Automated Parking Systems market was valued at US$ 2338 million in 2022 and is anticipated to reach US$ 3129 million by 2029, witnessing a CAGR of 4.2% - Valuates Reports

Automated Parking Systems market was valued at US$ 2338 million in 2022 and is anticipated to reach US$ 3129 million by 2029, witnessing a CAGR of 4.2% during the forecast period 2023-2029.

Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-31N9052/Global_Automated_Parking_Systems_Market_Insights_and_Forecast_to_2028

An automated (car) parking system (APS) is a mechanical system designed to minimize the area and/or volume required for parking cars. Like a multi-story parking garage, an APS provides parking for cars on multiple levels stacked vertically to maximize the number of parking spaces while minimizing land usage. The APS, however, utilizes a mechanical system to transport cars to and from parking spaces (rather than the driver) in order to eliminate much of the space wasted in a multi-story parking garage. While a multi-story parking garage is similar to multiple parking lots stacked vertically, an APS is more similar to an automated storage and retrieval system for cars.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Automated Parking Systems key players include ShinMaywa, IHI Parking System, MHI Parking, XIZI Parking System, Wuyang Parking, etc. Global top five manufacturers hold a Production Market Share over 25%. China accounts for the most Production Market Share, which have a share over 40%, followed by Japan. In terms of product, Multi Parking is the largest segment, with a Production Market Share over 70%. And in terms of application, the largest application is Commercial, followed by Residential.

This report aims to provide a comprehensive presentation of the global market for Automated Parking Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automated Parking Systems.
The Automated Parking Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automated Parking Systems market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Segment by Type
-Rotary Carousel
-Speedy Parking
-Multi Parking
-Optima Parking
-Other

Segment by Application
-Commercial
-Residential
-Government

Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-31N9052/global-automated-parking-systems

Similar report -

https://reports.valuates.com/market-reports/QYRE-Auto-36U14880/global-parking-lock-actuators

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs

This release was published on openPR.