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The automatic parking system (APS) market is valued at US$1.5194 billion in 2020, and the compound annual growth rate is expected to be 12.40%
New York City, New York, U.S., November 13, 2021/EINPresswire.com/-The Automated Parking System (APS) market in 2020 is valued at US$1.5194 billion and is expected to grow at a compound annual growth rate of 12.40% during the forecast period (from 2018) To 2028). The main drivers of growth are the increase in the number of vehicles, the decrease in parking land, the increasing demand for green and sustainable parking solutions, the strong demand for consumer comfort and convenience, the increasing demand for high-rise buildings, and the wisdom of the government City initiatives.
Automatic parking system (APS) is a mechanical system designed to optimize the area or volume required to park a vehicle. Like multi-storey parking spaces, the Automated Parking System (APS) provides parking spaces for vertically stacked multi-storey vehicles to maximize the number of available parking spaces while minimizing area usage. Automatic parking system (APS) uses mechanical systems to transport vehicles to and from parking spaces to reduce the waste of space in multi-storey parking lots. Although a multi-storey parking lot is similar to multiple parking lots stacked vertically, the automatic parking system (APS) is more similar to an automatic storage and retrieval system for cars.
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The acceleration of urbanization is having a positive impact on the automatic parking system market. In the past few years, the demand for high-end residential buildings has also increased. According to the Christie's International Real Estate Report, luxury home sales increased by 11% in 2017, and there is a strong demand for automatic parking systems in luxury homes. In addition, according to research conducted by INRIX (a U.S. company that provides location-based data and analysis), American citizens spend an average of 17 hours a year looking for parking spaces, resulting in a cost of approximately $350 per driver for wasting time, fuel and emissions. U.S. citizens pay more than US$20 billion or about US$100 per driver each year for parking. This may stimulate demand for automated parking systems
The European regional market is also expected to bring huge growth opportunities to the automated parking system (APS) market, especially as the European Union is implementing favorable government initiatives to promote the deployment of smart parking systems as part of its efforts to reduce parking fees. Pollution and ensure a sustainable environment.
The further main findings of the report indicate that--
In the end-user segment, due to the increasing demand for automatic parking systems (APS) in luxury/high-end residential apartments, the number of high-rise buildings continues to increase, and builders focus on the construction of low-rise buildings, the residential apartment segment is expected to appear Attractive growth. To zero-emission sustainable residential apartments.
Unlike pallet systems that usually require two pallets for parking and vehicle handling systems, non-pallet systems require only one vehicle handling system. It is expected that the non-tray automatic parking system (APS) can shorten the vehicle parking cycle time by about 35%
The parking system often directly affects the viability of a real estate-residential and commercial projects. The design of the Automated Parking System (APS) can help increase the profitability of the project by parking vehicles in areas where traditional parking lots cannot provide flexibility or provide parking spaces for fewer vehicles
U.S. citizens spend an average of 17 hours a year looking for parking spaces, resulting in a cost of approximately US$350 per driver in terms of time, fuel, and emissions, leading to increasing demand for automated parking systems (APS)
Compared with traditional parking facilities, the automatic parking system requires approximately 70% of the area and 50% of the volume to park in the parking area.
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The European region is expected to lead the global automated parking system (APS) market. The United Kingdom, Germany, Denmark, Norway, Switzerland, Spain and the Netherlands have relatively high acceptance of automatic parking systems (APS). It is expected that the increasing adoption of 2/3 Automatic Parking System (APS) will optimize parking options, save space and reduce vehicle emissions when parking
Many companies, such as Wohr (Germany), Klaus Multi Parking (Germany), CityLift (U.S.), Westfalia (Germany), Robotic Parking Systems Inc. (U.S.), Unitronics (Israel), Kyline Parking AG (Switzerland), Dayang Parking Co ltd (China) Automotion Parking Systems and other companies operating in the automated parking system market
The main reasons for purchasing the report:
The report analyzes the global consumption rate in terms of value and quantity. It comprehensively studied the key market segments and sub-segments. The report studied in detail the fierce competition in the region. The report provides important information about leading industry players, as well as their value, sales volume, and business growth strategies. In addition, the report focuses on strategic developments occurring globally during the forecast period, such as expansions, agreements, mergers and acquisitions, and new product launches.
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For the purpose of this research, the report and data segment the industry by automation level, structure, type, design, system, platform, end user, parking space, and region:
Automatic parking system (APS) by level of automation (revenue, millions of dollars; 2016-2026)
Automated Parking System (APS) by Structure (Revenue, USD million; 2016-2026)
AGV System Silo System Tower System Rail Guided Vehicle (RGC) Puzzle System Shuttle System
Automatic parking system (APS) by type (revenue, millions of dollars; 2016-2026)
Speedy Tower Rotary Carousel Optima Parking Multi Parking Lift and Slide Parking
Automatic parking system (APS) design (revenue, millions of dollars; 2016-2026)
Automated Parking System (APS) by System (Revenue, USD million; 2016-2026)
Hardware camera, smart meter, sign, parking gate, other software, parking guidance system analysis solution
Automated Parking System (APS) by Platform (Revenue, USD million; 2016-2026)
Automated parking system (APS) for end users (revenue, millions of dollars; 2016-2026)
Commercial office building shopping mall Other residential
Automatic parking system (APS) by parking space (revenue, million USD; 2016-2026)
Level 5 or less Level 5-Level 10 Level 10 or more
Automated Parking System (APS) by Region (Revenue, USD million; 2016-2026)
North America America Canada Mexico Europe Germany France UK Spain Italy Benelux Rest of Europe Asia Pacific China India Japan Korea Singapore Other Asia Pacific Middle East and Africa Latin America Brazil Argentina Latin America Other regions
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