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Rising Cyber Threats Drive the Automated Breach and Attack Simulation Market to Spike at 35.7% CAGR.
Automated Breach And Attack Simulation Market
The automated parking system market is rapidly evolving, driven by urban space constraints, growing environmental concerns, and technological innovation.
What Is The Projected Market Size Of The Global Automated Parking System Market And Its Growth Rate?
The automated parking system market has seen significant growth, owing to several factors:
• The market size rapidly surged from $2.34 billion in 2024 to $2.63 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%.
• Key drivers of this growth include space constraints in urban areas, environmental and sustainability concerns, alleviation of traffic congestion, enhanced safety and security, and adoption in high-density areas.
• The market size is projected to reach $4.96 billion in 2029, with a CAGR of 17.2%.
• This anticipated growth can be attributed to the rise of electric vehicles (EVs), consumer demand for convenience, smart city integration, and sustainable urban development.
What Is Driving The Growth In The Automated Parking System Market?
The expansion of high-rise structures is a major factor propelling the automated parking system market's growth. High-rise buildings, ranging from 75 to 491 feet in height, often incorporate automated parking systems to enhance earthquake resistance, improve safety mechanisms, and support vehicle pallets. For instance, as of July 2022, 95% (462) of all identified high-rise residential and publicly owned buildings in England had either completed or begun remediation work, according to the Building Safety Programme Monthly Data Release. The upward trend in high-rise structures is thus driving growth in the automated parking system market.
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Who Are the Key Players Driving Automated Parking System Market Growth?
The automated parking system market is dominated by several major players including:
• Westfalia Technologies Inc.
• Unitronics Systems Inc.
• Klaus Multiparking Systems Pvt Ltd.
• Robotic Parking Systems Inc.
• City Lift Parking LLC
• Wohr Parking System Pvt Ltd.
What Are The Key Trends In The Automated Parking System Market?
Key trends anticipated in the forecast period include:
• Increased urbanization and space constraints.
• Escalated traffic congestion and accessibility issues.
• Technological advancements in the parking system domain.
• Enhanced safety and security measures in parking systems.
What Are The Segments Of The Global Automated Parking System Market?
The automated parking system market is segmented into:
1) By Component: Hardware, Software
2) By Structure Type: AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
3) By Platform: Palleted, Non-Palleted
4) By Automation Level: Fully Automated, Semi Automated
Which Region Leads The Automated Parking System Market?
Western Europe stood as the largest region in the automated parking system market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automated Parking System Market Global Market Report?
- Market Size Analysis: Analyze the Automated Parking System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automated Parking System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automated Parking System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automated Parking System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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