UAE Automated Parking System Market Size & Outlook
UAE automated parking system market, 2018-2030 (US$M)
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UAE automated parking system market highlights
- The UAE automated parking system market generated a revenue of USD 44.4 million in 2023 and is expected to reach USD 164.9 million by 2030.
- The UAE market is expected to grow at a CAGR of 20.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Automated parking system market data book summary
| Market revenue in 2023 | USD 44.4 million |
| Market revenue in 2030 | USD 164.9 million |
| Growth rate | 20.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Unitronics, Skyline Parking, KLAUS Multiparking, Robotic Parking Systems, City Lift Parking, Wöhr, Parkmatic, Automated Parking Solutions, Park Plus |
Other key industry trends
- In terms of revenue, UAE accounted for 2.1% of the global automated parking system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 164.9 million by 2030.
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Automated Parking System Market Scope
Automated Parking System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE automated parking system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated parking system market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 72.75% in 2023. Horizon Databook has segmented the UAE automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid establishment of smart cities and the rollout of smart infrastructure projects are driving the adoption of automated parking systems in Kuwait.
The growing use of innovative solutions based on the latest technologies to ensure safety, security, and seamless connectivity across parking spaces, and roads is emerging as a key factor driving the growth of the market.
Smart cities leverage advanced technologies to develop more efficient and sustainable transportation networks. Furthermore, the country is experiencing rapid urbanization, with a significant share of its population residing in urban centers such as Dubai, Abu Dhabi, and Sharjah.
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Target buyers of UAE automated parking system market databook
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Our clientele includes a mix of automated parking system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into UAE automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE automated parking system market size, by component, 2018-2030 (US$M)
UAE Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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