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MarketersMEDIA / Newsroom / Global Automated Parking System Market is expected to reach $3.95 billion by 2027 growing at a CAGR of 14.9% during 2018 to 2027.

Global Automated Parking System Market is expected to reach $3.95 billion by 2027 growing at a CAGR of 14.9% during 2018 to 2027.

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Some of the key players in global automated parking system market are Klaus Multiparking Systems, Continental, Bosch, Dayang Parking Co. Ltd, Clarion Co., Ltd., Valeo, Unitronics, Robotic Parking Systems, Inc, Skyline Parking, DENSO Corporation, Parkmatic, Eito&Global Inc., Citylift, and Automotion Parking Systems.

— Some of the key factors influencing the market growth include rising number of vehicles, increasing demand for green & sustainable parking solutions, growing demand for luxury buildings and smart cities initiatives from the government. However, high complexity of the system & issues with quality control are hindering the market growth.

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An automated parking system (APS) is a mechanical system designed to minimize the area and/or volume required for parking cars. Like a multi-story parking garage, an APS provides parking for cars on multiple levels stacked vertically to maximize the number of parking spaces while minimizing land usage. The APS, however, utilizes a mechanical system to transport cars to and from parking spaces in order to eliminate much of the space wasted in a multi-story parking garage.

Amongst End User, The residential segment is estimated to have a lucrative growth due to the high demand for automated parking system in luxury residential facilities, an increasing number of high-rise buildings, and developers’ focus to build low emission sustainable residential building.

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By Geography, Europe is likely to have a huge demand due to the adoption of an automated parking system is high in the UK, Germany, Denmark, Norway, Switzerland, Spain, and the Netherlands. Rising adoption of automated parking system in Europe is expected to enhance parking solutions, save space, and reduce vehicle emission while parking the car.

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Types Covered:
• Rail Guided Cart (RGC) System
• Crane System
• Tower Systems
• Puzzle System
• Silo System
• Automated Guided Vehicles (AGV) System
• Multi Parking
• Rotary Carousel
• Speedy Parking
• Shuttle System
• Optima Parking

Automation Levels Covered:
• Semi-Automated
• Fully Automated

System Types Covered:
• Software
• Hardware

Platform Types Covered:
• Non-Palleted
• Palleted

Number of Levels Covered:
• More Than Level 10
• Level 5-Level 10
• Less Than Level 5

Design Model Types Covered:
• Electro-Mechnical
• Hydraulic

Technologies Covered:
• Sensor Technology
• Mobile Technology
• Radio Frequency Identification (RFID) Technology
• Other technologies

Sales Channels Covered:
• Distribution Channel
• Direct Channel

Services Covered:
• Vehicle Detection Solutions
• Monitoring & Reporting Services
• Integrated Payments
• Space Reservation Services

Vehicle Types Covered:
• Buses
• Car
• Other Vehicle Types

End Users Covered:
• Commercial
• Mixed-Use
• Residential
• Mall
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/global-automated-parking-system-market-is-expected-to-reach-395-billion-by-2027-growing-at-a-cagr-of-149-during-2018-to-2027/88917192

Source: MarketersMedia

Release ID: 88917192

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