The global Automated Parking System Market size was valued at USD 1,923.5 million in 2023 and grew at 16.4% CAGR over the historical years (2019 - 2023). The Automated Parking System Market is projected to reach USD 5,735.5 million by 2030 at a CAGR of 17% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the Automated Parking System Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Automated Parking System Market segmentation:
1) By Automation level: Semi-Automated, Fully Automated.
2) By System Type: Hardware, Software.
3) By Parking Level: Less than Level 5, Level 5-10, More than Level 15.
4) By End user: Commercial, Residential, Mixed-use.
The primary factors of the Automated Parking System Market drivers are rapid urbanization and growing number of commercial and residential buildings. The Automated Parking System Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Automated Parking System Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the Automated Parking System Market report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by Automated Parking System Market key players are Skyline Parking AG, Parkmatic, AutoMotion Parking Systems, Robotic Parking Systems, Inc., Westfalia Parking, Unitronics, Klaus Multiparking GmbH, City Lift Parking, LLC, Park Plus Inc., Wohr Parking System Pvt. Ltd. covered here to help them in strengthening their place in the market.
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