Automated Parking Systems Market Overview:

The Automated Parking Systems market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Automated Parking Systems Market, as well as the reasons for variations in the industry’s growth in various locations.

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Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

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Segmentation:

Global Automated Parking Systems Market, by Automation Level (2022-2029)

• Semi-automated
• Fully-automated

The car is lifted by the mechanical system and relocated to a designated parking spot in the system once all of the passengers have left the entry area. The more advanced, fully automated APS collects automobile dimensions and chooses an appropriate spot for them. The driver makes an effort to fit the automobile into the tiniest parking place. The driver unlocks the automobile by punching his ticket or code into an automatic terminal. The automobile is taken out of the parking space by the APS and brought to the exit area. The fundamental objective of a fully automated parking system (APS) is to do away with the need for parking attendants.

Global Automated Parking Systems Market, by Platform Type (2022-2029)

• Palleted
• Non-palleted

Global Automated Parking Systems Market, by Component (2022-2029)

• Handwear
• Software

The market for automated parking systems is segmented by component type into hardware and software divisions. The hardware sector, which comprises pucks, cameras & LPRs, smart metres, signage, and parking gates, dominates the market for smart parking systems. On-street parking commonly makes use of smart metres and cameras. Hardware adoption has become commonplace as a result of cities' expanding requirement for on-street parking. Because most people leave their cars parked there for several hours, governments are increasing the equipment and cameras on the road to regulate traffic flow, which is leading smart parking systems to gain popularity. The IMX500 sensors from Sony, supplemented by AI processing, are at the core of three "smart city" studies that were revealed in July 2022.

Key Players in the Automated Parking Systems Market are:

1. Parkmatic (US)
2. Robotic Parking Systems, Inc. (US)
3. AutoMotion Parking Systems (US)
4. CityLift (US)
5. DESIGNA (US)
6. Parking Systems (US)
7. FATA Automation (US)
8. Park Plus Inc. (US)
9. T2 Systems Inc. (US)
10.U-Tron (US)
11.Parkmatic (US)
12.Klaus Multiparking GmbH (Germany)
13.Cleverciti Systems GmbH (Germany)
14.Westfalia (Germany)
15.Wohr (Germany)
16.SKIDATA GmbH (Germany)
17.Palisa Automatic Parking GmbH & Co. KG (Germany)
18.Skyline Parking AG (Switzerland)
19.Dayand Parking Co., Ltd. (China)
20.Eito & Global Inc. (Japan)
21.Amano Corporation (Japan)
22.Unitronics (Israel)
Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Automated Parking Systems market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Automated Parking Systems Market:

Due to a break in operations, end-user sectors where Automated Parking Systems are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Automated Parking Systems manufacturers, affecting the development of the Automated Parking Systems market in 2020. End-user business demand for Automated Parking Systems has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Automated Parking Systems Market Report are:

Which segment had the largest share in the Automated Parking Systems market in 2021?
What is the competitive landscape of the Automated Parking Systems market?
Which are the key drivers aiding the Automated Parking Systems market growth?
Which region has the maximum share in the Automated Parking Systems market?
What will be the CAGR of the Automated Parking Systems market during the forecast period (2022-2027)?
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