The parking industry is a large and growing industry. An estimated 80,000 parking garages are built every year with most of them being conventional facilities. But large Asian cities are facing high shortage of space and urgently in need of alternative parking systems. There are several players in the automated parking space but Skyline Parking has a leading concept with pending patents in 54 countries. The market for smart parking is still very young but is expected to boom as good solutions are coming. There are several players in the market with different systems. Given the expanding market, the number of competitors is relatively small and current solutions are not able to offer the same combination of short cycle times and space reduction as Skyline Parking does.
