Global Automated Parking Management Systems Market
                     Global Automated Parking Management Systems Market is expected to reach US$ 4.54 Bn by 2026, at a CAGR of 13% during a 
forecast period.
An automated parking management systems market is a technique for mechanically parking and retrieving vehicles in order to 
accommodate the increase in demand for safe and convenient parking, as the number of vehicles increases every day. 
Automated parking management systems market reduces the width and depth required for parking space, and distances 
between parking spaces, since no allowance need to be made for driving the car into the parking space or for the opening of car 
doors. Also, no driving lanes or ramps are required to drive the car toward the parking area. A key restraint of the automated 
parking management systems market is the cost of installation. The installation price of the system extremely increases, as the 
system consists of large mechanical as well as electronic components. Another key restraint of the market is the malfunctioning 
of electronic components. The components require numerous maintenance, which increases the cost of the system. A rise in 
demand for parking spaces, due to the increase in the number of vehicles, has created significant opportunities for the 
automated parking management systems market.
Automated parking management systems market is segmented into a model of automation, system, service & solution, 
technology, end use, and region. Based on the mode of automation, the semi-automated parking system segment is estimated to 
hold a leading share of the market in 2017. Semi-automated is an old tried and proved technology with low manufacturing cost 
that is widely used in passenger vehicles. While in case of a fully automated parking system, the driver drives the car up to the 
entry of the system where a driver and all the passengers exit the car. Finally, the system automatically parks the car in an 
available car parking space.
Based on technology, the demand for sensor technology is anticipated to rise significantly during the forecast period due to rapid 
industrialization in rural areas and a rise in technological advancements in automated parking management systems in the global 
market.
Based on end use, commercial users include shopping malls and other similar places. The need for augmenting vehicle traffic and 
automating the parking management process in the commercial segment is emerging in recent years. These clubs are using smart 
parking solutions to reduce congestion and parking time.
On the basis of service & solution, the monitoring & reporting services and vehicle detection solutions are expected to be in 
demand due to the need for replacing time-consuming manual procedures with more automated solutions.
In terms of region, North America and Europe are technologically more developed for automated parking management systems 
market. The North America region is widely adopting digital technologies due to the focus on implementing smart cities and 
higher adoption rate for a smart parking management system.
Some of the key players in the automated parking management systems market are Skyline Parking AG, CityLift Parking, Robotic 
Parking Systems Inc., Unitronics, Dayang Parking Co. Ltd, Klaus Multiparking Systems Pvt. Ltd., Automotion Parking Systems, Eito 
& Global Inc., Dongyang Menics, and Parkmatic TM.
Scope of the Global Automated Parking Management Systems Market
Global Automated Parking Management Systems Market by Mode of Automation
• Semi-automated Parking System
• Fully automated Parking System
Global Automated Parking Management Systems Market System by Technology
• Sensor Technology
• Mobile Technology
• RFID Technology
Global Automated Parking Management Systems Market by Service & Solution
• Integrated Payments
• Vehicle Detection Solutions
• Space Reservation Services
• Monitoring & Reporting Services
Global Automated Parking Management Systems Market by System
• Software
• Hardware
Global Automated Parking Management Systems Market by End-use
• Residential
• Commercial
Global Automated Parking Management Systems Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Automated Parking Management Systems Market
• kyline Parking AG
• CityLift Parking
• Robotic Parking Systems Inc.
• UNITRONICS
• Dayang Parking Co. Ltd
• Klaus Multiparking Systems Pvt. Ltd.
• AUTOMOTION Parking Systems
• EITO & Global Inc.
• DONGYANG MENICS
• PARKMATIC TM
• FATA AUTOMATION,
• MHE DEMAG (S) Pte Ltd.
• 5BY2
• IHI
• Katopark
• Nissei Build Industries
• Parkmatic
• PARKPLUS
• Qingdao Bortome
• Simmatec
• Sotefin
• Tada
• Westfalia Parking Solutions
• WÖHR
This Report Is Submitted By @Maximize Market Research Company
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