Global Automated Parking System Market Size is estimated to expand rapidly in coming years, at a CAGR of 14.6 % from 2018 to 2025. In 2017, the global market valuation was USD 1.9 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. An automatic parking management mechanism is a mechanical storage and retrieval method in attempt to meet the increasing requirement for secure and easy housing, as there are more and more cars every day. The rider positions the car in an automatic charging scheme at the entrance to the storage region and the car moves from there automatically through the garage and stops in a garage room. The charging method for vehicles is performed by robotic weapons, detectors, transport straps, mechanical swings and software command systems. An electronic bus transfers data from the level of arrival to the parking space and vice versa without human interference in parking aid.
Automated parking management systems reduce the amount of width and depth needed for parking and distance between car parking areas, as there is no need to allow the car to be carried in or to open vehicle doors. Moreover the car is not to be driven to a parking lot by riding routes or lifts. Geographically, Europe is expected to be the highest growing region in the global market of automated parking system.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global automated parking system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automated parking system market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Automation Level Insights: On the basis of automation level, global automated parking system market has been segmented into semi-automated, fully automated. A fully automated car park model can automatically park and collect a vehicle from the car park. The strong competition for consumer comfort and convenience, the growing numbers of housing initiatives and the growing acceptance by building firms of a completely integrated garage scheme drive the completely integrated parking scheme industry. The fully automated parking system increases ability, is efficient, emissions are cut, security and comfort are improved.
By Platform Insights: On the basis of platform, global automated parking system market has been segmented into palleted, non-palleted. Non-palleted automatic parking scheme requires the use and retrieval of elevators, cars and machines in the vehicle mall. Unlike a palleted scheme with two pallet and vehicle handling devices, a non-palleted scheme needs only one vehicle handling scheme. A non-palleted automated car park can reduce cycle time according to primary insights.
The automated parking system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In the UK, Germany, Denmark, Norway, Switzerland, Spain, and the Netherlands the adoption of an automatic parking facility is high. In the process of increasing digital shopping, storage alternatives will be increased, the room will be saved, and vehicle emissions are reduced during storage of a car. Europe is a major provider of automated parking services and has a high-tech history. This has led to personal and government industries adopting automated parking approaches to efficiently manage parking issues. Due to the emerging economic conditions, the growth in the number of financial districts, the growth in smart city development, and increased urbanization in the metropolis, the automated parking industry in North America and Asia Pacific have observed significant changes in recent years.
Global Automated Parking System Market Size, Share Analysis by Region 2017
Global Automated Parking System Market Study Objective
1. To forecast the market size of automated parking system market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of automated parking system market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of automated parking system market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of automated parking system market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the automated parking system market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Skyline Parking AG, CityLift, Robotic Parking Systems, Inc., UNITRONICS, Dayang Parking Co. Ltd., EITO&GLOBAL INC. are some of the key players in the market of automated parking system.
Global Automated Parking System Market Study Report Offer You!
The global automated parking system market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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