Automated Parking System Market Trends, Growth, Analysis, Opportunities, Top Companies, And Overview 2027

The automated parking system consists of hardware & software, and are used to increase parking capacity, improve efficiency, and raise safety and convenience. Therefore, the rise in the adoption of automated parking systems, which influences the market growth during the forecast period. Further, the growing number of vehicles, scarcity of land for parking, and growing demand for green & sustainable parking solutions are some of the major driving factors for the growth of the automated parking system market growth.

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Rising urbanization, growing demand for luxury buildings, and smart city initiatives from the government are the key factors booming the automated parking system market growth. However, the high complexity of system and the high capital requirement are the key hindering factors for automated parking system market growth. Moreover, the high demand for safe and convenient parking and the lack of parking space, especially in urban areas, resulting in the rising adoption of an automated parking system, which is projected to boost the automated parking system market in the coming years.

Leading Key Players:

1. AJ Automated Parking Systems Co., Ltd.
2. CityLift Parking
3. FATA Automation Inc
4. Klaus Multiparking
5. Park Plus, Inc.
6. Parkmatic
7. Robotic Parking Systems, Inc.
8. Skyline Parking (Fehr Lagerlogistik AG)
9. Unitronic Corporation Inc.
10. Westfalia Technologies, Inc.

The "Global Automated Parking System Market Analysis to 2027" is a specialized and in-depth study of the automated parking system industry with a special focus on the global market trend analysis. The report aims to provide an overview automated parking system market with detailed market segmentation as component, automation level, platform type, end-user, and geography. The global automated parking system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automated parking system market players and offers key trends and opportunities in the automated parking system market.

The study wanted to focus on key manufacturers, competitive landscape, and SWOT analysis for the -Automated Parking System Market. Apart from looking into the geographical regions, the report concentrated on key trends and segments that are either driving or preventing the growth of the industry. Researchers have also focused on individual growth trends besides their contribution to the overall market.

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The objective of the researchers is to find out the sales, value, and status of the Automated Parking System industry at the international levels. While the status covers the years of 2020 – 2027, the forecast is for the period 2020 – 2027 that will enable market players to not only plan but also execute strategies based on the market needs.

Target Audience of the Global Automated Parking System Market in Market Study:

• Key Consulting Companies & Advisers
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Re-sellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.