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 report provides the current state of the Automated Parking Systems market by thorough analysis, and projections are made up to 2030.

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Automated Parking Systems Market Scope and Methodology:

The Automated Parking Systems market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Automated Parking Systems market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Automated Parking Systems market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Automated Parking Systems market were developed. The study provides a thorough value chain analysis that clarifies the Automated Parking Systems production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Automated Parking Systems market on a global and micro level.

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Automated Parking Systems Market Regional Insights :

The size and trends in the Automated Parking Systems market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Automated Parking Systems Market Segmentation:

by Automation Level

Semi-automated
Fully-automated

The completely automated segment had the highest revenue share of over 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

According to Platform Type, the market for automated parking systems was led by the palleted segment by CAGR in 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)

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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?
• Which are the factors expected to drive the Automated Parking Systems market growth?
• Who are the leading companies and what are their portfolios in Automated Parking Systems Market?
• What growth strategies are the players considering to increase their presence in Automated Parking Systems?
• What are the upcoming industry applications and trends for the Automated Parking Systems Market?
• What will be the CAGR at which the Automated Parking Systems market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Parking Systems Market?
• What are the different segments of the Automated Parking Systems Market?
• What is the growth rate of 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 key challenges and opportunities in the Automated Parking Systems market?
• Which application holds the highest potential 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
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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