Automated Parking Systems Market size is expected to Reach US$ 4.28 Bn By 2029

Automated Parking Systems Market

Automated Parking Systems Market size was valued at US$ 1.58 Bn. in 2022 and the total revenue is expected to grow at 15.2% of CAGR through 2023 to 2029, reaching nearly US$ 4.28 Bn.

Automated Parking Systems Market Overview

The Automated Parking Systems Market research report provides a comprehensive analysis of the market, including its current state, future trends, and key players. The report also provides insights into the dynamics of the market, such as the factors driving and restraining its growth.

Automated Parking Systems Market Dynamics

The newest innovation, robot parking, allows vehicles to use a lot that is run entirely by robotic machinery. It entails automated car parking that is accessible at the touch of a button, including automatic barriers, ramps, and other emerging technology that is anticipated to improve the car parking experience in the future and, in turn, to fuel the growth of the automated parking systems market over the course of the forecast period.

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Automated Parking Systems Market Report Scope and Research Methodology

The Automated Parking Systems market report aims to provide a comprehensive analysis of the market by covering the following aspects:

  • Current market size and growth potential
  • Key market drivers and restraints
  • Competitive landscape
  • Market segmentation
  • Market trends
  • Key industry developments

The report uses a variety of research methodologies, including primary and secondary research, to gather data and insights. The primary research includes interviews with industry experts and stakeholders, while the secondary research includes data from government agencies, trade associations, and industry publications. The report is a valuable resource for industry stakeholders, as it provides them with the information they need to make informed decisions about the market.

Automated Parking Systems Market Regional Insights

The Automated Parking Systems market is segmented by region into North America, South America, Europe, Asia Pacific, Africa, and the Middle East. The report provides a detailed analysis of the market in each region, including the size, growth potential, and key players.

Automated Parking Systems Market Segmentation

The completely automated segment had the highest revenue share by automation level (over% CAGR) in 2022. Robotic valet parking is a form of automated parking system that is similar to a fully automated parking system. The car must be driven until it arrives at an APS entry place. The driver and all other passengers must leave the vehicle. The ticket is given to the driver when payment is made at a nearby automated terminal.

By platform type, the palleted sector held a % CAGR market share for automated parking systems in 2022. These techniques facilitate vehicle mobility in the parking spot because cars cannot be pushed or lifted without the driver. These parking options are anticipated to advance in the future as more individuals choose to work from home since they enhance vehicle security, enhance urban ambiance, and offer higher parking densities than traditional car parks. The complexity of transportation systems is reduced by these solutions’ lack of car-size accommodations.

The market for automated parking systems is segmented by component type into hardware and software divisions. The hardware sector, which comprises pucks, cameras & LPRs, smart meters, signage, and parking gates, dominates the market for smart parking systems. On-street parking commonly makes use of smart meters and cameras. Hardware adoption has become commonplace as a result of cities’ expanding requirement for on-street parking. Because most people leave their cars parked there for several hours, governments are increasing the equipment and cameras on the road to regulate traffic flow, which is leading smart parking systems to gain popularity. The IMX500 sensors from Sony, supplemented by AI processing, are at the core of three “smart city” studies that were revealed in July 2022.

1 Global Automated Parking Systems Market, by Automation Level (2022-2029)
• Semi-automated
• Fully-automated
2 Global Automated Parking Systems Market, by Platform Type (2022-2029)
• Palleted
• Non-palleted
3 Global Automated Parking Systems Market, by Component (2022-2029)
• Handwear
• Software

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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)

Key questions answered in the Automated Parking Systems Market are:

  • What is Automated Parking Systems?
  • Which Automated Parking Systems market segment is expected to grow rapidly during the forecast period?
  • Who are the top players in the Automated Parking Systems industry?
  • What is the expected Automated Parking Systems Market size by 2029?
  • What was the Automated Parking Systems Market size in 2022?
  • Which region is expected to grow at a high CAGR during the forecast period?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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