Automated Parking Systems Market Supply Chain Dynamics and Forecast 2024-2030

Automated Parking Systems Market Growth or Demand Increase or Decrease for what contains?

The Automated Parking Systems market is currently witnessing significant growth driven by urbanization, increasing vehicle ownership, and the need for efficient use of space in densely populated areas. These systems utilize technology such as robotic platforms, lifts, and sensors to optimize parking space utilization and reduce the time required for parking and retrieval. They offer benefits such as enhanced safety, reduced emissions, and improved user convenience, which appeal to both commercial developers and municipalities looking to alleviate urban congestion.

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Automated Parking Systems Market CAGR Estimation:

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 Segmentation:

by Automation Level

Semi-automated
Fully-automated

As of 2023, the completely automated segment had the highest revenue share over the CAGR. 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

By compound annual growth rate (CAGR) in 2023, the palletized segment led the automated parking systems market. 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. A fresh example of how Sony's IMX500 sensors—which are backed by AI processing—are at the core of three "smart city" trials in Rome, Italy was unveiled by the company in July 2022.

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Automated Parking Systems Market Overview:

The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive Automated Parking Systems market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.

Automated Parking Systems Market Growth or Demand in which regions??

The Automated Parking Systems market is experiencing significant growth across various regions globally, driven by urbanization, increasing vehicle ownership, and the demand for efficient use of space in densely populated areas.

In North America, particularly in cities like New York and San Francisco, there is a strong adoption of automated parking systems due to limited space availability and the need to optimize urban infrastructure. Europe, including countries such as Germany, the UK, and France, is also witnessing substantial growth, propelled by strict regulations on emissions and parking space utilization in urban centers.

Asia-Pacific is emerging as a key growth region for automated parking systems, driven by rapid urbanization and the proliferation of vehicles in countries like China, Japan, and South Korea. These markets are investing heavily in smart city initiatives and infrastructure development, which includes automated parking solutions to address urban congestion and environmental concerns.

The competitive landscape of the Automated Parking Systems market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Automated Parking Systems market. The report employed a bottom-up approach to ascertain Automated Parking Systems market estimations and growth rates.

To gain insights into Automated Parking Systems market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Automated Parking Systems market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Automated Parking Systems Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Automated Parking Systems Market.

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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 is the growth rate of the Automated Parking Systems Market?
Which are the factors expected to drive the Automated Parking Systems market growth?
What are the different segments of the Automated Parking Systems Market?
What are the factors restraining the growth of the Automated Parking Systems Market?
What is the demand pattern of the Automated Parking Systems Market?
What major challenges could the Automated Parking Systems Market face in the future?

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Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size Forecast by different segment |
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

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