The global automated parking systems market is expected to grow by leaps and bounds in the upcoming period. This could be credited to rise in demand for convenient and safe parking as the number of vehicles plying on the roads is increasing exponentially. Automated parking systems do reduce the depth and width required for parking space coupled with distance between parking spaces as no arrangements need to be made to open car doors or drive the car into parking space. Plus, one doesn’t need ramps or driving lanes for driving the car toward parking area.
At the same time, the market encounters restraints in the form of high cost of installation. Amalgamation of mechanical and electronic components does prove to be a costly affair altogether. The other restraint could be malfunctioning on the part of electronic components. Maintenance of these components is another expense adding to the trouble.
Automated parking system market is segmented by end-use, service & solution, system, model of automation, and geography. Based on model of automation, the segmentation goes like fully automated parking system and semi-automated parking system. By technology, the market comprises RFID, mobile, and sensor. By service & solution, the market spans vehicle detection solutions, space reservation services, integrated payments, and monitoring & reporting services. By system, the market could be segmented into hardware and software. By end-use, it could be commercial and residential.
By geography, the segmentation could be North America, Europe, Asia Pacific, LATAM, and MEA. Europe and North America are already the torchbearers in this regard; thanks to immediate adoption of digital technologies owing to focus on implementation of smart cities. Asia Pacific is expected to grow at the fastest pace due to rapid urbanization. LATAM is also catching up due to Brazil being at the forefront with respect to technological advancements.
The players contributing to the automated parking systems market include CityLift Parking, UNITRONICS, Kyline Parking AG, Robotic Parking System Inc., EITO & Global Inc., FATA AUTOMATION, 5BY2, IHI, PARKMATIC TM, WOHR, Westfalia Parking, Tada, Simmatec, Nissei Build Industries, Katopark and MHE DEMAG (S) Pte. Ltd. With the advent of self-driven vehicles, the players would strive harder to be in sync with automated parking.
Leading players of Automated Parking Systems including:
• FATA Automation
• Robotic Parking Systems
• Boomerang Systems
• Klaus Multiparking
Market split by Type, can be divided into:
• Rotary Carousel
• Speedy Parking
• Multi Parking
• Optima Parking
Market split by Application, can be divided into:
• Office Building
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA