Tag Archives: car parking system market by product

****** Car Parking System Market: Size, Outlook, Trend And Forecast to 2016-2026

Bharat Book Bureau Provides the Trending Market Research Report on “Car Parking System – ****** Market Size Study, Estimates & Forecasts: 2016-2026”under Automotive Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

****** Car Parking System Market valued approximately USD 2.51 Billion in 2018 is anticipated to grow with a healthy growth rate of more than 4.18% over the forecast period 2019-2026. The market growth is primarily driven by increasing use of cars across the globe, growing parking concern and issues such as land utilization and improper parking management in the overcrowded cities. Additionally, increasing use of advanced analytics in development of smart sensors for smart parking system boosted the demand for car parking system across the globe. However, high implementation cost and complexity in configuration hamper the market growth.