About Parking Lock
Parking locks are a device to fitted in the parking lots or vehicles parked. It is placed on the parking space to prevent the parking space for unauthorized usage, it can be operated manually as well as automatically. The controlling devices like smartphones and remote control are used to operate the parking locks. They are made with strong material so that it could last longer and can perform the safety for the property. With the growing automobile thefts and spaces, the global parking locks market is expected to rise during the forecasted year.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Omni Intelligent Technology Co. Ltd. (China), Huf Holding GmbH & Co. KG (Germany), Kinouwell Tech (China), Nippon Signal Co. Ltd (Japan), Chinentech Industrial Limited (China), North Lingyun Industrial Group Co Ltd (China), Carparklock (Australia), Toshi Automatic Systems Pvt. Ltd (India) and MICO, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Parking Lock market by , Application (Residential, Offices, Shopping Centers, Hospitals, Automotive Dealers and Others) and Region.
On the basis of geography, the market of Parking Lock has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Pawl will boost the Parking Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Source, the sub-segment i.e. Solar Panel will boost the Parking Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Device, the sub-segment i.e. Remote will boost the Parking Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Manual will boost the Parking Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emerging Production and Usage of Smart Parking Lock for Better Protection of Automobile and Digitalization in the Transportation Industry
Market Growth Drivers:
Growing Number of Vehicle Thefts in Developing Countries and Need to Avoid Misusing and Occupation of Parking Lots
Challenges:
Technical Issues with Parking Locks and Problem with Handling of Parking Locks
Restraints:
Regulatory Compliance with Parking Locks
Opportunities:
Surging Demand for Parking Lock from Automotive Dealers Across the World and The Rising Production of Electric Vehicles is Boosting the Parking Lock Market
"The Tenant shall not alter or add to the locking system on any door giving direct entry to the Rented Premises without written permission by the Landlord. The Tenant hereby consents to any change of locks in the building including that of the door giving direct entry into the Rented Premises, provided the Landlord gives the Tenant replacement keys. In the event the Tenant or his guest(s) locks himself out of the Rented Premises, the Landlord shall not be obligated to unlock the Rented Premises and the Tenant shall be responsible for all costs of re-entry including, but not limited to, locksmith charges, charges for damages howsoever caused, and any service charge payable to the Landlord if the Landlord agrees to unlock the Premises."
Key Target Audience
Parking Lock Manufacturers, Parking Lock International Traders, Parking Lock Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.