North America Automated Parking System Market Overview, Recent and Upcoming Trends, Segmentation, International Players, Demand and Forecast to 2028

The automated parking system market in North America is expected to grow from US$ 421.52 million in 2021 to US$ 1,022.63 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028.

North America Automated Parking System Market 2021 - 2028 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player's areas that have witnessed the highest demand, leading regions and operations. North America Automated Parking System market 2021 - 2028 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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Top Key Players Listed in the North America Automated Parking System Market 2021 - 2028 Report Are:
• AJ Automated Parking Systems Co., Ltd.
• CityLift Parking
• FATA Automation Inc.
• Klaus Multiparking
• Park Plus, Inc.
• Parkmatic
• Robotic Parking Systems, Inc.
• U-tron
• WESTFALIA TECHNOLOGIES, INC.

North America Automated Parking System Market Segmentation:

By Component
• Hardware
• Software

By Platform
• Semi-automated
• Fully-automated

By Automation Level
• Palleted
• Non-palleted

By End-User
• Commercial
• Residential
• Mixed-use

By Country
• US
• Canada
• Mexico

In North America, particularly in the US, the automated parking system market growth is primarily driven by the increasing number of vehicles, lesser land availability for parking, strong emphasis on consumer comfort and convenience, and smart cities initiatives from governments. The high extent of urbanization is contributing to the market in this region. In recent years, there has been an upsurge in demand for high-end residential buildings. According to the Redfin report, luxury residential sales in the US rose by 41.6% over the year in the first quarter of 2021. The automated parking systems are needed in luxury residential buildings. The automated parking systems can significantly reduce emissions, thereby increasing the project's ecological footprint.

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The North America Automated Parking System Market 2021 - 2028 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

Major highlights of the report:
•All-inclusive evaluation of the parent market
•Evolution of significant market aspects
•Industry-wide investigation of market segments
•Assessment of market value and volume in past, present, and forecast years
•Evaluation of market share
•Tactical approaches of market leaders
•Lucrative strategies to help companies strengthen their position in the market

Reason to Buy
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• The key findings and recommendations highlight crucial progressive industry trends in the North America Automated Parking System Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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