Product Code: ETC13212288 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automated Parking System Market was valued at USD 4.7 Billion in 2024 and is expected to reach USD 7.1 Billion by 2031, growing at a compound annual growth rate of 7.10% during the forecast period (2025-2031).
The Global Automated Parking System Market is experiencing significant growth due to the increasing urbanization and the need for efficient parking solutions in congested urban areas. Automated parking systems offer benefits such as space optimization, reduced carbon emissions, and improved parking efficiency compared to traditional parking methods. The market is driven by factors such as the rising number of vehicles, limited parking spaces, and technological advancements in the automotive industry. Key players in the market are focusing on innovation and strategic partnerships to enhance their market presence and cater to the growing demand for automated parking solutions. North America and Europe are currently leading the market, but Asia-Pacific is expected to witness rapid growth in the coming years due to the increasing adoption of smart city initiatives and the growing urban population.
The Global Automated Parking System Market is experiencing rapid growth due to increasing urbanization, limited parking spaces, and the need for efficient parking solutions. The trend towards smart cities and sustainable urban development is driving the adoption of automated parking systems, which offer space-saving benefits and reduced environmental impact. Additionally, advancements in technology such as IoT integration, AI algorithms, and robotic automation are enhancing the efficiency and convenience of automated parking systems. Opportunities in the market lie in the development of innovative and cost-effective solutions, expansion into emerging markets, and partnerships with real estate developers and urban planners to integrate automated parking systems into new construction projects. Overall, the Global Automated Parking System Market is poised for significant growth and transformation in the coming years.
One of the key challenges in the Global Automated Parking System Market is the high initial costs associated with implementing automated parking solutions. The installation of automated parking systems requires significant investment in technology, infrastructure, and customization to suit specific requirements, making it a barrier for many potential buyers. Additionally, the complexity of these systems can lead to maintenance issues and technical glitches, requiring specialized expertise for troubleshooting and repairs. Furthermore, the lack of standardized regulations and guidelines for automated parking systems across different regions poses a challenge for vendors in terms of compliance and market expansion. Overcoming these challenges will require industry players to focus on cost-effective solutions, robust maintenance strategies, and collaboration with regulatory bodies to establish common standards.
The Global Automated Parking System Market is primarily driven by the increasing urbanization and limited space availability for traditional parking solutions. The growing need for efficient utilization of space in urban areas has led to the adoption of automated parking systems, which offer higher parking capacity in a smaller footprint compared to conventional parking structures. Additionally, the rising demand for improved convenience, safety, and security in parking facilities is fueling the market growth. Advancements in technology, such as the integration of IoT and AI capabilities in automated parking systems, are further driving market expansion by enhancing operational efficiency and user experience. Moreover, government initiatives to reduce traffic congestion and promote sustainable urban development are expected to drive the adoption of automated parking solutions globally.
Government policies related to the Global Automated Parking System Market vary by country, with some regions implementing supportive regulations to promote the adoption of automated parking systems. For instance, in the United States, federal and state governments provide incentives such as tax credits and grants to encourage the installation of automated parking systems, aiming to reduce traffic congestion and optimize land use. In Europe, countries like Germany and the Netherlands have stringent environmental regulations that drive the demand for sustainable parking solutions. Additionally, some Asian countries like Japan and South Korea have introduced smart city initiatives that include automated parking systems as part of their urban planning strategies. Overall, government policies play a crucial role in shaping the market dynamics and fostering innovation in the automated parking system industry.
The Global Automated Parking System Market is anticipated to witness substantial growth in the coming years due to the increasing urbanization, rising demand for efficient parking solutions, and advancements in technology. Automated parking systems offer benefits such as space optimization, reduced emissions, and enhanced security, driving their adoption in commercial and residential spaces. The market is expected to be fueled by the growing need for smart infrastructure solutions in crowded urban areas to address parking challenges. Additionally, the integration of IoT, AI, and cloud computing technologies in automated parking systems is projected to further propel market growth. With a focus on sustainability and convenience, the Global Automated Parking System Market is forecasted to expand significantly in the foreseeable future.
The Global Automated Parking System Market shows varying trends across different regions. Asia Pacific is experiencing rapid growth due to increasing urbanization and the need for efficient parking solutions in densely populated cities. North America is a mature market with a high adoption rate of automated parking systems, driven by technological advancements and sustainability initiatives. Europe is also a key market, particularly in countries like Germany and the UK, where strict regulations on emissions and congestion have led to the implementation of automated parking solutions. In the Middle East and Africa region, countries like UAE and South Africa are investing in smart city infrastructure, creating opportunities for automated parking systems. Latin America is seeing gradual adoption, mainly in urban centers like Sao Paulo and Mexico City, as the need for space-efficient parking solutions rises.
