Middle East and Africa Automated Parking System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Automation Level (Semi-Automated and Fully-Automated), Platform (Palleted and Non-Palleted), and End-User (Residential, Commercial, and Mixed-Use)
Market Introduction
The Middle East & Africa region includes South Africa, Saudi Arabia, and the UAE. In the following years, the region is predicted to see a substantial expansion in commercialization and industrialization, which would boost demand for automated parking systems across various industries. With rising demand for passenger cars, the MEA is one of the world's fastest-growing automotive markets. Saudi Arabia is experiencing sustainable development due to the government's continued support for the industry in Yanbu and Al Jubail. Furthermore, South Africa is one of Africa's fastest-growing countries, with a strong automotive sector. According to OICA data, the country manufactured 447,218 units of all types of cars in 2020. As a result, developing manufacturing industries, such as the automotive sector, are predicted to favorably impact the automated parking systems market as the number of vehicles sold increases. With an increasing sale of vehicles, the demand for automated parking systems will also rise. For instance, as part of the completion of phase one of the Ibn Battuta Gate project in Dubai, UAE, the first automated, multistory car park opened in December 2019. Similarly, Spacegate will open the new Hikmah Tower automated park in Dubai, which will accommodate (1252) vehicles, and NGP Solutions will open the Dubai Courts Compound in Dubai, which will accommodate (1248) vehicles. Thus, the market is expected to flourish in the upcoming years.
The automated parking system market in the Middle East & Africa has witnessed a decline due to disruptions in supply chains; enactment of containment measures such as travel restrictions, production shutdowns, and lockdowns; and the disrupted supply and distribution of electronics and mechanical automotive components. South Africa accounts for a major share in the automotive sector in the Middle East & Africa. The shuttering of production factories has had an enormous impact on the country's automotive sector. Several players in the automated parking system market are introducing innovative green and environmentally friendly technologies to recover sales. Employers are focused on making a larger floor area available for employees to assist with social distancing, which could result in review and adjustments in the parking spaces, as per the required sizes. By creating smart, flexible, and right-sized parking facilities, vendors in the MEA can better prepare themselves to continue providing the desired level of services.
Get more information on this report : 
Market Overview and Dynamics
The automated parking system market in Middle East & Africa is expected to grow from US$ 76.07 million in 2021 to US$ 166.98 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028. Development of smart cities; there is a surge in the construction of smart cities and green spaces in buildings, which is creating lucrative growth opportunities for the developers of automated parking systems. Rising population and rapid urbanization have led to significant innovations in the concepts of living. As a part of the smart city projects, the construction of luxury buildings accommodating green spaces is anticipated to augment the demand for APS systems, which help save space and lower car emissions. Reclaiming valuable spaces for amenities, and additional living by owners, and architects will offer ample opportunities for the automated parking system market players to provide customized solutions with enhanced functionalities for improving the profitability of commercial buildings. This is bolstering the growth of the automated parking system market.
Key Market Segments
On the basis of component, the market is segmented into hardware and software. In 2020, the hardware segment held the largest share Middle East & Africa automated parking system market. Based on the automation level, the automated parking system market is segmented into semi-automated and fully-automated. The market for fully-automated parking systems is anticipated to grow at a significant CAGR during the forecast period. On the basis of platform, the market is segmented into palleted and non-palleted. The palleted segment accounts for largest market share in the 2020. On the basis of end-user, the automated parking system market is segmented into residential, commercial, and mixed-use. The commercial segment contributed a substantial share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automated parking system market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AJ Automated Parking Systems Co., Ltd.; Klaus Multiparking; Parkmatic; Robotic Parking Systems, Inc.; and U-tron among others.
