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Market Snapshot

CAGR:8.63

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.63

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Report Overview

Automated Parking System (APS) Market Analysis Report 2023-2032

The Automated Parking System (APS) Market is poised to experience a Compound Annual Growth Rate (CAGR) of 7.89% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 3,245.76 million. The growth of this market is driven by several factors, including urbanization, the need for efficient parking solutions in congested areas, and advancements in automated technology. The market comprises services dedicated to automating the parking process, offering convenience and space optimization.

Automated Parking System (APS) Market Overview

Drivers

A key driver behind the expansion of the Automated Parking System (APS) Market is the rapid urbanization taking place globally. As cities grow and urban areas become more congested, the demand for efficient parking solutions is on the rise. Automated parking systems offer a solution to this problem by maximizing parking space utilization and reducing the time and effort required for parking.

Additionally, advancements in automated technology, including robotics and artificial intelligence, are driving market growth. These technologies enable the development of innovative and user-friendly automated parking systems, making them more accessible and appealing to consumers and property developers.

Trends

One important trend shaping the APS Market is the integration of smart and connected features. Modern APS solutions are often equipped with sensors, IoT connectivity, and smartphone apps, allowing users to locate available parking spots, reserve spaces, and seamlessly access parking facilities. This trend enhances user experience and contributes to the overall efficiency of the automated parking system.

Moreover, sustainable and eco-friendly APS solutions are gaining traction. Many APS providers are incorporating green technologies, such as electric vehicle charging stations and energy-efficient systems, into their parking infrastructure to align with environmental sustainability goals.

Restraints

The initial capital investment required for implementing automated parking systems can be a significant restraint for market growth. Setting up the infrastructure, including robotics and automated machinery, can be costly. However, the long-term benefits in terms of space optimization and reduced operational costs often outweigh the initial expenses.

Another challenge is the need for regulatory adaptation. Governments and local authorities need to establish clear regulations and standards for the safe operation of automated parking systems. Addressing these regulatory issues can be time-consuming and may temporarily slow market expansion.

Automated Parking System (APS) Market Segmentation By Application

The commercial and residential real estate sector is expected to be a prominent growth segment within the APS Market. Property developers and owners are increasingly recognizing the value of automated parking systems in maximizing land use and enhancing the attractiveness of their properties. APS provides a competitive advantage in urban areas with limited parking space.

Public transportation hubs, including airports and train stations, also constitute a significant application segment for APS solutions. These facilities benefit from automated parking systems as they streamline the parking process for commuters and travelers, reducing congestion and improving overall customer satisfaction.

Automated Parking System (APS) Market Segmentation By Technology Type

The fully automated parking systems segment is projected to experience significant growth during the forecast period. These systems require minimal human intervention and offer high efficiency in terms of space utilization. Fully automated APS solutions are often employed in densely populated urban areas where space is at a premium.

Semi-automated parking systems, which involve partial automation and may require some user assistance, are another crucial technology segment within the APS Market. These systems are often used in situations where fully automated solutions may not be practical or cost-effective.

Regional Overview:

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North America is anticipated to be a key driver of global APS Market growth. The region's major metropolitan areas are experiencing increased urbanization and congestion, driving the demand for automated parking solutions. Moreover, North America is home to several technology companies specializing in APS development.

The market may have faced some challenges during the COVID-19 pandemic as lockdowns and reduced travel impacted parking demand. However, as urban areas recover and adapt to new mobility trends, the APS Market is poised to witness renewed momentum, with governments and property developers recognizing the need for innovative parking solutions.

Automated Parking System (APS) Market Customer Landscape

The APS Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major Automated Parking System (APS) Market Companies

Prominent players in the Automated Parking System (APS) Market are implementing diverse strategies to bolster their market presence. These strategies include strategic collaborations, mergers and acquisitions, new service offerings, geographic expansion, and technological innovations.

Sample list of major companies in the market:

AutoPark Solutions
ParkGenius Technologies
SmartPark Systems
AutoMate Parking Systems
RoboPark

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. The categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Automated Parking System (APS) Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Commercial and Residential Real Estate
Public Transportation Hubs
Others

Technology Type Outlook (USD Million, 2019 - 2032)

Fully Automated Parking Systems
Semi-Automated Parking Systems
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL AUTOMATED PARKING SYSTEM (APS) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. AUTOMATED PARKING SYSTEM (APS) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automated Parking System (APS) Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. AUTOMATED PARKING SYSTEM (APS) MARKET BY Automation Level INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Fully Automated

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Semi-automated

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. AUTOMATED PARKING SYSTEM (APS) MARKET BY Design INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Hydraulic

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Electro-mechanical

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. AUTOMATED PARKING SYSTEM (APS) MARKET REGIONAL OUTLOOK

7.1. Automated Parking System (APS) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Automated Parking System (APS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Automated Parking System (APS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Automated Parking System (APS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Automated Parking System (APS) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Automated Parking System (APS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Wohr (Germany)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Klaus Multi Parking (Germany)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. CityLift (the US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Westfalia (Germany)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Robotic Parking Systems Inc. (the US)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Unitronics (Israel)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Kyline Parking AG (Switzerland)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Dayang Parking Co ltd (China) Automotion Parking Systems

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automated Parking System Aps Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032