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Automated Parking System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 182 Pages
SKU # FOB18820195

Description

Automated Parking System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Automated Parking System Market

The global automated parking system market size was valued at USD 2.05 billion in 2022 and is projected to grow from USD 2.28 billion in 2023 to USD 4.83 billion by 2030, exhibiting a CAGR of 5.1% during the forecast period of 2023-2030.

Some of the characteristics of the COVID-19 pandemic have affected the growth of the industries involved in developing the Automated Parking System market. COVID rationalized that with reduced movement around the country and between countries, there is a limited need for APS solutions. Also, the pandemic has disrupted the production and transportation of APS equipment that is part of the supply chain systems, affecting automated parking system market growth.

Automated parking systems or APS are elicited by drivers driven mainly by the desire to reduce the costs of parking and, at the same time, meet their needs for a place. Because of population growth and demand for more parking lots, particularly in urban areas, the availability of land becomes a problem; thus, the demand for better parking structures is mulled.

The consequences of this raised rate of urbanization are some of the social issues that present themselves, one of which is the lack of parking lot space in urban areas. The population also flows from the countryside to cities; thus, people require more parking zones, and many cities face the problem of creating sufficient parking zones. APS is a solution because it utilizes vertical space and optimizes parking space in densely populated urban areas, impeding a global rise in automated parking system market share. Under the APS, the citizens are also provided with opportunities to use unused spaces like roofs and basements for parking cars, thus lessening the stress on the already compact streets and, more so, the driver searching for a place to park the car.

Comprehensive Analysis of Automated Parking System Market

The automated parking system market is segmented into three categories: Application, automation level, and components, which are the three factors considered when selecting the appropriate procedure for implementing a specific control. By application, the global market is divided into commercial and residential parking. Among them, commercial parking has a larger market share because of increasing urbanization and a more significant requirement for parking space in the commercial sector. Residential parking is likely the most rapidly growing segment as disposable income increases and available space for horizontal parking declines in compact residential areas. About automation, the market can be divided into fully automated and semi-automated, in which fully automated dominates due to superior characteristics and utilization in intelligent cities.

The European region led the automated parking system market by benefitting a size of USD 850 million in 2022 due to the growing demand for vehicles and the integration of innovative technologies.

The leading players in the automated parking system market significantly impact its growth trajectory and set industry standards. These key players, including Westfalia Parking (Germany), Klaus Multiparking GmbH (Germany), Utron Parking (Israel), Wohr Parking Systems Pvt. Ltd. (India), Skyline Parking (Switzerland), City Lift (India), Lödige Industries (Germany), Park Plus, Inc. (U.S.), and ShinMaywa Industries, Ltd. (Japan), contribute to a competitive landscape, driving innovation and market advancement.

In April 2022, Klaus Multiparking collaborated with Unipark, a leading company in Denmark dealing with automated parking systems, where Klaus Multiparking is a sales partner of Unipark. These two must be partners to enhance Klaus Multiparking's market position in Denmark and the global market.

Segmentation Table

ATTRIBUTEDETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 11.3% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Application

Commercial Parking

Residential Parking

By Automation Level

Fully Automated

Semi-Automated

By Component

Hardware

Software

By Region

North America (By Application, By Automation Level, By Component)

- U.S. (By Automation Level)

- Canada (By Automation Level)

- Mexico (By Automation Level)

Europe (By application, By Automation Level, By Component)

- U.K. (By Automation Level)

- Germany (By Automation Level)

- France (By Automation Level)

- Rest of Europe (By Automation Level)

Asia Pacific (By Application, By Automation Level, By Component)

- China (By Automation Level)

- Japan (By Automation Level)

- India (By Automation Level)

- Rest of APAC (By Automation Level)

Rest of the World (By Application, By Automation Level, By Component)


