Automated Parking System Market Growth Factors and Resources Outlook by 2024| Key Companies Klaus Multiparking ,CityLift ,Robotic Parking Systems

The automated parking systems involve the usage of electrical, mechanical, and computer system in combination with an objective to reduce the volume/area required for parking cars. The various components involved in the automated parking system are sensors, robotics arms, mechanical lifts, and other computer integrated systems. The increasing number of vehicles production across the globe has led to a reduction in parking space, which in turn has led to high demand for automated parking systems.
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Top Key Players: P Klaus Multiparking , CityLift , Robotic Parking Systems Inc. , Skyline Parking (Fehr Lagerlogistik AG) , Unitronics , wohr Parking System Pvt. Ltd. , Westfalia Parking , FATA Automation , Parkmatic , EITO GLOBAL INC. , ,

The key factors that are propelling the growth of automated parking system market are the scarcity of land for parking, increasing number of vehicles, rising urbanization, smart cities initiatives from the government, growing demand for green and sustainable parking solutions, and growing demand for luxury buildings. Moreover, the growing usage of IoT and data analytics in automatic parking services and the implementation of smart parking solutions are anticipated to generate significant growth opportunities for the automated parking system market in the coming years.

The global automated parking system market is segmented on the basis of type, system type, platform type, number of levels, end-users. Based on type, the market is segmented as semi-automated and fully-automated. Based on system type, the automated parking system market is divided into hardware and software. On basis of platform type, the market is bifurcated into palleted and non-palleted. Further, on basis on number of levels, the market is segmented into less than level 5, level 5-level 10, and more than level - Furthermore, based on end-user, the market is divided into commercial and residential.

The report analyzes factors affecting automated parking system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automated parking system market for each region.

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The reports cover key developments in the automated parking system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automated parking system market are anticipated to lucrative growth opportunities in the future with the rising demand for automated parking system in the global market. Below mentioned is the list of few companies engaged in the automated parking system market.

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