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Global Automated Parking Systems Market 2017-2021

Global Automated Parking Systems Market 2017-2021

About Automated Parking Systems

The global parking systems market comprises robotic (AGV-based system), semi-automated, as well as fully-automated parking systems that are used in residential, commercial, and other end-user segments. Vendors in this market are introducing new products that are cost-efficient for larger systems. While the market is dominated by automated and semi-automated parking systems that use mechanical systems to move cars into parking spaces, there has been an upsurge in the adoption rate of robotic parking systems based on automated guided vehicles (AGVs) in the last five years.

Technavio’s analysts forecast the global automated parking systems market to grow at a CAGR of 11.42% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automated parking systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automated Parking Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CityLift Parking
  • KLAUS Multiparking
  • Robotic Parking Systems
  • Skyline Parking
  • Unitronics
Other prominent vendors
  • 5BY2
  • Automotion Parking Systems
  • Dayang Parking
  • Dongyang Menics
  • EITO&GLOBAL
  • FATA Automation
  • IHI
  • Katopark
  • Nissei Build Industries
  • Parkmatic
  • PARKPLUS
  • Qingdao Bortome
  • Simmatec
  • Sotefin
  • Tada
  • The Automated Parking Solution
  • Westfalia Parking Solutions
  • WÖHR
Market driver
  • Increase in automobile sales
  • For a full, detailed list, view our report
Market challenge
  • Regulatory requirements for operations of automated parking systems
  • For a full, detailed list, view our report
Market trend
  • Trends in smart parking
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Automated Parking Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global automated parking systems market: CityLift Parking, KLAUS Multiparking, Robotic Parking Systems, Skyline Parking, and Unitronics.

Other Prominent Vendors in the market are: 5BY2, Automotion Parking Systems, Dayang Parking, Dongyang Menics, EITO&GLOBAL, FATA Automation, IHI, Katopark, Nissei Build Industries, Parkmatic, PARKPLUS, Qingdao Bortome, Simmatec, Sotefin, Tada, The Automated Parking Solution, Westfalia Parking Solutions, and WÖHR.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is trends in smart parking. The future of the parking industry will primarily be driven by the adoption of smart parking solutions. The deployment of advanced sensor technologies, and innovations in wireless communications, data analytics, induction loops, and smart parking meters will be major developments contributing to the growth of the market.”

According to the report, one driver in the market is increase in automobile sales. Passenger car sales have been increasing at a tremendous rate over the years, owing to the high disposable incomes and the rising consumer aspirations. This has, in turn, led to an increase in demand for infrastructure to park these vehicles. It has been noted that a large proportion of passenger vehicle accidents involving property damage have occurred in parking spaces that require multiple maneuvering actions. While on-street and off-street parking have been widely adopted across the globe, there is a considerable demand for parking spaces that use less land area, while ensuring that space is optimized.

Further, the report states that one challenge in the market is regulatory requirements for operations of automated parking systems. Manufacturers in the market are subject to various regulations depending on the country where the products are manufactured and sold for commercial purposes. They are required to gain the necessary approvals and clearances before implementing automated parking systems. For instance, in Europe, automated parking systems are governed by the machinery directive 2006/42/EC, and their basic technical requirements are specified in the European standard EN 14010. Vendors are expected to comply with these regulations to ensure that the parking systems are optimized.

Companies Mentioned

CityLift Parking, KLAUS Multiparking, Robotic Parking Systems, Skyline Parking, Unitronics, 5BY2, Automotion Parking Systems, Dayang Parking, Dongyang Menics, EITO&GLOBAL, FATA Automation, IHI, Katopark, Nissei Build Industries, Parkmatic, PARKPLUS, Qingdao Bortome, Simmatec, Sotefin, Tada, The Automated Parking Solution, Westfalia Parking Solutions, and WÖHR.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Global parking systems market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition – Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing - 2016
    • Market size and forecast 2016-2021
      • Table Major types of automated parking systems
      • Table Global – Market size and forecast 2016-2021 ($ mn)
      • Table Global – Year-over-year growth 2017-2021 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user – Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end-user
      • Table Major advantages of automated parking systems for parking structure owners
    • Commercial segment – Market size and forecast 2016-2021
      • Table Commercial segment – Market size and forecast 2016-2021 ($ mn)
      • Table Commercial segment – Year-over-year growth 2017-2021 (%)
    • Residential segment – Market size and forecast 2016-2021
      • Table Residential segment – Market size and forecast 2016-2021 ($ mn)
      • Table Residential segment – Year-over-year growth 2017-2021 (%)
    • Others – Market size and forecast 2016-2021
      • Table Others – Market size and forecast 2016-2021 ($ mn)
      • Table Others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2016-2021
      • Table APAC – Market size and forecast 2016-2021 ($ mn)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size and forecast 2016-2021
      • Table EMEA – Market size and forecast 2016-2021 ($ mn)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – Market size and forecast 2016-2021
      • Table Americas – Market size and forecast 2016-2021 ($ mn)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
    • Table Technavio's framework has been provided below:
  • Drivers and challenges
    • Market drivers
      • Table Passenger car sales 2016-2021 (million units)
      • Table Major automated parking initiatives in India
    • Market challenges
      • Table Regulatory requirements for operations of automated parking systems
      • Table Technical and service-related drawbacks
  • Market trends
    • Trends in smart parking
      • Table Major trends in smart parking
    • Increase in demand from luxury residential buildings
    • Improvement in services
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendor overview
    • CityLift Parking
      • Table Product offerings: CityLift Parking
    • KLAUS Multiparking
      • Table Product offerings: KLAUS Multiparking
    • Robotic Parking Systems
      • Table Product offerings: Robotic Parking Systems
    • Skyline Parking
      • Table Product offerings: Skyline Parking
      • Table Recent developments: Skyline Parking
    • Unitronics
      • Table Product offerings: Unitronics
      • Table Recent developments: Unitronics
  • Appendix
    • List of abbreviations
  • Explore Technavio

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