Parking Management Market Size - By Component, By Parking Site, By End Use, By Technology, Analysis, Share, Growth Forecast, 2025 - 2034

The key players in the industry include ABM Industries, Amano, Bosch, Cubic, Flash Parking, Flowbird Group, Kapsch, Siemens, Skidata, and TIBA Parking Systems.

The U.S. market is projected to reach USD 2.5 billion by 2034, led by rapid urbanization, increased vehicle ownership, and the implementation of smart city initiatives.

The solutions segment held a 66.7% market share in 2024 and is expected to grow due to the adoption of advanced parking technologies like guidance systems, reservation platforms, and payment solutions, enhancing user convenience and operational efficiency.

The market size of parking management reached USD 3.8 billion in 2024 and is set to grow at an 11.7% CAGR from 2025 to 2034, driven by increasing urbanization and population density.