Automated Parking System Trends and Forecast
The future of the global automated parking system market looks promising with opportunities in the residential, commercial, and mixed-use markets. The global automated parking system market is expected to reach an estimated $2.8 billion by 2030 with a CAGR of 12.7% from 2024 to 2030. The major drivers for this market are increasing production of vehicles and rising interest in eco-friendly and sustainable parking options.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automated Parking System by Segment
The study includes a forecast for the global automated parking system by structure type, platform type, automation level, end use, and region.
Automated Parking System Market by Structure Type [Shipment Analysis by Value from 2018 to 2030]:
• Agv System
• Silo System
• Tower System
• Rail Guided Cart (RGC) System
• Puzzle System
• Shuttle System
Automated Parking System Market by Platform Type [Shipment Analysis by Value from 2018 to 2030]:
• Palleted
• Non-Palleted
Automated Parking System Market by Automation Level [Shipment Analysis by Value from 2018 to 2030]:
• Fully Automated
• Semi-Automated
Automated Parking System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Mixed-Use
Automated Parking System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automated Parking System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated parking system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated parking system companies profiled in this report include-
• Skyline Parking
• Westfalia Parking
• Unitronics
• Klaus Multiparking
• Robotic Parking Systems
• City Lift Parking
• Park Plus
• Wohr Parking System
• Parkmatic
• AutoMotion Parking Systems
Automated Parking System Market Insights
Lucintel forecasts that palleted will remain the larger segment over the forecast period.
Within this market, commercial will remain the largest segment due to increasing demand for parking spaces in commercial buildings & shopping complexes.
Europe will remain the largest region over the forecast period due to increasing demand for automated parking systems from residential and commercial structures in the region.
Features of the Global Automated Parking System Market
Market Size Estimates: Automated parking system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automated parking system market size by various segments, such as by structure type, platform type, automation level, end use, and region in terms of value ($B).
Regional Analysis: Automated parking system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different structure types, platform types, automation levels, end uses, and regions for the automated parking system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated parking system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automated parking system market size?
Answer: The global automated parking system market is expected to reach an estimated $2.8 billion by 2030.
Q2. What is the growth forecast for automated parking system market?
Answer: The global automated parking system market is expected to grow with a CAGR of 12.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automated parking system market?
Answer: The major drivers for this market are increasing production of vehicles and rising interest in eco-friendly and sustainable parking options.
Q4. What are the major segments for automated parking system market?
Answer: The future of the automated parking system market looks promising with opportunities in the residential, commercial, and mixed-use markets.
Q5. Who are the key automated parking system market companies?
Answer: Some of the key automated parking system companies are as follows:
• Skyline Parking
• Westfalia Parking
• Unitronics
• Klaus Multiparking
• Robotic Parking Systems
• City Lift Parking
• Park Plus
• Wohr Parking System
• Parkmatic
• AutoMotion Parking Systems
Q6. Which automated parking system market segment will be the largest in future?
Answer: Lucintel forecasts that palleted will remain the larger segment over the forecast period.
Q7. In automated parking system market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to increasing demand for automated parking systems from residential and commercial structures in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automated parking system market by structure type (AGV system, silo system, tower system, rail guided cart (RGC) system, puzzle system, and shuttle system), platform type (palleted and non-palleted), automation level (fully automated and semi-automated), end use (residential, commercial, and mixed-use), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automated Parking System Market, Automated Parking System Market Size, Automated Parking System Market Growth, Automated Parking System Market Analysis, Automated Parking System Market Report, Automated Parking System Market Share, Automated Parking System Market Trends, Automated Parking System Market Forecast, Automated Parking System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.