PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Companies Focusing on Lifts/Elevators Can Tap the Automated Car Parking System Market in India in an Organized Manner Notes Frost & Sullivan - Planning parking lots in cities is one of the biggest challenges for builders, town planners, and end users in India, due to limited availability of space
Companies Focusing on Lifts/Elevators Can Tap the Automated Car Parking System Market in India in an Organized Manner Notes Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2010/12/07 - Planning parking lots in cities is one of the biggest challenges for builders, town planners, and end users in India, due to limited availability of space.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Lack of parking space in cities can be attributed to increasing vehicle sales, increasing population, and ignoring future needs while undertaking town planning.

The market for Automated Car Parking (ACP) Systems in India is unorganized, but is fairly new and still developing. It is also a niche segment, bolstered by forecast GDP growth at 9 percent. Absence of a regulatory body to control the quality of the ACP systems, lack of skilled labor to assemble it, and high initial investment are the challenges prevailing in this space.

The main advantage of the ACP System is its eco-friendly nature (more space per car), increased safety for cars, which in due course would address parking and traffic woes in cities. However, factors such as poor after-sales services; and technical snags (such as frequent breakdowns, system failures, sensors failures, signal transfer errors, system hang-up due to erratic power cuts and voltage fluctuations) during the period of operation, limits market growth. The access and retrieval times, height and dimensional constraints, throughput rate within and around a building on nearby roads, are the factors that govern the design of a Parking System.

Indian market participants are presently importing the System, transferring the technology, or forming joint ventures with market participants of developed markets like Germany, Korea, and China. The system can be designed to accommodate minimum two cars to maximum 1,300 cars of the small car segment; and even vehicles like SUVs and MUVs. The average retrieval time for a car ranges from one minute to less than two minutes, depending on the level of automation used in the system. The cost of constructing an Equivalent Car Space (ECS) includes the cost of designing the system, the cost of structural members, mechanical drives and control system, and the installation cost, which can be squeezed into the basic model of INR 80,000 per ECS, and can be scaled to a high-end model of INR 10,00,000 per ECS. The ACP System yields a quick ROI compared to a Conventional Parking System, with inherent intangible benefits such as a safe and systematic parking system.

Looking at the numerous opportunities with the prevailing degree of fragmentation in regions, Indian and multinational companies focusing on lifts/elevators/travelators can tap the ACP System market in an organized manner. The equipment, technology, and the level of automation associated with lifts/elevators are on a platform that is similar to the ACP System.

Commenting on the ACP market, Narayanan Alagappan, Senior Research Analyst, Environment and Building Technologies Practice, Frost & Sullivan, says, "Creating a consortium of ACP System suppliers and lift/elevator manufacturers will witness synergies between them in identifying opportunity avenues, leverage on their strengths and weaknesses, plan counter measures for industry threats, and bank on their brand image in the market. The consortium can set standards and accelerate the market for the Automated Parking System in India. Turning these challenges into opportunities is a smart way to capture the market for the Automated Car Parking (ACP) System in India."

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices in six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


Companies Focusing on Lifts/Elevators Can Tap the Automated Car Parking System Market in India in an Organized Manner Notes Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ravinder Kaur / Nimisha Iyer 
+91 44 42044517 / +91 22 40013404 ravinder.kaur[.]frost.com / niyer[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

The VINCI Airports-ORIX-Kansai Airports Joint Venture is Named Preferred Bidder for the Kobe Airport in Japan
VINCI Energies Acquires Acuntia - A Leading Spanish Information and Communication Technology Company
HOCHTIEF and BAM Deutschland to Refurbish and Operate Future Berlin Base of Federal Ministry of Health
CIMIC's Thiess Awarded $650 Million Solomon Extension
VINCI Launches Leonard - The New Group-wide Platform Dedicated to Innovation, Foresight and Inventing the Group's Future Businesses
VINCI Construction Wins A New Contract for Line 15 South of the Future Grand Paris Express Transport Network
CIMICíS CPB Contractors Wins $400m Airport Runway Works in JV
Eurovia Reinforces its Position as A Leading Highway and Motorway Maintenance Company
Steel Rebar Market Projected to be Resilient During 2017-2025 Reports Persistence Market Research
CIMIC's CPB Contractors Awarded Sydney Metro Works
CIMIC's Thiess Awarded $195 Million Yallourn Mining Extension
Turner-PCL Begins Expansion of San Diego International Airport
CIMICís CPB Contractors Wins Nz$ 82m Baypark to Bayfair Upgrade
CIMIC's Sedgman Wins $107M Base Metals Project
CIMICíS Leighton Asia Awarded A $436M Building Contract

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Intrinsic Executive Search Ltd





 
  ©2017 Newswire Today ó Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)