Global Automated Parking Systems Market study by “The Maximize Market Research” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Global Automated Parking Systems Market size was valued at US$ 1.38 Bn. in 2021 and the total revenue is expected to grow at 15.2% of CAGR through 2022 to 2029, reaching nearly US$ 4.28 Bn.
Automated Parking Systems Market Overview:
The Automated Parking Systems market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Automated Parking Systems Market size, as well as the reasons for variations in the industry's growth across a number of sectors.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
The completely automated segment experienced the highest revenue growth in 2021, with a CAGR of over xx%. Robotic valet parking is a form of automated parking system that is similar to a fully automated parking system. The car must be driven until it arrives at an APS entry place. The driver and all other passengers must leave the vehicle. The ticket is given to the driver when payment is made at a nearby automated terminal. The car is lifted by the mechanical system and relocated to a designated parking spot in the system once all of the passengers have left the entry area. The more advanced, fully automated APS collects automobile dimensions and chooses an appropriate spot for them.
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Automated Parking Systems market are as follows:
• Skyline Parking AG
• Westfalia Parking
• Unitronics (1989) (R”G) Ltd.
• Klaus Multiparking GmbH
• Robotic Parking Systems, Inc.
• City Lift Parking, LLC
• Park Plus Inc.
• Wohr Parking System Pvt. Ltd.
• Parkmatic
• AutoMotion Parking Systems
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Automated Parking Systems market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automated Parking Systems Market:
Due to a stop in operations, end-user sectors where Automated Parking Systems industry are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Automated Parking Systems manufacturers, hurting the growth of the Automated Parking Systems market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Automated Parking Systems has fallen.
Key Questions Answered in the Automated Parking Systems Market Report are:
- In 2021, which segment accounted for the most share of the Automated Parking Systems market Trends?
- What is the competitive landscape of the Automated Parking Systems market product?
- What are the key factors influencing Automated Parking Systems market growth?
- In the Automated Parking Systems market, which region has the most market share?
- What will be the CAGR of the Automated Parking Systems market during the forecast period (2022-2029)?
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automated Parking Systems Market News.
- Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Automated Parking Systems Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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