Global Automated Parking System Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Automated Parking System Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automated Parking System Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automated Parking System Market - Industry Life Cycle |
3.4 Global Automated Parking System Market - Porter's Five Forces |
3.5 Global Automated Parking System Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automated Parking System Market Revenues & Volume Share, By Automation Level, 2021 & 2031F |
3.7 Global Automated Parking System Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.8 Global Automated Parking System Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.9 Global Automated Parking System Market Revenues & Volume Share, By Design Model, 2021 & 2031F |
3.10 Global Automated Parking System Market Revenues & Volume Share, By Platform Type, 2021 & 2031F |
3.11 Global Automated Parking System Market Revenues & Volume Share, By Parking Level, 2021 & 2031F |
4 Global Automated Parking System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automated Parking System Market Trends |
6 Global Automated Parking System Market, 2021 - 2031 |
6.1 Global Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automated Parking System Market, Revenues & Volume, By Semi-automated, 2021 - 2031 |
6.1.3 Global Automated Parking System Market, Revenues & Volume, By Fully-automated, 2021 - 2031 |
6.2 Global Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automated Parking System Market, Revenues & Volume, By Hardware, 2021 - 2031 |
6.2.3 Global Automated Parking System Market, Revenues & Volume, By Software, 2021 - 2031 |
6.3 Global Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automated Parking System Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.3.3 Global Automated Parking System Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.3.4 Global Automated Parking System Market, Revenues & Volume, By Mixed-use, 2021 - 2031 |
6.4 Global Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Automated Parking System Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.4.3 Global Automated Parking System Market, Revenues & Volume, By Electro-mechanical, 2021 - 2031 |
6.5 Global Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Automated Parking System Market, Revenues & Volume, By Palleted, 2021 - 2031 |
6.5.3 Global Automated Parking System Market, Revenues & Volume, By Non-palleted, 2021 - 2031 |
6.6 Global Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
6.6.1 Overview & Analysis |
6.6.2 Global Automated Parking System Market, Revenues & Volume, By Less than Level 5, 2021 - 2031 |
6.6.3 Global Automated Parking System Market, Revenues & Volume, By Level 5-Level 10, 2021 - 2031 |
6.6.4 Global Automated Parking System Market, Revenues & Volume, By More than Level 15, 2021 - 2031 |
7 North America Automated Parking System Market, Overview & Analysis |
7.1 North America Automated Parking System Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
7.4 North America Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
7.5 North America Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
7.6 North America Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
7.7 North America Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
7.8 North America Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
8 Latin America (LATAM) Automated Parking System Market, Overview & Analysis |
8.1 Latin America (LATAM) Automated Parking System Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
8.4 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
8.5 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
8.6 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
8.7 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
8.8 Latin America (LATAM) Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
9 Asia Automated Parking System Market, Overview & Analysis |
9.1 Asia Automated Parking System Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
9.4 Asia Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
9.5 Asia Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
9.6 Asia Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
9.7 Asia Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
9.8 Asia Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
10 Africa Automated Parking System Market, Overview & Analysis |
10.1 Africa Automated Parking System Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
10.4 Africa Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
10.5 Africa Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
10.6 Africa Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
10.7 Africa Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
10.8 Africa Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
11 Europe Automated Parking System Market, Overview & Analysis |
11.1 Europe Automated Parking System Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
11.4 Europe Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
11.5 Europe Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
11.6 Europe Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
11.7 Europe Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
11.8 Europe Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
12 Middle East Automated Parking System Market, Overview & Analysis |
12.1 Middle East Automated Parking System Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automated Parking System Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automated Parking System Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automated Parking System Market, Revenues & Volume, By Automation Level, 2021 - 2031 |
12.4 Middle East Automated Parking System Market, Revenues & Volume, By System Type, 2021 - 2031 |
12.5 Middle East Automated Parking System Market, Revenues & Volume, By End-User, 2021 - 2031 |
12.6 Middle East Automated Parking System Market, Revenues & Volume, By Design Model, 2021 - 2031 |
12.7 Middle East Automated Parking System Market, Revenues & Volume, By Platform Type, 2021 - 2031 |
12.8 Middle East Automated Parking System Market, Revenues & Volume, By Parking Level, 2021 - 2031 |
13 Global Automated Parking System Market Key Performance Indicators |
14 Global Automated Parking System Market - Export/Import By Countries Assessment |
15 Global Automated Parking System Market - Opportunity Assessment |
15.1 Global Automated Parking System Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automated Parking System Market Opportunity Assessment, By Automation Level, 2021 & 2031F |
15.3 Global Automated Parking System Market Opportunity Assessment, By System Type, 2021 & 2031F |
15.4 Global Automated Parking System Market Opportunity Assessment, By End-User, 2021 & 2031F |
15.5 Global Automated Parking System Market Opportunity Assessment, By Design Model, 2021 & 2031F |
15.6 Global Automated Parking System Market Opportunity Assessment, By Platform Type, 2021 & 2031F |
15.7 Global Automated Parking System Market Opportunity Assessment, By Parking Level, 2021 & 2031F |
16 Global Automated Parking System Market - Competitive Landscape |
16.1 Global Automated Parking System Market Revenue Share, By Companies, 2024 |
16.2 Global Automated Parking System Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |