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Market Analysis: Global Automated Parking System Market
Global automated parking system market is set to witness a healthy CAGR of 12.95% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising initiative of developing smart cities and growing demand from luxury residential buildings are the factor for the growth of this market.
Market Definition: Global Automated Parking System Market
Automated parking systems are systems which are specially designed so they can decrease the area which is need for parking systems. They usually provide parking on several stacks so they can maximize the parking spaces by decreasing the land usage. Automated parking is the method of storing and recovering cars of different sizes by using different automation technology to eliminate the requirement of parking ramps & human intervention and provide much higher parking density compared to standard parking. They are widely used in residential, malls, movie theatre, offices and other.
Market Drivers:
Rising demand for sustainable and green parking solution will drive the market
Increasing urbanization and better infrastructure will also accelerate the market growth
Scarcity of land for parking acts as a driving factor for the growth of this market
Growing number of vehicles will also contribute as a factor for this market growth
Market Restraints:
High complexity of the system will restrict the growth of this market
Problems associated with the quality control will also hamper the market growth
Segmentation: Global Automated Parking System Market
By Automation Level
Fully- Automated
Semi- Automated
By Platform Type
Palleted
Non- Palleted
By End- User
Residential
Commercial
Mixed- Use
By Design Model Type
Hydraulic
Electro-Mechanical
By System Type
Hardware
Software
By Parking Level
Less Than Level 5
Level 5–Level 10
More Than Level 10
By Structure Type
AGV System
Silo System
Tower System
Rail Guided Cart (RGC) System
Puzzle System
Shuttle System
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Egypt
Israel
Rest of Middle East and Africa
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Key Developments in the Market:
In March 2019, Sumitomo Corporation announced the acquisition of Q-Park Operations B.V. The main aim of the acquisition is to bring out the largest potential of mobility platform. This acquisition will help the company to use the different technologies by the Q- park so that they advance their offering and strengthen their position in the market
In July 2018, Lödige Industries announced the acquisition of 5BY2. This acquisition will help the company to expand their portfolio of automated parking system and will also help them to meet the rising demand of their customers. This will also strengthen their position in the market and will also offer cost effective and reliable solution to market
Competitive Analysis:
Global automated parking system is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automated parking system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global automated parking system market are Westfalia Parking, fehr Lagerlogistik AG, unitronics development & design., Robotic Parking Systems, Inc., FATA Automation, CityLift, Park Plus, Inc., wohr Parking System Pvt. Ltd., PARKMATIC TM, EITO&GLOBAL INC., IHI Corporation, SIMMATC, Nissei Build Industries Co., Ltd., Romax Parking Solutions Ltd., Watry Design, Inc., 5BY2 B.V., Sieger Parking, RR parkon, Proviron Technology SA, HE-MAN AUTO ROBOPARK (P) LTD, HYTONE Parking System Co., Ltd, Sotefin SA automated parking systems, and other.
Research Methodology: Global Automated Parking System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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