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Table of Contents

182 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments –Mergers, Acquisitions, and Partnerships
4.2. Latest technological Advancements
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
5. Quantitative Insights- Impact of COVID-19 Pandemic on Armored Vehicle Market
5.1. Impact of COVID-19 on Global Armored Vehicle Market
5.2. Steps Taken by Industry/Companies/Governments to Overcome the Impact
5.3. Key Developments in The Industry in Response to COVD-19 Pandemic
5.4. Potential Opportunities Due to COVID-19 Outbreak
6. Global Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
6.1. Key Findings / Summary
6.2. Market Analysis, Insights, and Forecast – By Platform
6.2.1. Combat Vehicles
6.2.1.1. Main Battle Tanks
6.2.1.2. Infantry Fighting Vehicles
6.2.1.3. Armored Personal Carriers
6.2.1.4. Armored Amphibious Vehicles
6.2.1.5. Mine-Resistant Ambush Protected Vehicles
6.2.1.6. Light Armored Vehicles
6.2.1.7. Self-Propelled Howitzers
6.2.1.8. Air Defense Vehicles
6.2.1.9. Armored Mortar Carrier
6.2.2. Combat Support Vehicles
6.2.2.1. Armored Supply Trucks
6.2.2.2. Armored Command and Control Vehicles
6.2.2.3. Repair and Recovery Vehicles
6.2.2.4. Others
6.2.3. Unmanned Armored Ground Vehicles
6.3. Market Analysis, Insights and Forecast – By Mobility
6.3.1. Wheeled
6.3.2. Tracked
6.4. Market Analysis, Insights, and Forecast – By System
6.4.1. Engine
6.4.2. Drive System
6.4.3. Ballistic Armor
6.4.4. Turret Drives
6.4.5. Ammunition Handling System
6.4.6. Fire Control Systems (FCS)
6.4.7. Armaments
6.4.8. Countermeasure System
6.4.9. Command & Control (C2) System
6.4.10. Power System
6.4.11. Navigation System
6.4.12. Observation & Display System
6.4.13. Hulls/Frames
6.5. Market Analysis, Insights, and Forecast – By Region
6.5.1. North America
6.5.2. Europe
6.5.3. Asia Pacific
6.5.4. Middle East
6.5.5. Rest of the World
7. North America Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
7.1. Key Findings / Summary
7.2. Market Analysis, Insights, and Forecast – By Platform
7.2.1. Combat Vehicles
7.2.1.1. Main Battle Tanks
7.2.1.2. Infantry Fighting Vehicles
7.2.1.3. Armored Personal Carriers
7.2.1.4. Armored Amphibious Vehicles
7.2.1.5. Mine-Resistant Ambush Protected Vehicles
7.2.1.6. Light Armored Vehicles
7.2.1.7. Self-Propelled Howitzers
7.2.1.8. Air Defense Vehicles
7.2.1.9. Armored Mortar Carrier
7.2.2. Combat Support Vehicles
7.2.2.1. Armored Supply Trucks
7.2.2.2. Armored Command and Control Vehicles
7.2.2.3. Repair and Recovery Vehicles
7.2.2.4. Others
7.2.3. Unmanned Armored Ground Vehicles
7.3. Market Analysis, Insights and Forecast – By Mobility
7.3.1. Wheeled
7.3.2. Tracked
7.4. Market Analysis, Insights, and Forecast – By System
7.4.1. Engine
7.4.2. Drive System
7.4.3. Ballistic Armor
7.4.4. Turret Drives
7.4.5. Ammunition Handling System
7.4.6. Fire Control Systems (FCS)
7.4.7. Armaments
7.4.8. Countermeasure System
7.4.9. Command & Control (C2) System
7.4.10. Power System
7.4.11. Navigation System
7.4.12. Observation & Display System
7.4.13. Hulls/Frames
7.5. Market Analysis, Insights, and Forecast – By Country
7.5.1. The U.S.
7.5.1.1. By System
7.5.2. Canada
7.5.2.1. By System
8. Europe Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
8.1. Key Findings / Summary
8.2. Market Analysis, Insights, and Forecast – By Platform
8.2.1. Combat Vehicles
8.2.1.1. Main Battle Tanks
8.2.1.2. Infantry Fighting Vehicles
8.2.1.3. Armored Personal Carriers
8.2.1.4. Armored Amphibious Vehicles
8.2.1.5. Mine-Resistant Ambush Protected Vehicles
8.2.1.6. Light Armored Vehicles
8.2.1.7. Self-Propelled Howitzers
8.2.1.8. Air Defense Vehicles
8.2.1.9. Armored Mortar Carrier
