Global Automated Parking System Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Automated Parking System Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Component (Hardware, and Software), Structure Type (AGV system, Silo system, Tower system, Rail Guided Cart (RGC) system, Puzzle system, and Shuttle system), Platform Type (Palleted, and Non-palleted), Automation Level (Fully automated, and Semi-automated), End Use (Residential, Commercial, and Mixed-use), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Automated Parking System Market was valued at USD 2,285.5 million in 2023 and is expected to reach USD 8,417.7 million by 2031 while growing at a CAGR of 17.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global automated parking system market growth. An Automated Parking System (APS) optimizes vehicle parking using technology and automation, replacing manual navigation with robotics and sensors. Its main aim is efficient space utilization, crucial in densely populated urban areas with limited land.
Ongoing advancements in automation, sensor technologies, and robotics, along with environmental considerations, propel the growth of the automated parking system market. However, obstacles like high initial costs, technical challenges, and reliability concerns may impede further market expansion.
Furthermore, the global automated parking system industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Component Analysis
The Global Automated Parking System Market is segmented among Hardware, and Software, based on Component. In 2023, Hardware accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Structure Type Analysis
The Global Automated Parking System Market is segmented among AGV system, Silo system, Tower system, Rail Guided Cart (RGC) system, Puzzle system, and Shuttle system, based on Structure Type. In 2023, Tower system accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Automated Parking System Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Skyline Parking AG, Westfalia Parking, Unitronics, Klaus Multiparking GmbH, Robotic Parking Systems, Inc., City Lift Parking, LLC, Park Plus Inc., Wohr Parking System Pvt. Ltd., Parkmatic, and AutoMotion Parking Systems.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Automated Parking System Market Dynamics
Drivers
Restraints
Opportunity
4. Global Automated Parking System Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Automated Parking System Market Segmentation, By Component
Global Automated Parking System Market Share Analysis, By Component
Global Automated Parking System Market Growth Analysis, By Component
Global Automated Parking System Market Trends, By Component
o Hardware
o Software
6. Global Automated Parking System Market Segmentation, By Structure Type
Global Automated Parking System Market Share Analysis, By Structure Type
Global Automated Parking System Market Growth Analysis, By Structure Type
Global Automated Parking System Market Trends, By Structure Type
o AGV system
o Silo system
o Tower system
o Rail Guided Cart (RGC) system
o Puzzle system
o Shuttle system
7. Global Automated Parking System Market Segmentation, By Platform Type
Global Automated Parking System Market Share Analysis, By Platform Type
Global Automated Parking System Market Growth Analysis, By Platform Type
Global Automated Parking System Market Trends, By Platform Type
o Palleted
o Non-palleted
8. Global Automated Parking System Market Segmentation, By Automation Level
Global Automated Parking System Market Share Analysis, By Automation Level
Global Automated Parking System Market Growth Analysis, By Automation Level
Global Automated Parking System Market Trends, By Automation Level
o Fully automated
o Semi-automated
9. Global Automated Parking System Market Segmentation, By End Use
Global Automated Parking System Market Share Analysis, By End Use
Global Automated Parking System Market Growth Analysis, By End Use
Global Automated Parking System Market Trends, By End Use
o Residential
o Commercial
o Mixed-use
10. Global Automated Parking System Market Segmentation, By Region
Global Automated Parking System Market Share Analysis, By Region
Global Automated Parking System Market Growth Analysis, By Region
Global Automated Parking System Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
11. Competitive Landscape
Skyline Parking AG*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Westfalia Parking
Unitronics
Klaus Multiparking GmbH
Robotic Parking Systems, Inc
City Lift Parking, LLC
Park Plus Inc
Wohr Parking System Pvt. Ltd
Parkmatic
AutoMotion Parking Systems
*Similar analysis will be provided for each company listed above.
