South America 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 South America automated parking system market is sub segmented into Brazil and Argentina. In terms of industrial automation, Brazil is one of the region's fastest-growing countries. Advanced automated parking systems have been implemented at the Morumbi shopping complex in Sao Paolo, Brazil, which has the largest car park system in the South American region. The shopping complex is spread over 46,000 m2 space, with ~400 retail businesses and ~3800 parking spaces that handle 22,000 vehicles every day, on average. To handle the entire complex, 44 distinct access and revenue control sites have been deployed. The automated system is deployed with 11 entry lanes and 13 exit lanes to control traffic flow, It also features 21 conveniently located parking fee payment booths. The automated method was designed to eliminate the widespread manipulation that happens with manual systems, in the form of cashier indiscretion and use of illegitimate tickets by drivers. Morumbi's automated parking has already proven to be so effective that there are plans to expand it, including plans for additional automation with pay-on-foot stations and a vehicle identification system to avoid car theft. To further strengthen personal security, the system also includes CCTV cameras. Furthermore, rising traffic congestion in big cities, combined with expanding automotive vehicle consumption, is encouraging the development of automated parking systems to efficiently manage parking spaces.
In 2020, Brazil recorded the highest number of COVID-19 cases in South America, followed by Colombia, Ecuador, Chile, Peru, and Argentina. The pandemic has adversely affected various industries, including the automotive sector. Many companies in the region suspended vehicle production due to the worsening COVID-19 public health crisis, while others opted to restructure their production facilities. The slowdown of sales and reduction in consumer demand resulted in significant losses for the regional automated parking system market players. The automated parking system market witnessed a decline in performance in South America as the majority of stimulus package deployed by governments were focused on public healthcare and tax relief. However, a decrease in the number of new cases, relaxations in COVID-led restrictions, and investments and changes in production processes are anticipated to promote market recovery in this region.
Get more information on this report : 
Market Overview and Dynamics
The automated parking system market in South America is expected to grow from US$ 52.39 million in 2021 to US$ 120.02 million by 2028; it is estimated to grow at a CAGR of 12.6% from 2021 to 2028. Development of smart cities; there is a surge in the construction of smart cities and green spaces in buildings across the region, 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.
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 South America 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 South America 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.; FATA Automation Inc.; Klaus Multiparking; and Parkmatic among others.
Reasons to buy report
- To understand the South America 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 South America automated parking system market
- Efficiently plan M&A and partnership deals in South America 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 South America automated parking system market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
SOUTH AMERICA AUTOMATED PARKING SYSTEM MARKET SEGMENTATION
- Hardware
- Software
- Semi-automated
- Fully-automated
- Palleted
- Non-palleted
- Commercial
- Residential
- Mixed-use
By Country
- Brazil
- Argentina
- Rest of South America
Company Profiles
- AJ Automated Parking Systems Co., Ltd.
- FATA Automation Inc.
- Klaus Multiparking
- Parkmatic
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. SAM Automated Parking System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM 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 – SAM Analysis
6.1 Automated Parking System Market SAM Overview
6.2 Automated Parking System Market – SAM Revenue and Forecast to 2028 (US$ Million)
7. SAM Automated Parking System Market Analysis – By Component
7.1 Overview
7.2 SAM Automated Parking System Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Automated Parking System Market – By Automation Level
8.1 Overview
8.2 SAM Automated Parking System Market, By Automation Level (2020 and 2028)
8.3 Semi-automated
8.3.1 Overview
8.3.2 Semi-automated: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Fully-automated
8.4.1 Overview
8.4.2 Fully-automated: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Automated Parking System Market – By Platform
9.1 Overview
9.2 SAM Automated Parking System Market, By Platform (2020 and 2028)
9.3 Palleted
9.3.1 Overview
9.3.2 Palleted: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Non-palleted
9.4.1 Overview
9.4.2 Non-palleted: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10. SAM Automated Parking System Market – By End-User
10.1 Overview
10.2 SAM Automated Parking System Market, By End-User (2020 and 2028)
10.4 Residential
10.4.1 Overview
10.4.2 Residential: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial
10.5.1 Overview
10.5.2 Commercial: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Mixed-use
10.6.1 Overview
10.6.2 Mixed-use: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11. SAM Automated Parking System Market – Country Analysis
11.1 Overview
11.1.1 SAM: Automated Parking System Market- By Key Country
11.1.1.1 Brazil: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Automated Parking System Market- By Component
11.1.1.1.2 Brazil: Automated Parking System Market- By Automation Level
11.1.1.1.3 Brazil: Automated Parking System Market- By Platform
11.1.1.1.4 Brazil: Automated Parking System Market- By End-User
11.1.1.2 Argentina: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Automated Parking System Market- By Component
11.1.1.2.2 Argentina: Automated Parking System Market- By Automation Level
11.1.1.2.3 Argentina: Automated Parking System Market- By Platform
11.1.1.2.4 Argentina: Automated Parking System Market- By End-User
11.1.1.3 Rest of SAM: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Automated Parking System Market- By Component
11.1.1.3.2 Rest of SAM: Automated Parking System Market- By Automation Level
11.1.1.3.3 Rest of SAM: Automated Parking System Market- By Platform
11.1.1.3.4 Rest of SAM: Automated Parking System Market- By End-User
12. Impact of COVID-19 Pandemic on SAM Automated Parking System Market
12.1 South America Impact Assessment of COVID-19 Pandemic
13. SAM 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 FATA Automation Inc.
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 Klaus Multiparking
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 Parkmatic
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
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. SAM Automated Parking System Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. SAM: Automated Parking System Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Automated Parking System Market- By Component –Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Automated Parking System Market- By Component–Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: Automated Parking System Market- By Automation Level –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: Automated Parking System Market- By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: Automated Parking System Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Automated Parking System Market Segmentation
Figure 2. SAM Automated Parking System Market Segmentation – By Country
Figure 3. SAM 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. SAM Automated Parking System Market, By Country
Figure 9. South America – PEST Analysis
Figure 10. SAM Automated Parking System Market– Ecosystem Analysis
Figure 11. Expert Opinions
Figure 12. SAM Automated Parking System Market: Impact Analysis of Drivers and Restraints
Figure 13. SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Automated Parking System Market Revenue Share, by Component (2020 and 2028)
Figure 15. Hardware: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Software: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Automated Parking System Market Revenue Share, By Automation Level (2020 and 2028)
Figure 18. Semi-automated: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Fully-automated: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Automated Parking System Market Revenue Share, by Platform (2020 and 2028)
Figure 21. Palleted: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Non-palleted: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Automated Parking System Market Revenue Share, by End-User (2020 and 2028)
Figure 24. Residential: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mixed-use: SAM Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. SAM: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM: Automated Parking System Market Revenue Share, By Key Country (2020 and 2028)
Figure 29. Brazil: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Argentina: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of SAM: Automated Parking System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic In South America Country Markets
- AJ Automated Parking Systems Co., Ltd.
- FATA Automation Inc.
- Klaus Multiparking
- Parkmatic
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America 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 South America 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 South America 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