Parking Meter Market Size, Share, Trends Analysis 2025-33

The global parking meter market size reached USD 5.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.92% during 2025-2033. The increasing number of vehicles and traffic congestion, favorable government initiatives, and continuous product innovation represent some of the key factors driving the market growth.

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