Tools commonly used in the Parking Meters (Wholesale) industry for day-to-day tasks and operations.

• Electronic parking meters
• Mechanical parking meters
• Payment kiosks
• Sensors
• Software for parking management systems
• Handheld ticket printers
• Coin and bill acceptors
• Credit card readers
• Wireless communication devices
• Parking enforcement vehicles

Common products and services typical of NAICS Code 423440-27, illustrating the main business activities and contributions to the market.

• Electronic parking meters for city streets
• Mechanical parking meters for parking lots
• Payment kiosks for parking garages
• Sensors for detecting vehicle occupancy in parking spaces
• Software for managing parking facilities
• Handheld ticket printers for parking enforcement officers
• Coin and bill acceptors for parking meters
• Credit card readers for payment kiosks
• Wireless communication devices for transmitting parking data
• Parking enforcement vehicles equipped with license plate recognition technology

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• UL Certification: UL Certification is a safety certification provided by Underwriters Laboratories, a global safety certification company. Parking meters need to be UL certified to ensure that they meet safety standards and are safe to use. UL certification ensures that the product has been tested and meets the safety standards set by UL.
• FCC Certification: The Federal Communications Commission (FCC) certification is required for electronic devices that emit radio frequency energy. Parking meters that use wireless communication require FCC certification to ensure that they meet the standards set by the FCC.
• NIST Certification: The National Institute of Standards and Technology (NIST) certification is required for devices that measure time and frequency. Parking meters that use timers require NIST certification to ensure that they are accurate and reliable.
• ISO 9001:2015 Certification: ISO 9001:2015 is a quality management system certification that ensures that a company's products and services meet customer and regulatory requirements. Parking meter manufacturers can obtain ISO 9001:2015 certification to ensure that their products meet quality standards.
• ADA Compliance: The Americans with Disabilities Act (ADA) requires that parking meters be accessible to people with disabilities. Parking meter manufacturers need to ensure that their products meet ADA requirements to ensure that they are accessible to everyone.

A concise historical narrative of NAICS Code 423440-27 covering global milestones and recent developments within the United States.

• The history of parking meters dates back to the early 20th century when the first parking meter was installed in Oklahoma City in 1935. The first parking meters were mechanical and required a coin to be inserted to activate the meter. In the 1950s, electronic parking meters were introduced, which allowed for more accurate timekeeping and easier maintenance. In the 1990s, the first solar-powered parking meters were developed, which reduced the need for electricity and made parking meters more environmentally friendly. In recent years, parking meters have become more advanced, with the introduction of mobile payment options and the integration of smart technology. In the United States, the parking meter industry has seen significant growth in recent years due to the increasing demand for parking in urban areas. The rise of ride-sharing services and the decline of car ownership in cities have also contributed to the growth of the parking meter industry. In addition, the COVID-19 pandemic has led to an increase in demand for contactless payment options, which has further accelerated the adoption of mobile payment technology in the parking meter industry. Overall, the parking meter industry has undergone significant changes over the years, and it continues to evolve to meet the needs of modern cities and consumers.

The anticipated future trajectory of the NAICS 423440-27 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Parking Meters (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for parking meters in urban areas. The growth of smart cities and the need for efficient parking management systems are also expected to drive the demand for parking meters. Additionally, the increasing adoption of cashless payment systems and the integration of parking meters with mobile applications are expected to boost the growth of the industry. However, the industry may face challenges due to the increasing popularity of ride-sharing services and the growing trend of remote work, which may reduce the demand for parking meters in some areas.

Recent groundbreaking advancements and milestones in the Parking Meters (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Smart Parking Meters: These parking meters are equipped with sensors that detect the presence of a vehicle and adjust the parking fee accordingly. They also provide real-time information on parking availability and can be integrated with mobile applications.
• Cashless Payment Systems: Many parking meters now accept cashless payments, such as credit cards and mobile payments, which provide convenience to users and reduce the need for cash handling by parking operators.
• Solar-Powered Parking Meters: These parking meters use solar panels to generate electricity, reducing the need for external power sources and lowering operating costs.
• Mobile Parking Applications: Many parking meters now offer mobile applications that allow users to find available parking spaces, pay for parking, and receive notifications when their parking time is about to expire.
• Integration with Smart City Systems: Parking meters can be integrated with smart city systems to provide real-time data on parking availability, traffic flow, and other information that can be used to improve urban planning and transportation management.