PUBLISHER: Value Market Research | PRODUCT CODE: 1264225
PUBLISHER: Value Market Research | PRODUCT CODE: 1264225
The global demand for Automated Parking Systems Market is presumed to reach the market size of nearly USD 25.53 MN by 2030 from USD 6.01 MN in 2022 with a CAGR of 19.82% under the study period 2023 - 2030.
The Automated Parking System is a parking-control technology that reduces the amount of space required for parking. The Automated Parking System is used to construct multi-story parking systems that enhance the number of parking spaces while requiring less area for parking lots. The automated parking system provides a driverless mechanism for transporting vehicles to and from parking lots, which reduces much space-wasting that occurs in manual parking multi-story parking lots. Automated parking facility (APF), automated vehicle storage and retrieval system (AVSRS), car parking system, mechanical parking, and robotic parking garage are some of the various names given to APS.
The automated parking system market is being propelled ahead by the growing need for automated and sustainable parking solutions. With the growth of urbanization, the market for automated parking systems will expand. Because there are fewer parking spaces available for cars, the market for automated parking systems is booming. The rise in automation and ADAS systems and an increase in disposable money will help the automated parking systems industry grow. Furthermore, the growth in smart city efforts and rising demand from luxury residential complexes would create favourable possibilities for the expansion of the automated parking system market. However, market growth is expected to be stifled by the high costs of automated parking systems and the quality standards that come with them.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automated parking systems. The growth and trends of automated parking systems industry provide a holistic approach to this study.
This section of the automated parking systems market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automated Parking Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automated parking systems market include Skyline Parking AG, Westfalia Parking, Unitronics (1989) (R" G) Ltd., Klaus Multiparking GmbH, Robotic Parking Systems, Inc., City Lift Parking, LLC, Park Plus Inc., Wohr Parking System Pvt. Ltd., Parkmatic, AutoMotion Parking Systems. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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