Europe Car Parking System Market Introduction and Overview
According to SPER Market Research, the Europe Car Parking System Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Car Parking System Market, including market size and trends, product mix, distribution channels, and supplier analysis. A mechanical device that increases the number of parking spaces available inside a parking lot is called a car parking system. The vehicles in these parking systems are moved into a storage position by electric motors or hydraulic pumps. There are three types of car parking systems: automated, semi-automated, and mechanical.
Market Opportunities and Challenges
Opportunities: It is anticipated that the number of residential and commercial automobiles will continue to rise, especially in emerging nations, and that this will accelerate the development of car parking systems in Europe. Furthermore, in the upcoming years, it will be expected that the increased focus on the implementation of automated solutions in high-rise buildings will generate profitable prospects for the worldwide market participants.
Challenges: Excessive capital needs. Comparatively speaking, an automated parking system is more eco-friendly, sustainable, and efficient than a traditional parking system. However, building has a large upfront cost. Owing to the high expense, a number of businesses favor automated parking systems over customer experience in favor of profits. Furthermore, people who park on the streets to avoid paying parking fees and cause delays in parking operations may render commercial automated parking facilities financially unviable.
Market Competitive Landscape
The Car Parking System Market in Europe is moderately consolidated. Some of the market key players are AJ Automated Parking Systems Co., Ltd., CityLift Parking, FATA Automation Inc., Klaus Multiparking, Parkmatic, Robotic Parking Systems, Inc., Skyline Parking (Fehr Lagerlogistik AG), U-tron, WESTFALIA TECHNOLOGIES, INC., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Platform, By Automation Level, By End User
|
| Regions covered | France, Germany, UK, Italy, Russia, Rest of Europe
|
| Companies Covered | AJ Automated Parking Systems Co., Ltd., CityLift Parking, FATA Automation Inc., Klaus Multiparking, Parkmatic, Robotic Parking Systems, Inc., Skyline Parking (Fehr Lagerlogistik AG), U-tron, WESTFALIA TECHNOLOGIES, INC., Others.
|
COVID-19 Impact on Europe Car Parking System Market
The COVID-19 pandemic caused interruptions in multiple parts of the European vehicle parking system business, hence exerting a substantial influence. Parking systems were less and less in demand as travel restrictions and lockdowns were put in place to stop the infection from spreading. The requirement for parking spots decreased, impacting both commercial and residential parking solutions, as more people stayed at home and enterprises either temporarily closed or operated at reduced capacity. Additionally, many people and organizations experienced budget restrictions as a result of the pandemic's economic collapse, which reduced investments in new parking infrastructure and technological advancements.
Key Target Audience:
- Residential
- Commercial
- Builders
- Others
Our in-depth analysis of the Europe Car Parking System Market includes the following segments:
|
By Component: |
Hardware
Software
|
|
By Platform: |
Semi-automated
Fully-automated
|
|
By Automation Level: |
Palleted
Non-palleted
|
|
By End-User: |
Commercial
Residential
Mixed-use
|
Key Topics Covered in the Report:
- Europe Car Parking System Market Size (FY’2024-FY’2033)
- Overview of Europe Car Parking System Market
- Segmentation of Europe Car Parking System Market By Component (Hardware, Software)
- Segmentation of Europe Car Parking System Market By Platform (Semi-automated, Fully-automated)
- Segmentation of Europe Car Parking System Market By Automation Level (Palleted, Non-palleted)
- Segmentation of Europe Car Parking System Market By End-User (Commercial, Residential, Mixed-use)
- Expansion Analysis of Europe Car Parking System Market
- Problems and Obstacles in Europe Car Parking System Market
- Competitive Landscape in the Europe Car Parking System Market
- Impact of COVID-19 and Demonetization on Europe Car Parking System Market
- Details on Current Investment in Europe Car Parking System Market
- Competitive Analysis of Europe Car Parking System Market
- Prominent Players in the Europe Car Parking System Market
- SWOT Analysis of Europe Car Parking System Market
- Europe Car Parking System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Car Parking System Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6. Competitive Landscape
6.1. Europe Car Parking System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Car Parking System Market
7. Europe Car Parking System Market, By Component (USD Million)
7.1. Europe Car Parking System Market Value Share and Forecast, By Component, 2024-2033
7.2. Hardware
7.3. Software
8. Europe Car Parking System Market, By Platform (USD Million)
8.1. Europe Car Parking System Market Value Share and Forecast, By Platform 2024-2033
8.2. Semi-automated
8.3. Fully-automated
9. Europe Car Parking System Market, By Automation Level (USD Million)
9.1. Europe Car Parking System Market Value Share and Forecast, By Automation Level2024-2033
9.2. Palleted
9.3. Non-palleted
10. Europe Car Parking System Market, By End-User (USD Million)
10.1. Europe Car Parking System Market Value Share and Forecast, By End-User2024-2033
10.2. Commercial
10.3. Residential
10.4. Mixed-use
11. Europe Car Parking System Market Forecast, 2020-2033 (USD Million)
11.1. Europe Car Parking System Market Size and Market Share
12. Europe Car Parking System Market, By Component, 2020-2033 (USD Million)
12.1. Europe Car Parking System Market Size and Market Share By Component (2020-2026)
12.2. Europe Car Parking System Market Size and Market Share By Component (2027-2033)
13. Europe Car Parking System Market, By Platform, 2020-2033 (USD Million)
13.1. Europe Car Parking System Market Size and Market Share By Platform (2020-2026)
13.2. Europe Car Parking System Market Size and Market Share By Platform (2027-2033)
14. Europe Car Parking System Market, By Automation Level, 2020-2033 (USD Million)
14.1. Europe Car Parking System Market Size and Market Share By Automation Level (2020-2026)
14.2. Europe Car Parking System Market Size and Market Share By Automation Level (2027-2033)
15. Europe Car Parking System Market, By End-User, 2020-2033 (USD Million)
15.1. Europe Car Parking System Market Size and Market Share By End-User (2020-2026)
15.2. Europe Car Parking System Market Size and Market Share By End-User (2027-2033)
16. Europe Car Parking System Market, By Region, 2020-2033 (USD Million)
16.1. Europe Car Parking System Market Size and Market Share By Region (2020-2026)
16.2. Europe Car Parking System Market Size and Market Share By Region (2027-2033)
16.3. France
16.4. Germany
16.5. UK
16.6. Italy
16.7. Russia
16.8. Rest of Europe
17. Company Profile
17.1. AJ Automated Parking Systems Co., Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. CityLift Parking
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. FATA Automation Inc.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Klaus Multiparking
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Parkmatic
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Robotic Parking Systems, Inc.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Skyline Parking (Fehr Lagerlogistik AG)
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. U-tron
17.8.1. Company detail
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. WESTFALIA TECHNOLOGIES, INC.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
