The global Automotive Automated Parking System Market is projected to grow from USD 1.33 billion in 2020 to USD 3.62 billion by 2028 at a CAGR of 15.79% during the forecast period.
The Automated Parking System manages parking in order to reduce the amount of space needed for parking. The automated parking mechanism is a system that reduces the amount of parking space necessary. The Automated Parking System is used to construct multi-story parking structures that enhance the number of parking spaces while lowering the amount of land required for parking lots. Parking structures that stack cars vertically to save space are known as Automatic Parking Systems (APS). These one-of-a-kind technologies are designed to transfer vehicles from their entry to their parking location without the need for the driver to be present.
The most recent research report on the Global Automotive Automated Parking System Market Research 2022-2028 focuses on the upcoming trends and is based on a meticulous analysis of the global Automotive Automated Parking System market's geographical landscape. The global Automotive Automated Parking System market study also evaluates detailed information such as demand and supply rates, key contributions by leading industry manufacturers, Automotive Automated Parking System market share, and Automotive Automated Parking System industry growth rate.
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Throughout this study, extensive secondary research was undertaken to acquire information about the global Automotive Automated Parking System market. In addition, primary research on specific businesses has been carried out to back up the given assumptions and findings. The Automotive Automated Parking System market research report is reveals informative data regarding the topological landscape of the organisations and related businesses that have a highly valued place in the global Automotive Automated Parking System market.
We also provided basic information on the revenue share, production, consumption volume, sales price, import/export, and gross margin of its major players (manufacturers). The Automotive Automated Parking System market is also segmented based on upstream raw materials, classifications, downstream users, and equipment evaluation. The worldwide Automotive Automated Parking System market research also contains information on emerging trends, the competitive landscape, Automotive Automated Parking System market influencing factors, and significant statistical data for each market.
The global Automotive Automated Parking System market research has been categorised by application, key manufacturers (players), product types, and topological zones in order to maximize various industrial approaches, marketing tactics, and global and regional sales influences on the Automotive Automated Parking System market. The Automotive Automated Parking System market study examines a variety of key aspects, including Automotive Automated Parking System market share, investments, revenue growth, and worldwide demand and supply factors. In addition, the research report contrasts the production value and potential growth rates.
The COVID-19 epidemic has resulted in a global economic downturn. Lockdowns imposed in various countries of the world to prevent the virus from spreading caused supply chain disruptions and the temporary closure of many manufacturing facilities.
The COVID-19 pandemic has had a major impact on the market for robotic parking systems. New vehicle production and sales, including passenger cars, have been halted due to the global lockdown restriction. Raw materials required to manufacture other automobile parts were unavailable due to the supply chain disruption, creating manufacturing delays. As a result, the industrial economy has been rapidly deteriorating. The COVID-19 pandemic has caused or is causing lockdowns in several countries throughout the world.
Top Players involved in this report are:
Fehr Lagerlogistik AG
Unitronics (1989) (R”G) Ltd.
Robotic Parking Systems, Inc.
Park Plus, Inc.
Wohr Parking System Pvt. Ltd.
AutoMotion Parking Systems
Global Automotive Automated Parking System Market segmentation by Types:
The Application of the Automotive Automated Parking System market can be divided as:
Geographical outlook of this report:
• North America
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Automotive Automated Parking System market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Automotive Automated Parking System industry players in accordance with product picture and its portfolios, Automotive Automated Parking System market plans, and technology. We have also mentioned strength and weaknesses of the Automotive Automated Parking System market alongside the competitive benefits which improves productivity and efficiency of the companies.