Global Automated Parking System Market, By Automation Level (Fully-Automated and Semi-Automated), Platform (Palleted and Non-Palleted), End User (Residential, Commercial and Mixed Use), Design Model Type (Hydraulic and Electro-Mechanical), System Type (Hardware and Software), Parking Level (Less Than Level 5, Level 5-Level 10 and More Than Level 10), Structure Type (AGV System, Silo System, Tower System, Rail Guided Cart System, Puzzle System and 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, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Automated parking system market is witnessing market growth at a rate of 13.95% in the forecast period of 2020 to 2027. Data Bridge Market Research report on automated parking system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automated Parking System is defined as the software system deployed in the car to reduce the parking area required by car while parking manually. The vehicle automatically senses the space for parking and parks the vehicle automatically in the available space automatically.
The rise in the demand of automatic and sustainable parking solution is driving factor for the growth of the automated parking system market. The increase in the urbanization will also accelerate the automated parking systems market.
The availability of fewer parking spaces for the automobile is the driving factor for the growth of the automated parking systems market. The rise in automation and ADAS systems will also contribute to the growth of the automated parking systems market.
The cost of automated parking systems is very high and this factor will prove the restraining factor for the growth of the automated parking systems market.
The complexity in the installation of the system is high which also requires high professionals and technology. This is the restraining factor for the automated parking systems market. The quality control of the automated parking systems is also one of the restraining factors for the growth of the automated parking systems market.
The increase in the disposable income of the people which results in the buying of automobiles having automated parking systems is the opportunity factor for the automated parking systems market.
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 Data Bridge Market Research automated parking system market contact us 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
Automated parking system market is segmented on the basis of automation level, platform, end user, design model, system, parking level and structure. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Automated parking system market on the basis of automation level has been segmented as fully automated and semi-automated.
- Based on platform, the automated parking system market has been segmented into palleted and non-palleted.
- On the basis of end user, the automated parking system market has been segmented residential, commercial and mixed use.
- On the basis of design model, the automated parking system market has been segmented into hydraulic and electro-mechanical.
- Automated parking system has also been segmented on the basis of system into hardware and software.
- Based on parking level, the automated parking system has been segmented into less than level 5, level 5-level 10 and more than level 10.
Automated parking system market on the basis of structure has been segmented into AGV system, silo system, tower system, rail guided cart system, puzzle system and shuttle system.
Automated Parking System Market Country Level Analysis
Automated parking system market is analysed and market size, volume information is provided by country, automation level, platform, end user, design model, system, parking level and structure as referenced above.
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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe will dominate the automated parking system market while North America will be expected to witness the highest growth rate. Europe has the state of the art technology in manufacturing automobile and also automated parking systems. The adoption rate of automated parking system in Europe is very high as compared to other regions. Many market players are in the Europe which also had many automated parking system solutions.
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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Parking System Market Share Analysis
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, regional presence, 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.
The major players covered in the automated parking system market report are Westfalia Parking, Unironics Development and Design, Robotic Parking Systems Inc., FATA Automation, CityLift, Park Plus Inc., Wohr Parking Systems Pvt. Ltd., PARKMATIC TM, 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many prominent players in the market are taking different initiatives in the market so they can enhance their market reach and strengthen their market position.
- In March 2019, the company Sumitomo Corporation had announced that they had acquired operations of O-Park Operations B.V. This acquisition will help to bring out the largest potential of mobility solutions. The technologies will be exchanged by both the companies and their customer base will also be increased. This will strengthen their position in the market.
Customization Available : Global Automated Parking System Market
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