The global automotive automated parking system market is anticipated to grow at a considerable CAGR of 15.4% during the forecast period. The primary factor that is fueling the market growth is the growing safety awareness among vehicle users in the past few years as road accidents growing significantly. As per the United Nations (UN) report, in December 2021, road accidents caused 1.3 million deaths every year. This has increased the demand for safety features in vehicles across the globe. The market players are also prioritizing the safety feature with rising demand.
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This has increased the demand for the automotive automated parking system among the other safety feature as it can safely park the vehicle without a driver. There are multiple vehicles which are offering automatic parking systems including 2019 – Lincoln Navigator, BMW 5 Series, Jaguar I-Pace, Volvo XC-40, Volkswagen GTi, BMW 2 Series, 2018 – Tesla Model 3, Mercedes Benz S Class, Mercedes Benz GLS, Ford F-150, Volkswagen Golf Estate, Ford Focus, Audi A8, Ford Expedition, and Tesla Model S.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Automation Level
o By System
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Klaus Multiparking Systems Pvt. Ltd., Lödige Industries GmbH, ShinMaywa Industries Ltd., Westfalia Parking, Wohr Parking Systems Pvt. Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Automated Parking System Market Report Segment
By Automation level
- Semi-Automated
- Fully-Automated
By System
- Hardware
- Software
By End-User
- Commercial
- Commercial
Automotive Automated Parking System Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- AJ Automated Parking Systems
- AutoMotion Parking Systems
- Boomerang Systems Inc.
- Citylift
- Dayang Parking Co., Ltd
- EITO&GLOBAL INC.
- Expert Parking
- FATA AUTOMATION
- Mitsubishi Electric Corp.
- Park Plus, Inc.
- Robotic Parking Systems, Inc.
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