Automated Parking Systems Market Worldwide Analysis, Future Trends and Regional Forecast To 2030

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 Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Automated Parking Systems Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Automated Parking Systems Market, with forecasts outspreading to the year 2030.

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Automated Parking Systems Market Scope and Methodology:

The main objective of the study is to provide a comprehensive examination of the global Automated Parking Systems market, focusing on a market-oriented approach. This involves understanding the market's dynamics, significant trends, growth drivers, obstacles, and potential opportunities. Data is gathered from primary and secondary research techniques. Primary data collection includes interacting with essential stakeholders in the Automated Parking Systems market, including manufacturers, suppliers, distributors, retailers, end-users, and industry experts, via interviews and surveys. Information obtained from sources such as industry reports, market analyses, company websites, annual reports, trade journals, government publications, and databases constitutes secondary data.

Automated Parking Systems Market segmentation is carried out using various factors such as product, component, size and installation location, and geographical regions like North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Additionally, a prediction model is developed by using past data, current market trends, and future estimates to estimate the market's size and potential growth during the expected timeframe. An in-depth analysis of the competitive environment is carried out, exploring the market strategies, product portfolios, technological advancements, and market positioning of key players. This in-depth examination aims to offer practical insights and support informed decision-making for stakeholders in the Automated Parking Systems industry.

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Automated Parking Systems Market Segmentation:

by Automation Level

Semi-automated
Fully-automated

The completely automated segment had the highest revenue share of over the CAGR in 2023 according to the Automation level. 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 Platform Type, the market for automated parking systems was led by the palleted segment, which had a CAGR of during 2023. 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

The market for automated parking systems is split into hardware and software categories according on component type. 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.

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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)

Automated Parking Systems Market Regional Insights:

The Automated Parking Systems Market report is segmented into numerous key countries. Countries like North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries, South America, Brazil, and the Middle East and Africa.

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Key questions answered in the Automated Parking Systems Market are:

What is Automated Parking Systems?
What was the Automated Parking Systems Market size in 2023?
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 upcoming opportunities and trends for the Automated Parking Systems Market?
What segments are covered in the Automated Parking Systems Market?
Who are the key players in the Automated Parking Systems Market?
What are the different segments of the Automated Parking Systems Market?
Who are the leading companies and what are their portfolios in Automated Parking Systems Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Parking Systems Market?
What growth strategies are the players considering to increase their presence in Automated Parking Systems?
What is the CAGR at which the Automated Parking Systems Market will grow during the forecast period?
Which is the fastest growing region in the Automated Parking Systems Market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
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