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Market Snapshot

CAGR:6.11

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.11

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Report Overview

Automotive Automated Parking System Market Analysis Report 2023-2032

The Automotive Automated Parking System Market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 7.92% between 2022 and 2032. Over this period, the market size is projected to expand significantly, reaching a total valuation of USD 4,789.14 million. The growth of this market is driven by several key factors, including urbanization, increasing traffic congestion, and the demand for efficient parking solutions in densely populated areas. The market comprises systems and services dedicated to automating the parking process, offering convenience and optimized space utilization.

Automotive Automated Parking System Market Overview

Drivers

A primary driver behind the expansion of the Automotive Automated Parking System Market is the rapid urbanization and the resulting increase in the number of vehicles on the road. With limited available parking spaces in crowded cities, the need for efficient and space-saving parking solutions is on the rise. Automated parking systems offer a solution by utilizing vertical and automated parking techniques, optimizing space usage, and reducing the footprint of parking facilities.

Furthermore, the growing awareness of environmental concerns and the need to reduce emissions have led to the development of green parking solutions. Automated parking systems are often designed to be eco-friendly, with reduced idling times and minimized vehicle emissions, aligning with sustainability goals.

Trends

An essential trend shaping the Automotive Automated Parking System Market is the integration of advanced technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and robotics into parking systems. These technologies enable real-time monitoring, automated vehicle retrieval, and efficient parking management, enhancing user experience and reducing wait times.

Another notable trend is the adoption of automated valet parking services in luxury and high-end vehicle segments. These services allow vehicles to be parked automatically without driver intervention, offering convenience and a touch of luxury to customers.

Restraints

Despite their numerous advantages, the high upfront cost of implementing automated parking systems can be a significant restraint to market growth. The installation of automated parking infrastructure, including sensors, conveyors, and robotics, requires a substantial initial investment. However, over time, the operational efficiencies and space savings can offset these costs.

Additionally, the need for skilled technicians for maintenance and potential technical glitches in automated systems can pose challenges. Ensuring the reliability and safety of these systems is essential to gain user trust and market acceptance.

Automotive Automated Parking System Market Segmentation By Application

The commercial sector is expected to be a prominent growth segment within the Automotive Automated Parking System Market. Commercial spaces, including malls, office buildings, and airports, often face parking challenges due to high foot traffic. Automated parking systems offer a solution by efficiently utilizing available space and providing a convenient parking experience for customers and employees.

Residential applications are also on the rise as homeowners seek to optimize their available parking space. Automated parking systems are increasingly being adopted in residential complexes and apartment buildings to provide residents with hassle-free and secure parking options.

Automotive Automated Parking System Market Segmentation By System Type

The fully automated parking system segment is projected to experience significant growth during the forecast period. These systems require minimal human intervention and often use robotics and conveyors to park and retrieve vehicles. They are ideal for densely populated urban areas where space is limited.

Semi-automated parking systems, which involve some degree of manual input, are also gaining traction, especially in less congested regions where cost-effectiveness is a priority. These systems offer a balance between automation and affordability.

Regional Overview:

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North America is anticipated to be a key driver of global Automotive Automated Parking System Market growth. The region's urban centers face high levels of traffic congestion, making automated parking solutions attractive. Additionally, the presence of a tech-savvy population and a robust automotive industry further fuel the adoption of automated parking systems.

The market experienced temporary disruptions during the COVID-19 pandemic due to reduced mobility and economic challenges. However, as cities continue to grow and traffic congestion persists, the demand for efficient parking solutions is expected to rebound, driving the Automotive Automated Parking System Market.

Automotive Automated Parking System Market Customer Landscape

The Automotive Automated Parking System Market report offers insights into customer adoption patterns, ranging from early adopters to laggards. It examines adoption rates across different regions based on penetration levels and analyzes key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major Automotive Automated Parking System Market Companies

Prominent players in the Automotive Automated Parking System Market are adopting various strategies to strengthen their market presence. These strategies include strategic collaborations, mergers and acquisitions, new system offerings, geographic expansion, and technological innovations.

Sample list of major companies in the market:

AutoPark Solutions
ParkMaster
RoboPark
CitySpace
ParkGenius

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to understand 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 Automotive Automated Parking System Market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Commercial
Residential
Others

System 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 Automotive Automated Parking System 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. Automotive Automated Parking System MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automotive Automated Parking System 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. Automotive Automated Parking System MARKET BY system landscape

SIGHTS & TRENDS

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

5.2 Software

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 Hardware

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. Automotive Automated Parking System MARKET BY End user INSIGHTS & TRENDS

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

6.2 Residential

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 Commercial

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. Automotive Automated Parking System MARKET REGIONAL OUTLOOK

7.1. Automotive Automated Parking System Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

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

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

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

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

7.2.5. U.S.

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

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

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

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

7.2.6. CANADA

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

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

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

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

7.3. EUROPE

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

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

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

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

7.3.5. GERMANY

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

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

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

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

7.3.6. FRANCE

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

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

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

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

7.3.7. U.K.

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

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

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

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

7.4. ASIA-PACIFIC

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

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

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

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

7.4.5. CHINA

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

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

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

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

7.4.6. INDIA

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

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

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

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

7.4.7. JAPAN

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

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

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

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

7.4.8. AUSTRALIA

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

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

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

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

7.5. MIDDLE EAST AND AFRICA (MEA)

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

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

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

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

7.6. LATIN AMERICA

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

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

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

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

7.6.5. Latin America Automotive Automated Parking System 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 SKYLINE PARKING Fehr Lagerlogistik AG

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Unitronics Corporation

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 FATA Automation

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 wohr Parking System Pvt. Ltd

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Dayang Parking Co., Ltd

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

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