Automated Parking Systems Market size was valued at US$ 1.58 Bn. in 2022 and the total revenue is expected to grow at 15.2% of CAGR through 2023 to 2029, reaching nearly US$ 4.28 Bn.
Market Overview:
This study’s purpose is to give an overview of the Automated Parking Systems market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Automated Parking Systems companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Automated Parking Systems market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Automated Parking Systems Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Automated Parking Systems Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Dynamics:
Robotic Parking, a game changer :The newest innovation, robot parking, allows vehicles to use a lot that is run entirely by robotic machinery. It entails automated car parking that is accessible at the touch of a button, including automatic barriers, ramps, and other emerging technology that is anticipated to improve the car parking experience in the future and, in turn, to fuel the growth of the automated parking systems market over the course of the forecast period.
People are influenced by green and sustainable parking :One of the main contributors to global warming and climate change is the rise in emissions in the automotive sector. Vehicle emissions make up a considerable amount of the total greenhouse gas emissions in major car markets like China, India, and the United States.
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Market Scope:
The report also focuses on the leading industry players in the Automated Parking Systems market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
In 2022, the fully automated segment had the highest revenue share (more than xx% CAGR) according to automation level. Robotic valet parking is a form of automated parking system that is similar to a fully automated parking system. The car must be driven until it arrives at an APS entry place. The driver and all other passengers must leave the vehicle. The ticket is given to the driver when payment is made at a nearby automated terminal.
The car is lifted by the mechanical system and relocated to a designated parking spot in the system once all of the passengers have left the entry area. The more advanced, fully automated APS collects automobile dimensions and chooses an appropriate spot for them. The employee tries to
Automated Parking Systems Market, by Automation Level (2022-2029)
• Semi-automated
• Fully-automated
Automated Parking Systems Market, by Platform Type (2022-2029)
• Palleted
• Non-palleted
Automated Parking Systems Market, by Component (2022-2029)
• Handwear
• Software
Automated Parking Systems Market, by Country (2022-2029)
• United States
• Canada
• Mexico
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Automated Parking Systems market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Automated Parking Systems industry.
1. Parkmatic (US)
2. Robotic Parking Systems, Inc. (US)
3. AutoMotion Parking Systems (US)
4. CityLift (US)
5. DESIGNA (US)
6. Parking Systems (US)
7. FATA Automation (US)
8. Park Plus Inc. (US)
9. T2 Systems Inc. (US)
10.U-Tron (US)
11.Parkmatic (US)
12.Klaus Multiparking GmbH (Germany)
13.Cleverciti Systems GmbH (Germany)
14.Westfalia (Germany)
15.Wohr (Germany)
16.SKIDATA GmbH (Germany)
17.Palisa Automatic Parking GmbH & Co. KG (Germany)
18.Skyline Parking AG (Switzerland)
19.Dayand Parking Co., Ltd. (China)
20.Eito & Global Inc. (Japan)
21.Amano Corporation (Japan)
22.Unitronics (Israel)
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Automated Parking Systems market in these regions.
COVID-19 Impact Analysis on Automated Parking Systems Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Automated Parking Systems market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Automated Parking Systems Market Report are:
What will be the CAGR of the Automated Parking Systems market during the forecast period?
Which segment emerged as the leading segment in the Automated Parking Systems market?
Which are the prominent players in the Automated Parking Systems market?
What will be the Automated Parking Systems market size by 2027?
Which company held the largest share in the Automated Parking Systems market?
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