Automated Parking System Market Size & Share, by Automation (Semi-Automated, Fully Automated); Type (Rotary, Puzzle, Shuttle, Tower); End-user (Residential, Commercial, Mixed) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4605
  • Published Date: Sep 06, 2023
  • Report Format: PDF, PPT
  1. An Outline of the Automated Parking System Market
    1. Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market size estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/drivers impacting the growth of the market
    2. Market trends for better business practices
  6. Key Market Opportunities for Business Growth
  7. Major Roadblocks for the Market Growth
  8. Government Regulations
  9. Industry Risk Analysis
  10. Industry Value Chain Analysis
  11. Competitive Model: A Detailed Inside View for Investors
    1. Market Share Analysis, 2022
    2. Business Profiles of Key Enterprises
      1. Westfalia Technologies Inc.
      2. Unitronics (U-Tron)
      3. WÖHR Autoparksysteme GmbH
      4. Skyline Parking AG (Fehr Lagerlogistik AG)
      5. Klaus Multiparking GmbH
      6. Park Plus, Inc.
      7. Parkmatic
      8. Swiss-Park GmbH
  12. Global Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Global Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
        1. Semi-Automated, 2022-2035F (USD Million)
        2. Fully-Automated, 2022-2035F (USD Million)
      2. Global Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
        1. Rotary, 2022-2035F (USD Million)
        2. Puzzle, 2022-2035F (USD Million)
        3. Shuttle, 2022-2035F (USD Million)
        4. Tower, 2022-2035F (USD Million)
      3. Global Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
        1. Residential, 2022-2035F (USD million)
        2. Commercial, 2022-2035F (USD million)
        3. Mixed, 2022-2035F (USD million)
      4. Global Automated Parking System Market Demand Outlook & Projections, Market Performance by Geography, 2022 to 2035
        1. Market Overview
        2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
        3. Year-on-Year (Y-o-Y) Growth Comparative Analysis
          1. North America, 2022-2035F (USD Million)
          2. Latin America, 2022-2035F (USD Million)
          3. Europe, 2022-2035F (USD Million)
          4. Asia Pacific, 2022-2035F (USD Million)
          5. Middle East & Africa, 2022-2035F (USD Million)
  13. North America Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. North America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
        1. Semi-Automated, 2022-2035F (USD Million)
        2. Fully-Automated, 2022-2035F (USD Million)
      2. North America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
        1. Rotary, 2022-2035F (USD Million)
        2. Puzzle, 2022-2035F (USD Million)
        3. Shuttle, 2022-2035F (USD Million)
        4. Tower, 2022-2035F (USD Million)
      3. North America Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
        1. Residential, 2022-2035F (USD million)
        2. Commercial, 2022-2035F (USD million)
        3. Mixed, 2022-2035F (USD million)
      4. North America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Country, 2022-2035
        1. United States, 2022-2035F (USD Million)
        2. Canada, 2022-2035F (USD Million)
  14. Europe Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Europe Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
      2. Europe Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
      3. Europe Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      4. Europe Automated Parking System Market Outlook & Projections, Opportunity Assessment by Country, 2022-2035
        1. UK, 2022-2035F (USD Million)
        2. Germany, 2022-2035F (USD Million)
        3. France, 2022-2035F (USD Million)
        4. Italy, 2022-2035F (USD Million)
        5. Spain, 2022-2035F (USD Million)
        6. Hungary, 2022-2035F (USD Million)
        7. Belgium, 2022-2035F (USD Million)
        8. Netherlands & Luxembourg, 2022-2035F (USD Million)
        9. NORDIC (Finland, Sweden, Norway, Denmark), 2022-2035F (USD Million)
        10. Ireland, 2022-2035F (USD Million)
        11. Switzerland, 2022-2035F (USD Million)
        12. Austria, 2022-2035F (USD Million)
        13. Poland, 2022-2035F (USD Million)
        14. Turkey, 2022-2035F (USD Million)
        15. Russia, 2022-2035F (USD Million)
        16. Rest of Europe, 2022-2035F (USD Million)
  15. Asia Pacific Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Asia Pacific Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
      2. Asia Pacific Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
      3. Asia Pacific Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      4. Asia Pacific Automated Parking System Market Outlook & Projections, Opportunity Assessment by Country, 2022-2035
        1. China, 2022-2035F (USD Million)
        2. India, 2022-2035F (USD Million)
        3. Japan, 2022-2035F (USD Million)
        4. South Korea, 2022-2035F (USD Million)
        5. Singapore, 2022-2035F (USD Million)
        6. Indonesia, 2022-2035F (USD Million)
        7. Malaysia, 2022-2035F (USD Million)
        8. Australia, 2022-2035F (USD Million)
        9. New Zealand, 2022-2035F (USD Million)
        10. Rest of Asia Pacific, 2022-2035F (USD Million)
  16. Latin America Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Latin America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
      2. Latin America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
      3. Latin America Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      4. Latin America Automated Parking System Market Outlook & Projections, Opportunity Assessment by Country, 2022-2035
        1. Brazil, 2022-2035F (USD Million)
        2. Mexico, 2022-2035F (USD Million)
        3. Argentina, 2022-2035F (USD Million)
        4. Rest of Latin America, 2022-2035F (USD Million)
  17. Middle East & Africa Automated Parking System Market Demand Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. Middle East & Africa Automated Parking System Market Outlook & Projections, Opportunity Assessment by Automation, 2022-2035
      2. Middle East & Africa Automated Parking System Market Outlook & Projections, Opportunity Assessment by Type, 2022-2035
      3. Middle East & Africa Automated Parking System Market Outlook & Projections, Opportunity Assessment by End User, 2022-2035
      4. Middle East & Africa Automated Parking System Market Outlook & Projections, Opportunity Assessment by Country, 2022-2035
        1. Israel, 2022-2035F (USD Million)
        2. GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), 2022-2035F (USD Million)
        3. North Africa, 2022-2035F (USD Million)
        4. South Africa, 2022-2035F (USD Million)
        5. Rest of Middle East & Africa, 2022-2035F (USD Million)

