Market Research Expert

Automated Parking Management System Market to See Incredible Growth in the Coming Years

Press Release   •   Jan 30, 2018 07:59 EST

The automated parking management system is a method of automatically parking and retrieving cars or vehicles in order to cater to the increasing demand for safe and convenient parking, as the number of vehicles are increasing day-by-day. In this system, the driver parks his car at the entrance of the car park and from there, the car is automatically moved through the garage and parked in an available parking space. All this is carried out by utilizing a computer controlled system of pallets, conveyors, shuttles, carriers, and lifts in transporting cars from the arrival level to a parking space and vice versa, without human assistance. Later, the car is returned to the driver using a signaling device outside the building.

Automated parking management system reduces the required parking space width, depth, and distances between parking spaces, since no allowance need to be made for driving the car into the parking space or for the opening of car doors. Moreover, no driving lanes or ramps are required to drive the car toward the parking area. The ceiling height required is minimal, since there is no pedestrian traffic in the parking area. Furthermore, no walkways, stairways, or elevators are required to accommodate pedestrians in the parking area. These advantages are key drivers of the automated parking management system market.

A key restraint to the automated parking management system market is the cost of installation. The installation price of the system drastically increases, as the system consists of large mechanical as well as electronic components. Additionally, another key restraint of the market is the malfunctioning of electronic components. The components require frequent maintenance, which increases the cost of the system.

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Increasing demand for parking spaces, due to the increasing number of vehicles, has created significant opportunities for the automated parking management system market. Increased construction of public spaces such as malls and game lots, require spaces for parking, which increases the demand for the automated parking management systems.

The automated parking management system market can be segmented based on technology, methodology, and geography. In terms of technology, the automated parking management system market can be segmented into semi-automated parking system and fully automated parking system. The semi-automated parking system utilizes a mechanical means to move a car to its parking space; however, starting the parking process requires some action by an attendant or the driver. While in case of a fully automated parking system, the driver drives the car up to the entry of the system where driver and all the passengers exit the car. Subsequently, the system automatically parks the car in an available car parking space.

In case of methodology, the segments are based on the method of moving the vehicle to and from the parking place. Based on methodology, the automated parking system market can be segregated into automated guided vehicle (AGV) system, crane system, puzzle system, rail guided cart (RGC) system, shuttle system, silo system, and rower system. In case of AGV system, vehicles parked in parking modules are collected by this system by lifting the vehicle. The system can move in sideways and can perform rotational action too. In crane system, the vehicle movement is achieved by cranes.

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The puzzle system is the most efficient form of automated parking, which typically utilizes 95% of the floor area. RGC system operates the same way as the AGV, except that the RGC system is less complex and more robust than the AGV system. The shuttle system utilizes shuttles and elevators to park and retrieve the vehicles in and from the parking space. The silo systems are cylindrical in construction and typically utilize a single centrally mounted vehicle carrying mechanism, which performs the task of parking and retrieving the vehicles. The tower system consist of centrally mounted elevator with parking spaces on both sides of it.

Based on geography, the automated parking management system market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Rest of the World. North America and Europe are considerable markets for the automated parking system, as these regions are technologically more developed. Unavailability of parking spaces in these regions due to urbanization, is a key driver for the market in these regions.

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Key players operating in the automated parking management system market are Skyline Parking AG, CityLift Parking, Robotic Parking Systems Inc., Unitronics, Dayang Parking Co. Ltd, Klaus Multiparking Systems Pvt. Ltd., Automotion Parking Systems, Eito & Global Inc., Dongyang Menics, and Parkmatic TM.

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