Market Definition
An Automated Parking System (APS) is a parking facility where the parking and retrieval of vehicles is fully automated. APSs are designed to minimize the amount of time and effort required to park and retrieve a vehicle. They are often used in conjunction with other automated systems, such as electronic toll collection (ETC) and electronic vehicle registration (EVR).
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Market Dynamics
Some of the key trends in automated parking system technology include the following:
1. Increased use of robotics: Robotics are increasingly being used in automated parking systems in order to improve efficiency and accuracy.
2. Improved sensors and software: Sensors and software continue to evolve and become more sophisticated, allowing for more accurate and efficient parking.
3. Connectivity: Automated parking systems are increasingly being connected to other systems, such as building management systems, to improve overall efficiency.
4. Big data: Automated parking systems generate a lot of data that can be used to improve operations and optimize performance.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The Automated Parking System Market is segmented by automation level, end-user, system, and region. By automation level, the market is divided into semi-automated and fully-automated. Based on end-user, it is segmented into commercial, residential, and mixed-use. Based on the system, it is bifurcated into hardware and software. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Player
The Automated Parking System Market includes players such as 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 and AutoMotion Parking Systems.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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