North America Automated Parking System Market Introduction and Overview
According to SPER Market Research, the North America Automated Parking System Market is estimated to reach USD XX Billion by 2033 with a CAGR of 16.1%.
The report includes an in-depth analysis of the North America Automated Parking System Market, including market size and trends, product mix, applications, and supplier analysis. To save space, autos in automatic parking systems are piled vertically or in a predetermined pattern. The unique architecture of these systems allow cars to be moved from the entry to their parking area without the driver's presence. Because there is no human participation, this saves space and enables for the efficient use of both horizontal and vertical spaces. With increased demand on cities and parking systems, automatic parking systems assist save space and enable for more automobiles to be stored. When properly deployed, automated parking systems can save up to 50% of available parking space.
Market Opportunities and Challenges
The market is characterised by dynamic tendencies that determine its course of development. These trends address immediate difficulties while anticipating future requirements, establishing APS as an essential component of the urban mobility ecology. The integration of artificial intelligence (AI) and machine learning (ML) into automated parking systems is a defining trend. AI systems improve parking operations by predicting user behaviour, optimising traffic flow within the facility, and responding to changing trends.
Furthermore, the Internet of Things (IoT) plays an important role in increasing the connectivity and usefulness of automated parking systems. IoT-enabled sensors and equipment communicate fluidly, giving real-time information on parking space availability, user preferences, and system performance. This link improves user comfort by allowing remote monitoring and management of APS facilities. User experience is becoming increasingly important in the growth of automated parking systems. Furthermore, Canadian cities, particularly those in heavily populated areas such as the Greater Toronto Area (GTA) or Vancouver, face constraints due to limited urban space. Automated parking solutions can be especially appealing in regions where conventional parking infrastructure may be impracticable.
Many challenges exist in the North American market for automated parking systems. One significant barrier is the high initial installation cost, which is due to the use of advanced technology features, which inevitably raises the final product price. As a result, the budgetary barrier prevents the implementation of such parking systems in many developing and undeveloped countries. Furthermore, there is increased concern about mechanical and electrical breakdowns, which raises questions about system reliability. Furthermore, continual maintenance requires consistent money and effort, which adds to the issues faced by stakeholders. Overall, solving these difficulties necessitates novel techniques to lower installation costs, improve system dependability, and optimise maintenance processes in order to encourage more use of automated parking systems in North America.
Market Competitive Landscape
The major key players in the North America Automated Parking System Market are: EITO&GLOBAL INC, KLAUS Multiparking GmbH, Park Plus Inc, Parkmatic, Robotic Parking Systems Inc, Skyline Parking, Unitronics (1989) (Râ€G) Ltd, Westfalia Technologies Inc, WOHR Autoparksysteme GmbH, 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 Type, By Automation Level, By End Use
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| Regions covered | Canada, Mexico, US, Rest of North America
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| Companies Covered | EITO&GLOBAL INC, KLAUS Multiparking GmbH, Park Plus Inc, Parkmatic, Robotic Parking Systems Inc, Skyline Parking, Unitronics (1989) (Râ€G) Ltd, Westfalia Technologies Inc, WOHR Autoparksysteme GmbH, Others
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COVID-19 Impact on North America Automated Parking System Market
In 2020, the United States saw the most severe consequences of COVID-19, with lockdowns and travel restrictions resulting in production site closures and staff shortages, harming North American car manufacturers. The automated parking business experienced substantial disruptions that impacted supply chains, manufacturing, and sales. In light of the pandemic's economic impact, automakers are reevaluating their financial priorities, diverting resources away from car production and technical advancements. Social separation and a decreased reliance on mass transit or ridesharing impede the return to North American offices, schools, and sports venues. This trend may slow the transition from personal vehicle ownership to alternate modes of transportation, emphasising the continuous demand for parking space.
