The automated parking system market is expected to grow from US$ 1,411.59 million in 2021 to US$ 3,543.77 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2021 to 2028. The automated parking system market in APAC is further segmented into China, India, Japan, Australia, and South Korea. The automated parking systems use AI and robotics to provide a0020smarter, more advanced car parking experience. This ensures next-level convenience for drivers as their vehicles can be automatically parked within a few minutes without the need to look for a parking place.

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Automated Parking System Market Company Profiles Analysis:

·         AJ Automated Parking Systems

·         CityLift

·         FATA Automation

·         KLAUS Multiparking GmbH

·         Park Plus, Inc.

·         Parkmatic

·         Robotic Parking Systems, Inc.

·         SKYLINE PARKING

·         unitronics

·         WESTFALIA TECHNOLOGIES, INC.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Automated Parking System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Automated Parking System market segments and regions.

Market Segmentation:

By Component (Hardware and Software), Automation Level (Semi-Automated and Fully-Automated), Platform (Palleted and Non-Palleted), and End User (Commercial, Mixed-Use, and Residential)

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automated Parking System Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Reason to Buy

·         Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automated Parking System Market.

·         Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

·         The key findings and recommendations highlight crucial progressive industry trends in the Automated Parking System Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 

·         Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

·         Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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