Robotics Parking System Market Size by Type, Application and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Global Robotics Parking System Market is expected to reach US$ 5.89 Bn by 2029, at a CAGR of 12.67% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The report covers all the trends and technologies playing a major role in the growth of the Robotics Parking system market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence market growth during 2022-2029. Robotic parking executive's system diminish the width and insight required for a parking space and separations between vehicle parking spaces, as no stipend should be made for driving the vehicle into the parking space or for the opening of vehicle entryways. Also, no driving paths or slopes are vital to drive the vehicle toward the parking place. The roof stature required is insignificant, then there is no person on foot traffic in the parking zone.
Robotics Parking System Market Segment Analysis:
The robotic parking systems using AGVs with peripherals segment accounted for the major revenue and dominated the robotics parking system market. Factors for example the increased focus on safety and cost-effectiveness guarantee that this segment will dominate the market throughout the forecast period. The peripherals used with AGVs comprise elevators, transfer stations, software systems, and automated terminals for generating tickets which offer better services to the customers.
Vendors in the robotic parking systems market are capitalizing on the easy availability of mobile, intelligent, and connected sensors to improve the capability and range of their offerings. The miniaturization of sensors has led to a reduction in costs, leading to the emergence of affordable robotic parking systems. Sensors are undergoing enhancements to improve their adaptive and intelligent capabilities. Also, improved laser scanners ensure efficient parking of a car in the given space without any damage to the vehicle.
The research study includes the profiles of leading companies operating in the global robotics parking system market. A notable new entrant in the global market is Hangzhou Hikrobot Technology. The company has launched a parking AVG that can save the car parked on a platform, lift it, and move it into a parking space. Moreover, it can park and retrieve a car within 2 minutes and use omnidirectional drives by differential drive units.
Key Highlights:
Global Robotics Parking System Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Robotics Parking System Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Robotics Parking System Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Robotics Parking System Market are also profiled.
Robotics Parking System Market Scope: Inquire before buying
| Robotics Parking System Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 2.55 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 12.67% | Market Size in 2029: | US $ 5.89 Bn. |
| Segments Covered: | by Type | Robotics parking systems using standalone AGVs Robotics parking systems using AGVs with peripherals |
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| by Application | Residential Commercial Others |
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Robotics Parking System Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Robotics Parking System Market Key Players are:
1. Parkplus Inc.
2. Serva Transport Systems
3. MHE Demag(S) Pvt Ltd.
4. Fata Automation
5. A.P.T Parking Technologies
6. Lodige Industries
7. Smart City Robotics
8. Worldwide Robotics Automated Parking
9. LLC
10.Hangzhou Hikrobot technology co.
11.Stanley Robotics SAS
12.Westfalia Parking Solutions
13.Unitronics PLC
14.Shaanxi Long Xiang Parking Equipment Group
15.CityLift Parking
16.Boomrang Systems
17.Shenzhen Yeefung Automation Technology
18.Applied & Integrated Manufacturing
19.Unitronics
20.Amano Corp.
21.Cisco Systems Inc.
22.Conduent Inc.
23.Flowbird SAS
24.Kapsch TrafficCom AG
25.Libelium Comunicaciones Distribuidas SL
Frequently Asked Questions:
1. Which region has the largest share in Global Robotics Parking System Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Robotics Parking System Market?
Ans: The Global market is growing at a CAGR of 12.67% during forecasting period 2023-2029.
3. What is scope of the Global Robotics Parking System Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Robotics Parking System Market?
Ans: The important key players in the Global market are – Parkplus Inc., Serva Transport Systems, MHE Demag(S) Pvt Ltd., Fata Automation, A.P.T Parking Technologies, Lodige Industries, Smart City Robotics, Worldwide Robotics Automated Parking, LLC, Hangzhou Hikrobot technology co., Stanley Robotics SAS, Westfalia Parking Solutions, Unitronics PLC, Shaanxi Long Xiang Parking Equipment Group, CityLift Parking, Boomrang Systems, Shenzhen Yeefung Automation Technology, Applied & Integrated Manufacturing, Unitronics, Amano Corp., Cisco Systems Inc., Conduent Inc., Flowbird SAS, Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, and
5. What is the study period of this Market?
Ans: The Global market is studied from 2022 to 2029.