Car Parking System Market to Record Significant Revenue Growth During the Forecast Period 2021-2026

The Car Parking System Market report by Company, Regions, Type and Application; added by Stratview Research is an in-depth analysis of the present and upcoming trends, market size, status, present scenario and upcoming technologies, market drivers, challenges, regulatory policies, with key company profiles and growth strategies of major players. The present report provides market introduction, Car Parking System Market definition, mergers & acquisitions, key financial data, regional market scope, sales and revenue by region, Industrial supply Chain, market size forecast, related tables, pie charts, graphs, and figures, etc.

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Market Highlights:

A car parking system can be defined as a mechanical device that multiplies parking capacity inside a parking lot. These parking systems are being powered by hydraulic pumps or electric motors which move the vehicle into a storage position. Car parking systems can be categorized as mechanical systems, semi-automated systems, and automated systems.

The Car Parking System market is projected to grow from USD 2.8 billion in 2020 to USD 3.6 billion by 2026 at a CAGR of around 4.2% during the forecast period.

Top players in the market:

The report has listed few key players active in the market. Below given is the list-

  • IHI Corporation (Japan),
  • Klaus Multiparking Systems Pvt. Ltd. (India),
  • Unitronics (Israel),
  • Lödige Industries GmbH (Germany),
  • Zhejiang Tianchen Intelligence Technology (China),
  • Westfalia Technologies, Inc. (The U.S),
  • MHE-Demag (S) Pte Ltd. (Singapore),
  • STOPA Anlagenbau GmbH (Germany),
  • FATA Automation, Inc. (The U.S), and
  • Park Plus (India).

Segment-wise Analysis:

To broaden the understanding, researchers have studied the Car Parking System Market minutely. The report consists of segment-wise details such as application type, platform type, etc. It also covers the regional analysis, considering the potential regions and countries. Such segment-wise analysis will further assist the users in making suitable decisions for better growth opportunities.

Critical Questions Answered in the Report:

  • What are the key trends in the Car Parking System Market?
  • How has the market (and its various sub-segments) grown in the last five years?
  • What would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the market?
  • What are the key strategies adopted by the major vendors to lead in the Car Parking System Market?
  • What is the market share of the top vendors?

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