Global Robotic Parking Systems Market to Grow at a CAGR of 18.46% and Forecast to 2021
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.
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