Albany, NY -- (SBWIRE) -- 05/11/2017 -- With scarcity in parking spaces and appreciating land prices across the globe, vendors in the global automated parking systems market are introducing new products that are cost-efficient and can optimize parking spaces. While the market is dominated by automated and semi-automated parking systems, which use mechanical systems to move cars into parking spaces, in the past five years there has been an upsurge in the adoption rate of robotic parking systems.

The global parking robots market to grow at a CAGR of 18.46% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global parking robots market for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales and services.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Parking Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Boomerang Systems
- MHE-Demag
- PARKPLUS
- Serva Transport Systems
- Shenzhen Yeefung Automation Technology

Other prominent vendors
- A.P.T. Parking Technologies
- Applied & Integrated Manufacturing
- FATA Automation
- HANGZHOU HIKROBOT TECHNOLOGY
- Ldige Industries
- Shaanxi Long Xiang Parking Equipment Group
- Smart City Robotics
- Stanley Robotics
- Westfalia Parking Solutions
- Worldwide Robotic Automated Parking
- Unitronics

Market driver
- Scarcity and drawbacks of conventional parking spaces
- For a full, detailed list, view our report

Market challenge
- High initial cost of AGVs and peripherals
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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