Global Automated Parking Systems Market Growth 2023-2029

Global Automated Parking Systems Market Growth 2023-2029

According to our (LP Info Research) latest study, the global Automated Parking Systems market size was valued at US$ 2246.7 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Automated Parking Systems is forecast to a readjusted size of US$ 2772.5 million by 2029 with a CAGR of 3.0% during review period.

The research report highlights the growth potential of the global Automated Parking Systems market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Automated Parking Systems are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automated Parking Systems. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automated Parking Systems market.

Automated parking system industry has a low level of market concentration, for top 10 companies only occupying less than 30% of the global market. Global important companies in automated parking systems include ShinMaywa, IHI Parking System and Wuyang Parking. Geographically speaking, Asia-Pacific holds over 60% of global market share, followled by Europe of nearly 20%. In terms of type, semi-automatic type holds a well share of over 80%, while fully-automatic type only takes nearly 20%. In terms of application, business area takes a great percentage of over 60%, while residential area takes nearly 20%.

Key Features:

The report on Automated Parking Systems market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Automated Parking Systems market. It may include historical data, market segmentation by Type (e.g., Semi-automatic Automated Parking Systems, Fully-automatic Automated Parking Systems), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automated Parking Systems market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Automated Parking Systems market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Automated Parking Systems industry. This include advancements in Automated Parking Systems technology, Automated Parking Systems new entrants, Automated Parking Systems new investment, and other innovations that are shaping the future of Automated Parking Systems.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automated Parking Systems market. It includes factors influencing customer ' purchasing decisions, preferences for Automated Parking Systems product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automated Parking Systems market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automated Parking Systems market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automated Parking Systems market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automated Parking Systems industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automated Parking Systems market.

Market Segmentation:

Automated Parking Systems market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Semi-automatic Automated Parking Systems
Fully-automatic Automated Parking Systems

Segmentation by application
Residential
Public
Business

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ShinMaywa
IHI Parking System
Wuyang Parking
MHI Parking
Goldbeck
XIZI Parking System
Wohr
HUBER
Tongbao Parking Equipment
Huaxing intelligent parking
Yeefung Industry Equipment
AJ Dongyang Menics
Dayang Parking
Klaus Multiparking
Nissei Build Kogyo
Qingdao Desiree Intelligent Equipment
Lödige Industries
Tada
PARI
RR Parkon
Maoyuan Parking Equipment
CIMCIOT
Astron Buildings
Groupe Briand
Bourne Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automated Parking Systems market?

What factors are driving Automated Parking Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automated Parking Systems market opportunities vary by end market size?

How does Automated Parking Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.