Global Automated Parking System Market research report 2022 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
This study provides information about the sales and revenue during the historic and forecasted period of (2022 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Automated Parking System Market report.
An automated parking system (APS) is a mechanical device that optimizes the space or volume needed to park cars. An automated parking facility (APF) provides parking spaces for vehicles on multiple levels stacked vertically to optimize the available number of parking spots while limiting area utilization, similar to a multi-story parking space. Moreover, the car parking system uses a mechanical system to transport vehicles to and from parking spaces, saving space in multi-story parking garages.
Westfalia Technologies, Inc., a leading automated parking and storage solutions provider. (Westfalia) introduced the release of the Westfalia Parking App, an all-in-one parking solution for consumers that improves automatic parking facilities’ efficiency, security, and convenience.
Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of the global market share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Automated Parking System Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Drivers & Restraints
The market is expanding due to high-rise structures, luxury projects, and real-estate developers’ inclination to adopt automated solutions. According to the World Construction Network, the real estate industry is also expected to grow at a considerable CAGR during the projection period. An increasing fleet of personal and commercial vehicles, combined with a shortage of parking spaces, has resulted in traffic congestion in various locations worldwide.
Key players covered in the global Automated Parking System Market research report:
Westfalia Parking Inc. (Sandhurst Dr, York,U.S.), Robotic Parking System (Florida, U.S.), T2 System Inc. (Indianapolis, U.S.), KLAUS Multiparking GmbH (Aitrach, Germany), Wohr Parking Systems Pvt. GmbH (Friolzheim, Germany), U-Tron (New Jersey, U.S.), Cleverciti Systems GmbH (Munich, Germany),Skyline Parking (Winterthur, Switzerland), City Lift Parking, LLC (California, U.S.),Park Plus Inc. (California, U.S.).
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Westfalia Technologies, Inc., a leading automated parking and storage solutions provider. (Westfalia) introduced the release of the Westfalia Parking App, an all-in-one parking solution for consumers that improves automatic parking facilities’ efficiency, security, and convenience
cities are seeing a significant reduction in traffic overcrowding. According to SpotHero, Inc., a smart parking solutions provider located in the United States, requirement for parking systems has declined by 90% in the U. S. since mid-March 2020. This drop is projected to influence the country’s market negatively and worldwide, at least for now. However, post covid-19 pandemic, Following the COVID-19 epidemic, people are predicted to use their cars for lonely travel and prevent shared mobility, such as public transportation. It is expected to increase traffic congestion in many cities worldwide.
Major Table of Contents for Automated Parking System Market Research Report:
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2017-2028
- North America Market Analysis, Insights and Forecast, 2017-2028
- Europe Market Analysis, Insights and Forecast, 2017-2028
- Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
- The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
- Latin America Market Analysis, Insights and Forecast, 2017-2028
- Competitive Landscape
- Global Automated Parking System Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
- Company Profiles
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