Automated Parking System Market Size [2021-2028] Worth USD 3.62 Billion
Automated parking systems, also known as robotic parking systems, are systems that use technology to park and retrieve cars in automated garages. These systems increase the parking capacity of a given parking lot and reduce the time taken to park or retrieve a vehicle. According to a recent market research report, the global automated parking system market is expected to reach USD 3.62 billion by the year 2028, growing at a CAGR of 9.1% between 2021 and 2028.
Overview of the Automated Parking System Market
The automated parking system market is a growing industry that is becoming increasingly popular due to the ever-increasing demand for more parking spaces across the world. As populations continue to increase, the demand for more parking spaces also increases, and the scarcity of parking spaces is a problem in large cities. The use of automated parking systems is a solution to this problem, as they can increase the parking capacity of a given area by 40% or more.
The automated parking system market is expected to grow significantly in the coming years due to the increasing demand for parking spaces and the need for more efficient and effective parking solutions. According to a recent report, the global automated parking system market is expected to reach $3.6 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025.
Definition and Functionality of Automated Parking Systems
Automated parking systems are designed to use elevators or lifts to move vehicles from the entry point to the appropriate parking space. The system uses sensors and cameras to detect the size and shape of the vehicle and then moves it to the designated parking spot. Retrieving a parked car is also automated, with the system using the same technology to move the vehicle to the exit point.
The automated parking system is a highly efficient and effective solution for parking problems in urban areas. It not only increases the parking capacity of a given area but also reduces the time and effort required for parking. The system is also environmentally friendly, as it reduces the emissions caused by idling cars searching for parking spaces.
Factors Driving the Market Growth
There are several factors driving the growth of the automated parking system market. The increasing number of vehicles on the road and the scarcity of parking spaces is the primary driving factor. Additionally, smart city initiatives, which are aimed at improving the quality of life in urban areas, are also contributing to the growth of this market.
Smart city initiatives involve the use of technology to improve the efficiency and effectiveness of urban services, including transportation. Automated parking systems are a key component of smart city initiatives, as they provide a more efficient and effective parking solution for urban areas. The use of automated parking systems also helps to reduce traffic congestion and improve air quality in urban areas.
In conclusion, the automated parking system market is a rapidly growing industry that is becoming increasingly popular due to the increasing demand for parking spaces and the need for more efficient and effective parking solutions. The use of automated parking systems is a solution to the problem of parking scarcity in large cities, and it is expected to continue to grow in the coming years due to the increasing demand for parking spaces and the need for more efficient and effective parking solutions.
Key Strategies
Innovative Technologies and Solutions
Innovative technologies such as automated electrical charging stations and green parking solutions are being introduced to improve the efficiency and sustainability of automated parking systems.
Market Segmentation and Analysis
By System Type
The automated parking system market can be segmented by system type into parking stackers, semi-automated puzzle systems and fully-automated systems. Semi-automated systems require some level of human intervention, such as a valet or attendant, while fully automated systems are entirely automated with no human intervention required.
By End-User Industry
The end-user industries for automated parking systems include residential, commercial, and government sectors. Of these, the residential & commercial sectors are the largest end-user, accounting for a significant portion of the market share.
By Region
The market is segmented by region into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the market, with countries such as China, Japan, and South Korea accounting for a significant portion of the market share.
Market Growth Factors and Challenges
Increasing Demand for Space Optimization
The increasing demand for space optimization in urban areas is driving the growth of the automated parking system market. As populations continue to grow, the demand for more parking spaces that utilize minimal space is increasing.
Rising Adoption of Smart City Initiatives
The adoption of smart city initiatives is driving the growth of the market, as municipalities look for ways to improve the quality of life in urban areas. These initiatives incorporate intelligent technology solutions such as automated parking systems to optimize resources and improve services.
Technological Advancements in the Automotive Industry
The automation and electrification of the automotive industry are driving the growth of the automated parking system market. As more electric and automated vehicles are produced, the demand for automated parking systems is expected to increase.
Conclusion
The automated parking system market is growing rapidly, driven by the increasing demand for parking space optimization and rising adoption of smart city initiatives. The market is highly competitive, with several major players constantly innovating to improve the functionality of their systems. While the high installation and maintenance costs remain a significant challenge, manufacturers are looking for innovative solutions to reduce costs and improve system reliability. With continued innovation and increased adoption of these systems, the global automated parking system market is expected to reach new heights in the coming years.
