Portland, OR , Sept. 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automated parking management systems market generated $1.4 billion in 2021, and is projected to reach $5.7 billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
Download Report (277 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/7474
Automated Parking Management Industry Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.4 billion |
| Market Size in 2031 | $5.7 billion |
| CAGR | 15.1% |
| No. of Pages in Report | 277 |
| Segments Covered | Component, Platform Type, Automation Level, End-Use, And Region. |
| Drivers | Increase in the standard of living |
| Significant surge in the adoption of vehicles among people across the globe | |
| Opportunities | Increase in demand for green parking solutions |
| Persistent technological advancements | |
| Restrains | High initial investment |
COVID-19 Scenario:
- The global parking automated management systems market had a negative impact due to the prevalence of lockdowns in numerous countries around the world during the pandemic. Lockdowns resulted in the social distancing restrictions from the governments of various countries, and hence all sorts of construction, and parking infrastructure projects halted to curb the spread of the virus.
- Stringent regulatory measures were imposed by the government of various countries to significantly curb the spread of the virus. But these regulations had a devastating impact on various industries, including the automotive sector.
- There was a closure of many manufacturing and production facilities in the automotive industry which resulted in decreased sales of automobiles.
- In addition, the reduction in workforce and shortage of essential raw materials due to trade bans further aggravated the impact on the market.
- Besides, the cancellation of all sorts of infrastructure and parking projects adversely impacted the market even more.
- However, the market is expected to recoup with eased restrictions and technological advancements.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/7474
The report offers detailed segmentation of the global automated parking management systems market based on component, platform type, automation level, end-use, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
Based on component, the hardware segment held the largest market share in 2021, holding around three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The software segment, on the other hand, is expected to cite the fastest CAGR of 16.8% during the forecast period.
Based on platform type, the palleted segment held the largest market share in 2021, holding nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The non-palleted segment, on the other hand, is expected to cite the fastest CAGR of 16.5% during the forecast period.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/7474
Based on end-use, the commercial segment held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The residential segment, on the other hand, is expected to cite the fastest CAGR of 16.6% during the forecast period.
Based on region, the market across Europe held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 16.7% during the forecast period.
The key players analyzed in the global automated parking management systems market report include Amano Corporation, FATA Automation, Fehr Lagerlogistik AG (Skyline Parking), Flowbird, IBM Corporation, Klaus Multiparking GmbH, Robotic Parking Systems, Inc., Siemens AG, Skidata GmbH, Streetline, Inc., Swarco, T2 Systems, Unitronics (1989) (RG) Ltd, Westfalia Technologies Inc., and Xerox Corporation.
The report analyzes these key players in the global automated parking management systems market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/7474
Similar Reports We Have on Parking Management Industry:
Smart Parking Market by Type (Off-street and On-street Parking), Technology (IoT, Ultrasonic, and RFID), Application (Security & Surveillance, Smart Payment System, E-parking, and License Plate Recognition), and End User (Commercial and Government) - Global Opportunity Analysis and Industry Forecast, 2018-2030.
Fully Automated Parking Management Systems Market by System Type (Hardware and Software), End User (Commercial, Residential, and Mixed-use), Design Model (Hydraulics and Electro-mechanical), Platform Type (Palleted and Non-Palleted), and Parking level (Less than Level 5, Level 5- Level 10, and More than Level 10): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Real-Time Parking System Market by Type (On-Street, Off-Street, and Others), and Application (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle, Transport, Aviation, Government, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Parking Meter Market by Technology [Parking Meter (Single Space), Parking Kiosks (Multi Space)], Parking Mode (Pay & Display, Plate, Space, and Others) and Application (Government Institutions, Hospitals, Parks, Transit Systems, Malls & Stadiums, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Valet Parking Technology Market by Automation Level (Semi-automated, and Fully-automated), System Type (Hardware, and Software), End-user (Hydraulic, and Electro-mechanical), Platform (Palleted, and Non-palleted), Design model (Less than Level 5, Level 5-Level 10, and More than Level 15), and Parking Level (Commercial, Residential, and Mixed-use): Global Opportunity Analysis and Industry Forecast, 2021 – 2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
