Automotive Automated Parking System Market
Global Automotive Automated Parking System Market Size, Share & Trends Analysis Report by Automation Level (Semi-automated and Fully-automated), by System (Hardware and Software), and by End-User (Commercial and Residential) Forecast Period (2022-2028)
The global automotive automated parking system market is anticipated to grow at a significant CAGR of 15.4% during the forecast period. One of the major factors that are fuelling the market is the growing competitiveness in the automobile industry. The market players are offering various new features for making their products better than the others, and the automated features are getting more attention than the others which has increased the demand for the automotive automated parking system. For instance, in November 2021, the Audi A8 received a subtle facelift for 2022, with new styling features, and advanced lighting technology which also included the automotive parking system. The updated A8 splits 40 driver assistance systems in which the “Park” package features Audi’s remote park assist, which allows the car to automatically maneuver in and out of bay or parallel parking spaces without the requirement of a driver.
Impact of COVID-19 Pandemic on Global Automotive Automated Parking System Market
The COVID-19 pandemic had impacted most of the industries in the market. The spread of the SARS-COV-19 led most governments across the globe to impose a lockdown that strictly restricted the use of vehicles. All this led to a decrease in the demand, and production activities in the shock absorber market. As per the data of Organization Internationale des Constructeurs d'Automobiles (OICA) 2020, the production of vehicles declined by 16% across the globe as compared to the production in 2019. Sales of the vehicles also declined by more than 13% in 2020. However, as the situation got normal the market grew considerably. As per the data of OICA 2021, the production of vehicles grew by 3% as compared to 2020.
Segmental Outlook
The global automotive automated parking system market is segmented based on the automation level, system, and end-user. Based on the automation level, the market is segmented into Semi-automated, and Fully-automated. Based on the system, the market is sub-segmented into hardware and software. Based on the end-user, the market is sub-segmented into commercial, and residential. Based on end-user, the residential segment is anticipated to hold a prominent share in the market while based on automation level, semi-automation is projected to hold a prominent share during the forecast period.
Global Automotive Automated Parking System Market Share by End-User, 2021 (%)
The Residential Segment is Expected to Hold the Prominent Share in the Global Automotive Automated Parking System Market
The residential segment is anticipated to hold a significant share in the market during the forecast period owing to the higher demand for a residential vehicles compared to commercial vehicles. Residential vehicles are highly used in families for doing various works and traveling, while commercial vehicles are used for specific work which limits their demand. As per the data of Organization Internationale des Constructeurs d'Automobiles (OICA) in 2021, 57,054,295 cars were manufactured which is more than 147% of the production of commercial vehicles. As a result of which, the market players are mostly preferring to implement high-tech systems such as automotive automated parking systems, ADAS, and others in the residential vehicles to compete in the market.
Regional Outlooks
The global automotive automated parking system market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Automotive Automated Parking System Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Grow Fastest in the Global Automotive Automated Parking System Market
Among all the regions, the Asia-Pacific region is expected to grow at a remarkable pace in the automotive automated parking system market globally. Emerging countries such as China, India, Japan, South Korea, and others are the most populous nations with major vehicle market players such as Toyota, Honda, Nio, Tata, and others. With the improving financial state of people, the vehicle market and competitiveness between market players are also growing. This has increased the demand for new and attractive features such as automotive parking, ADAS, Auto-pilot, and others in the vehicles to stay in the competition. As per the data of OICA, 46,732,785 vehicles were produced in the Asia Pacific region in 2021 which is 58.3% of the total vehicles produced across the globe in 2021.
Market Players Outlook
The major companies serving the global automotive automated parking system market include Klaus Multiparking Systems Pvt. Ltd., Lödige Industries GmbH, ShinMaywa Industries Ltd., Westfalia Parking, Wohr Parking Systems Pvt. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Fauceria acquired 79.5% stakes in Hella Electronics to enlarge their product portfolio in automobile technology, including radar, electronic power steering, ADAS convergence, and automated parking system.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive automated parking system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Automated Parking System Market
• Recovery Scenario of Global Automotive Automated Parking System Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Klaus Multiparking Systems Pvt. Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Lödige Industries GmbH
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. ShinMaywa Industries Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Westfalia Parking
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Wohr Parking Systems Pvt. Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Automated Parking System Market by Automation Level
4.1.1. Semi-automated
4.1.2. Fully-automated
4.2. Global Automotive Automated Parking System Market by System
4.2.1. Hardware
4.2.2. Software
4.3. Global Automotive Automated Parking System Market by End-User
4.3.1. Commercial
4.3.2. Residential
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AJ Automated Parking Systems
6.2. AutoMotion Parking Systems
6.3. Boomerang Systems Inc.
6.4. Citylift
6.5. Dayang Parking Co., Ltd
6.6. EITO&GLOBAL INC.
6.7. Expert Parking
6.8. FATA AUTOMATION
6.9. Mitsubishi Electric Corp.
6.10. Park Plus, Inc.
6.11. Robotic Parking Systems, Inc.
6.12. Fehr Lagerlogistik AG (Skyline Parking)
6.13. The Automated Parking Solution
6.14. Unitronics (1989) (R”G) Ltd.
1. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY AUTOMATION LEVEL, 2021-2028 ($ MILLION)
2. GLOBAL AUTOMOTIVE SEMI-AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AUTOMOTIVE FULLY-AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
5. GLOBAL HARDWARE IN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SOFTWARE IN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY AUTOMATION LEVEL, 2021-2028 ($ MILLION)
13. NORTH AMERICAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. EUROPEAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY AUTOMATION LEVEL, 2021-2028 ($ MILLION)
17. EUROPEAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
18. EUROPEAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY AUTOMATION LEVEL, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. REST OF THE WORLD AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY AUTOMATION LEVEL, 2021-2028 ($ MILLION)
25. REST OF THE WORLD AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET, 2022-2028 (%)
4. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY AUTOMATION LEVEL, 2021 VS 2028 (%)
5. GLOBAL AUTOMOTIVE SEMI-AUTOMATED PARKING SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL AUTOMOTIVE FULLY-AUTOMATED PARKING SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY SYSTEM, 2021 VS 2028 (%)
8. GLOBAL HARDWARE IN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL SOFTWARE IN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY END-USER, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM FOR RESIDENTIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
16. UK AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE AUTOMATED PARKING SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
