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Automated Parking System Market by Automation Level (Fully-automated, Semi-automated), System Type (Hardware, Software), Design Model, Platform Type, Parking Level, Navigation System, End-User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 185 Pages
SKU # IRE18855374

Description

Automated Parking System Market by Automation Level (Fully-automated, Semi-automated), System Type (Hardware, Software), Design Model, Platform Type, Parking Level, Navigation System, End-User - Global Forecast 2024-2030


The Automated Parking System Market size was estimated at USD 3.02 billion in 2023 and expected to reach USD 3.55 billion in 2024, at a CAGR 18.02% to reach USD 9.64 billion by 2030.

An Automated Parking System (APS) is an advanced and technologically-driven parking solution designed to optimize land use, enhance security, reduce environmental impact, and increase overall efficiency in managing and utilizing parking spaces. It involves a combination of mechanical hardware, software integration, and sophisticated algorithms that facilitate the automatic parking of vehicles in designated spots within a multi-level or compact structure without any manual intervention from the driver. The increasing number of vehicles worldwide is leading to a need for more parking spaces in urban areas. As a result, there is a growing demand for efficient parking management systems that maximize space utilization while reducing traffic congestion. However, lack of standardization across automated parking systems can create compatibility issues between various manufacturers' products. Nevertheless, advancements in robotics and software technologies have expanded the potential applications for automated parking systems.

Regional Insights

The Americas observes an advancing automated parking system (APS) market driven by the increasing adoption of smart city technologies and stringent regulations for reducing vehicle emissions. Countries such as Brazil and Mexico are progressively investing in implementing APS to address their growing parking challenges. Asia presents significant growth opportunities for the APS market to combat its escalating parking crises. Governments in these countries are actively promoting intelligent transportation systems that incorporate automation technologies such as APS into their urban infrastructure development plans. Europe has a relatively mature market for APS, driven by factors such as limited parking spaces in urban areas, strict emission regulations, and the growing need for sustainable city development. Germany, France, Italy, Spain, and the United Kingdom are some of the key contributors to the region's market growth. European companies are currently focusing on developing innovative products that meet the unique requirements of European urban centers while adhering to regulatory standards and providing eco-friendly solutions. As cities in the region strive towards becoming smart cities with sustainable infrastructure development plans, the need for APS is expected to rise.

Market Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Automated Parking System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Growing Number of Vehicles Globally with the Increasing Need for Optimum Utilization of Parking Spaces
      • Incorporation of IoT-Based Solutions for Fully Automated Parking Systems
      • Shrinking Land Parking with Rapid Urbanization and Surge in the Adoption of Palletized APS
      • Market Restraints
        • High Cost Associated with Installation of Automated Parking Systems
        • Market Opportunities
          • Significant Emergence of Robotic Parking Systems and Palletless Fully Automated Car Parking System
          • Growing Demand for Green & Sustainable Parking Solutions
          • Market Challenges
            • Concerns Associated with Complex Handling Parking System and Regular Maintenance
            • Market Segmentation Analysis
              • Automation Level: Burgeoning adoption of semi-automated parking system owing to its enhanced convenience and accessibility to users
              • System Type: Significant usage of hardwares in automated parking system for managing vehicle storage and movement
              • Design Model: Use of electro-mechanical APS owing to their energy efficiency and reduced noise levels
              • End-User: Adoption of automated parking systems in commercial settings to improve space optimization for maximizing revenue-generating utilities
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automated Parking System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

              Market Share Analysis

              The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automated Parking System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • Hyundai Mobis Reveals One-Touch Automated Parking System

                Hyundai Mobis launched an upgraded MPS parking control system version called MPS 1.0P (Premium). This latest iteration introduces Memory Parking Assist (MPA), which utilizes a path-learning mode to enable the vehicle to execute a learned process within the same parking space. The system harnesses the power of video-based sensors and Surround View Monitor cameras, combined with advanced technologies for precise vehicle location measurement and mapping. With these cutting-edge features, the system offers assistance for distances up to 100 meters.

                Smart Parking acquires ParkInnovation

                Smart Parking Limited acquired ParkInnovation GmbH (PI), a company that manages 46 parking sites in Germany. This strategic acquisition enables Smart Parking Limited to deploy its proprietary technology across these sites, enhancing the efficiency and convenience of the parking experience for customers. As part of the transition process, the existing shareholders of PI provide their expertise and support to ensure a smooth integration of the business within Smart Parking Limited.

                BMW and Valeo Partner To Create Level 4 Automated Parking System

                BMW and Valeo partnered to develop a Level 4 automated parking system. This advanced system allows drivers to drop off their cars at a parking lot conveniently, and the technology takes over to maneuver the vehicle to an available parking spot. The innovative technology was initially implemented in the Neue Klasse dedicated EV platform models from BMW. The project builds upon the existing automated parking system featured in the BMW iX, leveraging jointly developed algorithms to enhance its capabilities.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automated Parking System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              Key Company Profiles

              The report delves into recent significant developments in the Automated Parking System Market, highlighting leading vendors and their innovative profiles. These include AJ Automated Parking Systems Co., Ltd., Amano Corporation, Asura Technologies Ltd., DESIGNA Verkehrsleittechnik GmbH, E Star Engineers Private Limited, Eros Elevators & Escalators Pvt. Ltd., FATA Automation, Fehr Lagerlogistik AG, Harding Steel, Inc., Klaus Multiparking GmbH, Lödige Industries GmbH, Mitsubishi Heavy Industries Machinery Systems, Nexstep Multiparking Pvt. Ltd., Park Plus, Inc., Parkmatic, PARKPIU' S.R.L, Robert Bosch GmbH, Robotic Parking Systems, Inc., RR Global, Sieger Spintech Equipments Pvt. Ltd., Siemens AG, SKIDATA GmbH, Sotefin Parking Pvt. Ltd., SWARCO AG, Swiss-Park GmbH, Tedra Automotive Solutions Pvt. Ltd., Valeo SA, Verra Mobility, Westfalia Technologies, Inc., and WÖHR Autoparksysteme GmbH.

