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Automated Parking System Global Market Size, Share Analysis, Trends, Growth And Industry Forecast 2023-2032
Automated Parking System Market Report
The Business Research Company's Automated Parking System Global Market Report 2023 identifies the increase in high-rise structures as the major driver for the automated parking system market's growth in the forecast period. High-rise structures refer to a building or structure that is between 75 and 491 feet high. The automated parking system built into high-rise buildings helps to withstand earthquakes, provide safety mechanisms, and supports pallets under vehicles.
The global automated parking system market size grew from $1.9 billion in 2022 to $2.18 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automated parking system market size is expected to grow to $3.75 billion in 2027 at a CAGR of 14.6%.
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Major competitors in the automated parking system market are Westfalia Parking, Unitronics, Klaus Multiparking Systems Pvt. Ltd., Robotic Parking Systems Inc., City Lift Parking LLC, Wohr Parking Systems Pvt. Ltd., Skyline Parking, Park plus, Automotion Parking Systems, FATA Automation Inc., Parkmatic, EITO&GLOBAL Inc., AJ Automated Parking Systems, U-Tron and Robotic Parking Systems.
A key trend in the automated parking system market includes advancements in technology. Westfalia Parking, Unitronics, Klaus Multiparking Systems Pvt. Ltd., Robotic Parking Systems Inc., City Lift Parking LLC, Wohr Parking Systems Pvt. Ltd., Skyline Parking, Park plus, Automotion Parking Systems, FATA Automation Inc., Parkmatic, EITO&GLOBAL Inc., AJ Automated Parking Systems, U-Tron and Robotic Parking Systems.
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The automated parking system market is segmented -
•By Component: Hardware, Software
•By Structure Type: AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
•By Platform: Palleted, Non-Palleted
•By Automation Level: Fully Automated, Semi Automated
•By End Use: Residential, Commercial, Mixed Use
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the automated parking system market.
The Business Research Company's "Global Automated Parking System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automated Parking System Market Include:
1. Executive Summary
2. Automated Parking System Market Characteristics
3. Automated Parking System Market Trends And Strategies
4. Automated Parking System Market - Macro Economic Scenario
5. Automated Parking System Market Size And Growth
……
26. Africa Automated Parking System Market
27. Automated Parking System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Parking System Market
29. Automated Parking System Market Future Outlook and Potential Analysis
30. Appendix
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