8.2.2. Combat Support Vehicles
8.2.2.1. Armored Supply Trucks
8.2.2.2. Armored Command and Control Vehicles
8.2.2.3. Repair and Recovery Vehicles
8.2.2.4. Others
8.2.3. Unmanned Armored Ground Vehicles
8.3. Market Analysis, Insights and Forecast – By Mobility
8.3.1. Wheeled
8.3.2. Tracked
8.4. Market Analysis, Insights, and Forecast – By System
8.4.1. Engine
8.4.2. Drive System
8.4.3. Ballistic Armor
8.4.4. Turret Drives
8.4.5. Ammunition Handling System
8.4.6. Fire Control Systems (FCS)
8.4.7. Armaments
8.4.8. Countermeasure System
8.4.9. Command & Control (C2) System
8.4.10. Power System
8.4.11. Navigation System
8.4.12. Observation & Display System
8.4.13. Hulls/Frames
8.5. Market Analysis, Insights, and Forecast – By Country
8.5.1. The U.K.
8.5.1.1. By System
8.5.2. Germany
8.5.2.1. By System
8.5.3. France
8.5.3.1. By System
8.5.4. Russia
8.5.4.1. By System
8.5.5. Ukraine
8.5.5.1. By System
8.5.6. Rest of Europe
8.5.6.1. By System
9. Asia Pacific Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
9.1. Key Findings / Summary
9.2. Market Analysis, Insights, and Forecast – By Platform
9.2.1. Combat Vehicles
9.2.1.1. Main Battle Tanks
9.2.1.2. Infantry Fighting Vehicles
9.2.1.3. Armored Personal Carriers
9.2.1.4. Armored Amphibious Vehicles
9.2.1.5. Mine-Resistant Ambush Protected Vehicles
9.2.1.6. Light Armored Vehicles
9.2.1.7. Self-Propelled Howitzers
9.2.1.8. Air Defense Vehicles
9.2.1.9. Armored Mortar Carrier
9.2.2. Combat Support Vehicles
9.2.2.1. Armored Supply Trucks
9.2.2.2. Armored Command and Control Vehicles
9.2.2.3. Repair and Recovery Vehicles
9.2.2.4. Others
9.2.3. Unmanned Armored Ground Vehicles
9.3. Market Analysis, Insights and Forecast – By Mobility
9.3.1. Wheeled
9.3.2. Tracked
9.4. Market Analysis, Insights, and Forecast – By System
9.4.1. Engine
9.4.2. Drive System
9.4.3. Ballistic Armor
9.4.4. Turret Drives
9.4.5. Ammunition Handling System
9.4.6. Fire Control Systems (FCS)
9.4.7. Armaments
9.4.8. Countermeasure System
9.4.9. Command & Control (C2) System
9.4.10. Power System
9.4.11. Navigation System
9.4.12. Observation & Display System
9.4.13. Hulls/Frames
9.5. Market Analysis, Insights, and Forecast – By Country
9.5.1. China
9.5.1.1. By System
9.5.2. India
9.5.2.1. By System
9.5.3. Japan
9.5.3.1. By System
9.5.4. Australia
9.5.4.1. By System
9.5.5. South Korea
9.5.5.1. By System
9.5.6. Rest of Asia-Pacific
9.5.6.1. By System
10. The Middle East Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
10.1. Key Findings / Summary
10.2. Market Analysis, Insights, and Forecast – By Platform
10.2.1. Combat Vehicles
10.2.1.1. Main Battle Tanks
10.2.1.2. Infantry Fighting Vehicles
10.2.1.3. Armored Personal Carriers
10.2.1.4. Armored Amphibious Vehicles
10.2.1.5. Mine-Resistant Ambush Protected Vehicles
10.2.1.6. Light Armored Vehicles
10.2.1.7. Self-Propelled Howitzers
10.2.1.8. Air Defense Vehicles
10.2.1.9. Armored Mortar Carrier
10.2.2. Combat Support Vehicles
10.2.2.1. Armored Supply Trucks
10.2.2.2. Armored Command and Control Vehicles
10.2.2.3. Repair and Recovery Vehicles
10.2.2.4. Others
10.2.3. Unmanned Armored Ground Vehicles
10.3. Market Analysis, Insights and Forecast – By Mobility
10.3.1. Wheeled
10.3.2. Tracked
10.4. Market Analysis, Insights, and Forecast – By System
10.4.1. Engine
10.4.2. Drive System
10.4.3. Ballistic Armor
10.4.4. Turret Drives
10.4.5. Ammunition Handling System
10.4.6. Fire Control Systems (FCS)
10.4.7. Armaments
10.4.8. Countermeasure System
10.4.9. Command & Control (C2) System
10.4.10. Power System
10.4.11. Navigation System
10.4.12. Observation & Display System
10.4.13. Hulls/Frames
10.5. Market Analysis, Insights, and Forecast – By Country
10.5.1. The UAE
10.5.1.1. By System
