With Market Size Valued at $165.9 Million by 2026, it`s a Healthy Outlook for the Global Robotic Parking Systems Market

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robotic Parking Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 443
Companies: 46 - Players covered include A.P.T. Parking Technologies, LLC; AIM Inc.; Boomerang Systems, Inc.; FATA Automation Ltd.; Hangzhou Hikrobot Technology Co., Ltd.; Lodige Industries GmbH; Mhe Demag (S) Pte., Ltd.; Park Plus Inc.; Serva Transport Systems GmbH; Shaanxi Long Xiang Parking Equipment Group; Smart City Robotics; Stanley Robotics; Unitronics; Westfalia Parking Solutions; Worldwide Robotic Automated Parking, LLC and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Commercial, Residential, Other End-Uses); Product Type (AGVs along with peripherals, Standalone AGVs)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Robotic Parking Systems Market to Reach $165.9 Million by 2026
Amid the COVID-19 crisis, the global market for Robotic Parking Systems estimated at US$60.3 Million in the year 2020, is projected to reach a revised size of US$165.9 Million by 2026, growing at a CAGR of 18.2% over the analysis period. AGVs along with peripherals, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$116.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Standalone AGVs segment is readjusted to a revised 17.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.6 Million in 2021, While China is Forecast to Reach $28.8 Million by 2026
The Robotic Parking Systems market in the U.S. is estimated at US$21.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.8 Million by the year 2026 trailing a CAGR of 17.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.