Automated Parking Management Systems Market Estimated to Grow at a CAGR of 14.92 % during Forecast P

Published: Thu May 30 2019

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Automated Parking Management Systems Market Estimated to Grow at a CAGR of 14.92 % during Forecast Period 2018-2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automated parking management system market. The Porter’s Five Forces model for the automated parking management system market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global automated parking management system market by segmenting it based on mode of automation, technology, end-user, service and solution, system, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automated parking management system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual application segments in all regions.

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An automated parking management system 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 increase day by day. In an automated parking management system, the driver parks the vehicle at the entry gate of the parking area, and from there, the vehicle is automatically moved through the parking lot and parked in an available parking space. The process of vehicle parking is carried out through robotics arms, sensors, conveyer belts, mechanical lifts, and computer control units. An electronic data transfer bus is used to transport from arrival level to parking space and vice versa, without any human interference for parking assistance.

The study includes profiles of major companies operating in the global automated parking management system market. Key players in the automated parking management system include Skyline Parking AG, CityLift, 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.. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, competition matrix, operation footprint, and key executive changes. The automated parking management system market is primarily driven by rise in demand for eco-friendly vehicles.

The report provides the estimated market size of the automated parking management system market for 2017 and forecast for the next nine years. The size of the global automated parking management system market has been provided in terms of revenue. Market numbers have been estimated based on key mode of automation, technology, end-user, service & solution, system, and regional segments of the automated parking management system market. Market size and forecast for each major type have been provided in terms of global and regional/country markets.

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In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, World Bank, Global City Investments, Planning Commission report, Factiva, and National Mineral Development Corporation.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.

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