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Automated Parking Management Systems Market to reach USD 4.60 Bn by 2029, Technological Advancements and Growth Opportunities
Automated Parking Management Systems Market
Automated Parking Management Systems Market Report Scope and Research Methodology
Automated parking management systems are becoming increasingly popular due to the rising demand for safe and convenient parking as the number of vehicles increases every day. These systems reduce the width and depth required for parking space, and distances between parking spaces, as no allowance needs to be made for driving the car into the parking space or for the opening of car doors. Additionally, no driving lanes or ramps are required to drive the car towards the parking area.
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The report aims to provide a clear futuristic view of the industry to decision-makers by analyzing the past and current status of the industry with forecasted market size and trends, as well as conducting a dedicated study of key players that includes market leaders, followers and new entrants by region. The report also includes PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market.
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Automated Parking Management Systems Market Dynamics
The report identifies the key drivers and restraints of the automated parking management systems market. While the demand for parking spaces due to the increase in the number of vehicles has created significant opportunities for the market, the cost of installation and the malfunctioning of electronic components are key restraints.
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The report segments the automated parking management systems market based on the mode of automation, technology, service & solution, System, end use, and region. The semi-automated parking system segment is estimated to hold a leading share of the market in 2018 due to its low manufacturing cost and widespread use in passenger vehicles. Sensor technology is expected to see significant demand during the forecast period due to rapid industrialization in rural areas and a rise in technological advancements in automated parking management systems in the global market.
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Automated Parking Management Systems Market Regional Insights
North America and Europe are technologically more developed for automated parking management systems market, holding market share in 2018. The North America region is widely adopting digital technologies due to the focus on implementing smart cities and higher adoption rate for a smart parking management system.
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Automated Parking Management Systems Market Segmentation
By Mode of Automation:
• Semi-automated Parking System
• Fully automated Parking System
By Technology:
• Sensor Technology
• Mobile Technology
• RFID Technology
By Service & Solution:
• Integrated Payments
• Vehicle Detection Solutions
• Space Reservation Services
• Monitoring & Reporting Services
By System:
• Software
• Hardware
By End-use:
• Residential
• Commercial
Automated Parking Management Systems Market Key Competitors include:
• kyline Parking AG
• CityLift Parking
• Robotic Parking Systems Inc.
• UNITRONICS
• Dayang Parking Co. Ltd
• Klaus Multiparking Systems Pvt. Ltd.
• AUTOMOTION Parking Systems
• EITO & Global Inc.
• DONGYANG MENICS
• PARKMATIC TM
• FATA AUTOMATION,
• MHE DEMAG (S) Pte Ltd.
• 5BY2
• IHI
• Katopark
• Nissei Build Industries
• Parkmatic
• PARKPLUS
• Qingdao Bortome
• Simmatec
• Sotefin
• Tada
• Westfalia Parking Solutions
• WÖHR
Table of Content for Automated Parking Management Systems Market
Global Automated Parking Management Systems Market: Research Methodology
Global Automated Parking Management Systems Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automated Parking Management Systems Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Automated Parking Management Systems Market Segmentation
Global Market, by Mode of Automation (2021-2029)
Global Market, by Technology (2021-2029)
Global Market, by Service & Solution (2021-2029)
Global Market, by System (2021-2029)
Global Market, by End-use (2021-2029)
Regional Automated Parking Management Systems Market (2021-2029)
Regional Market, by Mode of Automation (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Service & Solution (2021-2029)
Regional Market, by System (2021-2029)
Regional Market, by End-use (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Mode of Automation, Technology, Service & Solution, System , End-use and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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