The Automated Parking Company Puzzle Lift
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Trusted Car Parking Solutions For A Reason
Proven Track Record
A proven track record of success, delivering vehicle storage solutions that matter.
Ability to reduce parking footprints and lower construction costs when compared to traditional parking schemes.
Experienced Team
Industry experts bring valuable market insights and capabilities to the table.
Focus on core values such as offering superior products, dependable software and controls, and professional customer service.
Innovative Designs
Pushing the boundaries of what’s possible in parking technology.
We stay ahead by developing innovative designs that meet the evolving needs of modern urban environments.
Cost-Effective Solutions
The Automated Parking Company understands the importance of cost-effectiveness in vehicle parking projects.
Our solutions are engineered to provide maximum value without compromising quality.
Sustainable Vehicle Parking Technologies by TAPCO
At TAPCO, sustainability is at the heart of our parking tech. We are committed to making a positive impact on the environment.
Green Design
Our vehicle storage solutions prioritize efficient space utilization, reducing waste and optimizing land usage.
Eco-Friendly Materials
We source environmentally responsible materials and integrate energy-efficient technologies.
Low Carbon Footprint
Our fully automated parking lots feature electric AGVs, minimizing greenhouse gas emissions.
LEED Support
Our designs align with LEED certification requirements for sustainable projects.
Urban Planning
We collaborate with urban planners to create pedestrian-friendly, green spaces for vehicles.
We value community input and address concerns for harmonious solutions.
Research & Innovation
Continuous research and innovation to improve green parking solutions.
Our Step By Step Process Towards Building Smart Yet Sustainable Parking
At TAPCO, our process ensures seamless delivery of efficient and sustainable parking tech tailored to your evolving project needs.
01
Discovery & Consultation:
Understand your needs, site constraints, and objectives.
02
Customized Design:
Create a tailored parking solution with eco-friendly integration.
03
Project Approval & Collaboration:
Obtain necessary approvals and work closely with your team.
04
Manufacturing & Quality Control:
Ensure the highest standards of quality.
05
Timely Delivery & Installation:
On-time setup with minimal disruptions.
06
Thorough Testing & Commissioning:
Rigorous performance checks and safety adherence.
07
Training & Support:
Comprehensive staff training and ongoing maintenance services.
08
Environmental Responsibility:
Implement eco-friendly practices and sustainability monitoring.
09
Client Satisfaction:
Prioritize your project with any number of our solutions.
Frequently Asked Questions
Q: Can TAPCO’s solutions be tailored to our specific needs?
A: Absolutely! At TAPCO, we understand that every project is unique. Our experienced team of designers and engineers will work closely with you to understand your specific requirements, site constraints, and objectives.
Q: How many levels can The Automated Parking Company design for the Puzzle parking system?
A: The Automated Parking Company has the capability to design systems with 2 to 7 levels, accommodating a varying number of parking spaces. Moreover, if your project calls for additional space optimization, we can even incorporate one or two subterranean levels, effectively increasing the total parking capacity.
Q: Are TAPCO’s parking systems safe and reliable?
A: Yes, safety is our top priority at TAPCO. We adhere to stringent industry safety standards and conduct rigorous testing and quality control measures at every stage of the manufacturing process.
Our car parking solutions are designed and built to ensure the safety of users, vehicles, and your property. We use high-quality materials and employ advanced technology to ensure the reliability and durability of our parking systems.
Improving Parking Convenience with Parking Stackers
When it comes to parking solutions, attended-oriented systems offer a blend of efficiency and convenience that cater to the needs and challenges of urban areas, particularly high-demand areas.
These multi-level car stacker solutions are a game-changer when it comes to parking, allowing the creation of multiple parking spaces within a single area.
TAPCO introduces a wide array of innovative attended-oriented parking systems designed to optimize space utilization as well as offer user-friendly parking practices.
These systems are intended to provide a seamless parking experience and enable attendants to efficiently manage parking procedures while ensuring the convenience and safety of the users. Here are the key benefits of using attended-oriented parking systems.
Optimal Space Utilisation
Our attended-oriented parking systems incorporate car lift storage systems make optimal use of the available space. Vertical stacking of vehicles with the vertical storage lift enables the system to increase the parking capacity within a limited area, hence coping with the increasing parking demands.
Organised vertical stacking
The attended-oriented parking allows vertical stacking of vehicles to utilize a vertical space effectively. This approach reduces the area required for parking, thereby contributing to a more organized and aesthetically pleasant-looking parking facility.
