Automated parking systems market to grow at CAGR of 11.42%
Analysts forecast that the global automated parking systems market will grow at a CAGR of 11.42% during the period 2017-2021. The analysis was conducted by ReportsnReports and is presented in its report, “Automated Parking Systems Market.” Key players in the global automated parking systems market are CityLift Parking, KLAUS Multiparking, Robotic Parking Systems, Skyline Parking, and Unitronics. Other prominent vendors in the market are 5BY2, Automotion Parking Systems, Dayang Parking, Dongyang Menics, EITO&GLOBAL, FATA Automation, IHI, Katopark, Nissei Build Industries, Parkmatic, PARKPLUS, Qingdao Bortome, Simmatec, Sotefin, Tada, The Automated Parking Solution, Westfalia Parking Solutions, and WÖHR.
The global parking systems market consists of robotic (AGV-based systems), semi-automated, as well as fully automated parking systems that are used in residential, commercial, and other end-user segments. Vendors in this market are introducing new products that are cost-efficient for larger systems. While the market is dominated by automated and semi-automated parking systems that use mechanical systems to move cars into parking spaces, an upsurge has occurred in the adoption rate of robotic parking systems based on automated guided vehicles (AGVs) over the past five years.
One trend in the automated parking systems market is smart parking. The future of the parking industry will be driven primarily by the adoption of smart parking solutions. The deployment of advanced sensor technologies, and innovations in wireless communications, data analytics, induction loops, and smart parking meters will be major developments contributing to the growth of the market.
Further, the report states that one challenge in the market is regulatory requirements for operations of automated parking systems. Manufacturers in the market are subject to various regulations depending on the country where the products are manufactured and sold for commercial purposes. They are required to gain the necessary approvals and clearances before implementing automated parking systems. For instance, in Europe, automated parking systems are governed by the machinery directive 2006/42/EC, and their basic technical requirements are specified in the European standard EN 14010. Vendors are expected to comply with these regulations to ensure that the parking systems are optimized.
A related report is “Global Industrial Robotics Rental Market 2017-2021.” In this report, the analysts forecast the global industrial robotics rental market to grow at a CAGR of 13.58% during the period 2017-2021. The report considers the revenue generated by rental and leasing of industrial robots to end-users such automotive, electrical and electronics, and metal industries. It does not include revenue generated from sales of new, used, or refurbished robots.
Top players are Hirebotics, Innovative Total Solutions, ORIX, and Tokyo Century. Other prominent vendors in the market are Atlas Robots, CNC Robotics, EDGE SEMICON, Fisnar, Fronius International, R&E Engineering, RobotWorx, and Sumitomo Mitsui Finance and Leasing.
For information about the automated parking systems market report, go to http://www.reportsnreports.com/reports/1256917-global-automated-parking-systems-market-2017-2021.html.
For information about the robotics rental market report, visit http://www.reportsnreports.com/reports/1119875-global-industrial-robotics-rental-market-2017-2021.html.