Global Parking Robots Market Yields Abundant Profits from Scarcity and Downsides of Conventional Parking Spaces

Published Date : Jun 05, 2017

ALBANY, New York, June 5, 2017 – The global parking robots market has been envisaged in a market intelligence report added by, titled “Global Parking Robots Market 2017–2021,” to expand at a 18.46% CAGR for the forecast period. The authors of the publication have taken into consideration the revenue generated through new services and sales for the purpose of estimating the size of the global parking robots market. The publication has been expected to answer the critical questions of industry players wanting to take a leading position in the global parking robots market. 

Crucial inputs from industry experts have been included in the profound reports of the world parking robots market offered in the report. This has been anticipated to help players gain a decisive insight into the key trends and opportunities and challenging factors of the world parking robots market. The drawbacks and shortage of traditional parking spaces could bring in ample of growth opportunities for the world parking robots market. 

On the restraining side, high initial cost of autonomous guided vehicles (AGVs) and peripherals has been foretold to hamper the demand in the world parking robots market. However, the analysts have foreseen smart parking to gain traction in the near future, much to the advantage of the world parking robots market. Besides this, increasing vendor initiatives could dilute the effect of challenges in the world parking robots market. 

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Vendors looking to extend their share in the international parking robots market have been envisioned to leverage the appreciating prices of land and need for sufficient parking space for making profit. In this regard, players could take to the optimization of parking spaces and development of cost-effective and novel products. The researchers have learned that the international parking robots market could gain a strong impetus with the surge in the adoption of robotic parking systems in the last five years. Semi-automated and automated parking systems have been predicted to dominate the international parking robots market.

In terms of product, the segmentation reports of the international parking robots market incorporates a study of key classifications such as robotic parking systems using AGVs along with peripherals and robotic parking systems using standalone AGVs. On the basis on end user, the international parking robots market has been studied according to commercial, residential, and other segments. Geographically, Europe, the Middle East, and Africa, Asia Pacific, and the Americas have been closely analyzed in the parking robots market report.

Buyers of the report have been provided with an in-depth evaluation of the competitive landscape of the worldwide parking robots market and its growth prospects in the coming years. Top vendors such as Shenzhen Yeefung Automation Technology, Serva Transport Systems, PARKPLUS, MHE-Demag, and Boomerang Systems have been comprehensively profiled in the report.

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