According to HTF Market Report, Global Automated Parking Systems market is expected to grow from USD 5 Billion in 2023 USD 10.8 Billion by 2032, with a CAGR of 11.3% from 2024 to 2032.
HTF MI recently introduced Global Automated Parking Systems Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Konecranes (Finland), Westfalia (Germany), Parkmatic (USA), Unitronics (Israel), Amano McGann (Japan), Robotic Parking Systems (USA), Skyline Parking (Switzerland), Park Plus (USA), Klaus Multiparking (Germany), Lödige Industries (Germany), Boomerang Systems (USA), AutoMotion Parking Systems (USA), Parkmatic (USA), Wohr Parking Systems (Germany), Dexion (Australia), CityLift (USA), Eito & Global Inc (Japan), Cardok (Switzerland), APT Global (UAE), Dongyang Menics (South Korea).
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The Automated Parking Systems market is segmented by Types (Mechanical Systems, Fully Automated, Semi-Automated, Robotic, Puzzle Parking Systems), Application (Residential Parking, Commercial Parking, Airports, Shopping Malls, Hospitals) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
Automated Parking Systems use advanced technologies to optimize parking space usage and improve user convenience in urban areas. These systems reduce the need for large parking spaces by automating vehicle storage and retrieval. They are commonly found in high-density areas, supporting sustainability goals by minimizing fuel consumption and emissions associated with searching for parking spaces, and are a solution to urban congestion challenges.
Market Trends:
- Integration with smart cities, Touchless technology,AI-powered navigation
Market Drivers:
- Urban space limitations, Increase in vehicle ownership, Demand for sustainable solutions
Market Challenges:
- High initial costs, Maintenance and tech support, Limited public awareness
Dominating Region:
- Europe
Fastest-Growing Region:
- Asia Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Automated Parking Systems market segments by Types: Mechanical Systems, Fully Automated, Semi-Automated, Robotic, Puzzle Parking Systems
Detailed analysis of Automated Parking Systems market segments by Applications: Residential Parking, Commercial Parking, Airports, Shopping Malls, Hospitals
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Automated Parking Systems Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Automated Parking Systems Market:
Chapter 01 – Automated Parking Systems Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Automated Parking Systems Market – Pricing Analysis
Chapter 05 – Global Automated Parking Systems Market Background or History
Chapter 06 — Global Automated Parking Systems Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Automated Parking Systems Market
Chapter 08 – Global Automated Parking Systems Market Structure & worth Analysis
Chapter 09 – Global Automated Parking Systems Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Automated Parking Systems Market Research Methodology
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