Automated Parking System Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Automated Parking System Market size was valued at USD 1.23 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 10% from 2021 to 2027.

Automated parking systems are technologies used to regulate parking to optimize the area required for parking. Automated parking systems are designed to minimize the volume required for car parking. Automated parking systems are used to create multi-story parking systems that reduce the amount of land required for parking while increasing parking spaces. Automated parking system provides an automated system to and from the parking lot with unmanned transportation of vehicles, eliminating a lot of space wastage actually occurring in manual parking multi-story parking lot.

Market Segments

By Automation Level

• Semi-automated
• Fully-automated

By System Type

• Hardware
• Software

By End-User

• Commercial
• Residential
• Mixed-use

Key Players

• Mitsubishi Electric Corporation
• AJ Automated Parking Systems
• Expert Parking
• Unitronics Corporation
• Klaus Multiparking
• Westfalia Parking
• Wohr
• Robotic Parking Systems, Inc.r
• CityLift
• FATA Automation

Scope of the Report

The research study analyzes the global Automated Parking System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automated Parking System Market Report

1. What was the Automated Parking System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Automated Parking System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automated Parking System Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.