Automated Parking System Market worth $3.6 billion by 2027
                     MarketsandMarkets 
Presents
Automated Parking System Market worth $3.6 
billion by 2027
https://www.marketsandmarkets.com/Market-Reports/automated-par
king-system-market-79019284.html
 
The report “Automated Parking System Market by Automation Level 
(Semi-Automated, Fully-Automated), End-User (Commercial, Residential, 
Mixed-use), System (Hardware, Software), Platform , Design Model, 
Parking Level, Region - Global Forecast to 2027"
The market is driven by factors such as the increasing number of vehicles 
across the globe, rising urbanization, and scarcity of land for parking 
vehicles.
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Browse 57 market data Tables and 42 Figures spread through 
141 Pages and in-depth TOC on "Automated Parking System 
Market ”
https://www.marketsandmarkets.com/Market-Reports/autom
ated-parking-system-market-79019284.html
   
“Residential segment is projected to be the fastest-growing 
automated parking system market, by end-user type”
The residential segment is estimated to be the fastest-growing market for 
automated parking system. High demand for automated parking system 
in luxury residential facilities, an increasing number of high-rise buildings, 
and developers’ focus to build low emission sustainable residential 
building are expected to drive the automated parking system market in 
the residential segment.
According to the Council on Tall Buildings and Urban Habitat, in 2018, 143 
high-rise buildings with more than 200-meters height were completed, 
taking the global total of high-rise buildings with more than 200-meter 
height to 1,478 buildings. The growth of the more than the 200-meter 
building was 141% from 2010 to 2018. The growth of high-rise building is 
expected to continue and create enormous opportunities for automated 
parking system market in the future.
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4
 
“Fully automated parking system is estimated to be the largest 
and the fastest-growing segment of the automated parking 
system market”
The choice of a fully automated and semi-automated parking system is 
made based on several factors such as the size of land, type of the 
project, surrounding area, throughput, available budget, and 
requirement of parking spaces. Although the cost of a fully automated 
parking system is more than a semi-automated parking system, it offers 
advantages such as higher capacity & efficiency, reduced emission, and 
increased safety & convenience. Due to these advantages, the demand 
for a fully automated system is more than a semi-automated system, 
particularly in developed countries. However, the choice of an 
automated parking system depends on many factors such as the 
available budget, location of the project, and application. 
Some of the key automated parking system suppliers operating in the 
market are Wohr (Germany), Klaus Multiparking (Germany), CityLift (the 
US), Westfalia Parking (Germany), Robotic Parking Systems, Inc. (US), 
and Unitronics Corporation (Israel).
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284
 
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