Core Insights - The automated parking systems market is projected to nearly double in value from USD 4.31 billion in 2025 to USD 8.37 billion by 2032, with a compound annual growth rate (CAGR) of 10.0% [2] - The global electric vehicle (EV) market is expected to grow from USD 892.63 billion in 2025 to USD 2,131.89 billion by 2032, at a CAGR of 13.2% [3] - Charging Robotics Inc. is positioned to leverage its wireless charging technology integrated into robotic parking facilities, aiming to become a key player in sustainable urban mobility [1][4] Automated Parking Systems Market - The commercial segment is driving the growth of the automated parking market, fueled by urbanization and the demand for space-efficient systems [2] - The need to reduce congestion and emissions, along with the integration of smart technologies, is propelling the adoption of automated parking solutions [2] Electric Vehicle Market - Government incentives, decreasing battery costs, and rising consumer demand for eco-friendly transport are key factors driving the growth of the EV market [3] - EVs are anticipated to dominate urban fleets and personal vehicles, highlighting the urgency for advanced charging infrastructure [3] Charging Robotics Developments - Charging Robotics installed its first wireless EV charging system in an automated parking facility in Israel in April 2025, showcasing hands-free charging capabilities [4] - The company secured an expanded purchase order from Parking Design Ltd. in January 2026, indicating strong demand for its systems [4] - The integration of AI and machine learning in Charging Robotics' solutions enhances efficiency by enabling dynamic charging prioritization [4] CEO Insights - The CEO of Charging Robotics emphasized the transformative opportunity presented by the evolution of automated parking and EVs for urban sustainability [5] - The company's focus on scalable, AI-enhanced wireless technology positions it for significant impact in the market [5]
As Rapid Growth in Automated Parking Accelerates, Charging Robotics Is Well Positioned for the Future Urban EV Ecosystem
Globenewswire·2026-01-21 14:30