Global Automated Parking System Market Research Report by Component (Hardware, Software), by Structure Type (AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System) by Automation Level (Fully Automated, Semi-automated), by End-use (Residential, Commercial, Mixed-use), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast
Report ID : QR1001485 | Industries : Automotive and Transportation | Published On :April 2022 | Page Count : 253Global Automated Parking System Market
The global Automated Parking System market was valued at USD 1.94 billion in 2020 which expected to reach USD 6.66 billion by 2027 at a CAGR 16.7% from 2020-2027.
The Automated Parking System is a technology that regulates parking in order to reduce the amount of space required for parking. The Automated Parking System is a design that reduces the amount of space required for car parking. The Automated Parking System is used to build multi-story parking systems that increase the number of parking spaces while reducing the amount of land needed for parking lots. The automated parking system provides a driverless system for transporting vehicles to and from parking lots, which eliminates a lot of space wastage that occurs in manual parking multi-story parking lots.
Market Drivers
Increasing Demand for Autonomous Vehicles
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Automakers and governments are concentrating their efforts on developing and promoting safe driving technologies, particularly in passenger vehicles. Furthermore, the majority of those technologies are expected to become indispensable in the near future. The Canadian government, for example, has announced a safe testing programme for all vehicles and the deployment of automated and connected vehicles, as well as raising awareness about driver-assistance technologies.
Market Challenge
The market is expected to be hampered by the high costs associated with automated parking management systems. Because parking management is a necessity in today's world, particularly in urban areas. The cost of installing and maintaining an automated parking management system is high, and it necessitates extremely careful handling and maintenance of the entire system.
Impact of COVID-19
The rapid spread of the pandemic has resulted in a drop in vehicle production around the world. Due to the forced shutdown of manufacturing and production activities caused by the COVID-19 pandemic, the majority of businesses around the world have crumbled. Stakeholders in the automated parking management system market are likely to face challenges as a result of these findings.
To ensure business continuity, companies in the automated parking management system market are identifying changes in customer buying behavior, transforming business models, and adapting to government regulations.
Market Segmentation
The Global Automated Parking System Market is segmented into Component, Structure Type Automation Level, and End-use. Based on the Automation Level, the market is segmented into Fully Automated, Semi-automated. Further, market is segmented into The End-use, the market is segmented into Residential, Commercial, Mixed-use. By Structure Type, AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
Regional Analysis
Global Automated Parking System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe has the largest market share and the rise of initiatives for the development of smart cities, as well as rising demand from commercial and residential buildings, will benefit the market's growth in the region. In these countries, automated parking systems are widely used to save space and reduce vehicle emissions while parking cars. The presence of technologically advanced infrastructure has prompted both the public and private sectors to adopt automated parking solutions to solve parking issues. During the forecast period, the Asia Pacific region is expected to grow significantly. This is due to the large population and the high prevalence of parking on the roads. In addition, a number of smart city projects are being implemented in order to improve citizen services.
Key Players
Various key players are listed in this report such as Skyline Parking; Westfalia Parking; Unitronics (1989) (R”G) Ltd.; Klaus Multiparking GmbH; Robotic Parking Systems, Inc.; Fata Automation, Inc.; City Lift Parking, LLC; Park Plus Inc.; Wohr Parking System Pvt. Ltd.
Market Taxonomy
By Component
- Hardware
- Software
By Structure Type
- AGV System
- Silo System
- Tower System
- Rail Guided Cart (RGC) System
- Puzzle System
- Shuttle System
By Automation Level
- Fully Automated
- Semi-automated
By End-use
- Residential
- Commercial
- Mixed-use
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Automated Parking System Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Automated Parking System Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automated Parking System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automated Parking System Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Automated Parking System Market Share Analysis, By Component
5.3 Global Automated Parking System Market Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Software
6 Global Automated Parking System Market, By Structure Type
6.1 Y-o-Y Growth Comparison, By Structure Type
6.2 Global Automated Parking System Market Share Analysis, By Structure Type
6.3 Global Automated Parking System Market Size and Forecast, By Structure Type
6.3.1 AGV System
6.3.2 Silo System
6.3.3 Tower System
6.3.4 Rail Guided Cart (RGC) System
6.3.5 Puzzle System
6.3.6 Shuttle System
7 Global Automated Parking System Market, By Automation Level
7.1 Y-o-Y Growth Comparison, By Automation Level
7.2 Global Automated Parking System Market Share Analysis, By Automation Level
7.3 Global Automated Parking System Market Size and Forecast, By Automation Level
7.3.1 Fully Automated
7.3.2 Semi-automated
8 Global Automated Parking System Market, By End-use
8.1 Y-O-Y Growth Comparison, By End-use
8.2 Global Automated Parking System Market Share Analysis, By End-use
8.3 Global Automated Parking System Market Size and Forecast, By End-use
8.3.1 Residential
8.3.2 Commercial
8.3.3 Mixed-use
9 Global Automated Parking System Market, By Region
9.1 Global Automated Parking System Market Share Analysis, By Region
9.2 Global Automated Parking System Market Share Analysis, By Region
9.3 Global Automated Parking System Market Size and Forecast, By Region
10 North America Automated Parking System Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Automated Parking System Market Share Analysis, By Component
10.3 North America Automated Parking System Market Size and Forecast, By Structure Type
10.4 North America Automated Parking System Market Size and Forecast, By Automation Level
10.5 North America Automated Parking System Market Size and Forecast, By End-use
10.6 North America Automated Parking System Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Automated Parking System Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Automated Parking System Market Share Analysis, By Component
11.3 Europe Automated Parking System Market Size and Forecast, By Structure Type
11.4 Europe Automated Parking System Market Size and Forecast, By Automation Level
11.5 Europe Automated Parking System Market Size and Forecast, By End-use
11.6 Europe Automated Parking System Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Automated Parking System Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Automated Parking System Market Share Analysis, By Component
12.3 Asia Pacific Automated Parking System Market Size and Forecast, By Structure Type
12.4 Asia Pacific Automated Parking System Market Size and Forecast, By Automation Level
12.5 Asia Pacific Automated Parking System Market Size and Forecast, By End-use
12.6 Asia Pacific Automated Parking System Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Automated Parking System Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Automated Parking System Market Share Analysis, By Component
13.3 Latin America Automated Parking System Market Size and Forecast, By Structure Type
13.4 Latin America Automated Parking System Market Size and Forecast, By Automation Level
13.5 Latin America Automated Parking System Market Size and Forecast, By End-use
13.6 Latin America Automated Parking System Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Automated Parking System Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Automated Parking System Market Share Analysis, By Component
14.3 Middle East Automated Parking System Market Size and Forecast, By Structure Type
14.4 Middle East Automated Parking System Market Size and Forecast, By Automation Level
14.5 Middle East Automated Parking System Market Size and Forecast, By End-use
14.6 Middle East Automated Parking System Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Skyline Parking
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Westfalia Parking
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Unitronics (1989) (R”G) Ltd
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Klaus Multiparking GmbH
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Robotic Parking Systems, Inc
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Fata Automation, Inc
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 City Lift Parking, LLC
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Park Plus Inc
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Wohr Parking System Pvt. Ltd
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10.5 Key Market Developments
16.10.6 Key Strategies