Global Automated Parking System Market, By Automation Level (Fully-Automated, Semi-Automated), Platform (Palleted, Non-Palleted), End User (Residential, Commercial, Mixed Use), Design Model Type (Hydraulic, Electro-Mechanical), System Type (Hardware, Software), Parking Level (Less Than Level 5, Level 5-Level 10, More Than Level 10), Structure Type (AGV System, Silo System, Tower System, Rail Guided Cart System, Puzzle System, Shuttle System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Automated Parking System Market
Data Bridge Market Research analyses that the automated parking system market would exhibit a CAGR of 13.95% for the forecast period.
The term automated parking system refers to a software system installed in a vehicle that reduces the amount of parking space required by the vehicle when parked manually. The vehicle autonomously detects available parking spaces and parks itself in one of them.
The growing need for automated and sustainable parking solutions is propelling the automated parking system market forward. The market for automated parking systems will grow in line with the development in urbanization. The availability of fewer parking places for automobiles is driving the market for automated parking systems to flourish. The expansion of the automated parking systems market would be aided by the rise in automation and ADAS systems and upsurge in the level of disposable income.
Moreover, the rise in the initiatives for the development of smart cities and growing demand from luxury residential buildings will carve the beneficial opportunities for the growth of automated parking system market.
However, high costs automated parking systems and quality controls associated with these systems are projected to stymie revenue growth. The complication of the system's installation is significant, requiring the use of high-level specialists and technology. This will pose a major challenge for the market for automated parking systems.
This automated parking system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automated parking system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automated Parking System Market Scope and Market Size
The automated parking system market is segmented on the basis of automation level, platform, end user, design model type, system type, parking level and structure type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Automated parking system market on the basis of automation level is segmented into fully automated and semi-automated.
- Based on platform, the automated parking system market is segmented into palleted and non-palleted.
- On the basis of end user, the automated parking system market is segmented into residential, commercial and mixed use.
- On the basis of design model type, the automated parking system market is segmented into hydraulic and electro-mechanical.
- Automated parking system is segmented on the basis of system type into hardware and software.
- Based on parking level, the automated parking system is segmented into less than level 5, level 5-level 10 and more than level 10.
- Automated parking system market on the basis of structure type is segmented into AGV system, silo system, tower system, rail guided cart system, puzzle system and shuttle system.
Automated Parking System Market Country Level Analysis
The automated parking system market is segmented on the basis of automation level, platform, end user, design model type, system type, parking level and structure type.
The countries covered in the automated parking system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The automated parking system market will be dominated by Europe, with North America predicted to develop at the fastest rate. Europe features cutting-edge automotive manufacturing technology as well as automated parking systems. In comparison to other regions, Europe has a fairly high adoption rate of automated parking systems. There are a lot of market players in Europe, and there are a lot of automated parking system options.
The country section of the automated parking system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automated Parking System Market Share Analysis
The automated parking system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automated parking system market.
Some of the major players operating in the automated parking system market are Unitronics, CITYLIFTS, Westfalia Parking, Robotic Parking Systems Inc., FATA Automation, Park Plus Inc., Wohr Parking Systems Pvt. Ltd., EITO & GLOBAL INC., IHI Corporation, SIMMATC, Romax Parking Solutions Ltd., Watry Desihn Inc., Sieger Parking, RR Parkon, Proviron Technology SA, Skyline Parking AG, Klaus Multiparking GmbH, Autmotion Parking System and Parkmatic, among others.
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