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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Automated Parking Systems Market Scope and Methodology:
Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Automated Parking Systems market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Automated Parking Systems market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.
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Automated Parking Systems Market Regional Insights:
In a regional analysis, the Automated Parking Systems market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Automated Parking Systems Market Segmentation:
by Automation Level
Semi-automated
Fully-automated
The completely automated segment had the highest revenue share of over CAGR in 2023 according to the Automation level. One kind of automated parking system that resembles robotic valet parking is a completely automated system. The car must be driven by the driver until it reaches the APS entry area. All passengers and the driver 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
According to Platform Type, the market for automated parking systems was led by the palleted segment by CAGR in 2023. These techniques facilitate easier mobility of vehicles inside the parking area since 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 increase vehicle security, enhance the urban environment, and offer higher parking densities than traditional parking lots. Because these solutions don't call for accommodations the size of cars, transportation procedures become simpler.
by Component
Handwear
Software
Based on components, the market for automated parking systems is split into hardware and software categories. The hardware category, which comprises pucks, cameras & LPRs, smart meters, signs, and parking gates, dominates the market for smart parking systems. On-street parking commonly makes use of smart meters and cameras. The increasing demand for on-street parking in cities has resulted in a broad adoption of hardware. Since most people leave their cars parked for several hours, governments are installing more equipment and cameras on the road to manage traffic flow, which is driving up the popularity of smart parking systems.
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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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Key questions answered in the Automated Parking Systems Market are:
- What is Automated Parking Systems?
- What was the Automated Parking Systems market size in 2023?
- What is the growth rate of the Automated Parking Systems Market?
- What is the CAGR at which the Automated Parking Systems market will grow during the forecast period?
- What are the different segments of the Automated Parking Systems Market?
- Which is the fastest-growing region in the Automated Parking Systems market?
- Which are the factors expected to drive the Automated Parking Systems market growth?
- What growth strategies are the players considering to increase their presence in Automated Parking Systems?
- What are the upcoming opportunities and trends for the Automated Parking Systems Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for 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?
- Who are the leading companies and what are their portfolios in 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 | 2024−2030
- 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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