The Asia Pacific Automated Parking System Market would witness market growth of 18.0% CAGR during the forecast period (2023-2030).
Within the dynamic field of transportation and urbanization, the market arises as a revolutionary force that fundamentally alters the understanding and engagement with parking infrastructure. As cities expand, population densities rise, and the demand for efficient land use intensifies, traditional parking solutions face challenges that demand innovative alternatives. Automated parking systems (APS), driven by advanced technologies, represent a paradigm shift in urban mobility, offering a blend of space optimization, sustainability, and seamless user experience.
Additionally, the adoption of automated parking systems reflects the growing need for intelligent, space-efficient solutions in urban environments. Traditional parking facilities, characterized by sprawling lots and multi-level structures, are increasingly incompatible with the limited space available in densely populated urban areas. As cities grapple with congestion, pollution, and the imperative for sustainability, APS emerges as a viable solution, optimizing available space and aligning with the broader goals of smart city initiatives.
Many Indian cities face challenges related to inadequate parking infrastructure to accommodate the growing number of vehicles. Automated parking systems can be a practical solution to make the most efficient use of available land. As per the data published in the report titled THE AUTOMOBILE SECTOR IN INDIA, released in 2023 by the Government of India, in the automotive industry of India, passenger vehicles comprised 18% of the market in 2021-22, while two-wheelers held a market share of 77%. Sales of passenger vehicles are dominated by compact and midsize vehicles. Thus, increasing vehicle numbers in Asia Pacific will help expand the regional market.
The China market dominated the Asia Pacific Automated Parking System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $508.5 million by 2030. The Japan market is experiencing a CAGR of 17.2% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 18.7% during (2023 - 2030).
Based on Component, the market is segmented into Hardware and Software. Based on Platform Type, the market is segmented into Palleted and Non-Palleted. Based on Automation Level, the market is segmented into Fully Automated and Semi-Automated. Based on End Use, the market is segmented into Commercial, Residential and Mixed-Use. Based on Structure Type, the market is segmented into Tower System, Puzzle System, Silo System, AGV System, Shuttle System, and Rail Guided Cart (RGC) System. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Skyline Parking, Westfalia Technologies, Inc., Unitronics (1989) (R”G) Ltd, KLAUS Multiparking GmbH, Robotic Parking Systems Inc., Park Plus, Inc., WOHR Autoparksysteme GmbH, Parkmatic, and EITO&GLOBAL INC.
Within the dynamic field of transportation and urbanization, the market arises as a revolutionary force that fundamentally alters the understanding and engagement with parking infrastructure. As cities expand, population densities rise, and the demand for efficient land use intensifies, traditional parking solutions face challenges that demand innovative alternatives. Automated parking systems (APS), driven by advanced technologies, represent a paradigm shift in urban mobility, offering a blend of space optimization, sustainability, and seamless user experience.
Additionally, the adoption of automated parking systems reflects the growing need for intelligent, space-efficient solutions in urban environments. Traditional parking facilities, characterized by sprawling lots and multi-level structures, are increasingly incompatible with the limited space available in densely populated urban areas. As cities grapple with congestion, pollution, and the imperative for sustainability, APS emerges as a viable solution, optimizing available space and aligning with the broader goals of smart city initiatives.
Many Indian cities face challenges related to inadequate parking infrastructure to accommodate the growing number of vehicles. Automated parking systems can be a practical solution to make the most efficient use of available land. As per the data published in the report titled THE AUTOMOBILE SECTOR IN INDIA, released in 2023 by the Government of India, in the automotive industry of India, passenger vehicles comprised 18% of the market in 2021-22, while two-wheelers held a market share of 77%. Sales of passenger vehicles are dominated by compact and midsize vehicles. Thus, increasing vehicle numbers in Asia Pacific will help expand the regional market.
The China market dominated the Asia Pacific Automated Parking System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $508.5 million by 2030. The Japan market is experiencing a CAGR of 17.2% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 18.7% during (2023 - 2030).
Based on Component, the market is segmented into Hardware and Software. Based on Platform Type, the market is segmented into Palleted and Non-Palleted. Based on Automation Level, the market is segmented into Fully Automated and Semi-Automated. Based on End Use, the market is segmented into Commercial, Residential and Mixed-Use. Based on Structure Type, the market is segmented into Tower System, Puzzle System, Silo System, AGV System, Shuttle System, and Rail Guided Cart (RGC) System. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Skyline Parking, Westfalia Technologies, Inc., Unitronics (1989) (R”G) Ltd, KLAUS Multiparking GmbH, Robotic Parking Systems Inc., Park Plus, Inc., WOHR Autoparksysteme GmbH, Parkmatic, and EITO&GLOBAL INC.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
By Platform Type
- Palleted
- Non-Palleted
By Automation Level
- Fully Automated
- Semi-Automated
By End Use
- Commercial
- Residential
- Mixed-Use
By Structure Type
- Tower System
- Puzzle System
- Silo System
- AGV System
- Shuttle System
- Rail Guided Cart (RGC) System
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Skyline Parking
- Westfalia Technologies, Inc.
- Unitronics (1989) (R”G) Ltd
- KLAUS Multiparking GmbH
- Robotic Parking Systems Inc.
- Park Plus, Inc.
- WOHR Autoparksysteme GmbH
- Parkmatic
- EITO&GLOBAL INC.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Automated Parking System Market by Component
Chapter 5. Asia Pacific Automated Parking System Market by Platform Type
Chapter 6. Asia Pacific Automated Parking System Market by Automation Level
Chapter 7. Asia Pacific Automated Parking System Market by End Use
Chapter 8. Asia Pacific Automated Parking System Market by Structure Type
Chapter 9. Asia Pacific Automated Parking System Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Skyline Parking
- Westfalia Technologies, Inc.
- Unitronics (1989) (R”G) Ltd
- KLAUS Multiparking GmbH
- Robotic Parking Systems Inc.
- Park Plus, Inc.
- WOHR Autoparksysteme GmbH
- Parkmatic
- EITO&GLOBAL INC.
Methodology
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