Robotic Parking Systems

Robotic Parking Systems

Global Robotic Parking Systems Market to Reach $188.2 Million by 2027

In the changed post COVID-19 business landscape, the global market for Robotic Parking Systems estimated at US$62.8 Million in the year 2020, is projected to reach a revised size of US$188.2 Million by 2027, growing at aCAGR of 17% over the period 2020-2027. AGVs with Peripherals, one of the segments analyzed in the report, is projected to record 18.2% CAGR and reach US$112.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Standalone AGVs segment is readjusted to a revised 15.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $18.1 Million, While China is Forecast to Grow at 16% CAGR

The Robotic Parking Systems market in the U.S. is estimated at US$18.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.1 Million by the year 2027 trailing a CAGR of 16% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 14.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.

Select Competitors (Total 46 Featured) -

• 5by2
• A.P.T. Parking Technologies, LLC
• AIM Inc.
• Automated Parking Corp.
• Hangzhou Hikrobot Technology Co., Ltd.
• International Animal Health Products
• PALIS® Automatic Parking GmbH & Co.KG
• Park Plus Inc.
• Skyline Parking
• Unitronics Development & Design

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