Automated Parking Management Systems Market By Component (Hardware, Software), By Platform Type (Palleted, Non-palleted), By Automation Level (Fully Automated, Semi-automated), By End-use (Residential, Commercial, Mixed-use): Global Opportunity Analysis and Industry Forecast, 2021-2031
Automated parking management systems comprise hardware and software components that assist in effective management of vehicle parking. It utilizes a mechanical system to transport vehicles to and from parking spaces in a multi-story parking area. The vehicles are stored in multiple parking lots, stacked vertically in a multi-story parking building or area. In addition, automated parking management systems can be either fully automated or semi-automated. Fully automated parking systems operate like robot valet parking, which in turn eliminate the need for parking attendants. Semi-automated parking systems require few actions by the attendant or the driver. Moreover, automated parking management systems has several advantages such as enhanced parking, reduced congestion, reduced pollution, enhanced user experience, reduced operational & management costs, and improved safety.
Numerous companies operating in the automated parking management systems industry are introducing pallet-based automated robot parking system with electric vehicle charging capabilities to enhance smarter mobility, which supplements the market growth. For instance, in May 2021, Hong Kong Science and Technology Parks Corporation (HKSTP) introduced the Hong Kong’s first automated robotic parking systems with electric vehicle (EV) charging at Hong Kong Science Park. The new facility enables drivers to park their cars onto the pallet inside designated chamber and then confirm at the kiosk to initiate the parking process. The new facility delivers significant space savings by enabling optimal parking in multiple rows and columns, supported by automatic guided vehicles (AGV), which access the parking pallet from multiple angles using omnidirectional movements.
The growth of the global automated parking management systems market is propelling, due to rise in the number of vehicles globally, increase in demand for green parking solutions, and rise in urbanization. However, high initial investment is the factor hampering the growth of the market. Furthermore, initiative for smart cities is the factor expected to offer growth opportunities during the forecast period.
The automated parking management systems market is segmented on the basis of component, platform type, automation level, end-use, and region. By component, the market is segmented into hardware and software. By platform type, the market is fragmented into palleted and non-palleted. By automation level, the market is classified into fully automated and semi-automated. By end-use, the market is categorized into residential, commercial, and mixed-use. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automated parking management systems market analysis from 2021 to 2031 to identify the prevailing automated parking management systems market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automated parking management systems market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automated parking management systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
By Platform Type
Palleted
Non-palleted
By Automation Level
Fully Automated
Semi-automated
By End-use
Residential
Commercial
Mixed-use
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
FATA Automation
Fehr Lagerlogistik AG
Unitronics 1989 RG Ltd
KLAUS Multiparking GmbH
Westfalia Technologies Inc.
Amano Corporation
Flowbird Group
IBM Corporation
Robotic Parking Systems, Inc.
Siemens AG
SKIDATA GmbH
Streetline, Inc.
SWARCO AG
T2 Systems
Xerox Corporation
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