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Sep 2, 2019 5:00 PM ET

Global Automated Parking System Market Is Grow At a CAGR Of 8.25% From 2314.26 Million In 2018


Global Automated Parking System Market Is Grow At a CAGR Of 8.25% From 2314.26 Million In 2018

iCrowd Newswire - Sep 2, 2019

Market Research Report Store offers a latest published report on Automated Parking Systems Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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The global automated parking system market is expected to reach USD 4029.87 million by 2025, growing at a CAGR of more than 8.25% from 2314.26 million in 2018; the actual production is about 1.11 million units in 2018. Our analysis of the automated parking system market indicated that china would account for the highest consumption in 2025 as a result of mature market and growing demand, but North America has the highest growth rate.

 

The automated parking system can be divide into the mechanical systems, semi-automated systems and automated systems according to the product type. As of 2018, mechanical systems segment dominates the market contributing more than 86% of the total market share, reach to 954.2 K units, while semi-automated systems and automated systems seeing a fast growing. automated parking system is major applied in residential, public facilities, office building and others area, in 2018, demand for a residential occupied the largest market, with 68% share, reach to 751.43 k units.

 

An automated (car) parking system (APS) is a mechanical system designed to minimize the area and/or volume required for parking cars. Like a multi-story parking garage, an APS provides parking for cars on multiple levels stacked vertically to maximize the number of parking spaces while minimizing land usage. The APS, however, utilizes a mechanical system to transport cars to and from parking spaces (rather than the driver) in order to eliminate much of the space wasted in a multi-story parking garage. While a multi-story parking garage is similar to multiple parking lots stacked vertically, an APS is more similar to an automated storage and retrieval system for cars.

 

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Related Information:

North America Automated Parking Systems Market Growth 2019-2024

United States Automated Parking Systems Market Growth 2019-2024

Asia-Pacific Automated Parking Systems Market Growth 2019-2024

Europe Automated Parking Systems Market Growth 2019-2024

EMEA Automated Parking Systems Market Growth 2019-2024

Global Automated Parking Systems Market Growth 2019-2024

China Automated Parking Systems Market Growth 2019-2024

 

 

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Keywords:    Automated Parking Systems market share

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