Automated Parking Management Systems Market by Offering, Automation Level, Type, Design Model, Platform, Application, Parking Level

Description

List of Tables

The Automated Parking Management Systems Market was valued at USD 2.51 billion in 2023, expected to reach USD 2.81 billion in 2024, and is projected to grow at a CAGR of 12.12%, to USD 5.61 billion by 2030.

Automated Parking Management Systems (APMS) represent a sophisticated integration of mechanical, electronic, and software components designed to streamline and enhance parking operations. The scope of APMS encompasses a wide array of necessities including efficiency in urban planning, reduction of congestion, and improvement in space utilization, all crucial to addressing the growing urban population and vehicle density. Applications are diverse, ranging from commercial parking facilities and residential projects to large public parking areas and smart city infrastructure, with end-use sectors spanning transport hubs, shopping complexes, and municipal parking solutions. Influencing growth factors include rising urbanization, increasing vehicular emissions prompting green solutions, technological innovations such as Internet of Things (IoT) and artificial intelligence (AI), and a growing demand for convenience and enhanced user experience.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.51 billion
Estimated Year [2024]	USD 2.81 billion
Forecast Year [2030]	USD 5.61 billion
CAGR (%)	12.12%

As cities evolve into smarter ecosystems, the need for efficient and effective parking solutions presents lucrative opportunities such as integration with electric vehicle charging stations and enhancing security through surveillance and access control systems. As governments emphasize environmental sustainability, opportunities lie in developing green parking solutions. Nevertheless, the market faces challenges, including high initial setup costs, data privacy concerns, and technological complexities. The nature of the market is competitive and rapidly evolving, with resistance from traditional parking solutions posing limitations.

Opportunities for innovation and research lie in enhancing system interoperability, leveraging predictive analytics for demand forecasting, and advancing fully autonomous parking. Research could be directed towards improving system security, refining machine learning algorithms for space detection, and developing user-friendly interfaces. Companies can seize growth by capitalizing on government initiatives towards smart city development and through strategic partnerships with technology firms. Recommendations for stakeholders include investing in R&D to innovate cost-effective solutions, engaging in educational marketing to raise awareness about APMS benefits, and tailoring solutions to meet specific regional needs, thereby achieving a competitive edge and fostering long-term growth in the global marketplace.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automated Parking Management Systems Market

The Automated Parking Management Systems Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing number of vehicle owners and shrinking parking spaces
- Rising issues of traffic congestion and initiatives to reduce carbon emission
- Inclining preferences toward driver assisting and automated vehicles
Market Restraints
- High costs involved in acquiring and implementing automated parking management systems
Market Opportunities
- Emerging collaborative efforts to develop advanced smart parking solutions
- Rising initiatives and investments for development of smart city projects
Market Challenges
- Issues associated with breakdown of automated parking systems

Porter's Five Forces: A Strategic Tool for Navigating the Automated Parking Management Systems Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automated Parking Management Systems Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automated Parking Management Systems Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automated Parking Management Systems Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automated Parking Management Systems Market

A detailed market share analysis in the Automated Parking Management Systems Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automated Parking Management Systems Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automated Parking Management Systems Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automated Parking Management Systems Market

A strategic analysis of the Automated Parking Management Systems Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automated Parking Management Systems Market, highlighting leading vendors and their innovative profiles. These include Amano Corporation, City lift India Ltd., Cleverciti Systems GmbH, Dayang Parking Co., Ltd., EITO&Global Inc., FATA Automation, Flowbird Group, KLAUS Multiparking GmbH, MHE-Demag by Konecranes, Park Plus, Inc., Parkmatic, Robotic Parking Systems, Inc., SHANDONG TADA AUTO PARKING CO., Ltd., Siemens AG, SKIDATA GmbH, Skyline Parking by Fehr Lagerlogistik AG, Sotefin Parking Private Limited, Streetline, Inc., SWARCO AG, T2 Systems, Inc. by Verra Mobility Corporation, Unitronics Ltd., Westfalia Technologies, Inc., Wipro Limited, and WOHR Autoparksysteme GmbH.

Market Segmentation & Coverage

This research report categorizes the Automated Parking Management Systems Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Offering, market is studied across Hardware, Services, and Software.
Based on Automation Level, market is studied across Fully Automatic and Semi-automatic.
Based on Type, market is studied across Automated Guided Vehicle (AGV) Parking System, Crane Parking System, Puzzle Parking System, Rail Guided Parking System, Rotary Parking System, Shuttle Parking System, Silo Parking System, Stacker Parking System, and Tower Parking System.
Based on Design Model, market is studied across Electric and Hydraulic.
Based on Platform, market is studied across Non-palleted and Palleted.
Based on Application, market is studied across Commercial and Residential.
Based on Parking Level, market is studied across 5-10 Level, Less than 5 Level, and More than 10.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-69324464D284

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing number of vehicle owners and shrinking parking spaces
  - 5.1.1.2. Rising issues of traffic congestion and initiatives to reduce carbon emission
  - 5.1.1.3. Inclining preferences toward driver assisting and automated vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High costs involved in acquiring and implementing automated parking management systems
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging collaborative efforts to develop advanced smart parking solutions
  - 5.1.3.2. Rising initiatives and investments for development of smart city projects
- 5.1.4. Challenges
  - 5.1.4.1. Issues associated with breakdown of automated parking systems
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automated Parking Management Systems Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Automated Parking Management Systems Market, by Automation Level

7.1. Introduction
7.2. Fully Automatic
7.3. Semi-automatic

8. Automated Parking Management Systems Market, by Type

8.1. Introduction
8.2. Automated Guided Vehicle (AGV) Parking System
8.3. Crane Parking System
8.4. Puzzle Parking System
8.5. Rail Guided Parking System
8.6. Rotary Parking System
8.7. Shuttle Parking System
8.8. Silo Parking System
8.9. Stacker Parking System
8.10. Tower Parking System

9. Automated Parking Management Systems Market, by Design Model

9.1. Introduction
9.2. Electric
9.3. Hydraulic

10. Automated Parking Management Systems Market, by Platform

10.1. Introduction
10.2. Non-palleted
10.3. Palleted

11. Automated Parking Management Systems Market, by Application

11.1. Introduction
11.2. Commercial
11.3. Residential

12. Automated Parking Management Systems Market, by Parking Level

12.1. Introduction
12.2. 5-10 Level
12.3. Less than 5 Level
12.4. More than 10

13. Americas Automated Parking Management Systems Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Automated Parking Management Systems Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Automated Parking Management Systems Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
16.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Amano Corporation
2. City lift India Ltd.
3. Cleverciti Systems GmbH
4. Dayang Parking Co., Ltd.
5. EITO&Global Inc.
6. FATA Automation
7. Flowbird Group
8. KLAUS Multiparking GmbH
9. MHE-Demag by Konecranes
10. Park Plus, Inc.
11. Parkmatic
12. Robotic Parking Systems, Inc.
13. SHANDONG TADA AUTO PARKING CO., Ltd.
14. Siemens AG
15. SKIDATA GmbH
16. Skyline Parking by Fehr Lagerlogistik AG
17. Sotefin Parking Private Limited
18. Streetline, Inc.
19. SWARCO AG
20. T2 Systems, Inc. by Verra Mobility Corporation
21. Unitronics Ltd.
22. Westfalia Technologies, Inc.
23. Wipro Limited
24. WOHR Autoparksysteme GmbH