Automated Parking System (APS) Market 2024-2028
The automated parking system (APS) market is forecasted to grow by USD 3589 mn during 2023-2028, accelerating at a CAGR of 20.01% during the forecast period. The report on the automated parking system (APS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing urbanization, space optimization, and technological advancements.
Technavio's automated parking system (APS) market is segmented as below:
- By Component
- Hardware
- Software
- By End-user
- Commercial
- Residential
- Mixed-use
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the integration with smart city initiatives as one of the prime reasons driving the automated parking system (APS) market growth during the next few years. Also, modular and scalable solutions and service-based models will lead to sizable demand in the market.
The report on the automated parking system (APS) market covers the following areas:
- Automated parking system (APS) market sizing
- Automated parking system (APS) market forecast
- Automated parking system (APS) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automated parking system (APS) market vendors that include AJ Automated Parking Systems Co. Ltd., Amano Corp., Automated Robotic Parking, AutoMotion Parking Systems LLC, Danieli and C. Officine Meccaniche Spa, EITO and GLOBAL Inc., Expert Parking Systems Pvt. Ltd., fehr Lagerlogistik AG, IHI Corp., KLAUS Multiparking GmbH, Konecranes, Mitsubishi Electric Corp., Nissei Build Kogyo Co. Ltd., Park Plus Inc., Parkmatic, SHANDONG TADA AUTO PARKING CO. LTD., STOPA Anlagenbau GmbH, Unitronics Ltd., Westfalia Technologies Inc., and Wohr Parking Systems Pvt. Ltd.. Also, the automated parking system (APS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.