Automated Parking System Market: By Automation level, By System Type, By Parking Level, By End user and Region Forecast 2019-2030

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Automated Parking System Market Size, Share, Growth, Trends, and Global Industry Analysis: By Automation level (Semi-Automated, Fully Automated), By System Type (Hardware, Software), By Parking Level (Less than Level 5, Level 5-10, More than Level 15), By End user (Commercial, Residential, Mixed-use) and Region Forecast 2019-2030

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Automated Parking System Market size was valued at US$ 1,923.5 million in 2023 and grew at 16.4% CAGR over the historical years (2019 - 2023). The Market is projected to reach US$ 5,735.5 million by 2030 at a CAGR of 17%. The desire for a higher standard of living and increased economic situations among customers are driving up demand for residential space in high-rise, luxury buildings with improved parking systems. Automated parking system adoption has been made easier by design advances in garages and parking spaces. Furthermore, the need for automatic parking systems is being driven by the city's fast expanding population and the scarcity of available spaces, particularly in public areas. 

Automated Parking System Market Key Developments

  • In February 2023, A strategic partnership was established between BMW and Valeo to collaborate on the development of the upcoming Level 4 autonomous parking technology. Based on sensors and automobile technology, the system offers automatic deploy assistance up to level 4 automated valet parking. Additionally, the businesses work together on infrastructure-based services that allow fully automated parking and charging at venues and parking lots that are open to the public.
  • In January 2023, The Indian airport at Thiruvananthapuram International has installed a completely automated parking system. According to airport authorities, this technology is a major improvement in terms of vehicle security, passenger safety, and general convenience of the airport experience.

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Automated Parking System Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

17%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Automated Parking System Market Dynamics

The implementation of cutting-edge and creative automated parking systems is being driven by increased investments in infrastructure development worldwide. The increased number of commercial and residential buildings because of fast urbanization, combined with expanding knowledge of automated parking systems among real estate developers, is driving them to incorporate automated parking systems into their projects.

In addition, the increased demand for the cars among the population owing to rising disposable income and growing desire for personal computing solutions is encouraging the implementation of automated parking systems around the globe. Furthermore, automatic parking systems can help to minimize fuel consumption and pollution while also saving time, as a significant amount of time and fuel is lost while searching for a suitable parking space. However, Manufacturers have considerable hurdles due to the lack of regulation for monitoring the operation of these systems, as well as quality control issues.

Automated Parking System Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1,923.5 million

Market Size in 2030

US$ 5,735.5 million

Market CAGR

17%

By Automation Level

  • Semi-Automated
  • Fully Automated

By System Level

  • Hardware
  • Software

By Parking

  • Less than Level 5
  • Level 5-10
  • More than Level 15

By End User

  • Commercial
  • Residential
  • Mixed-use

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The automated parking system market report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.

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Frequently Asked Questions

The global automated parking system market size was valued at US$ 1,923.5 million in 2023 and is poised to grow at 16.4% CAGR from 2024-2030.

The rapid urbanization and growing number of commercial and residential buildings across the globe is boosting the adoption of automated parking systems.

The implementation of cutting-edge and creative automated parking systems is being driven by increased investments in infrastructure development worldwide.

Market research is segmented based on automation level, system type, parking level, end use, and region.

Europe is estimated to have highest share with the highest CAGR over the forecast period.

1.Executive Summary
2.Global Automated Parking System Market Introduction 
2.1.Global Automated Parking System Market  - Taxonomy
2.2.Global Automated Parking System Market  - Definitions
2.2.1.Automation Level
2.2.2.System Level
2.2.3.Parking
2.2.4.End User
2.2.5.Region
3.Global Automated Parking System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Automated Parking System Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Automated Parking System Market  By Automation Level, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Semi-Automated
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Fully Automated
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Automated Parking System Market  By System Level, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Hardware
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Software
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Automated Parking System Market  By Parking, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Less than Level 5
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Level 5-10
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. More than Level 15
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Automated Parking System Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Commercial
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Residential
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Mixed-use
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Automated Parking System Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Automated Parking System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Automation Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Semi-Automated
10.1.2.Fully Automated
10.2.  System Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Hardware
10.2.2.Software
10.3.  Parking Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Less than Level 5
10.3.2.Level 5-10
10.3.3.More than Level 15
10.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Commercial
10.4.2.Residential
10.4.3.Mixed-use
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Automated Parking System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Automation Level Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Semi-Automated
11.1.2.Fully Automated
11.2.  System Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Hardware
11.2.2.Software
11.3.  Parking Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Less than Level 5
11.3.2.Level 5-10
11.3.3.More than Level 15
11.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Commercial
11.4.2.Residential
11.4.3.Mixed-use
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Automated Parking System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Automation Level Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Semi-Automated
12.1.2.Fully Automated
12.2.  System Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Hardware
12.2.2.Software
12.3.  Parking Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Less than Level 5
12.3.2.Level 5-10
12.3.3.More than Level 15
12.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Commercial
12.4.2.Residential
12.4.3.Mixed-use
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Automated Parking System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Automation Level Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Semi-Automated
13.1.2.Fully Automated
13.2.  System Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Hardware
13.2.2.Software
13.3.  Parking Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Less than Level 5
13.3.2.Level 5-10
13.3.3.More than Level 15
13.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Commercial
13.4.2.Residential
13.4.3.Mixed-use
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Automated Parking System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Automation Level Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Semi-Automated
14.1.2.Fully Automated
14.2.  System Level Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Hardware
14.2.2.Software
14.3.  Parking Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Less than Level 5
14.3.2.Level 5-10
14.3.3.More than Level 15
14.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Commercial
14.4.2.Residential
14.4.3.Mixed-use
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Skyline Parking AG
15.2.2.Parkmatic
15.2.3.AutoMotion Parking Systems
15.2.4.Robotic Parking Systems, Inc.
15.2.5.Westfalia Parking
15.2.6.Unitronics
15.2.7.Klaus Multiparking GmbH
15.2.8.City Lift Parking, LLC
15.2.9.Park Plus Inc.
15.2.10.Wohr Parking System Pvt. Ltd.
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Skyline Parking AG
  • Parkmatic
  • AutoMotion Parking Systems
  • Robotic Parking Systems, Inc.
  • Westfalia Parking
  • Unitronics
  • Klaus Multiparking GmbH
  • City Lift Parking, LLC
  • Park Plus Inc.
  • Wohr Parking System Pvt. Ltd.

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