As we all know, since the shared bicycle marked the entry into the era of the sharing economy in 2015, this year marks the fourth year of the development of the sharing economy. Over these four years of the sharing economy, numerous shared projects have emerged in the market. Among them, the shared parking solution is one of the many shared projects.

According to information, the shared parking space solution emerged as early as 2017, and by 2018, it could be seen in cities across the board. After two years of development, is there still a market space for future investment in shared parking spaces?

Industry experts suggest that the future of shared parking solutions is still worthy of investment. The specific reasons can be analyzed from two major aspects: the development background of shared parking and the technical design.

I. Market Background

In recent years, with China's rapid economic growth and the enhancement of people's living standards, electric scooters have gradually become an essential item for every household. The increasing number of cars also leads to a situation where parking spaces are in short supply.

In first-tier cities, the demand for parking spaces in business buildings and residential communities varies by time. Typically, during the day, parking spaces in business districts are scarce, while neighboring residential communities often have surplus spaces. By night, the peak demand for parking spaces in these two areas is exactly reversed. It is evident that a time-shifted parking solution is the fundamental approach to solving parking difficulties. The shared parking space solution is specifically designed based on the principles of time-shifted parking.

The shared parking solution not only holds a certain advantage in the current market situation but also benefits from favorable policy support. It is reported that the continuous increase in urban vehicles has led to severe problems such as illegal parking and improper placement. This not only puts pressure on urban traffic but also severely affects the city's appearance. The relevant departments have successively issued regulations for staggered parking, which also ensures the long-term and stable development of shared parking spaces.

So, from a market background perspective, the shared parking solution remains a worthwhile investment for investors in the future.

Section II: Technology Research and Development

The market background determines whether a project can be implemented, while the technical research and development aspect directly determines the long-term and stable development of the shared parking space solution. The shared parking space solution can be viewed from the following two major aspects:

1. Smart Shared Parking Space Lock

The Smart Shared Parking Space Lock is the hardware terminal for the Shared Parking Space APP. During development, attention should be given to four major aspects: appearance design, waterproof design, impact resistance design, collision prevention design, and early warning system.

The appearance design, waterproof design, pressure-resistant design, and collision-resistant design all utilize materials to ensure the durability of the intelligent shared parking space lock. Additionally, to prevent collision incidents with the smart locks, an intelligent alarm system is installed on the terminal of the smart shared parking space lock. This system emits an alarm sound and lowers the arm when subjected to external force during normal operation, and automatically resumes its working state within 2 to 5 seconds after the external force is removed.

2. Shared Parking Spot App

The Parking Space Sharing APP is the software component of the parking space sharing solution. It serves as a crucial gateway for attracting offline customers and generating operational income. To capture user attention, most shared parking space APPs on the market are equipped with a range of features designed to enhance user engagement, such as location services, search functions, personal information inquiries, information posting, authorized sharing, credit accumulation, settlement, and penalty mechanisms.

In summary, considering both the market background of shared parking solutions and the design of hardware and software functions, shared parking spaces are still a worthwhile investment for investors in the future.