Automated Parking Systems Market Industry Segments Application And Forecast 2029
According to The Maximize Market Research’s most recent research study, “Global Automated Parking Systems Market – Global Analysis and Forecast to 2029”, 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.
Global Automated Parking Systems Market Overview:
The goal of this study is to provide an overview of the Automated Parking Systems industry as well as detailed market segmentation based on segments and regions. The research contains critical information on the market positions of the top Automated Parking Systems firms, as well as significant industry trends and opportunities.
The research also focuses on the top industry players in the Global Automated Parking Systems market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates Automated Parking Systems Global, Regional, and Company Market Trends, Volume, and Value. This research looks at the whole Automated Parking Systems Market Size from a global perspective, analyzing historical data and predictions.
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Market Scope:
Following completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To accomplish market estimation and forecasting for the overall market segments and sub-segments given in the Automated Parking Systems market research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
The completely automated segment experienced the highest revenue growth in 2021, with a CAGR of over xx%. Robotic valet parking is a form of automated parking system that is similar to a fully automated parking system. The car must be driven until it arrives at an APS entry place. The driver and all other passengers must leave the vehicle. The ticket is given to the driver when payment is made at a nearby automated terminal. The car is lifted by the mechanical system and relocated to a designated parking spot in the system once all of the passengers have left the entry area.
Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Automated Parking Systems market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Automated Parking Systems industry.
• 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.
• Parkmatic
• AutoMotion Parking Systems
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Automated Parking Systems market in these regions.
COVID-19 Impact Analysis on Automated Parking Systems Market:
As a result of the COVID-19 outbreak, customer behaviour has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Automated Parking Systems market and will help you build your business in compliance with the new industry standards.
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Key Questions Answered in the Automated Parking Systems Market Report are:
- What will be the Automated Parking Systems market’s CAGR throughout the projected period?
- Which market category emerged as the market leader in the Automated Parking Systems industry?
- Who are the key players in the Automated Parking Systems market?
- How big will the Automated Parking Systems market be in 2029?
- Which firm had the biggest market share in the Automated Parking Systems industry?
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