Latest research on Robotic Parking Systems Market

Robotic Parking Systems Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Robotic Parking Systems Market Study" explored substantial growth of %. According to the report, The adoption of smart cities with high-rise buildings has grown significantly. Thus implementing the need for smart parking. As per the Council on Tall Buildings and Urban Habitat, the developers are focusing on reducing emissions and offering low emission sustainable homes. For example, the Beacon residential facility in London offers zero-emission sustainable homes with a fully automated parking system with 320 parking spaces. Hence, increasing the trend in this market space. is one of the primary growth factors for the market. The Growing Population in Urban Areas has put Enormous Pressure on Parking Infrastructure and Necessitated the Expansion of the Available Infrastructure is also expected to contribute significantly to the Robotic Parking Systems market. Overall, Commercial applications of Robotic Parking Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Component Type, such as Software, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Automation Level, such as Semi-Automated, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology , such as Sensor Technology, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The System Type, such as Rail Guided Cart (RGC) System, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Design Model Type, such as Electro-Mechanical, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Platform Type, such as Non-Palleted, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Vehicle Detection Solutions, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Number of Levels, such as More Than Level 15, is boosting the Robotic Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Robotic Parking Systems market identified that the demand is rising in many different parts of the world as "The rising benefits and advantages of the robotic parking system coupled with the increasing number of vehicles are providing an opportunity in this market. For example, global automotive sales reached a record-breaking 90 million in 2017 which was 2.7 percent growth since 2016. In addition to that, the advantages of the automated parking system over conventional parking systems are increased efficiency by 35%-40% and have increased capacity by 40%-50%.".

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Robotic Parking Systems market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Robotic Parking Systems market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Robotic Parking Systems Market Study

Data Triangulation
The overall Robotic Parking Systems market size is calculated using market estimation process, the Robotic Parking Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Robotic Parking Systems market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager