The overall market growth potential of paid parking flap locks in Japan is "limited but with outstanding structural opportunities". The average annual sales growth rate is expected to be in the range of 8%-12% in the next five years. The core driving force comes from the following three points, and the ceiling is limited by population and infrastructure.
1. Policies open up the new volume of "road parking spaces"
• In April 2025, the new version of the "Parking Lot Law" will allow roadside parking spaces to use unmanned parking flap locks to replace traditional parking meters for the first time, which is expected to bring about the transformation demand of 60,000-80,000 parking spaces (currently there are about 540,000 roadside parking spaces, if the penetration rate reaches 10%-15%).
• Temporary supporting projects such as the Osaka World Expo and the redevelopment of Yokohama Port can contribute another 30,000-40,000 parking spaces in the next three years.
2. Charging piles become the "second curve"
• The Japanese government plans to increase the number of public fast charging piles from 30,000 to 150,000 by 2030, of which more than 30% are located in open ground parking lots; charging pile operators are installing tablet locks in batches to prevent "gasoline cars from occupying parking spaces", which is expected to bring 40,000 to 50,000 new demands, with a CAGR of about 18%.