According to the report the global automated parking systems market reached a value of USD 1.82 billion in 2022. Aided by the escalating demand for efficient car parking solutions and the rising applications of automated parking systems across various sectors, the market is projected to further grow at a CAGR of 11.37% between 2023 and 2028 to reach a value of USD 3.82 billion by 2028.
Automated parking systems, as a technology-driven solution, minimise the area required for parking vehicles and can typically accommodate more cars in less space compared to traditional parking methods. These systems offer greater convenience and safety, and reduce the time taken to park and retrieve vehicles. Moreover, automated parking systems contribute to reducing emissions, congestion, and fuel consumption, thus aligning with global sustainability goals.
The expanding consumer preference for time-saving and convenient solutions is a major force propelling the global automated parking systems market growth. In an era marked by the rapid pace of life and high value of time, the demand for swift, efficient, and automated solutions has soared. Automated parking systems, with their reduced parking times and user-friendly interfaces, have tapped into this trend, leading to a surge in demand.
In addition, increasing urbanisation and the consequent scarcity of parking space have further escalated the demand for automated parking systems. The shrinking availability of urban land, combined with the rise in vehicle ownership, presents a unique challenge that automated parking systems are equipped to tackle. These systems optimise the use of vertical space and are thus particularly suitable for densely populated urban settings.
The applicability of automated parking systems in various sectors also significantly contributes to automated parking systems market development. These systems are being increasingly integrated into commercial buildings, residential complexes, shopping malls, and public spaces. Additionally, they are gaining traction in sectors like healthcare and transportation, where managing parking space efficiently is critical.
Moreover, the ongoing technological advancements in automated parking systems, such as the incorporation of IoT, AI, and machine learning, are fuelling automated parking systems market expansion. These advancements allow for enhanced operational efficiency, predictive maintenance, and personalised user experience, thereby making automated parking systems more attractive to end users.
Further, the growth in smart city projects worldwide is leading to an increased focus on automated parking systems as a key component of urban infrastructure. With the rise of smart cities and the increasing emphasis on sustainable urban living, automated parking systems are recognised as a solution that addresses both efficiency and sustainability, thereby, invigorating the growth of the global automated parking systems market.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Automated parking systems, as a technology-driven solution, minimise the area required for parking vehicles and can typically accommodate more cars in less space compared to traditional parking methods. These systems offer greater convenience and safety, and reduce the time taken to park and retrieve vehicles. Moreover, automated parking systems contribute to reducing emissions, congestion, and fuel consumption, thus aligning with global sustainability goals.
The expanding consumer preference for time-saving and convenient solutions is a major force propelling the global automated parking systems market growth. In an era marked by the rapid pace of life and high value of time, the demand for swift, efficient, and automated solutions has soared. Automated parking systems, with their reduced parking times and user-friendly interfaces, have tapped into this trend, leading to a surge in demand.
In addition, increasing urbanisation and the consequent scarcity of parking space have further escalated the demand for automated parking systems. The shrinking availability of urban land, combined with the rise in vehicle ownership, presents a unique challenge that automated parking systems are equipped to tackle. These systems optimise the use of vertical space and are thus particularly suitable for densely populated urban settings.
The applicability of automated parking systems in various sectors also significantly contributes to automated parking systems market development. These systems are being increasingly integrated into commercial buildings, residential complexes, shopping malls, and public spaces. Additionally, they are gaining traction in sectors like healthcare and transportation, where managing parking space efficiently is critical.
Moreover, the ongoing technological advancements in automated parking systems, such as the incorporation of IoT, AI, and machine learning, are fuelling automated parking systems market expansion. These advancements allow for enhanced operational efficiency, predictive maintenance, and personalised user experience, thereby making automated parking systems more attractive to end users.
Further, the growth in smart city projects worldwide is leading to an increased focus on automated parking systems as a key component of urban infrastructure. With the rise of smart cities and the increasing emphasis on sustainable urban living, automated parking systems are recognised as a solution that addresses both efficiency and sustainability, thereby, invigorating the growth of the global automated parking systems market.
