Absolute Markets Insights has recently added a new informative data to its extensive repository titled as, Robotic Parking System Market. It provides a clear understanding of the Robotic Parking System sector and has been scrutinized by using primary and secondary research techniques. It highlights different dynamic aspects of businesses such as client requirements, demanding products or services, shares, and raw material. Additionally, it uses an effective analysis technique such as, SWOT and Porter’s Five analysis which helps to describe strengths, weaknesses, threats, and opportunities.
This research report has been scrutinized on the basis of different practical oriented case studies from various industry experts and policymakers. It uses numerous graphical presentation techniques such as tables, charts, graphs, pictures and flowchart for easy and better understanding to the readers. Additionally, this report offers the recent developments, historical records as well as futuristic predictions of the Robotic Parking System market. Different driving and restraining factors have been elaborated to get a comprehensive analysis of ups and down stages of the businesses. Effective sales strategies have been mentioned to provide an accurate direction for finding global opportunities rapidly.
The key market players profiled in the report include: The major key pillars of businesses such as Parkplus Inc., Serva Transport Systems, MHE Demag (S) Pte Ltd., Fata Automation, A.P.T. Parking Technologies, Lodige Industries, Smart City Robotics, Worldwide Robotic Automated Parking, LLC, Hangzhou Hikrobot technology co., ltd., Stanley Robotics SAS, Westfalia Parking Solutions, Unitronics PLC, Shaanxi Long Xiang Parking Equipment Group, City Lift Parking. In January 2017, Hangzhou Hikvision Digital Technology Co., Ltd
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Robotic Parking System is an automated parking solution, it is also called as mechanized parking, which enables parking of several thousand vehicles in half the area of a conventional parking style. This creates more space for development and community enhancement and offers better care and safety for vehicles. Robotic solution is preferably designed for public, private and commercial parking, which can be built over ground, underground or mixed depending upon the space requirement. The global robotic parking system market was valued at US$ 60.45 Mn in 2020 and is expected to reach US$135.87 Mn by 2030.
By Product Type
Standalone AGVs holds the largest market share in terms of revenue and it is also anticipated to be the fastest growing segment in the future. It is an industrial application, which has brought revolution in parking solution and shifted automation towards intelligentization. This software is installed with a Wi-Fi module, comb – exchange technology, laser navigation, which enables to lift and park car in just 120 seconds. Standalone AGVs are specially used in warehouse, offices to avoid collision or accident, reduce parking location and travel path time and many others. This has led to a rapid and fast growth in robotic parking system market.
On the basis of geography, Europe accounted for major share in 2017 for robotic parking system. Economic development and technological advancement in this region, is leading to luxurious life style, high spending on safety and comfort and many others. Owing to the growth and development in this region the number of automobile users have increased. Hence, companies and government is focusing to make robotic parking system in commercial areas with an aim to reduce parking chaos
Robotic Parking System Market Size – By Application
Robotic Parking System Market Size – By Types
- Standalone AGVs
- AGVs with Peripheral
Robotic Parking System Market Size – By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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