Global Multi-Storey Car Parks Market Growth 2023-2029

Global Multi-Storey Car Parks Market Growth 2023-2029

According to our (LP Info Research) latest study, the global Multi-Storey Car Parks market size was valued at US$ 2845.7 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Multi-Storey Car Parks is forecast to a readjusted size of US$ 3516.7 million by 2029 with a CAGR of 3.1% during review period.

The research report highlights the growth potential of the global Multi-Storey Car Parks market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Multi-Storey Car Parks 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 Multi-Storey Car Parks. 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 Multi-Storey Car Parks market.

Multi-storey car parks, also called automated (car) parking system (APS), is a mechanical system designed to minimize the area and/or volume required for parking cars. Like a multi-story parking garage, an APS provides parking for cars on multiple levels stacked vertically to maximize the number of parking spaces while minimizing land usage. The APS, however, utilizes a mechanical system to transport cars to and from parking spaces (rather than the driver) in order to eliminate much of the space wasted in a multi-story parking garage. While a multi-story parking garage is similar to multiple parking lots stacked vertically, an APS is more similar to an automated storage and retrieval system for cars.

Global multi-storey car parks include XIZI Parking System, Wuyang Parking, Dayang Parking, Yeefung Industry Equipment and Tongbao Parking Equipment. Global top 5 companies hold a share about 20%. Asia Pacific is the largest market, with a share over 80%, followed by Europe and North America with the share about 10% and 4%. In terms of product, multi parking is the largest segment, with a share over 55%. And in terms of application, the largest application is Residential, with a share about 45%.

Key Features:

The report on Multi-Storey Car Parks 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 Multi-Storey Car Parks market. It may include historical data, market segmentation by Type (e.g., Semi-automatic Type, Fully-automatic Type), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Multi-Storey Car Parks 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 Multi-Storey Car Parks 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 Multi-Storey Car Parks industry. This include advancements in Multi-Storey Car Parks technology, Multi-Storey Car Parks new entrants, Multi-Storey Car Parks new investment, and other innovations that are shaping the future of Multi-Storey Car Parks.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Multi-Storey Car Parks market. It includes factors influencing customer ' purchasing decisions, preferences for Multi-Storey Car Parks product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Multi-Storey Car Parks market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Multi-Storey Car Parks 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 Multi-Storey Car Parks market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Multi-Storey Car Parks 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 Multi-Storey Car Parks market.

Market Segmentation:

Multi-Storey Car Parks 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 Type
Fully-automatic Type

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.
XIZI Parking System
Wuyang Parking
Dayang Parking
Yeefung Industry Equipment
Tongbao Parking Equipment
IHI Parking System
ShinMaywa
Klaus Multiparking
Maoyuan Parking Equipment
Wohr
HUBER
AJ Automated Parking Systems
Huaxing intelligent parking
Lödige Industries
Groupe Briand
CIMCIOT
MHI Parking
Goldbeck
Tada
PARI
RR Parkon
Nissei Build Kogyo
Bourne Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Multi-Storey Car Parks market?

What factors are driving Multi-Storey Car Parks market growth, globally and by region?

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

How do Multi-Storey Car Parks market opportunities vary by end market size?

How does Multi-Storey Car Parks 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.