Increasing Importance of Smart Parking Solutions Driving Demand for Elevator Automation System

New ARC Advisory Group research on the Elevator Automation Systems market reveals that the businesses and public authorities that offer parking facilities are constantly looking to improve quality, convenience, and choice.  Smart parking solutions offer optimized usage of parking space and improved efficiency of parking operations, enabling businesses to utilize available spaces more productively and effectively.  ARC observes that the growing interest in smart parking solutions among facility owners will lead to an increase in demand for elevator automation system. 

Smart parking technology uses elevators, elevator automation systems, and other related systems to transport vehicles using robotic lifting systems.  The technology helps businesses utilize the available spaces more efficiently, ensures vehicle safety, and provides convenience to customers, while offering an overall improvement in parking experience,” according to Eapen Jacob, Analyst at ARC Advisory Group and key author of ARC’s Elevator Automation Systems Market Research 2017-2022 report.

About the Global Elevator Automation System Research

This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the global elevator automation system market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques.  The research includes competitive analysis, plus five-year market forecasts by region, revenue category, hardware, services, and facility types. 

This new research is available as a Concise Market Analysis Report (PDF) which provides an executive-level summary of the current market dynamics, market forecasts, supplier recommendations, and an overview of strategic issues.  

For more information on this and other available ARC market research, please visit our Market Data & Studies section.

Engage with ARC Advisory Group