Reasons to buy report
- To understand the Middle East & Africa automated parking system market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa automated parking system market
- Efficiently plan M&A and partnership deals in Middle East & Africa automated parking system market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa automated parking system market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
MIDDLE EAST & AFRICA AUTOMATED PARKING SYSTEM MARKET SEGMENTATION
- Hardware
- Software
- Semi-automated
- Fully-automated
- Palleted
- Non-palleted
- Commercial
- Residential
- Mixed-use
By Country
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
Company Profiles
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automated Parking System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Middle East & Africa
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Automated Parking System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Vehicles and Consequently Growing Demand for Sustainable Parking Solutions
5.1.2 Growth in Number of Luxury Buildings with Increased Space and Enhanced Parking Facilities
5.2 Market Restraints
5.2.1 High Initial Investment Requirements and Complexity of Monitoring Systems
5.3 Market Opportunities
5.3.1 Development of “Smart Cities”
5.4 Future Trends
5.4.1 Robotic Garages and Robotic Parking
5.5 Impact Analysis of Drivers and Restraints
6. Automated Parking System Market – MEA Analysis
6.1 Automated Parking System Market MEA Overview
6.2 MEA Automated Parking System Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Automated Parking System Market Analysis – By Component
7.1 Overview
7.2 MEA Automated Parking System Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Automated Parking System Market – By Automation Level
8.1 Overview
8.2 MEA Automated Parking System Market, By Automation Level (2020 and 2028)
8.3 Semi-automated
8.3.1 Overview
8.3.2 Semi-automated: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Fully-automated
8.4.1 Overview
8.4.2 Fully-automated: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Automated Parking System Market – By Platform
9.1 Overview
9.2 MEA Automated Parking System Market, By Platform (2020 and 2028)
9.3 Palleted
9.3.1 Overview
9.3.2 Palleted: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Non-palleted
9.4.1 Overview
9.4.2 Non-palleted: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Automated Parking System Market – By End-User
10.1 Overview
10.2 MEA Automated Parking System Market, By End-User (2020 and 2028)
10.4 Residential
10.4.1 Overview
10.4.2 Residential: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial
10.5.1 Overview
10.5.2 Commercial: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Mixed-use
10.6.1 Overview
10.6.2 Mixed-use: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11. MEA Automated Parking System Market – Country Analysis
11.1 MEA: Automated Parking System Market
11.1.2 MEA: Automated Parking System Market- By Key Country
11.1.2.1 South Africa: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 South Africa: Automated Parking System Market- By Component
11.1.2.1.2 South Africa: Automated Parking System Market- By Automation Level
11.1.2.1.3 South Africa: Automated Parking System Market- By Platform
11.1.2.1.4 South Africa: Automated Parking System Market- By End-User
11.1.2.2 Saudi Arabia: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 Saudi Arabia: Automated Parking System Market- By Component
11.1.2.2.2 Saudi Arabia: Automated Parking System Market- By Automation Level
11.1.2.2.3 Saudi Arabia: Automated Parking System Market- By Platform
11.1.2.2.4 Saudi Arabia: Automated Parking System Market- By End-User
11.1.2.3 UAE: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 UAE: Automated Parking System Market- By Component
11.1.2.3.2 UAE: Automated Parking System Market- By Automation Level
11.1.2.3.3 UAE: Automated Parking System Market- By Platform
11.1.2.3.4 UAE: Automated Parking System Market- By End-User
11.1.2.4 Rest of MEA: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 Rest of MEA: Automated Parking System Market- By Component
11.1.2.4.2 Rest of MEA: Automated Parking System Market- By Automation Level
11.1.2.4.3 Rest of MEA: Automated Parking System Market- By Platform
11.1.2.4.4 Rest of MEA: Automated Parking System Market- By End-User
12. Impact of COVID-19 Pandemic on MEA Automated Parking System Market
12.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
13. MEA Automated Parking System Market-Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 AJ Automated Parking Systems Co., Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Klaus Multiparking
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Parkmatic
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Robotic Parking Systems, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 U-tron
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. MEA Automated Parking System Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. MEA: Automated Parking System Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 14. UAE: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of MEA: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of MEA: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automated Parking System Market Segmentation
Figure 2. MEA Automated Parking System Market Segmentation – By Country
Figure 3. MEA Automated Parking System Market Overview
Figure 4. Software Segment is Growing with Highest CAGR in 2020
Figure 5. Fully-Automated Held the Largest Market Share in 2020
Figure 6. Palleted Held the Largest Market Share in 2020
Figure 7. Commercial Held the Largest Market Share in 2020
Figure 8. MEA Automated Parking System Market, By Country
Figure 9. Middle East & Africa – PEST Analysis
Figure 10. MEA Automated Parking System Market– Ecosystem Analysis
Figure 11. Expert Opinions
Figure 12. MEA Automated Parking System Market: Impact Analysis of Drivers and Restraints
Figure 13. MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Automated Parking System Market Revenue Share, by Component (2020 and 2028)
Figure 15. Hardware: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Software: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Automated Parking System Market Revenue Share, By Automation Level (2020 and 2028)
Figure 18. Semi-automated: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Fully-automated: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Automated Parking System Market Revenue Share, by Platform (2020 and 2028)
Figure 21. Palleted: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Non-palleted: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Automated Parking System Market Revenue Share, by End-User (2020 and 2028)
Figure 24. Residential: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mixed-use: MEA Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. MEA: Automated Parking System Market – Revenue by Country to 2028 (US$ Million)
Figure 28. MEA: Automated Parking System Market Revenue Share, By Key Country (2020 and 2028)
Figure 29. South Africa: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Saudi Arabia: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UAE: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of MEA: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- AJ Automated Parking Systems Co., Ltd.
- Klaus Multiparking
- Parkmatic
- Robotic Parking Systems, Inc.
- U-tron
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa Automated Parking System Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa Automated Parking System Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Automated Parking System Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution