Europe Parking Sensors Market Size & Outlook, 2023-2030
The parking sensors market in Europe is expected to reach a projected revenue of US$ 7,668.1 million by 2030. A compound annual growth rate of 13.7% is expected of Europe parking sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,128.7
Forecast, 2030 (US$M)
$7,668.1
CAGR, 2024 - 2030
13.7%
Report Coverage
Europe
Europe parking sensors market, 2018-2030 (US$M)
Europe parking sensors market highlights
- The Europe parking sensors market generated a revenue of USD 3,128.7 million in 2023.
- The market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
- In terms of segment, ultrasonic was the largest revenue generating technology in 2023.
- Ultrasonic is the most lucrative technology segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 3,128.7 million |
| Market revenue in 2030 | USD 7,668.1 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasonic |
| Fastest growing segment | Ultrasonic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasonic |
| Key market players worldwide | Deutsche Bank AG, Nippon Express Holdings Inc, FedEx Corp, RXO Inc, XPO Inc, Ryder Systems, Mitsubishi Corp, C.H. Robinson Worldwide Inc, Americold Realty Trust Inc, Lineage Logistics, Kuehne + Nagel International AG, Newcold |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.5% of the global parking sensors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,344.6 million by 2030.
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Parking Sensors Market Scope
Parking sensors market segmentation & scope
Installation
OEM
Aftermarket
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Parking Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe parking sensors market
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