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:
Automated Parking Systems Market research report analyses and evaluates market’s position over the projected period.It is a thorough investigation that focuses on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The study also looks at key players, large collaborations, mergers, and acquisitions, as well as trending innovation and corporate strategies.
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We investigated the Automated Parking Systems Market from every angle, using both primary and secondary research methods. This aided us in developing a grasp of current market dynamics, such as supply-demand imbalances, price trends, product preferences, consumer behaviors, and so on. The data is then assembled and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting model that predicts market growth until 2027.
The top authors, researchers, and analysts collated and summarised the evaluation of the impact of recommendations on market activity. The research contains data based on the market’s historical and present situations, as well as other components impacting the market’s development path. It includes the most recent and up-to-date information on the worldwide Automated Parking Systems market landscape. The analysis goes into information about demand, revenue forecasts, volume, share, growth, kinds, applications, and sales, among other things. The research examines a variety of crucial restrictions, including item pricing, manufacturing capacity, profit and loss figures, and distribution methods.
By Component Type, the automated parking systems market is divided into hardware and software segments based on components. The market for smart parking systems is dominated by the hardware segment, which includes pucks, cameras & LPRs, smart meters, signs, and parking gates. Smart meters and cameras are frequently used in on-street parking. Cities’ growing need for on-street parking has led to widespread hardware adoption. Governments are placing more equipment and cameras on the road to maintain traffic flow because most people leave their cars parked there for several hours, which is causing smart parking systems to become more popular. In July 2022, Sony released a new demonstration of how its IMX500 sensors, supported by AI processing, are at the center of three “smart city” experiments in Rome, Italy.
Global Automated Parking Systems Market, by Automation Level (2022-2029)
Global Automated Parking Systems Market, by Platform Type (2022-2029)
Global Automated Parking Systems Market, by Component (2022-2029)
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The analysis also focuses on the worldwide key industry players of the Automated Parking Systems Market, including information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This research looks at the Automated Parking Systems Market Trend, volume, and value on a global, regional, and corporate level. This study shows the entire Automated Parking Systems Market Size from a worldwide perspective by analyzing historical data and prospects. The research covers leading Automated Parking Systems market companies and evaluates their market rankings. The players highlighted in this report are as follows:
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)
12.Klaus Multiparking GmbH (Germany)
13.Cleverciti Systems GmbH (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)
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The study offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Automated Parking Systems market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each region’s Automated Parking Systems market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.
COVID-19 Impact Analysis on Automated Parking Systems Market:
We have studied and analyzed in detail, Automated Parking Systems Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the Automated Parking Systems industry’s potential, providing statistical information about market dynamics, growth factors, major challenges, PORTAL analysis, and market entry strategy analysis, opportunities, and forecasts. The report’s main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.
Key Questions Answered in the Automated Parking Systems Market Report are:
- What are some of the most promising high-growth opportunities in the Automated Parking Systems market by product type and End User and Region?
- Which Automated Parking Systems market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
- What are the primary elements influencing Automated Parking Systems market dynamics? What are the market drivers and challenges for the Automated Parking Systems market?
- What are the Automated Parking Systems market’s business risks and threats?
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