Research Methodology – Automated Parking System Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Automated Parking System Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Automated Parking System Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Existing competitors and their market share
- The size of the target customer base
- Penetration of automated parking systems in the target market
- Revenues from different regions and their growth rate
- Research and development expenses in automated parking systems
- The price of automated parking systems and its influence on the consumers
- Government policies and regulations impacting the market
Key Market Indicators
- Global car production and sales statistics
- Urbanization rate and the number of multi-story buildings
- Trends in smart city development
- Infrastructure development stats, particularly focusing on parking facilities
- Tech adoption rates, particularly in automobile and parking industries
- General GDP growth and consumer purchasing power
Growth Trends
- Rising demand for convenience and space efficiency in urban areas
- Increasing integration of advanced technologies like AI and IoT in parking management
- Growth in construction of large-scale commercial complexes requiring efficient parking solutions
- Increasing government regulations mandating the use of automated parking systems
- Continual advancements in autonomous vehicles requiring appropriate parking solutions
- Rising environmental concerns leading to the preference for space-efficient solutions
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Automated Parking System Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Automated Parking System Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
Get This ReportOur Clients:
