Automated Parking System Market Opportunity and New Demand Analysis by 2030

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The Automated Parking System Market Size was valued at USD 1.78 billion in 2022 and is expected to reach USD 5.14 billion by 2030, and grow at a CAGR of 14.19% over the forecast period 2023-2030.

The Automated Parking System Market Size study provides annual predictions as well as thorough information on important end-users. It also anticipates annual revenue, market sales, and increase in sales. These forecasts could help you better comprehend the market's future prospects. In terms of product, pricing, financial position, product portfolio, growth strategies, and geographical presence, the report also includes a competitive analysis of the major competitors in the global market.

This study can assist both new market entrants and established businesses in preparing for future challenges and opportunities to increase their market position. By studying market segmentation and forecasting the global Automated Parking System market, the research also aids in the knowledge of market dynamics and structure. A PEST analysis, a PORTER's analysis, and a SWOT analysis are also included in the study to assist stockholders in planning their efforts and investments in a certain market segment for the foreseeable future.

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Russia-Ukraine War Impact Analysis

In the Automated Parking System market analysis, the impact of the Russia-Ukraine war on global and domestic markets is also explored. For firms and individuals interested in the industry, the report is a significant source of direction and information. It includes vital information as well as the current situation of major firms.

Research Methodology

As part of the research technique utilized to estimate and forecast this market, the revenue and market share of the major competitors are documented. Secondary sources such as press announcements, non-profit organizations, yearly reports, industry groups, governmental agencies, and customs data were used to find and compile information for this comprehensive commercial research of the Automated Parking System market. This data was used to compute the overall market size.

Competitive Analysis

The competitive developments, investments, strategic growth, and competition landscape of the main businesses operating in the global market are also examined in this study. The Automated Parking System market study contains key industry player profiles, as well as their strategic viewpoints, market positioning, and an analysis of core competencies.

Major key market players are Wohr (Germany), CityLift (US), Mitsubishi Electric Corporation, Westfalia (Germany), Expert Parking, TAPS, Robotic Parking Systems Inc. (US), Boomerang Systems, Klaus Multi Parking (Germany), FATA Automation, AJ Automated Parking System, and Unitronics.

Market Segmentation

By Automation level:

· Semi-automated

· Fully automated

By System type:

· Hardware

· Software

By End-user:

· Commercial

· Residential

· Mixed-use

By Design Model:

· Hydraulic

· Electro-mechanical

By Platform type:

· Palleted

· Non-palleted

By Parking level:

· Less than level 5

· Level 5- Level 10

· More than level 15

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COVID-19 Impact Analysis

The study investigates the impact of COVID-19 lock-down on Automated Parking System market leaders, followers, and disruptors' revenue. The impact varies by region and segment because lockdown was executed differently in different locations and countries. The study looked at the present short and long-term market impact, which will aid decision-makers in developing short and long-term strategies for businesses by region.

Key Objectives of Market Research Report

The research examines current market trends, market size, and market projections in depth.

The report examines the world's key market participants in great detail.

The research includes a Porter's Five Forces analysis to help business investors understand the ability of customers and suppliers to make strategic decisions.

The study examines the Automated Parking System market's potential as well as revenue contribution in main areas.

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