Pulished Date September, 2019
ID: 8756
Share on
Share on

Automated Parking System Market Segmented by Automation Level (Semi-Automated, Fully-Automated), End-User (Commercial, Residential, Mixed-use), System (Hardware, Software), by Platform (Palleted and Non-Palleted) and Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2024

Pulished: September, 2019
ID: 8756
Pages: 175

Product Description:

Automated Parking System (APS) is a mechanical development intended to minimize the area and quantity needed for parking vehicles. Like a multi-story parking garage, APS offers multi-level parking for vertically stacked vehicles to increase the number of parking spaces while reducing the use of land. 

Market Overview:

The market for automated parking systems is estimated to be USD 1.3 billion in 2019 and is expected to reach USD 2.9 billion by 2024.

Recent Developments/Projects:

  • In Al-Jahra Court Complex, Kuwait, the Robotic Parking System Inc. built a fully automated parking system that has 11 levels and is capable of accommodating 2,314 vehicles. 
  • In Ibn Battuta Gate, Dubai, the Robotic Parking System Inc. built a fully-automated parking system that has seven levels and is capable of accommodating 768 vehicles. 
  • In the Park Garden, 1450 Garden St, Hoboken, New Jersey, the US, Unitronics built a fully-automated parking system that has six levels and is capable of accommodating 373 vehicles. 

Market Growth:

The market for automated parking systems is expected to expand by 13.1 percent from 2019 to 2027 to achieve a market size of USD 3.6 billion by 2027. One of the market drivers is government initiatives to construct smart cities. 

Drivers and Restraints:

Drivers:

  • Developing countries from the Asia-Pacific region can be an excellent target for the new emerging companies, and it is the correct time to get into the business. 
  • The critical factor that’s driving the growth can be, increase in the number of tall, multi-storeyed buildings which opened up a massive possibility for effective space utilization, resulting in the development of Automated Parking Systems. 
  • There is a huge demand for green and sustainable solutions in the parking industry, with all the environmental concerns and this APS is the right solution for this problem.

Restraints:

  • The initial investment is enormous; it’s not so simple to build ten storied buildings with a long track belt. 

Market Segmentation:

By Automation Type: 

By Automation type, the market is segmented into, Fully-automated and semi-automated systems. A fully automated parking system can automatically park and pick up a vehicle from the parking garage. The strong demand for consumer comfort and convenience, the growing amount of luxury projects and the increasing implementation of a fully automated parking system by building firms are driving the market. The fully automated parking system has improved ability, high effectiveness, decreased emissions and enhanced safety and comfort.

By Platform:

By platform, the market is segmented into Palleted and Non-Palleted. Based on the platform type, the non-palleted platform has a massive advantage over the palleted. The automated parking system utilizes lifts, transfer cars, and robots to park and pick up the vehicle in the parking garage. Unlike a palleted system that generally requires two pallets and car handling systems, a non-palleted system requires only one car handling system. It is expected that a non-palletized type is capable of decreasing cycle time by up to 35%.

Automated Parking System Market Region-wise analysis:

Marked Segmentation Based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil

Of the segmented regions, Europe is expected to lead the world market.  The acceptance of an automated parking system is high in the United Kingdom, Germany, Denmark, Norway, Switzerland, Spain, and the Netherlands. Rising implementation of an automated parking system is anticipated to improve parking alternatives, save room and decrease vehicle emissions while parking. Europe has a state-of-the-art technology background and the existence of major players in automated parking solutions. This further urged the private and public industries to embrace automated parking solutions to manage parking issues efficiently.

Key Players:

Key players in the Automated parking market include Robotic Parking Systems Inc. (the US) and Unitronics (Israel), City Lift (the US), Wohr (Germany), Klaus Multi Parking (Germany), Westfalia (Germany).  Between 2017 and 2019 these market leaders undertook many projects, especially in the regions of Asia-Pacific to expand their market into these regions.

Global Automated Parking Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of Recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of a competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemiology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Automation Level                   

                              5.1.1 Introduction           

                              5.1.2 Semi-Automated   

                              5.1.3 Fully Automated   

                              5.1.4 Y-o-Y Growth Analysis, By Automation Level            

                              5.1.5 Market Attractiveness Analysis, By Automation Level           

                              5.1.6 Market Share Analysis, By Automation Level            

               5.2 End-User                     

                              5.2.1 Introduction           

                              5.2.2 Commercial            

                              5.2.3 Residential              

                              5.2.4 Mixed Use              

                              5.2.5 Y-o-Y Growth Analysis, By End User             

                              5.2.6 Market Attractiveness Analysis, By End User            

                              5.2.7 Market Share Analysis, By Type      

               5.3 System                        

                              5.3.1 Introduction           

                              5.3.2 Hardware 

                              5.3.3 Software  

                              5.3.4 Y-o-Y Growth Analysis, By System  

                              5.3.5 Market Attractiveness Analysis, By System

                              5.3.6 Market Share Analysis, By System  

               5.4 Platform                     

                              5.4.1 Introduction           

                              5.4.2 Palleted    

                              5.4.3 Non-Palleted          

                              5.4.4 Y-o-Y Growth Analysis, By Platform              

                              5.4.5 Market Attractiveness Analysis, By Platform            

                              5.4.9 Market Share Analysis, By Platform              

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Automation Level

                                             6.1.3.3 By End User

                                             6.1.3.4 By System

                                             6.1.3.5 By Platform

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Automation Level

                                             6.1.4.3 By End User

                                             6.1.4.4 By System

                                             6.1.4.5 By Platform

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Automation Level

                                             6.1.5.3 By End User

                                             6.1.5.4 By System

                                             6.1.5.5 By Platform

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Robotic Parking Systems Inc               

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Unitronics                  

               8.3 City Lift                       

               8.4 Wohr                           

               8.5 Klaus Multi Parking                 

               8.6 Westfalia                    

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, Collaborations, and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Composite type, by Industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automated Parking Systems Market By Region, From 2019-2024 ( USD Billion )
  2. Global Automated Parking Systems Market By Automation Level, From 2019-2024 ( USD Billion )
  3. Global Semi-Automated Market By Region, From 2019-2024 ( USD Billion )
  4. Global Fully-Automated Market By Region, From 2019-2024 ( USD Billion )
  5. Global Automated Parking Systems Market By End User, From 2019-2024 ( USD Billion )
  6. Global Commercial Market By Region, From 2019-2024 ( USD Billion )
  7. Global Residential Market By Region, From 2019-2024 ( USD Billion )
  8. Global Mixed-use Market By Region, From 2019-2024 ( USD Billion )
  9. Global Automated Parking Systems Market By System, From 2019-2024 ( USD Billion )
  10. Global Hardware Market By Region, From 2019-2024 ( USD Billion )
  11. Global Software Market By Region, From 2019-2024 ( USD Billion )
  12. Global Automated Parking Systems Market By Platform, From 2019-2024 ( USD Billion )
  13. Global Palleted Market By Region, From 2019-2024 ( USD Billion )
  14. Global Non-Palleted Market By Region, From 2019-2024 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample