Automatic Car Parking Systems: Growing Global Trend
According to the 'Automated Parking System Market - Global Forecast to 2027' report, the automated parking system market is estimated to grow at a CAGR of 13.1% from 2019 to 2027, to reach a market size of USD 3.6 billion by 2027. The key drivers for the market are the increasing number of vehicles, scarcity of land for parking, rising urbanization, growing demand for green & sustainable parking solutions, increasing demand for luxury buildings, and 'smart cities' initiatives from the government. Europe is estimated to be the largest in the automated parking system market with adoption of an automated parking system high in the UK, Germany, Denmark, Norway, Switzerland, Spain, and the Netherlands. Rising adoption of automated parking system is expected to enhance parking solutions, save space, and reduce vehicle emission while parking the car. Europe has a state of art technology background and has a presence of leading players of the automated parking solutions. This has further encouraged private and public sectors to adopt automated parking solutions for managing parking problems effectively. Think smart, think automatic car parking systems. In the automated parking system market, the fully automatic car parking system is growing in popularity. Why? Because the number of luxury projects is growing, and there is high demand from consumers for more capacity, comfort and convenience. This is driving construction companies to adopt and install these automatic parking systems in their projects. The completely automatic multilevel car parking system makes parking extremely simple and safe. Cars are parked and retrieved automatically. These systems are fitted with smart digital systems and use sensors to find a parking space and park your vehicle perfectly. An automated lift collects the car and carries it to the vacant spot. Automatic parking systems also come fitted with security features to keep your car safe. With technology like RFID, only authorized cars gain entry. These Automatic parking systems for apartments are also ideally suited for other premises with huge number of cars to be parked such as business complexes, hospitals, malls, universities, etc.