Major countries have seen exponential growth in the number of on-road vehicles, which has led to issues with parking and traffic congestion. Automated parking solutions have emerged as a result of this. By automatically parking the vehicles in free space in the system, an automated solution also increases convenience for vehicle owners or drivers. Lack of parking spaces and growing traffic congestion in cities are driving the market growth.
Global Automated Parking Systems Market Scope:
Using both primary and secondary research approaches, we researched the Global Automated Parking Systems Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
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Global Automated Parking Systems Market Overview:
The market research study Global Automated Parking Systems Market analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market dominance, prominent segments, and regional analysis. Key actors, big partnerships, mergers and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.
Global Automated Parking Systems Market size was valued at US$ 1.38 Bn. in 2021 and the total revenue is expected to grow at 15.2% of CAGR through 2022 to 2029, reaching nearly US$ 4.28 Bn.
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Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using historical documents.
The players highlighted in this report are as follows:
• Skyline Parking AG
• Westfalia Parking
• Unitronics (1989) (R”G) Ltd.
• Klaus Multiparking GmbH
• Robotic Parking Systems, Inc.
• City Lift Parking, LLC
• Park Plus Inc.
• Wohr Parking System Pvt. Ltd.
• AutoMotion Parking Systems
The study offers a comprehensive overview of the regional industry, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Global Automated Parking Systems market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each region's Global Automated Parking Systems market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.
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COVID-19 Impact Analysis on Global Automated Parking Systems Market:
We have studied and analysed in detail, the Global Automated Parking Systems Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analysis the Global Automated Parking Systems industry's potential, providing statistical information about market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The report's main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.
Key Questions Answered in the Global Automated Parking Systems Market Report are:
- What are some of the most promising high-growth opportunities in the Global Automated Parking Systems market by product type and End User and Region?
- Which Global Automated Parking Systems market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
- What are the primary elements influencing Global Automated Parking Systems market dynamics? What are the market drivers and challenges for the Global Automated Parking Systems market?
- What are the Global Automated Parking Systems market's business risks and threats?
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