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Automated Parking System Market size is poised to reach USD 9.47 billion by the end of 2035, growing at a CAGR of 14.06% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of automated parking system was USD 1.73 billion. The market is expected to grow on the back of a growing number of vehicles worldwide, requiring better, space-efficient parking solutions. According to research, around 2000 million cars are expected to be present globally by the end of the next decade. With better income and living standards than before, people are purchasing personal vehicles, many in the form of cars.

In automatic parking systems, automobiles are stacked vertically or in a planned manner to save space. These distinctive systems’ designs make it possible to move cars from the entry to their parking spot without the driver being there. This helps save space and allows both horizontal and vertical spaces to be used efficiently, as there is no human involvement. With growing pressure on cities and parking systems, automatic parking systems help save up more space and allow more vehicles to be stored. Automated parking systems can save up to 50% of parking space when used correctly.


Automated Packagimg System Market Overview
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Automated Parking System Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~14.06%

Base Year Market Size (2022)

~ USD 1.73 Billion

Forecast Year Market Size (2035)

~ USD 9.47 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automated Parking System Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Rate of Urbanization Across the World - With cities expanding and rural landscapes disappearing, urbanization is rapidly happening across the world. It will be followed by a growing number of residential and commercial buildings, all of which need efficient parking systems. According to the UN, from 55% in 2018, 68% of the world population is expected to live in urban environments
  • Decreasing Parking Space in Cities ~ With tremendous pressure on roads and high emission rates, along with charting out land for residences, offices and other development projects, parking spaces in cities are rapidly declining. China, one of the countries with most vehicles in the world was short of at least 51 million parking spaces, according to research.
  • Growing World Population - According to the UN, the population of the world is projected to rise by 2 billion people during the next 30 years, from 7.7 billion people today to 9.7 billion in 2050, with a potential peak of approximately 11 billion people around the year 2100.
  • Need for Sustainable Solutions - According to research, American people spend about 20 hours per year looking for a place to park their cars. Carbon emissions increased from 34.7 billion tons in 2020 to 36.5 billion metric tons in 2021. Governments around the world are looking for eco-friendly solutions to mitigate their carbon emissions, and automated parking systems can help by reducing the fuel emissions produced while searching for a spot and parking a vehicle