              Market Segmentation & Coverage

              This research report categorizes the Automated Parking System Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Automation Level
                • Fully-automated
                • Semi-automated
                • System Type
                  • Hardware
                  • Software
                  • Design Model
                    • Electro-mechanical
                    • Hydraulic
                    • Platform Type
                      • Non-palleted
                      • Palleted
                      • Parking Level
                        • Less than Level 5
                        • Level 5-Level 10
                        • More than Level 15
                        • Navigation System
                          • Automated Guided Vehicles
                          • Crane Automated Parking System
                          • Puzzle type Automated Parking System
                          • Rail Guided Carts Automated Parking System
                          • Shuttle Automated Parking System
                          • Silo Automated Parking System
                          • Tower Automated Parking System
                          • End-User
                            • Commercial
                            • Mixed-use
                            • Residential
                            • Region
                              • Americas
                                • Argentina
                                • Brazil
                                • Canada
                                • Mexico
                                • United States
                                  • California
                                  • Florida
                                  • Illinois
                                  • New York
                                  • Ohio
                                  • Pennsylvania
                                  • Texas
                                  • Asia-Pacific
                                    • Australia
                                    • China
                                    • India
                                    • Indonesia
                                    • Japan
                                    • Malaysia
                                    • Philippines
                                    • Singapore
                                    • South Korea
                                    • Taiwan
                                    • Thailand
                                    • Vietnam
                                    • Europe, Middle East & Africa
                                      • Denmark
                                      • Egypt
                                      • Finland
                                      • France
                                      • Germany
                                      • Israel
                                      • Italy
                                      • Netherlands
                                      • Nigeria
                                      • Norway
                                      • Poland
                                      • Qatar
                                      • Russia
                                      • Saudi Arabia
                                      • South Africa
                                      • Spain
                                      • Sweden
                                      • Switzerland
                                      • Turkey
                                      • United Arab Emirates
                                      • United Kingdom


                                      Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

185 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing Number of Vehicles Globally with the Increasing Need for Optimum Utilization of Parking Spaces
5.1.1.2. Incorporation of IoT-Based Solutions for Fully Automated Parking Systems
5.1.1.3. Shrinking Land Parking with Rapid Urbanization and Surge in the Adoption of Palletized APS
5.1.2. Restraints
5.1.2.1. High Cost Associated with Installation of Automated Parking Systems
5.1.3. Opportunities
5.1.3.1. Significant Emergence of Robotic Parking Systems and Palletless Fully Automated Car Parking System
5.1.3.2. Growing Demand for Green & Sustainable Parking Solutions
5.1.4. Challenges
5.1.4.1. Concerns Associated with Complex Handling Parking System and Regular Maintenance
5.2. Market Segmentation Analysis
5.2.1. Automation Level: Burgeoning adoption of semi-automated parking system owing to its enhanced convenience and accessibility to users
5.2.2. System Type: Significant usage of hardwares in automated parking system for managing vehicle storage and movement
5.2.3. Design Model: Use of electro-mechanical APS owing to their energy efficiency and reduced noise levels
5.2.4. End-User: Adoption of automated parking systems in commercial settings to improve space optimization for maximizing revenue-generating utilities
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
6. Automated Parking System Market, by Automation Level
6.1. Introduction
6.2. Fully-automated
6.3. Semi-automated
7. Automated Parking System Market, by System Type
7.1. Introduction
7.2. Hardware
7.3. Software
8. Automated Parking System Market, by Design Model
8.1. Introduction
8.2. Electro-mechanical
8.3. Hydraulic
9. Automated Parking System Market, by Platform Type
9.1. Introduction
9.2. Non-palleted
9.3. Palleted
10. Automated Parking System Market, by Parking Level
10.1. Introduction
10.2. Less than Level 5
10.3. Level 5-Level 10
10.4. More than Level 15
11. Automated Parking System Market, by Navigation System
11.1. Introduction
11.2. Automated Guided Vehicles
11.3. Crane Automated Parking System
11.4. Puzzle type Automated Parking System
11.5. Rail Guided Carts Automated Parking System
11.6. Shuttle Automated Parking System
11.7. Silo Automated Parking System
11.8. Tower Automated Parking System
12. Automated Parking System Market, by End-User
12.1. Introduction
12.2. Commercial
12.3. Mixed-use
12.4. Residential
13. Americas Automated Parking System Market
13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States
14. Asia-Pacific Automated Parking System Market
14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam
15. Europe, Middle East & Africa Automated Parking System Market
15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom
16. Competitive Landscape
16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
16.3.1. Hyundai Mobis Reveals One-Touch Automated Parking System
16.3.2. Smart Parking acquires ParkInnovation
16.3.3. BMW and Valeo Partner To Create Level 4 Automated Parking System
17. Competitive Portfolio
17.1. Key Company Profiles
17.2. Key Product Portfolio

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