A Global Automated Parking System Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Automated Parking System industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Automated Parking System market, this study covers qualitative and quantitative aspects of the Automated Parking System market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2030 for the Automated Parking System market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies. Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Automated Parking System industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Automated Parking System industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Automated Parking System industry.

The global automated parking system market size was USD 1319.9 Million in 2021 and is expected to register a revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for sustainable parking solutions and rapid urbanization is a key factor driving market revenue growth.

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The latest study provides an insightful analysis of the broad competitive landscape of the global Automated Parking System market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Automated Parking System market and pinpoint the fundamental growth trends.  

Key Companies Profiled in the Report are

Robotic Parking Systems, Inc., Skyline Parking, Klaus Multiparking, Westfalia Parking, FATA Automation, Park+, Unitronics Inc., Parkmatic, Wohr Parking Systems Pvt. Ltd., and T2 Systems

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East Africa
• Asia Pacific

Key Points Covered in This Section:

• Regional contribution
• Estimated revenue generation
• Vital data and information about the consumption rate in all the leading regional segments
• An expected rise in market share
• Forecast growth in the overall consumption rate

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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

On the basis of type, the market is segmented into

• Component Outlook (Revenue, USD Million; 2019-2030)

  • Hardware
  • Software

• Application Outlook (Revenue, USD Million; 2019-2030)

  • Commercial parking
  • Residential parking

• Structure Type Outlook (Revenue, USD Million; 2019-2030)

  • Silo system
  • Tower system
  • Puzzle system
  • Shuttle system
  • Rail Guided Cart (RGC) system
  • Automated Guided Vehicle (AGV) system

Report Highlights:

• Besides offering a vivid depiction of the global Automated Parking System business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
• The report scrutinizes the salient factors influencing the growth of the market in the near future.
• The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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