Report Ocean recently released a research report on the Automated Parking Management Systems Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global automated parking management systems market revenue was around US$ 1.9 billion in 2021 and is estimated to reach US$ 5.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022 to 2031.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17444
Automated parking management systems include both hardware and software elements to help with efficient parking management. Vehicles are moved mechanically to and from parking places in a multi-story parking facility. Vehicles are kept in several parking lots or multi-story parking spaces, stacked vertically.
Factors Influencing Market Growth
A rise in traffic congestion is anticipated to increase the demand for automated parking systems, which, in turn, will contribute to market growth.
Due to an increase in the number of vehicles on the road, a rise in the need for green parking solutions, and an increase in urbanization. Such factors drive market growth.
Developing high-premium parking solutions requires a high cost of investment. The demand for such systems may restrain market expansion.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a significant negative impact on the automated parking management systems market. Due to the Government enacted a lockdown manufacturing and sales of new vehicles were impeded. Additionally, in cities a significant decrease in traffic congestion during the pandemic period due to the restrictions placed on vehicle movement. Thus, certain countries have less of a need for parking systems.
However, it is anticipated that after the pandemic, people will use their automobiles for travel to lessen the chance of contracting COVID-19, which will likely increase traffic congestion around the world. Additionally, many major firms are concentrating on providing online cashless parking solutions to reserve parking spaces, which would also aid in the market’s expansion.
Get a Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17444
Regional Insights
Asia Pacific is expected to have significant expansion during the forecast period. This can be attributed to the extensive population and the frequent parking of vehicles on the highways. Various smart city projects are also being launched to improve citizen services. These projects address problems with transportation, infrastructure, communication, and utilities and are guaranteed to support the growth of the market for automated parking systems. Therefore, governments in this region are focusing an emphasis on urban planning by developing smart city solutions to derive benefits from the already-existing infrastructure.
Leading Competitors
The leading competitors in the global automated parking management systems market are:
FATA Automation
Fehr Lagerlogistik AG
Unitronics (1989) ( R?G) Ltd
KLAUS Multiparking GmbH
Westfalia Technologies Inc
Amano Corporation
Flowbird Group
IBM Corporation
Robotic Parking Systems
Siemens AG
SKIDATA GmbH
Streetline Inc
SWARCO AG
T2 Systems
Xerox Corporation
Others
Segmentation Analysis
The global automated parking management systems market segmentation focuses on Component, Platform Type, Automation Level, End -Use and Region.
Segmentation based on Component
Hardware
Software
Segmentation based on Platform Type
Palleted
Non-palleted
Segmentation based on Automation Level
Fully Automated
Semi-automated
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17444
Segmentation based on End-Use
Residential
Commercial
Mixed-use
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17444
Table of Content
Chapter 1: Global Automated Parking Management Systems Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Automated Parking Management Systems market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Automated Parking Management Systems Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Automated Parking Management Systems market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Automated Parking Management Systems market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Automated Parking Management Systems market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Automated Parking Management Systems market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Automated Parking Management Systems business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17444
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/