What is Global Multi-Storey Car Parks Market?
The Global Multi-Storey Car Parks Market is a comprehensive study of the various aspects of the multi-storey car parking industry worldwide. This market involves the construction, operation, and management of multi-level parking facilities that are designed to accommodate a large number of vehicles in a limited space. These structures are typically built in urban areas where land is scarce and expensive, and they are a crucial component of the transportation infrastructure in cities around the world. The market encompasses a wide range of products and services, including the design and construction of multi-storey car parks, the installation of parking management systems, and the provision of maintenance and repair services. The market also includes various types of multi-storey car parks, such as automated, semi-automated, and manual car parks. The Global Multi-Storey Car Parks Market is driven by several factors, including the increasing number of vehicles, the growing need for efficient use of urban space, and the rising demand for convenient and secure parking solutions. However, the market also faces several challenges, such as high construction and maintenance costs, and the need for compliance with stringent regulations and standards. Despite these challenges, the market is expected to grow steadily in the coming years, driven by technological advancements and the increasing adoption of smart parking solutions.
Multi Parking, Optima Parking, Speedy Parking, Rotary Carousel in the Global Multi-Storey Car Parks Market:
The Global Multi-Storey Car Parks Market includes several key players, such as Multi Parking, Optima Parking, Speedy Parking, and Rotary Carousel. Multi Parking is a leading provider of multi-storey car parking solutions, offering a wide range of products and services, including the design, construction, and management of multi-storey car parks. Optima Parking is another major player in the market, specializing in the provision of automated parking systems that maximize space utilization and enhance parking convenience. Speedy Parking is known for its innovative parking solutions, including its patented rotary carousel parking system, which allows for the efficient storage and retrieval of vehicles in a compact space. These companies, along with other players in the market, contribute to the growth and development of the Global Multi-Storey Car Parks Market through their innovative products and services, their commitment to quality and customer satisfaction, and their strategic initiatives such as mergers and acquisitions, partnerships, and product launches.
Commercial, Residential, Public in the Global Multi-Storey Car Parks Market:
The Global Multi-Storey Car Parks Market finds its application in various areas including commercial, residential, and public sectors. In the commercial sector, multi-storey car parks are commonly found in shopping malls, office buildings, and other commercial establishments where there is a high demand for parking spaces. These facilities provide a convenient and secure parking solution for customers and employees, and they also help to maximize the use of land, which is particularly important in urban areas where space is at a premium. In the residential sector, multi-storey car parks are often built in apartment complexes and condominiums, providing residents with a safe and convenient place to park their vehicles. In the public sector, multi-storey car parks are typically found in city centers, airports, train stations, and other public places where there is a need for large-scale parking facilities. These car parks not only provide a solution to the parking problem in these areas, but they also contribute to the efficient flow of traffic and the overall urban planning.
Global Multi-Storey Car Parks Market Outlook:
The Global Multi-Storey Car Parks Market was valued at US$ 4536.2 million in 2022 and is projected to reach US$ 5516.3 million by 2029, growing at a CAGR of 2.8% during the forecast period 2023-2029. The market is dominated by a few key players, including ShinMaywa, IHI Parking System, and MHI Parking, which collectively hold a market share of over 20%. The largest market for multi-storey car parks is Asia Pacific, accounting for over 60% of the global market, followed by Europe and North America, which hold market shares of about 20% and 10% respectively. In terms of product type, multi parking is the most popular, accounting for over 70% of the market. The largest application of multi-storey car parks is in the commercial sector, which accounts for about 60% of the market.
| Report Metric | Details |
| Report Name | Multi-Storey Car Parks Market |
| Accounted market size in 2022 | US$ 4536.2 in million |
| Forecasted market size in 2029 | US$ 5516.3 million |
| CAGR | 2.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ShinMaywa, IHI Parking System, MHI Parking, XIZI Parking System, Wuyang Parking, Goldbeck, Tongbao Parking Equipment, Huaxing intelligent parking, HUBER, Nissei Build Kogyo, Yeefung Industry Equipment, CIMC Tianda, Wohr, AJ Dongyang Menics, Dayang Parking, Klaus Multiparking, Maoyuan Parking Equipment, Lödige Industries, PARI, RR Parkon, Tada, Sieger Parking, Astron Buildings, Groupe Briand, Bourne Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
