Global Robotic Parking Systems Market 2020-2024

Global Robotic Parking Systems Market 2020-2024

Technavio has been monitoring the robotic parking systems market and it is poised to grow by $ 71.27 million during 2020-2024 progressing at a CAGR of 17% during the forecast period. Our reports on robotic parking systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the scarcity and drawbacks of conventional parking spaces, technological advances in automotive industry, and growth of global passenger vehicle market. In addition, scarcity and drawbacks of conventional parking spaces is anticipated to boost the growth of the market as well.

The robotic parking systems market analysis includes end-user segment, type segment, and geographical landscapes.

Technavio's robotic parking systems market is segmented as below:

By End-user

• Commercial
• Residential
• Others

By Type

• AGVs with peripherals
• Standalone AGVs

By Geographic Landscapes

• Europe
• North America
• APAC
• MEA
• South America

This study identifies the high adoption of smart parking as one of the prime reasons driving the robotic parking systems market growth during the next few years. Also, increase in demand from luxury residential buildings, and increased vendor initiatives will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our robotic parking systems market covers the following areas:

• Robotic parking systems market sizing
• Robotic parking systems market forecast
• Robotic parking systems market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading robotic parking systems market vendors that include Amano Corp., Cisco Systems Inc., Conduent Inc., Flowbird SAS, IPS Group Inc., Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG. Also, the robotic parking systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.