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Automated Parking Systems Market Segmentation and Regional Analysis by 2032

02-01-2023 08:47 AM CET | Industry, Real Estate & Construction

Press release from: Analytics Market Research

Global Automated Parking Systems Market

Global Automated Parking Systems Market

Automated Parking Systems Market size was valued at USD 1.55 Billion in 2021 and is projected to reach USD 4.79 Billion by 2030, growing at a CAGR of 13.32% from 2023 to 2030.

Systems for automating parking management include both hardware and software elements to help with efficient parking management. Vehicles are moved mechanically to and from parking places in a multi-story parking facility. Vehicles are kept in several parking lots or in a multi-story parking space, stacked vertically. Additionally, fully automated and semi-automatic parking management systems are both available. Parking attendants are not required because fully automated parking systems function like robotic valet parking.

Few actions from the attendant or the driver are necessary with semi-automated parking systems. Additionally, it has a number of benefits, including better parking, less traffic and pollution, a better user experience, lower operational and administrative expenses, and increased safety. The Automated Parking System (APS) controls parking to reduce the amount of space needed for parking. The Automated Parking System reduces the amount of space needed for parking cars. In order to increase the number of parking spots while decreasing the amount of land required for parking lots, multi-story parking systems are made using the automated parking system.

To conserve space, APS typically stacks automobiles vertically. These unique systems' designs enable automobiles to be moved from the entrance to their parking location without the driver being there. The growth of the automated parking management systems market has propelled, due to rise in the number of vehicles globally, increase in demand for green parking solutions, and rise in urbanization. However, high initial investment is the factor hampering the growth of the market.

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The market for automated parking systems is driven by the growth of the infrastructure, as well as the increased popularity of high-rise luxury buildings and government backing. Because of these advantages, automated parking systems are expected to become more popular in both residential and commercial structures. Additionally, smart city initiatives in several nations are fueling the desire for sophisticated and automated solutions to the parking and pollution issues that the local populace experiences.

A mechanical system known as an automated automobile parking system is made to cram as many vehicles as possible into as little space as possible. An automated parking system increases parking capacity while utilizing less area by stacking automobiles vertically on a number of levels, comparable to any multi-story garage. Since the Automated Parking Systems APS are powered by a mechanical mechanism to move vehicles, drivers are no longer required. An automated storage and retrieval system for autos is a better name for APS.

Global Automated Parking Systems Market: Segmentations

Global Automated Parking Systems Market: By Key Players
IHI Parking System
Wuyang Parking
Nissei Build Kogyo
Wohr
Dayang Parking
Klaus Multiparking
LODIGE
Unitronics
STOPA Anlagenbau
Sampu Stereo Garage
Park Plus
Westfalia
Robotic Parking Systems
Parkmatic
FATA Automation

Global Automated Parking Systems Market: By Types
Mechanical Systems
Semi-Automated Systems
Automated Systems

Global Automated Parking Systems Market: By Applications
Residential
Public Facilities
Office Building

Global Automated Parking Systems Market: Regional Analysis
The countries covered in the regional analysis of the Global Automated Parking Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automated Parking Systems market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automated Parking Systems would help in identifying future applications in this market.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Click here to get the report link for more details:https://analyticsmarketresearch.com/reports/automated-parking-systems-market/51106/

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About US
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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