The limited availability of parking spaces and the increasing number of vehicles have resulted in traffic congestion in several regions. Drivers looking for vacant parking spaces account for almost 40% of total traffic congestion. In addition, the time spent finding parking spaces results in wasted fuel and increased emissions. According to a report published by INTRIX in 2017, the German driver spends, on average, 41 hours searching for parking spaces every year. This costs the country about USD 45 billion, including the cost of lost time, fuel and emissions.
The growing population in urban areas has put enormous pressure on parking infrastructure and has required the expansion of available infrastructure. The increase in per capita income, the better lifestyle and the growing demand for personal mobility have increased vehicle sales in metropolitan cities. This has created a situation in which the number of cars is greater than the parking spaces available in the cities. The automated parking system can provide sustainable parking spaces with low emissions. The advantages of the automated parking system over the conventional parking system are greater efficiency by 35% -40%, greater capacity by 40% -50%, 10% -12% return on investment (ROI), 85% less CO2 emissions generated by driving and inherent safety and security.
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Automatic parking systems involve the use of electrical, mechanical and computer systems in combination with the objective of reducing the volume / area required to park cars. The various components involved in the automated parking system are sensors, robotic arms, mechanical lifts and other computer integrated systems. The increase in vehicle production worldwide has led to a reduction in parking space, which in turn has led to a high demand for automated parking systems.
Key Automated Parking System and Sustainability Market Players
Arex Test Systems B.V.
Boston Automated Parking System Ltd
Robert Bosch GmbH
Aro Equipments Pvt. Ltd
LKQ Coatings Ltd.
Con Air Equipments Private Limited
Vehicle Service Group
Gray Manufacturing Company, Inc.
Standard Tools and Equipment Co.
VisiCon Automatisierungstechnik GmbH
MAHA Mechanical Engineering Haldenwang GmbH & Co. KG
Samvit Automated Parking Systems
Sarveshwari Technologies Limited (SARV)
Oil Lube Systems Pvt Ltd.
Guangzhou Jingjia Auto Equipment Co., Ltd.
Nussbaum Automotive Solutions Lp
Market segmentation, by product types:
Automotive OEM Dealerships
Market segmentation, by applications:
PCV and LCV
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Table of content
Chapter 1 Global Automated Parking System Market Overview
Chapter 2 Global Economic Impact on Automated Parking System Industry
Chapter 3 Global Automated Parking System Market Competition by Manufacturers
Chapter 4 Global Automated Parking System Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Automated Parking System Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Automated Parking System Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Automated Parking System Market Analysis by Application
Chapter 8 Automated Parking System Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
To be continue….
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