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.

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.

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.

Increasing vehicle numbers, limited parking land, rising need for green & sustainable parking solutions, strong demand for consumer comfort and convenience, growing demand for high-rise buildings, along with the government smart city initiatives are the key development drivers expected to fuel demand for this market during the forecast period.

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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

An increasing fleet of personal and commercial vehicles, combined with a shortage of parking spaces, has resulted in traffic congestion in various locations worldwide. According to a 2017 INTRIX study, the average German driver spends 41 hours per year looking for a parking spot. The cost of lost fuel, time, and pollution is over USD 45 billion. The expanding population puts considerable pressure on parking infrastructure, necessitating the expansion of existing infrastructure in metropolitan areas.

LATEST TRENDS

Machine-to-machine (M2M) connectivity, data analytics, advanced sensors, smart parking meters, and mobile applications for slot bookings and online payments are used to develop successful automated parking solutions. These technologies help determine if a parking lot is vacant or occupied and evaluate and transmit the data to mobile and online apps. The market is projected to be fueled by advancements in these technologies.

Automation has become more common in parking lots worldwide, and it is a valuable tool for increasing parking efficiency. The process is all about using machinery to automate the process of parking cars.

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. 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. 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.

Major Table of Contents for Automated Parking System Market Research Report:

• Introduction
• 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
• Conclusion

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