- Semi-Automated
- Fully Automated
Automated Parking System Market size was valued at USD 1,923.5 million in 2023 and grew at 16.4% CAGR over the historical years (2019 - 2023). The Automated Parking System Market is projected to reach USD 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.
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
By Automation Level
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
Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Automated Parking System Market was valued at USD 1,923.5 million in 2023 and is projected to reach USD 5,735.5 million by 2030, growing at a CAGR of 17 %.
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.
Key Features of the Reports
- 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.
| 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 |
- 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.