Precision Business Insights has published a report on the global automated parking system market, estimating its value at USD 2.3 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 16.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/automated-parking-system-market

Market Definition:

An Automated Parking System (APS) is a mechanical system designed to maximize parking space efficiency by stacking cars vertically and using automated technology to transport vehicles to and from parking spots. Unlike traditional multi-story parking garages, APS eliminates the need for drivers to navigate tight spaces, reducing congestion and optimizing land use.

Drivers:

1)      Increasing demand for cars.

2)      Growing disposal incomes.

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.

Regional Overview:
The report also examines the current concerns and their Future Effects on the automated parking system market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the automated parking system market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like 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.

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