The ‘Automated Parking Systems market’ study collated by researchers at Brand Essence Market Research is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.
Automated Parking Systems Market Size Covers Global Industry Analysis, Size, Share, CAGR, Trends, Forecast And Business Opportunity.
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Global Automated Parking Systems Market is valued at USD 1.80 Billion in 2018 and expected to reach USD 4.31 Billion by 2025 with the CAGR of 13.28% over the forecast period. Increasing inclination of the customers and real estate investors towards the reduction of parking spaces is expected to drive the growth of Global Automated Parking Systems Market.
Scope of Automated Parking Systems Market Report:
Automated parking system is designed to reduce the area of parking spaces by either fully automated or semi-automated features. This system is used in residential complexes and commercial sectors to help in saving space in highly crowded parking areas. Automated car parks provide some exciting applications with minimal effort, convenience for the customers and ability to save money by making the better use of space. Car parking system often has a direct effect on the feasibility of a real estate and commercial projects. The designing of automated parking systems can help to derive the profitability by enabling parking to be located in areas where conventional parking would not provide flexibility. This system usually utilize advanced robotic technology for parking the vehicles and retrieve cars inside a secure garage. This type of systems not only saves overall time, space and money but also useful in moving the vehicles from one level to the other through well protected and secured auto lifts.
Global automated parking systems market report is segmented on basis of mode of automation, technology, end-use, system and regional & country level. Based upon mode of automation, global automated parking systems market is segmented into semi-automated parking system and fully automated parking system. On the basis of technology, the market is classified into sensor technology, mobile technology and RFID technology. Furthermore, based upon end-use, global automated parking systems market is segmented into residential, commercial, service & solution integrated payments, vehicle detection solutions, space reservation services and monitoring & reporting services. Based upon system, global automated parking systems market is segmented into software and hardware.
The regions covered in this Global Automated Parking Systems Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of global automated parking systems market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Automated Parking Systems Market Report“ Some major key players for global automated parking systems market are Skyline Parking AG, Robotic Parking Systems, Unitronics, Dayang Parking Co. Ltd, Klaus Multi parking Systems, Eito & Global Inc, Dongyang Menics Co., Ltd, Parkmatic TM, FATA Automation, Konnet, MHE Demag (S) Pte Ltd, Boomerang Systems, ParkPlus, Serva, Yeefung Industry Equipment(Shenzhen)Co., Ltd, SKIDATA, Park Assist, Fen Sense and others.
Increasing Vehicle Sales Globally, Increasing the Demand for Adding More Parking Spaces is Anticipated to Drive the Market Growth. Automated Parking Systems Market has witnessed a lucrative growth in past few years and expeceted to continue the same within the forecast period owing to the rapid increase in population throughout the worldwide leads to increase the demand for vehicles, due to which it is very difficult to manage the spaces in both commercial and residential zones. This has enabled the high acceptance of automated parking systems to support the increasing necessity for more parking spaces, where it would not possible back with the conventional parking system.
Additionally, automated parking systems require area about 70% smaller and 50% smaller volume to park the number of cars inside the parking zone as compared to conventional parking facilities. Furthermore, parking operators from the emerging countries are increasingly finding the solutions with enhanced technological solutions which in turn increase the demand for automated parking systems. However, maintaining these automated systems can be expensive, it may be component repair cost when it will breakdown which acts as a major barrier for the growth of this market.
Geographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America andMiddle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Automated Parking System Market.
Key Benefits for Automated Parking System Market Reports
¢ Global market report covers in-depth historical and forecast analysis.
¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
¢ Global market report helps to identify opportunities in market place.
¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Automated Parking Systems Market Segmentation:“
By Mode of Automation:
¢Semi-automated Parking System
¢Fully automated Parking System
By Technology:
¢Sensor Technology
¢Mobile Technology
¢RFID Technology
By End-Use:
¢Residential
¢Commercial
¢Service & Solution “ Integrated Payments
¢Vehicle Detection Solutions
¢Space Reservation Services
¢Monitoring & Reporting Services
By System:
¢Software
¢Hardware
By Region
¢ North America
o U.S.
o Canada
o Mexico
¢ Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
¢ Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
¢ Latin America
o Brazil
o Mexico
o Rest of Latin America
¢ Middle East and Africa
o GCC Countries
o Africa
o Rest of Middle East and Africa
North America is Expected to Dominate the Global Automated Parking Systems Market. North America holds the largest share in the global automated parking systems market and is expected to dominate during forecast period. This growth is majorly attributed to the massive increase in the number of cars from the North American countries especially from the USA, real estate investors and manufacturers reconsider the significance of automated parking systems that would highly feasible for the requirements of more parking spaces. For example, Americans have spent around 17 hours per year searching for parking and it has taken approximately USD 345.56 per driver by wasting fuel and time.
Similarly, Asia pacific is expeceted to witness a rapid growth in this market owing to the rapid industrialization, thereby Asian cities are being popularly moved towards advanced systems such as automated parking system to simplify the parking issues.
Automated Parking System Market Key Players:
¢ Skyline Parking AG
¢ CityLift
¢ Robotic Parking Systems, Inc.
¢ UNITRONICS
¢ Dayang Parking Co. Ltd.
¢ EITO&GLOBAL INC.
¢ Others
This comprehensive report will provide:
¢ Enhance your strategic decision making
¢ Assist with your research, presentations and business plans
¢ Show which emerging market opportunities to focus on
¢ Increase your industry knowledge
¢ Keep you up-to-date with crucial market developments
¢ Allow you to develop informed growth strategies
¢ Build your technical insight
¢ Illustrate trends to exploit
¢ Strengthen your analysis of competitors
¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
¢ Which are the driving factors responsible for the growth of market?
¢ Which are the roadblock factors of this market?
¢ What are the new opportunities, by which market will grow in coming years?
¢ What are the trends of this market?
¢ Which are main factors responsible for new product launch?
¢ How big is the global & regional market in terms of revenue, sales and production?
¢ How far will the market grow in forecast period in terms of revenue, sales and production?
¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
¢ Which region has more opportunities?
Key Reasons to Purchase:
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To understand the future outlook and prospects of the Automated Parking Systems Market post COVID-19
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To understand the changes in rules and regulations in various countries during COVID-19 and its possible effects on the market in the future.
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Below is the TOC of the Report:
Introduction
Automated Parking Systems Market Trends
Regional Impact Analysis
North America (the US, Mexico, and Canada)
Europe (Germany, the UK, France, and Rest of Europe)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (GCC Countries and Rest of Middle East & Africa)
Before COVID-19 Analysis
Current Impact Analysis
Future Impact Analysis
Economic Impact Analysis
Government Policies and Steps Taken
Investment Scenario and Impact
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