10.5.2. Saudi Arabia
10.5.2.1. By System
10.5.3. Turkey
10.5.3.1. By System
10.5.4. Israel
10.5.4.1. By System
10.5.5. Rest of the Middle East
10.5.5.1. By System
11. Rest of the World Armored Vehicle Market Analysis, Insights and Forecast, 2017-2028
11.1. Key Findings / Summary
11.2. Market Analysis, Insights, and Forecast – By Platform
11.2.1. Combat Vehicles
11.2.1.1. Main Battle Tanks
11.2.1.2. Infantry Fighting Vehicles
11.2.1.3. Armored Personal Carriers
11.2.1.4. Armored Amphibious Vehicles
11.2.1.5. Mine-Resistant Ambush Protected Vehicles
11.2.1.6. Light Armored Vehicles
11.2.1.7. Self-Propelled Howitzers
11.2.1.8. Air Defense Vehicles
11.2.1.9. Armored Mortar Carrier
11.2.2. Combat Support Vehicles
11.2.2.1. Armored Supply Trucks
11.2.2.2. Armored Command and Control Vehicles
11.2.2.3. Repair and Recovery Vehicles
11.2.2.4. Others
11.2.3. Unmanned Armored Ground Vehicles
11.3. Market Analysis, Insights and Forecast – By Mobility
11.3.1. Wheeled
11.3.2. Tracked
11.4. Market Analysis, Insights, and Forecast – By System
11.4.1. Engine
11.4.2. Drive System
11.4.3. Ballistic Armor
11.4.4. Turret Drives
11.4.5. Ammunition Handling System
11.4.6. Fire Control Systems (FCS)
11.4.7. Armaments
11.4.8. Countermeasure System
11.4.9. Command & Control (C2) System
11.4.10. Power System
11.4.11. Navigation System
11.4.12. Observation & Display System
11.4.13. Hulls/Frames
11.5. Market Analysis, Insights, and Forecast – By Country
11.5.1. Africa
11.5.1.1. By System
11.5.2. Latin America
11.5.2.1. By System
12. Competitive Matrix
12.1. Comparative Analysis – Major Players
12.2. Company Profiles
12.2.1. BAE Systems (The U.K)
12.2.1.1. Description
12.2.1.2. Product Portfolio
12.2.1.3. Financials (Data as available in public domain and/or on paid databases)
12.2.1.4. Recent Developments
12.2.2. Denel SOC Ltd (South Africa)
12.2.2.1. Description
12.2.2.2. Product Portfolio
12.2.2.3. Financials (Data as available in public domain and/or on paid databases)
12.2.2.4. Recent Developments
12.2.3. General Dynamics Corporation (The U.S.)
12.2.3.1. Description
12.2.3.2. Product Portfolio
12.2.3.3. Financials (Data as available in public domain and/or on paid databases)
12.2.3.4. Recent Developments
12.2.4. IVECO DEFENCE VEHICLES (Italy)
12.2.4.1. Description
12.2.4.2. Product Portfolio
12.2.4.3. Financials (Data as available in public domain and/or on paid databases)
12.2.4.4. Recent Developments
12.2.5. Krauss-Maffei Wegmann GmbH & Co. KG (Germany)
12.2.5.1. Description
12.2.5.2. Product Portfolio
12.2.5.3. Financials (Data as available in public domain and/or on paid databases)
12.2.5.4. Recent Developments
12.2.6. NORINCOGROUP (China)
12.2.6.1. Description
12.2.6.2. Product Portfolio
12.2.6.3. Financials (Data as available in public domain and/or on paid databases)
12.2.6.4. Recent Developments
12.2.7. Oshkosh Defense, LLC an Oshkosh Corporation Company (The U.S)
12.2.7.1. Description
12.2.7.2. Product Portfolio
12.2.7.3. Financials (Data as available in public domain and/or on paid databases)
12.2.7.4. Recent Developments
12.2.8. Otokar, a KOC Group Company (Turkey)
12.2.8.1. Description
12.2.8.2. Product Portfolio
12.2.8.3. Financials (Data as available in public domain and/or on paid databases)
12.2.8.4. Recent Developments
12.2.9. Rheinmetall AG (Germany)
12.2.9.1. Description
12.2.9.2. Product Portfolio
12.2.9.3. Financials (Data as available in public domain and/or on paid databases)
12.2.9.4. Recent Developments
12.2.10. Textron Systems (The U.S.)
12.2.10.1. Description
12.2.10.2. Product Portfolio
12.2.10.3. Financials (Data as available in public domain and/or on paid databases)
12.2.10.4. Recent Developments

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