According to study, “Global Car Parking System Market Size study, by Type (Mechanical Systems, Semi-Automated Systems, Automated Systems), by Application (Office Building, Mall, Residential, Others) and Regional Forecasts 2018-2025” the companies currently operating in the global car parking system market are IHI, Xinhuayuan, TADA, Unitronics, Klaus Multiparking, TYT Corp., PARI, TianchenIntelligen, Skyline Parking, LODIGE, MHE Demag, ALS Logistic Solutions, CityLift, Westfalia, Amano Time & Air, STOPA Anlagenbau, Rainbow, Park Plus, Sampu Stereo Garage, FATA Automation.
Parking is an oblique service, necessary to give access to businesses and regions & for the mobility of people. The global car parking market has arrived along with the local economic value of parking spaces. The car parking system has a mechanical or the automatic device that assist in numerous parking capacities inside a parking lot. The car parking systems are powered by electric power which moves or shifts vehicle into a new storage position. The car parking system may be automated as well as traditional. These systems provide car parking solutions accommodating most cars in space. The global car parking system improves the financial capability of commercial & residential developments. It reduces the parking or the retrieval time. The system is cost effective in terms of global car parking maintenance over the predictable parking systems. The driver’s assembly time of car parking with the protected waiting areas so which do not have to walk through a car park alone & are less vulnerable. The quantitative approach of the market is based on research & reports from the different countries and institutions in the field of mobility & urban development.
Based on type, global car parking system market is segmented into mechanical systems, automated systems and semi-automated systems. Based on product system, market is segmented into automated guided vehicle parking systems, tower parking systems, auto-transfer parking systems and puzzle parking systems. Based on marketing channel, market is segmented into car parking system customers, direct marketing and indirect marketing. Additionally, based on application, market is classified as mall, office building, residential and others.
The further various benefits associated with the car parking system for the urban planners, vehicle drivers and business owners. The car parking system adds to the convenience for the vehicle user leading to the efficient use of space for urban vendors. In addition, the automated car park systems further save money, time, space and make things easier than the often minding the number task of the parking. The auto car lifts shift vehicles which are safe and secure with the storage areas until they are needed.
The global car parking system market is primarily driven by increase in adoption of vehicles. Some of the other driving aspects include increase in use of the advanced analytics for the expansion of smart sensors associated with the smart parking systems and growing parking concern worldwide. Apart from major profits, some of the factors hampering the market are high implementation cost & complexity allied with the configuration.
Regionally, Asia-Pacific holds major share of car parking system market owing to the dominance in the countries like China, Japan, and South Korea. Moreover, North American region, is also registering a considerable development with the rise in number of financial districts, and emerging economic conditions, rise in urbanization in the metropolitan cities supported by the increase in smart city development over the forecast period.
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Ankur Gupta, Head Marketing & Communications