Automated Parking Systems Market By Type (Semi-automatic and Automatic), By Application (Car, Buses, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

An automated parking system is designed to use the minimal area for parking of cars, often stacked vertically to maximize the number of vehicles parked while reducing land use. The automated parking systems make use of mechanical designs that operate on digital software to ensure quick and efficient parking promptly without meaningful human intervention.

Market Dynamics

The continued efforts to avoid traffic congestions and increasing parking efficiency in a precise manner are the primary factors driving the market growth. The automated parking systems work smoothly in comparison to the conventional ramped parking structure as there is no need to keep driving while looking for available parking space. The reduction in carbon emissions is also possible owing to the switching-off of engines, while the vehicle can also be controlled remotely via smartphone applications. The cars can also be adjusted in small constricted spaces in an optimized manner, eliminating problems of parking space in urban centres of residence. However, consumer distrust in automated parking systems and complexity issues in the working of systems machinery might hamper market growth. Automotive consumers are ambivalent about the end-products, uncertain about the idea of providing control of the vehicle to an automated system, which might also hamper the growth of the market significantly. The instances of faulty projects and machinery malfunctioning have added to the trouble of manufacturers who are still finding methods to full-proof the automated systems. The luxurious appeal of automated parking systems as a high-end product and efficient vehicle handling through glossy touch screens and user-friendly mobile apps would provide lucrative opportunities for the market in the coming years.
 
Market Segmentation

The global Automated Parking Systems market is mainly classified based on Type and Application. Type is further segmented into Semi-automatic and Automatic. By Application, the market is divided into Car, Buses, and Others.

The Semi-automatic segment by Type holds a considerable share in terms of overall market value owing to the simplicity in its operations and higher control of the moving vehicle offered to automotive owners through associated software and tools.

In terms of application, the Car segment is a prominent category with a significantly large portion of market share owing to the adoption of the rapid systems in urban residential and commercial areas to eradicate severe land shortages. The increasing awareness among car owners to make optimized use of the available technological innovations for automotive parking.

Regional Analysis

Based on geography, the global Automated Parking Systems market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific has emerged as a substantially prominent region of the market in terms of overall share owing to high product adoption among tech-savvy regional consumers. The rapid rate of innovation and product development to full-proof automated parking systems, and increased efforts shown by civil authorities to maximize land use through optimization of parking spaces would also propel the prospects of regional market growth.
 
Competitive landscape

The Automated Parking Systems market is moderately consolidated, with several companies operating with expansive manufacturing capabilities and product servicing at multiple locations all around the globe.

Key players operating in the Automated Parking Systems industry include Bosch, CityLift Parking, Clarion, Continental, DENSO Corporation, Eito & Global Inc., FATA Automation, Inc., KLAUS Multiparking, Park Plus, Inc., Parkmatic, Robotic Parking Systems, Unitronics Corporation, Valeo, Westfalia WFT-Fordertechnik GmbH & Co., and Wohr Autoparksysteme GmbH.

The extensive efforts of product development aimed to develop advanced systems and expansion in business opportunities through meaningful strategic collaborations are the primarily followed business strategies of key players looking to capture substantial market share over the forecast period.

Covid-19 Impact Analysis

The implementation of travel restrictions placed all around the globe as a means to curb the impact of the global pandemic have generated severe operability issues for all companies involved in the Automated Parking Systems market. As more and more commercial enterprises commit to shift towards remote working initiatives and places of leisure activities remain closed, the automated parking systems would continue to stay empty and non-profitable for all parties involved. With the situation looking to deteriorate further before any meaningful intervention and brightening of circumstances, the companies would continue to incur financial losses until as early as 2022. The challenges that lie ahead once normalcy returns will also have to be dealt with before the companies can expect to start making marginal profits again. One aspect with which automated parking systems can help within a post-Covid scenario is contactless parking initiatives that could soon become the new norm of the world. The advent and development of no-barrier parking, with parking tokens generated on mobile devices of customers and availability of online modes of payment, would ensure contactless operations on the customers’ side, propagating social distancing norms. The companies involved in the market space must thereby use the downtime to make necessary changes to their software capabilities and be prepared to implement wholescale changes to their operational capabilities once restrictions are lifted.
 
Automated Parking Systems Market Key Segments

By Type
• Semi-automatic
• Automatic

By Application
• Car
• Buses
• Others

Key Global Automated Parking Systems Industry Players
• Bosch
• CityLift Parking
• Clarion
• Continental
• DENSO Corporation
• Eito & Global Inc.
• FATA Automation, Inc.
• KLAUS Multiparking
• Park Plus, Inc.
• Parkmatic
• Robotic Parking Systems
• Unitronics Corporation
• Valeo
• Westfalia WFT-Fordertechnik GmbH & Co.
• Wohr Autoparksysteme GmbH

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Automated Parking Systems Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Continued efforts to avoid traffic congestions
3.3.2. Increasing parking efficiency in a precise manner
3.4. Restraints
3.4.1. Consumer distrust in Automated Parking Systems
3.4.2. Complexity issues in working of systems machinery
3.5. Opportunity
3.5.1. Luxurious appeal and efficient vehicle handling
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Semi-automatic
4.2.1. Market Size & Forecast
4.3. Automatic
4.3.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Car
5.2.1. Market Size & Forecast
5.3. Buses
5.3.1. Market Size & Forecast
5.4. Others
5.4.1. Market Size & Forecast

6. Automated Parking Systems Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Automated Parking Systems Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Automated Parking Systems Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Automated Parking Systems Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Automated Parking Systems Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Automated Parking Systems Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Bosch
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Bosch Product Category, Application, and Specification
7.1.3. Bosch Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. CityLift Parking
7.3. Clarion
7.4. Continental
7.5. DENSO Corporation
7.6. Eito & Global Inc.
7.7. FATA Automation, Inc.
7.8. KLAUS Multiparking
7.9. Park Plus, Inc.
7.10. Parkmatic
7.11. Robotic Parking Systems
7.12. Unitronics Corporation
7.13. Valeo
7.14. Westfalia WFT-Fordertechnik GmbH & Co.
7.15. Wohr Autoparksysteme GmbH