Convenience
The attended-oriented parking system offers ease of use for the attendant as well as the user. While the attendant can successfully navigate the car stacker lift and swiftly move vehicles into a nesting position with minimal effort, users need little to no guidance to park their vehicles safely.
Enhanced Security
Our attended-oriented car stacking system comes with advanced features to ensure the safety of parked vehicles. While users have peace of mind, property managers can also be content with the knowledge that the facility is secure.
Versatile stacked car parking
We offer a variety of car stacker lift solutions. From four post car storage lifts to no post solutions, our systems can be implemented indoors as well as outdoors and can be adapted for various project requirements or property layouts. TAPCO’s attended-oriented parking systems can be used in various environments, from commercial establishments to residential complexes.
Revolutionary Parking Solutions with Automated Lift Parking System
As the urban landscape continues to grow, the demand for efficient car parking solutions has become increasingly important. TAPCO introduces revolutionary semi-automated smart parking systems that are designed to optimise space utilization and streamline parking procedures for multi-family residential complexes and commercial facilities. Compared to the conventional car lift system, our multi level car parks are designed to redefine convenience and efficiency.
Here are some of the key features of our semi-automated car parking systems
Space Optimization
Optimal space utilization is a key focus of our multi-level car storing solutions. Our stack parking systems are designed to accommodate multiple levels, providing an impressive number of parking spaces within a compact footprint. We can design and integrate two to seven parking levels in a single structure and customize varying lengths, widths, and heights.
Seamless Automation
Our smart parking system incorporates advanced automation to simplify the parking process. Drivers can effortlessly park their vehicles with minimum guidance, thereby providing efficient utilization of time.
EV Capability
Given the increasing trend of electric vehicles, our parking solutions are also designed to embrace the future of mobility and Electric Vehicles. To cater to the ever-evolving automotive landscape, we also feature charging facilities for electric cars. We are the only vendor offering 7000# rated systems.
Convenience
We understand that parking can be a source of frustration for people, particularly when you cannot find a spot and have to drive around looking for space. Such layouts can be problematic for larger properties. However, with our Puzzle Parking system, this problem can be easily resolved, offering convenience to individuals and saving valuable time when parking or capturing your auto.
FAQ
Q: What is the difference between a fully automated and semi-automated smart parking system?
A: Semi-automated Puzzle solutions and fully automated AGV parking systems are considered automated parking and compress footprints giving you back valuable square footage.
In a semi-automated parking system, drivers can park and/or retrieve their own auto, so this system rids you of any demand for parking attendants therefore lowering your OpEx. Once the users vehicle is stowed within the system, the semi-automated Puzzle system can move the car up and down or left to right to find its nesting space.
On the other hand, in a fully-automated parking system, the driver pulls into a loading bay where they remove themselves and leave their auto, the system will then maneuver the auto and autonomously stow the users auto within the parking vault.
Q: What is the difference between mechanical lift systems and semi-automated Puzzle Parking systems?
A: In a mechanical stacker system, individuals must operate for it to move, or you must incorporate attendants to manage the parking and retrieval process.. The mechanical stacker parking system is usually a Double, Triple, or Quad Stacker that can raise the vehicle directly up on the platform so that more than one vehicle can be parked in a vertical stack. We strongly encourage trained personnel to operate these systems due to the manual processes of storing or retrieving autos in a vertical arrangement.
On the other hand, in a semi-automated system, there is no demand nor need for attendants or personnel to retrieve autos. Once the driver has parked their vehicle within the system, the semi-automated Puzzle system can intelligently move the car up and down or left to right.
Q: Which properties are semi-automated parking systems suitable for?
A: Our semi-automated parking systems are mostly suitable and used for commercial office and multi-family residential complexes.
Q: Can electric cars be charged in semi-automated parking systems?
A: Absolutely, our semi-automated smart parking systems are EV capable and feature charging facilities for electric vehicles. We offer Level II smart charging capabilities that allow you to bill the user pro-rata and also reduce the number of electrical meters therefore reducing your overall build costs when compared to competitive vendors.
Q: What are the maintenance requirements of semi-automated parking systems?
A: Maintenance and upkeep of the parking systems by The Automated Parking Company are easy as they are designed for minimal maintenance and durability. However, please note that regular checks and maintenance schedules help ensure optimal performance.