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 outlook by 2029, Latest Drivers, Opportunities, Key Trends, And Key Companies.
Using 2021 as the base year and the forecast period of 2022 to 2029, the market size for Automated Parking Systems is evaluated in this report. The market for Automated Parking Systems is expected to increase by millions of dollars by 2029 compared to 2021, according to this research. Over the next seven years, the CAGR in terms of revenue for the Automated Parking Systems market will surge.
Maximize Market Research (MMR), a major leader of business research and consulting services, estimates that the overall global market for Automated Parking Systems 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.
In-depth information on the market's size, cost and revenue, developments, growth, and potential are all covered in the market research report for Automated Parking Systems , along with a forecast for the years up to 2029. The primary driving forces for this market's growth are also thoroughly examined. The market has been thoroughly quantitatively analysed in this report, which provides details for developing strategies to increase growth and efficiency.
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Automated Parking Systems Market Overview:
The Automated Parking Systems market decides all of the research for the business firm and also provides the most recent drivers, restraints, and opportunities for the Automated Parking Systems market. The outcomes are then confirmed through conversations with top businessmen. Both paid and open-source data bases are used in the secondary inquiry and analysis of the same. The official government archives, third-party records, and, in the case of publicly listed firms, the company's financial reports are where information on each player's supply and consumption is acquired. Annual reports from businesses that do not make them available to the public can be obtained by contacting the local government's tax division.
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Automated Parking Systems Market Key players:
• 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
Key company and market share insights:
In this section, the main competitors are highlighted to the users. This research examines the primary growth strategies these players adopt to keep control, such as product portfolio strengthening, mergers and acquisitions, collaborations, new product innovations, and regional growth. The report provides important financial data, as well as current affairs and company objectives. The readers can also get more information about the manufacturers' global sales, costs, and profits from 2017 through 2022.
Automated Parking Systems Market Dynamics:
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:
According to automation level, in 2021 the fully automated segment had the highest revenue growth of over xx% CAGR. Robotic valet parking is a type of automated parking system that is similar to a fully automated parking system. The vehicle must be driven until it arrives at an APS entry area. The driver and all other passengers must leave the vehicle. The ticket is given to the driver after payment is made at a nearby automated terminal. The car is lifted by the mechanical system and moved to a designated parking spot in the system once all of the passengers have left the entry area. The more advanced, fully automated APS collects car dimensions and chooses an appropriate location for them.
Automated Parking Systems Market Regional Analysis:
Automated Parking Systems Market Country Level Analysis:
The Maximize Market Research (MMR) Automated Parking Systems market report includes data on the United States, Canada, and Mexico in North America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Russia, and the rest of Europe in Europe. It also includes information on Japan, China, India, South Korea, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, and the rest of South America as parts of South America, as well as the United Arab Emirates, Saudi Arabia, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) as parts of the Middle East and Africa (MEA).
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Nov 24, 2022
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