Parking market size in India | Insights, Trends & Growth Analysis 2025

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA10189

Publication Date: Oct 2025

What is the growth rate of the India Parking Market?

According to 6Wresearch internal database and industry insights, the India Parking Market is expected to grow at a CAGR of 8.6% during 2025-2031.

The key drivers of this expansion are the growth in urbanisation, the creation of an efficient and affordable parking solution, and the increase in the deployment of smart parking solutions. The expansion is also being driven by an increase in the number of vehicles and increased government initiatives to modernise the parking experience.

Growth Factors for India Parking Industry

Increasing urban population and car ownership in cities across India
Demand for smart parking solutions from tech-savvy customers
Government initiatives and initiatives that help develop infrastructure
Growth in the real estate sector - notably commercial real estate, where parking is important
Increase in the adoption of electric vehicles, creating new parking demands

India Parking Market Trends

The India Parking market is experiencing several important trends, such as the growing adoption of automated and smart parking, due to the need to use space efficiently and conveniently. Smart technologies include the use of sensors, mobile apps and real-time tracking to support customer parking needs. The development of multi-level parking structures/resorts and electric charging stations are also emerging as important trends. Sustainability and energy efficiency are emerging as more relevant trends for market participants; i.e., sustainable design and hybrid energy and electric solutions.

Emerging Developments in the India Parking Market

Emerging developments in the India Parking market include the rise of intelligent parking management systems that leverage IoT and AI technologies for enhanced operational efficiency. The shift toward automation and digitalization is driving the creation of user-friendly platforms that provide real-time information and seamless payment options. Increased investments in infrastructure, particularly in tier 2 and tier 3 cities, are also enhancing parking accessibility and convenience.