Market Segmentation
The market can be divided based on component, structure, platform, automation level, parking level, design model, end-use, and region.Market Breakup by Component
- Hardware
- Software
Market Breakup by Structure
- AGV (Automated Guided Vehicles)
- Rail Guided Cart (RGC) System
- Silo System
- Shuttle System
- Tower System
- Puzzle System
Market Breakup by Platform
- Palleted
- Non-palleted
Market Breakup by Automation Level
- Fully Automated
- Semi - Automated
Market Breakup by Parking Level
- Less than Level 5
- Level 5- Level 10
- More than Level 10
Market Breakup by Design Model
- Hydraulic
- Electro-Mechanical
Market Breakup by End-Use
- Residential
- Commercial
- Government Parking Lots
- Mixed-Use
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automated parking systems companies. Some of the major key players explored in the report are as follows:- Robotic Parking Systems, Inc.
- Fata Automation, Inc.
- Lödige Industries GmbH
- ShinMaywa Industries, Ltd.
- Park Plus, Inc.
- Robotic Parking Systems, Inc.
- Westfalia Technologies, Inc
- Fehr Lagerlogistik AG
- Unitronics (1989) (R”G) Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automated Parking Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Automated Parking Systems Historical Market (2018-2022)
8.3 Global Automated Parking Systems Market Forecast (2023-2028)
8.4 Global Automated Parking Systems Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Automated Parking Systems Market by Structure
8.5.1 AGV (Automated Guided Vehicles)
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Rail Guided Cart (RGC) System
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Silo System
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Shuttle System
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Tower System
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Puzzle System
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.6 Global Automated Parking Systems Market by Platform
8.6.1 Palleted
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Non-palleted
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Automated Parking Systems Market by Automation Level
8.7.1 Fully Automated
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Semi - Automated
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Automated Parking Systems Market by Parking Level
8.8.1 Less than Level 5
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Level 5- Level 10
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 More than Level 10
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.9 Global Automated Parking Systems Market by Design Model
8.9.1 Hydraulic
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Electro-Mechanical
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.10 Global Automated Parking Systems Market by End-Use
8.10.1 Residential
8.10.1.1 Historical Trend (2018-2022)
8.10.1.2 Forecast Trend (2023-2028)
8.10.2 Commercial
8.10.2.1 Historical Trend (2018-2022)
8.10.2.2 Forecast Trend (2023-2028)
8.10.3 Government Parking Lots
8.10.3.1 Historical Trend (2018-2022)
8.10.3.2 Forecast Trend (2023-2028)
8.10.4 Mixed-Use
8.10.4.1 Historical Trend (2018-2022)
8.10.4.2 Forecast Trend (2023-2028)
8.11 Global Automated Parking Systems Market by Region
8.11.1 North America
8.11.1.1 Historical Trend (2018-2022)
8.11.1.2 Forecast Trend (2023-2028)
8.11.2 Europe
8.11.2.1 Historical Trend (2018-2022)
8.11.2.2 Forecast Trend (2023-2028)
8.11.3 Asia Pacific
8.11.3.1 Historical Trend (2018-2022)
8.11.3.2 Forecast Trend (2023-2028)
8.11.4 Latin America
8.11.4.1 Historical Trend (2018-2022)
8.11.4.2 Forecast Trend (2023-2028)
8.11.5 Middle East and Africa
8.11.5.1 Historical Trend (2018-2022)
8.11.5.2 Forecast Trend (2023-2028)
9 North America Automated Parking Systems Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automated Parking Systems Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automated Parking Systems Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automated Parking Systems Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automated Parking Systems Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robotic Parking Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Fata Automation, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lödige Industries GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ShinMaywa Industries, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Park Plus, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Robotic Parking Systems, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Westfalia Technologies, Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Fehr Lagerlogistik AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Unitronics (1989) (R”G) Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Robotic Parking Systems, Inc.
- Fata Automation, Inc.
- Lödige Industries GmbH
- ShinMaywa Industries, Ltd.
- Park Plus, Inc.
- Robotic Parking Systems, Inc.
- Westfalia Technologies, Inc
- Fehr Lagerlogistik AG
- Unitronics (1989) (R” G) Ltd.
Methodology
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