Key Target Audience:
- Real Estate Developers
- Municipalities and Urban Planners
- Commercial Property Owners and Managers
- Architects and Designers
- Parking Facility Operators
- Automotive Manufacturers
- Technology Providers
- Investors and Financial Institutions
- Others
Our in-depth analysis of the North America Automated Parking System Market includes the following segments:
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By Component:
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Hardware
Software
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By Platform Type:
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Palleted
Non-Palleted
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By Automation Level:
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Fully Automated
Semi-Automated
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By End Use:
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Commercial
Residential
Mixed-Use
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Key Topics Covered in the Report:
- North America Automated Parking System Market Size (FY’2024-FY’2033)
- Overview of North America Automated Parking System Market
- Segmentation of North America Automated Parking System Market By Component (Hardware, Software)
- Segmentation of North America Automated Parking System Market By Platform Type (Palleted, Non-Palleted)
- Segmentation of North America Automated Parking System Market By Automation Level (Fully Automated, Semi-Automated)
- Segmentation of North America Automated Parking System Market By End Use (Commercial, Residential, Mixed-Use)
- Statistical Snap of North America Automated Parking System Market
- Expansion Analysis of North America Automated Parking System Market
- Problems and Obstacles in North America Automated Parking System Market
- Competitive Landscape in the North America Automated Parking System Market
- Impact of COVID-19 and Demonetization on North America Automated Parking System Market
- Details on Current Investment in North America Automated Parking System Market
- Competitive Analysis of North America Automated Parking System Market
- Prominent Players in the North America Automated Parking System Market
- SWOT Analysis of North America Automated Parking System Market
- North America Automated 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 North America Automated Parking System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal 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
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Automated Parking System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Automated Parking System Market
7. North America Automated Parking System Market, By Component (USD Million)
7.1. North America Automated Parking System Market Value Share and Forecast, By Component, 2024-2033
7.2. Hardware
7.3. Software
8. North America Automated Parking System Market, By Platform Type (USD Million)
8.1. North America Automated Parking System Market Value Share and Forecast, By Platform Type, 2024-2033
8.2. Palleted
8.3. Non-Palleted
9. North America Automated Parking System Market, By Automation Level (USD Million)
9.1. North America Automated Parking System Market Value Share and Forecast, By Automation Level, 2024-2033
9.2. Fully Automated
9.3. Semi-Automated
10. North America Automated Parking System Market, By End Use (USD Million)
10.1. North America Automated Parking System Market Value Share and Forecast, By End Use, 2024-2033
10.2. Commercial
10.3. Residential
10.4. Mixed-Use
11. North America Automated Parking System Market Forecast, 2020-2033 (USD Million)
11.1. North America Automated Parking System Market Size and Market Share
12. North America Automated Parking System Market, By Component, 2020-2033 (USD Million)
12.1. North America Automated Parking System Market Size and Market Share By Component (2020-2026)
12.2. North America Automated Parking System Market Size and Market Share By Component (2027-2033)
13. North America Automated Parking System Market, By Platform Type, 2020-2033 (USD Million)
13.1. North America Automated Parking System Market Size and Market Share By Platform Type (2020-2026)
13.2. North America Automated Parking System Market Size and Market Share By Platform Type (2027-2033)
14. North America Automated Parking System Market, By Automation Level, 2020-2033 (USD Million)
14.1. North America Automated Parking System Market Size and Market Share By Automation Level (2020-2026)
14.2. North America Automated Parking System Market Size and Market Share By Automation Level (2027-2033)
15. North America Automated Parking System Market, By End Use, 2020-2033 (USD Million)
15.1. North America Automated Parking System Market Size and Market Share By End Use (2020-2026)
15.2. North America Automated Parking System Market Size and Market Share By End Use (2027-2033)
16. North America Automated Parking System Market, By Region, 2020-2033 (USD Million)
16.1. North America Automated Parking System Market Size and Market Share By Region (2020-2026)
16.2. North America Automated Parking System Market Size and Market Share By Region (2027-2033)
16.3. Canada
16.4. Mexico
16.5. US
16.6. Rest of North America
17. Company Profile
17.1. EITO&GLOBAL INC
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. KLAUS Multiparking GmbH
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Park Plus, Inc
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Parkmatic
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Robotic Parking Systems Inc
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Skyline Parking
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Unitronics (1989) (Râ€G) Ltd
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Westfalia Technologies, Inc
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. WOHR Autoparksysteme GmbH
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Basbug Auto Spare Parts AS
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. 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.