Challenges

  • High Initial Cost of Installation - The cost of initial installation of these parking systems is high which emerges as a challenge for the market. These systems use advanced technology features which are usually of high cost, thereby raising the final price of the product. Owing to this, many developing and under-developed countries, are not able to plan out to deploy such parking systems.
  • Greater Concern for Mechanical and Electrical Failures
  • Constant Cost and Effort Required in Maintenance


Automated Parking System Segmentation

Automation (Semi-Automated, Fully Automated)

The fully automated segment in the automated parking system market is expected to attain at CAGR of 14.24% during the forecast period. Fully automated parking systems are in increasing demand in developing economies owing to their advantages over semi-automated alternatives, including higher efficiency, increased capacity, lower emission, and improved safety & and convenience. For instance, Kuwait's Al Jahra has the biggest automated parking facility in the world, with over 2,300 parking spaces.

End User (Residential, Commercial, Mixed)

Automated parking system market from the commercial segment is expected to grow at a significant CAGR of 14.31 % over the forecast period. The growth of this segment is accounted for by an increase in demand for parking management in shopping malls, stadiums, and commercial buildings, among others. Moreover, an increase in the development of buildings & luxury projects is expected to create incremental growth opportunities for the market in the coming years.   

Our in-depth analysis of the global market includes the following segments:

          Automation

  • Semi-automated
  • Fully-automated

          Type

  • Rotary
  • Puzzle
  • Shuttle
  • Tower

          End User

  • Residential
  • Commercial
  • Mixed

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Automated Parking System Industry- Regional Synopsis

European Market Forecast

The Europe automated parking system market is projected to surpass USD 2.81 billion by the end of 2035. This is owing to the fact that the European Union has implemented policies to improve traffic, parking, and pollution such as the Action Plan on Urban Mobility, 2009. The increase in the initiative for building smart cities and increasing demand from residential and commercial buildings will offer significant growth to the market in the region. In these nations, automated parking technologies are widely used to conserve space and cut down on vehicle emissions while parking. The existence of smart parking has driven both the public and private sector to incorporate automated parking systems in their space.

APAC Market Statistics

The Asia Pacific automated parking system market is expected to witness growth at a CAGR of 15.67% during the forecast period. This can be seen owing to the high population and the existence of vehicle parking on roads. Asia is home to 40% of the world's population, highly populated countries such as India and China. Also, many smart city development projects are being initiated for citizens. The development of an automated parking system is also a part of this initiative. Mostly the government of the region runs these programs towards making smart cities in order to derive benefits from this infrastructure.

Research Nester
Automated Packagimg System Market Region
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Companies Dominating the Automated Parking System Landscape

top-features-companies

          Robotic Parking Systems, Inc.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Unitronics (U-Tron)
    • WÖHR Autoparksysteme GmbH
    • Skyline Parking AG (Fehr Lagerlogistik AG)
    • Klaus Multiparking GmbH
    • Park Plus, Inc.
    • Parkmatic
    • Cleverciti Systems GmbH
    • T2 Systems, Inc.

In-the-news

In The News

  • T2 Systems, Inc. launched a frictionless parking access and revenue control solution called T2 Velocity which combines LPR, transitory payments, permit enforcements, and collections into a single, integrated, gateless system.
  • Westfalls Technologies Inc. launched its parking app, an all-encompassing customer parking solution, that will improve efficiency, safety, and simplicity in automated parking facilities.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4605
  • Published Date: Sep 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Decreasing parking space, increasing population, rising number of vehicles, and demand for sustainable solution are the major factors driving the market growth.

The market size of automated parking system is anticipated to attain a CAGR of ~14.06% over the forecast period, i.e., 2023 - 2035.

The major players in the market are Unitronics (U-Tron), WÖHR Autoparksysteme GmbH, Skyline Parking AG (Fehr Lagerlogistik AG), Klaus Multiparking GmbH, Park Plus, Inc., Parkmatic, Cleverciti Systems GmbH, T2 Systems, Inc., and Robotic Parking Systems, Inc.

The fully-automated segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Automated Parking System Market Report Scope
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