Automated Parking Systems Market size was valued at US$ 1.82 Bn. in 2023 and the total revenue is expected to grow at 15.2% of CAGR through 2024 to 2030, reaching nearly US$ 4.90 Bn.
Automated Parking Systems Market Overview:
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In-depth analysis of the market scope and research methodology for the emerging sector of Automated Parking Systems Market:
The Automated Parking Systems market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Automated Parking Systems market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Automated Parking Systems market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Automated Parking Systems market were developed. The study provides a thorough value chain analysis that clarifies the Automated Parking Systems production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Automated Parking Systems market on a global and micro level.
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Automated Parking Systems Market Segmentation:
by Automation Level
Semi-automated
Fully-automated
The fully automated segment had the most revenue share. One kind of automated parking system that is comparable to robotic valet parking is a completely automated parking system. The vehicle must be driven until it enters an APS's entry area. The driver and every other passenger must get out of the vehicle. The ticket is given to the driver once they pay at a nearby automated terminal.
by Platform Type
Palleted
Non-palleted
By compound annual growth rate (CAGR) in 2023, the palleted segment led the market for automated parking systems. These techniques facilitate vehicle movement in the parking area because cars cannot be lifted or moved without the driver. These parking options are anticipated to rise in the future as more individuals choose to work from home since they enhance vehicle security, enhance the urban environment, and offer higher parking densities than traditional parking lots. Because car-size modifications are not necessary for these solutions, transportation procedures become less complicated.
by Component
Handwear
Software
Based on component analysis, the market for automated parking systems is separated into software and hardware divisions. The hardware category, which consists of pucks, cameras LPRs, smart meters, signage, and parking gates, dominates the market for smart parking systems. On-street parking often uses cameras and smart meters. Widespread hardware adoption is a result of cities' increasing demand for on-street parking. Smart parking systems are becoming more and more popular as a result of governments installing more cameras and equipment on the road to maintain traffic flow because most people leave their cars parked there for several hours. Sony published a new demonstration in July 2022 showing how its AI-powered IMX500 sensors are at the core of three "smart city" trials in Rome, Italy.
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Automated Parking Systems Market Key Players:
1. Parkmatic (US)
2. Robotic Parking Systems, Inc. (US)
3. AutoMotion Parking Systems (US)
4. CityLift (US)
5. DESIGNA (US)
6. Parking Systems (US)
7. FATA Automation (US)
8. Park Plus Inc. (US)
9. T2 Systems Inc. (US)
10.U-Tron (US)
11.Parkmatic (US)
12.Klaus Multiparking GmbH (Germany)
13.Cleverciti Systems GmbH (Germany)
14.Westfalia (Germany)
15.Wohr (Germany)
16.SKIDATA GmbH (Germany)
17.Palisa Automatic Parking GmbH Co. KG (Germany)
18.Skyline Parking AG (Switzerland)
19.Dayand Parking Co., Ltd. (China)
20.Eito Global Inc. (Japan)
21.Amano Corporation (Japan)
22.Unitronics (Israel)
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Automated Parking Systems Market Regional Insights :
The size and trends in the Automated Parking Systems market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Your Ultimate Guide: Key Questions Answered in the Latest Market Report:
- What is Automated Parking Systems?
- What was the Automated Parking Systems market size in 2023?
- Which are the factors expected to drive the Automated Parking Systems market growth?
- Who are the leading companies and what are their portfolios in Automated Parking Systems Market?
- What growth strategies are the players considering to increase their presence in Automated Parking Systems?
- What are the upcoming industry applications and trends for the Automated Parking Systems Market?
- What will be the CAGR at which the Automated Parking Systems market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Parking Systems Market?
- What are the different segments of the Automated Parking Systems Market?
- What is the growth rate of the Automated Parking Systems Market?
- What segments are covered in the Automated Parking Systems Market?
- Who are the key players in the Automated Parking Systems market?
- What are the key challenges and opportunities in the Automated Parking Systems market?
- Which application holds the highest potential in the Automated Parking Systems market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segment | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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