Automated Parking Management Systems Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Jun 2020 | No. of Pages : 200 Pages | Category : Automation and Transport

The global automatic parking management system market is anticipated to grow at a CAGR of over 13.52% from 2020 to 2027 and touch a valuation of US$ 4.8 billion by the end of 2027.

Key Players

Key players operating in the automated parking management system market are anticipated to benefit from mergers and acquisitions with global players in the differential market. Key market players have a strong global presence, firm establishments, and a wide product portfolio. The players operating in the automated parking management system market are Skyline Parking AG, CityLift, Robotic Parking Systems, Inc., UNITRONICS, Dayang Parking Co. Ltd., EITO&GLOBAL INC., and others. Companies are focusing on strategic expansions with regional parking system providers in order to expand their business globally. Skyline Parking AG is a major manufacturer and has expertise in the manufacture of fully and semi-automated parking systems. Skyline Parking AG holds a prominent market share in the automated parking management system market.

Segmentation

  • Mode of Automation
    • Semi-automated Parking System
    • Fully automated Parking System
  • Technology
    • Sensor Technology
    • Mobile Technology
    • RFID Technology
    • Others
  • End User
    • Residential
    • Commercial
  • Service & Solution
    • Integrated Payments
    • Vehicle Detection Solutions
    • Space Reservation Services
    • Monitoring & Reporting Services
  • System
    • Software
    • Hardware
  • Region
    • North America
      • U.S.
      • Canada
    •  Europe
      • Germany
      • France
      • U.K
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

Overview

This report analyzes and forecasts the market for automated parking management systems at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (million units) from 2020 to 2027. The study includes drivers and restraints of the global automated parking management system market. It also covers the impact of these drivers and restraints on demand for automated parking management systems during the forecast period. The report also highlights opportunities in the automated parking management system market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automated parking management system market. The Porter’s Five Forces model for the automated parking management system market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global automated parking management system market by segmenting it based on mode of automation, technology, end-user, service and solution, system, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automated parking management system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual application segments in all regions.

The report provides the estimated market size of the automated parking management system market for 2017 and forecast for the next nine years. The size of the global automated parking management system market has been provided in terms of revenue. Market numbers have been estimated based on key mode of automation, technology, end-user, service & solution, system, and regional segments of the automated parking management system market. Market size and forecast for each major type have been provided in terms of global and regional/country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, World Bank, Global City Investments, Planning Commission report, Factiva, and National Mineral Development Corporation.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.


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