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Automated Parking System Market worth $9.64 billion by 2030, growing at a CAGR of 17.95% - Exclusive Report by 360iResearch
Automated Parking System Market | 360iResearch
The Global Automated Parking System Market to grow from USD 2.57 billion in 2022 to USD 9.64 billion by 2030, at a CAGR of 17.95%.
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An Automated Parking System (APS) is an advanced and technologically-driven parking solution designed to optimize land use, enhance security, reduce environmental impact, and increase overall efficiency in managing and utilizing parking spaces. It involves a combination of mechanical hardware, software integration, and sophisticated algorithms that facilitate the automatic parking of vehicles in designated spots within a multi-level or compact structure without any manual intervention from the driver. The increasing number of vehicles worldwide is leading to a need for more parking spaces in urban areas. As a result, there is a growing demand for efficient parking management systems that maximize space utilization while reducing traffic congestion. However, lack of standardization across automated parking systems can create compatibility issues between various manufacturers' products. Nevertheless, advancements in robotics and software technologies have expanded the potential applications for automated parking systems.
The Americas observes an advancing automated parking system (APS) market driven by the increasing adoption of smart city technologies and stringent regulations for reducing vehicle emissions. Countries such as Brazil and Mexico are progressively investing in implementing APS to address their growing parking challenges. Asia presents significant growth opportunities for the APS market to combat its escalating parking crises. Governments in these countries are actively promoting intelligent transportation systems that incorporate automation technologies such as APS into their urban infrastructure development plans. Europe has a relatively mature market for APS, driven by factors such as limited parking spaces in urban areas, strict emission regulations, and the growing need for sustainable city development. Germany, France, Italy, Spain, and the United Kingdom are some of the key contributors to the region's market growth. European companies are currently focusing on developing innovative products that meet the unique requirements of European urban centers while adhering to regulatory standards and providing eco-friendly solutions. As cities in the region strive towards becoming smart cities with sustainable infrastructure development plans, the need for APS is expected to rise.
Market Segmentation & Coverage:
This research report categorizes the Automated Parking System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Automation Level, market is studied across Fully-automated and Semi-automated. The Semi-automated commanded largest market share of 81.45% in 2022, followed by Fully-automated.
Based on System Type, market is studied across Hardware and Software. The Hardware commanded largest market share of 72.60% in 2022, followed by Software.
Based on Design Model, market is studied across Electro-mechanical and Hydraulic. The Electro-mechanical commanded largest market share of 51.23% in 2022, followed by Hydraulic.
Based on Platform Type, market is studied across Non-palleted and Palleted. The Non-palleted commanded largest market share of 78.10% in 2022, followed by Palleted.
Based on Parking Level, market is studied across Less than Level 5, Level 5-Level 10, and More than Level 15. The Less than Level 5 commanded largest market share of 55.84% in 2022, followed by Level 5-Level 10.
Based on Navigation System, market is studied across Automated Guided Vehicles, Crane Automated Parking System, Puzzle type Automated Parking System, Rail Guided Carts Automated Parking System, Shuttle Automated Parking System, Silo Automated Parking System, and Tower Automated Parking System. The Automated Guided Vehicles commanded largest market share of 21.74% in 2022, followed by Tower Automated Parking System.
Based on End-User, market is studied across Commercial, Mixed-use, and Residential. The Commercial commanded largest market share of 63.84% in 2022, followed by Mixed-use.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.90% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automated Parking System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automated Parking System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automated Parking System Market, highlighting leading vendors and their innovative profiles. These include AJ Automated Parking Systems Co., Ltd., Amano Corporation, Asura Technologies Ltd., DESIGNA Verkehrsleittechnik GmbH, E Star Engineers Private Limited, Eros Elevators & Escalators Pvt. Ltd., FATA Automation, Fehr Lagerlogistik AG, Harding Steel, Inc., Klaus Multiparking GmbH, Lödige Industries GmbH, Mitsubishi Heavy Industries Machinery Systems, Nexstep Multiparking Pvt. Ltd., Park Plus, Inc., Parkmatic, PARKPIU' S.R.L, Robert Bosch GmbH, Robotic Parking Systems, Inc., RR Global, Sieger Spintech Equipments Pvt. Ltd., Siemens AG, SKIDATA GmbH, Sotefin Parking Pvt. Ltd., SWARCO AG, Swiss-Park GmbH, Tedra Automotive Solutions Pvt. Ltd., Valeo SA, Verra Mobility, Westfalia Technologies, Inc., and WÖHR Autoparksysteme GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automated Parking System Market, by Automation Level
7. Automated Parking System Market, by System Type
8. Automated Parking System Market, by Design Model
9. Automated Parking System Market, by Platform Type
10. Automated Parking System Market, by Parking Level
11. Automated Parking System Market, by Navigation System
12. Automated Parking System Market, by End-User
13. Americas Automated Parking System Market
14. Asia-Pacific Automated Parking System Market
15. Europe, Middle East & Africa Automated Parking System Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automated Parking System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automated Parking System Market?
3. What is the competitive strategic window for opportunities in the Automated Parking System Market?
4. What are the technology trends and regulatory frameworks in the Automated Parking System Market?
5. What is the market share of the leading vendors in the Automated Parking System Market?
6. What modes and strategic moves are considered suitable for entering the Automated Parking System Market?
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