Automated Parking Systems Market value of 3.52 USD Billion by registering a CAGR of 15.78% from 2023 to 2029

The global automated parking systems market is expected to grow at 15.78 % CAGR from 2023 to 2029. It is expected to reach above 3.52 USD billion by 2029 from 1.53 USD billion in 2022.

Exactitude Consultancy research's "Automated Parking Systems Market Forecast" study report focuses at sales and the overall global market for Automated Parking Systems in 2022. The sales forecast for Automated Parking Systems by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automated Parking Systems market, with sales of Automated Parking Systems broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Automated Parking Systems Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automated Parking Systems market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Automated Parking Systems Market are:

Mitsubishi Electric Corporation, AJ Automated Parking Systems, Expert Parking, Unitronics Corporation, Westfalia Parking, Robotic Parking Systems, FATA Automation, Dayang Parking Co. Ltd, TAPS, Skyline Parking, T2 System Inc, KLAUS Multiparking GmbH, Wohr Parking Systems Pvt. GmbH, U-Tron, Cleverciti Systems GmbH, City Lift Parking, LLC, Amano Corporation, IBM Corporation, Siemens AG, Xerox Corporation,  SKIDATA GmbH, Streetline and SWARCO AG.

Recent Developments:

June 13, 2022: Mitsubishi Heavy Industries (MHI) and Mitsubishi Heavy Industries Machinery Systems (MHIMS) began testing an automated valet parking system at a large-scale commercial facility near Tokyo. The system makes use of "Stan" automated guided vehicle (AGV) robots manufactured by Stanley Robotics, a French venture-backed company.

16 August 2022: Seoul Robotics, a software firm, used NVIDIA technology to transform non-autonomous vehicles into self-driving vehicles. The company's initial focus will be on improving first- and last-mile logistics like parking. This system allows cars to drive themselves by directing vehicle-to-everything (V2X) communication systems.

Automated Parking Systems Market Segmentation:

Automated Parking Systems Market By Automation Level 2023-2029, (USD Billion)

Semi-Automated

Fully-Automated

Automated Parking Systems Market By Component Type, 2023-2029, (USD Billion)

Hardware

Software

Automated Parking Systems Market By Platform Type, 2023-2029, (USD Billion)

Palleted

Non-Palleted

Automated Parking Systems Market By Design Model, 2023-2029, (USD Billion)

Hydraulic

Electro-Mechanical

Automated Parking Systems Market By Parking Level, 2023-2029, (USD Billion)

Less Than Level 5

Level 5-Level 10

More Than Level 15

Automated Parking Systems Market By End-User, 2023-2029, (USD Billion)

Commercial

Residential

Mixed-Use

Automated Parking Systems Market By Regions, 2023-2029, (USD Billion)

North America

Europe

Asia Pacific

South America

Middle East and Africa

Important Countries in All Regions Are Covered

Our market analysts are professionals at carefully categorizing the global Automated Parking Systems market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automated Parking Systems market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Automated Parking Systems Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automated Parking Systems market
Chapter 2: Exclusive Summary - the basic information of the Automated Parking Systems Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automated Parking Systems
Chapter 4: Presenting the Automated Parking Systems Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automated Parking Systems market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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