The Global Automated Parking System Market was worth US$ 1.5 billion in 2019 and the estimated CAGR through 2030 is 11%.
Rising adoption of integrated automated solutions, increased number of vehicles, advancements in vehicle communication technology, and increased investment in smart cities are the major factors driving the growth of the global automated parking system market.
The number of automobiles, especially passenger vehicles, has increased significantly during the past decade owing to the increased disposable income, rising competition in the market, and declining cost of passenger vehicles. The number of on-road vehicle has increased exponentially across major countries and has given rise to traffic congesting and parking space problems. This has resulted in emergence of automated paring systems. Automated parking systems are vertical parking systems operated with robotics systems.
The integration of smart sensors and advanced controllers has helped in improving the efficiency and safety of automated parking systems. This has fueled the adoption of automated parking systems across densely populated areas. The traffic control authorities across major countries are focusing towards the adoption of automated parking systems to improve parking efficiency and reduce space consumption across congested areas. This is anticipated to drive the growth of the global automated parking system market during the forecast period.
Europe contributed a dominating share to the global market and is expected to witness prominent growth during the forecast period owing to the presence of significant number of automated parking system manufacturers and strong penetration of automated parking systems across leading countries such as the U.K., France, Germany, Spain and Italy. With increased emphasis on energy conservation, the Europe automated parking systems market is expected to witness prominent growth during the forecast period. Asia Pacific is anticipated to be the fastest growing segment during the forecast period owing to increasing number of passenger vehicles across leading countries and rising adoption of automated parking systems across commercial applications.
Automated Parking System Market Share Analysis, by Geography (2022)
The report titled “Automated Parking System Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global automated parking system market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global automated parking system market is segmented on the basis of component, automation level, type, platform type, parking levels, end user, and geography. Based on component, the global automated parking system market is segmented into solutions and services. Based on automation level, the global automated parking system market is segmented into semi-automatic parking systems and fully automated parking systems. Based on type, the global automated parking system market is segmented into hydraulic and electro-mechanical parking systems. Based on platform type, the global automated parking system market is segmented into palleted and non-palleted. Based on parking levels, the global automated parking system market is segmented into less than level 5, level 5 to level 15, and above level 15. Based on end user, the global automated parking system market is segmented into residential, commercial and industrial. Based on geography, the global automated parking system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on automated parking system. Further, market share of prominent companies in the global automated parking system market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the automated parking system companies.
The global automated parking system market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the automated parking system business segment of the company.
Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global automated parking system market.
Major players active in the global automated parking system market include 5BY2, CITYLIFTS, DESIGNA, EITO&GLOBAL INC., FATA Automation, IHI Parking Systems, KLAUS MULTIPARKING SYSTEMS PVT. LTD, Pari, Park Plus, Inc., Parkmatic, Robotic Parking Systems, Inc., Romax Parking Solutions Ltd., Shandong Tada Auto Parking, Simmatec International Corporation, Skyline Parking, Unitronics, Watry Design, Inc., Westfalia Parking Systems, and wohr Parking System Pvt. Ltd.
Global Automated Parking System Market Segmentation:
By Component
By Automation Level
By Type
By Platform Type
By Parking Levels
By End User
Based on Region
The base year considered in automated parking system market report is 2022.
The major active players are 5BY2, CITYLIFTS, DESIGNA, EITO&GLOBAL INC., FATA Automation, IHI Parking Systems, KLAUS MULTIPARKING SYSTEMS PVT. LTD, Pari, Park Plus, Inc., Parkmatic, Robotic Parking Systems, Inc., and others.
The global automated parking system market segmented on the basis of component, automation level, type, platform type, parking levels, end user, and geography.
Rising adoption of integrated automated solutions, increased number of vehicles, advancements in vehicle communication technology, and increased investment in smart cities are the major factors driving the growth of the global automated parking system market.
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