Now car-sharing operation. Stellantis NV's Free2Move app-based parking, leasing, and renting services have about two million customers. Share Now, which has over 3.4 million subscribers, offers so-called free-floating car-sharing services in 16 European cities.