Automated Parking System Market: Introduction
Automated Parking System is a technology which is used to regulate parking in order to optimize area required for parking. Automated Parking System is design through which one can minimize volume required for parking of cars. Automated Parking System is used to create multi story parking system which elevates the number of parking spaces while reducing usage of the land required for the parking lots.
The automated parking system provides an automated system to transport vehicle to and from parking lot with driverless transport of the vehicle eliminates lots of space wastage that actually occurs in manual parking multi story parking lots.
In other words, Automated Parking System provides automatic storage and retrieval of cars or vehicle which makes it immensely efficient in terms of land coverage and time required for parking and retraction of vehicle from the parking space.
These Parking System are going to prove most effective in metropolitan cities and urban regions to cope up with the intensifying problem of insufficient parking spaces.
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Automated Parking System Market: Dynamics
With the extensive use and bulging number of in use vehicles across the globe has also raised concerns over the parking space issues for these vehicles. To overcome these problem and to optimize the use of limited parking space the use of automated parking system has gained prominence in most of the metropolitan cities.
Due to the limitations in the parking spaces the incidents of violation of no parking zone has increased at a substantial rate obstructing the traffic on that road and creating situation of heavy traffic congestion. In order to effectively reduce this problem and to cope up with this situation.
The market is anticipated to bolster its sales in the market. Also, in the automated car parking system there is no requirement of space required to open the door or the circulation area for the vehicle which help to reduce 60 percent less building volume and 40 percent lesser area than traditional garages.
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Automated Parking System Market: Segmentation
| On the basis of Technology |
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| On the basis of End Use Application |
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| On the basis of Navigation System |
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Automated Parking System Market: Regional Overview
The market of North America is anticipated to have substantial market share and is also expected to grow at a swift pace due to extensive adoption of automation technologies in the region. Also to have a proper system and regulate the parking space for huge on road fleet in the country like U.S. the use of Automotive Parking System is likely to bolster in the region.
The increasing sales and use of automobile vehicles in the developing nations like India and ASEAN region are expected to propel the market for automated parking system market in South Asia.
The real estate developers in the region are expected to adopt automotive parking system. This adoption is anticipated to reduce required parking space by optimization of parking usage subsequently increasing the construction area.
The countries like Japan and China are expected to emerge as forerunners in the market of East Asia and also anticipated to reinforce sales for automated parking system in the region. The Europe is also expected to procure decent growth in the market with the inclination of consumers to use automated parking system in order to get rid of time consuming and cumbersome process of parking.
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Automated Parking System Market: Market Participants
Some of the prominent manufacturers identified across the value chain are as follows:
- Mitsubishi Electric Corporation
- AJ Automated Parking Systems
- Expert Parking
- Unitronics Corporation
- Klaus Multiparking
- Westfalia Parking
- Wohr
- Robotic Parking Systems, Inc.r
- CityLift
- FATA Automation
- Boomerang Systems
- TAPS
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