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:
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:
Restraints:
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:
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. 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
