The Future of Parking: How Automated Parking Systems are Revolutionizing Urban Mobility in 2029
Automated Parking Systems Market size was valued at US$ 1.58 Bn. in 2022 and the total revenue is expected to grow at 15.2% of CAGR through 2023 to 2029, reaching nearly US$ 4.28 Bn.
Automated Parking Systems Market Overview
The new informative report published by Global market intelligence firm the Maximise Market Research indicates the lucrative growth in the Automated Parking Systems Market in the forecasted period through 2029. MMR has served 34 countries with 600 clients efficiently across the globe since 2017.
A mechanical system known as an automated car parking system is made to cram as many vehicles as possible into as little space as possible. An automated parking system increases parking space while utilising less space by stacking vehicles vertically on a number of levels, similar to any multi-story garage. Since the Automated Parking Systems APS are powered by a mechanical system to move vehicles, drivers are no longer necessary.
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Market Scope
The report indicates the deep evaluation of the Automated Parking Systems Market and its different market segmentation. The research for the report also includes the regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios and the contributions of key players. Use of different methodologies are undertaken to analyse the market such as SWOT, PESTLE and PORTER’s five forces for studying the strengths and weakness and new upcoming opportunities and challenges to market.
Automated Parking Systems Market Segmentation
In 2022, the fully automated segment had the highest revenue share according to automation level. Robotic valet parking is a type of automated parking system that is similar to a fully automated parking system. The vehicle must be driven until it arrives at an APS entry area. The driver and all other passengers must leave the vehicle. The ticket is given to the driver after payment is made at a nearby automated terminal.
The market for automated parking systems is segmented by component type into hardware and software segments. The hardware sector, which includes pucks, cameras & LPRs, smart metres, signs, and parking gates, dominates the market for smart parking systems. On-street parking frequently makes use of smart metres and cameras. Hardware adoption has become commonplace as a result of cities' expanding need for on-street parking.
Key Players
• Parkmatic (US)
• Robotic Parking Systems, Inc. (US)
• AutoMotion Parking Systems (US)
• CityLift (US)
• DESIGNA (US)
• Parking Systems (US)
• FATA Automation (US)
• Park Plus Inc. (US)
• T2 Systems Inc. (US)
• U-Tron (US)
• Parkmatic (US)
• Klaus Multiparking GmbH (Germany)
• Cleverciti Systems GmbH (Germany)
• Westfalia (Germany)
• Wohr (Germany)
• SKIDATA GmbH (Germany)
• Palisa Automatic Parking GmbH & Co. KG (Germany)
• Skyline Parking AG (Switzerland)
• Dayand Parking Co., Ltd. (China)
• Eito & Global Inc. (Japan)
• Amano Corporation (Japan)
• Unitronics (Israel)
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Regional Analysis
The report gives the detailed regional analysis to its readers which is divided into specific Automated Parking Systems Market regions. The research evaluates the regional and local market segments to understand the consumer and demands behaviour to get know about the target audience. The region portion of the research also provides key market influencing aspects and changes in market regulations. This report can help one to understand the regional as well as global Automated Parking Systems Market and to make competitive and profitable strategies which appropriately applicable according to specific countries and regions in the market.
Key Questions answered in the Automated Parking Systems Market Report are:
- What is Automated Parking Systems Market?
- What is the forecast period of the Automated Parking Systems Market?
- What is the competitive scenario of the Automated Parking Systems Market?
- Which region held the largest market share in the Automated Parking Systems Market?
- What are the opportunities for the Automated Parking Systems Market?
- What factors are affecting the Automated Parking Systems Market growth?
- Who are the key players of the Automated Parking Systems Market?
- Which company held the largest share in the Automated Parking Systems Market?
- What will be the CAGR of the Automated Parking Systems Market during the forecast period?
- What key trends are likely to emerge in the Automated Parking Systems Market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Automated Parking Systems Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial marketresearch, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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