Automated Parking Systems Market Growth, Sales, Future Trends, COVID-19 Impact, Size Value and Analysis By 2027

Automated Parking Systems Market:

The Automated Parking Systems market size was valued at US$ 1.38 Bn. in 2021 and the total revenue is expected to grow at 15.2% of CAGR through 2022 to 2029, reaching nearly US$ 4.28 Bn.

Automated Parking Systems Market Overview:

The Automated Parking Systems Market report analysis provides a comprehensive analysis of current trends and future market dynamics in the Automated Parking Systems Market, assisting customers in determining potential business opportunities and building market strategies. Key rivals, industries network structure, market overview, governmental policies impact, planning analysis, and the most recent dynamic analysis are all included in the Automated Parking Systems market analysis. The report concentrated on the market's overall drivers, opportunities, challenges, and restraints. The Automated Parking Systems market study also investigates the impact of these primary drivers, trends, and constraints on market demand during the forecast period.

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Automated Parking Systems Market Scope:

The Automated Parking Systems Market is a comprehensive analysis of the primary customer and market application sectors, significant regions and consumption, key manufacturers, distributors, raw material suppliers, and equipment vendors, as well as contact information and an industry chain relationship analysis. This research also covers product specifications, manufacturing processes, cost structure, and data information organized by location, technology, and application. Key firms' goods and services, revenue, economic position in the global market, investment plan, growth strategy, and regional presence are all investigated. Recent acquisitions and mergers, as well as business strategic orientations and cooperative partnership information, give a realistic picture of the Automated Parking Systems Market's competitive landscape.

Automated Parking Systems Market Research Methodology:

Quantitative and qualitative research approaches were utilized to collect data, and bottom-up approaches were used to validate the findings. Secondary data was gathered from a number of sources to ensure that the results were consistent. Official databases from various organizations and government websites, industry periodicals and newspapers, enormous company annual reports, manufacturer and supplier publications, and paid databases are some examples. Surveys, questionnaire administration, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals are used to obtain primary data. SWOT analysis was used to study significant organizations' strengths and weaknesses, while PORTER and PESTLE were utilized to investigate various economic difficulties. Finally, the research looks at the Automated Parking Systems market in depth.

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Automated Parking Systems Market Dynamics:

Robot car parking is the most recent invention, allowing cars to use a parking lot that is operated by robotic-powered devices. It means that automobile parking is available at the click of a button and is automated, from automatic ramps and barriers to other developing technology that will most likely enhance our car parking experience in the future.

The increasing volume of emissions in the automotive industry is one of the primary causes of global warming and climate change. In large automobile markets such as China, India, and the United States, vehicle emissions account for a significant portion of total emissions. Several government agencies are launching steps to reduce car emissions. For example, the European Union and the G8 nations agreed on a plan to cut CO2 emissions by at least 80% by 2050. China and the United States issued a joint declaration to sign the Paris Climate Agreement. The accord attempts to keep global climate change under control. As a result, the industry's attention has switched toward the development of environmentally friendly solutions.

Automated Parking Systems Market Segmentation:

By the Automation level, the fully automated segment held the largest revenue shear of over xx% of CAGR in 2021. A fully automated parking system is a type of automated parking system that is similar to robotic valet parking. The driver must drive the vehicle until it reaches the entry area of an APS. The car must be vacated, with the driver and all passengers exiting. The driver pays at a nearby automated terminal and receives the ticket. When all of the passenger’s exit the entry area, the automobile is lifted by the mechanical system and moved to a pre-determined parking location in the system. The more sophisticated completely automated APS gathers car dimensions and locates a suitable location for them. The operator tries to squeeze the car into the smallest parking space. The driver gets the car by entering the ticket or code he obtained previously into an automated terminal. The APS removes the car from the parking slot and transports it to the exit area. The primary goal of a completely automated APS is to eliminate the necessity for parking attendants.

Key Players:

The major players covered in the Automated Parking Systems market report are

• Skyline Parking AG
• Westfalia Parking
• Unitronics (1989) (R”G) Ltd.
• Klaus Multiparking GmbH
• Robotic Parking Systems, Inc.
• City Lift Parking, LLC
• Park Plus Inc.
• Wohr Parking System Pvt. Ltd.
• Parkmatic
• AutoMotion Parking Systems

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Key Questions Answered in the Automated Parking Systems Market Report are:

• What is Automated Parking Systems Market?
• What is the growth rate of the Automated Parking Systems Market during the forecast period?
• What is the nature of competition in the Automated Parking Systems Market industry in developed economies and developing economies?
• Who are the key players in the Automated Parking Systems Market?
• Who are the market leaders in the Automated Parking Systems Market in Europe?
• Who are the market leaders in the Automated Parking Systems Market in USA and Canada?
• Who are the market leaders in the Automated Parking Systems Market in India, China, Japan, and South Korea?
• What are the factors affecting growth in the Automated Parking Systems Market?
• Who held the largest market share in the Automated Parking Systems Market?
• What are the factors for the growth of the Asia-Pacific region in the Automated Parking Systems Market?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by major segmentation and region.
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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