Automated Parking System Market Report 2025

This Automated Parking System market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The automated parking system market size has grown rapidly in recent years. It will grow from $2.34 billion in 2024 to $2.63 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to space constraints in urban areas, environmental and sustainability concerns, traffic congestion alleviation, safety and security enhancement, adoption in high-density areas.

The automated parking system market size is expected to see rapid growth in the next few years. It will grow to $4.96 billion in 2029 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to rise in electric vehicles (EVs), consumer demand for convenience, smart city integration, sustainable urban development. Major trends in the forecast period include urbanization and space constraints, traffic congestion and accessibility, technological advancements, safety and security.

The rise in high-rise buildings is anticipated to drive the growth of the automated parking system market in the future. High-rise buildings are defined as structures that range from 75 to 491 feet in height. The automated parking systems integrated into these high-rise buildings are designed to endure earthquakes, incorporate safety features, and support pallets beneath vehicles. For example, in July 2022, the Building Safety Programme Monthly Data Release report published by GOV.UK, a UK government website, noted that by the end of July 2022, 95% (462) of all identified high-rise residential and publicly owned buildings in England had either completed or initiated remediation work. Thus, the growth of high-rise structures is contributing to the expansion of the automated parking system market.

The burgeoning demand for passenger cars is set to be a substantial catalyst for the expansion of the automated parking system market. These systems, integrated into passenger vehicles, heighten convenience and safety by adeptly maneuvering cars into parking spaces autonomously, reducing reliance on drivers and alleviating parking-related stress. Recent statistics from July 2023 by the Society of Motor Manufacturers and Traders demonstrate a noteworthy surge in sales. Honda Motor Co., Ltd. witnessed a 14. 75% growth, with sales rising from 1,678 units in 2022 to 1,925 units in 2023. Similarly, Nissan Motor Co. Ltd. experienced a remarkable 30. 57% sales increase, reaching 6,087 units in 2023 from 4,662 in 2022. Moreover, the European Automobile Manufacturers Association reported a global production of over 68 million passenger cars in 2022, marking a 7. 9% increase from the previous year. Hence, the escalating demand for passenger cars significantly propels the automated parking system market's growth trajectory.

Leading companies in the automated parking system market are concentrating on creating innovative solutions, such as advanced automated parking systems (AAPS), to improve parking efficiency and maximize space utilization. An advanced automated parking system (AAPS) is a highly sophisticated solution that automates the entire parking and vehicle retrieval process. For example, in August 2024, Veer Savarkar International Airport, located in India, launched an Advanced Automated Parking System (AAPS) to enhance the parking experience for travelers. This cutting-edge system includes sensor-based boom barriers for automatic vehicle management, CCTV surveillance for security, and automatic ticket dispensers to simplify the ticketing process. Designed to minimize manual intervention and ensure transparent parking fees, the AAPS will also feature time-stamping at key locations for improved accuracy.

Major players within the automated parking system market are intensifying their efforts towards introducing sophisticated parking solutions like the Mobis Parking System (MPS) to secure a competitive advantage. The MPS stands as an all-encompassing and pioneering parking solution leveraging cutting-edge technology and data analytics to optimize parking management while enhancing the overall user experience. Hyundai Mobis, a South Korea-based automotive firm, launched the MPS in September 2023, employing ultrasonic sensors and surround-view monitor cameras to gauge the vehicle's positioning and generate a map, enabling seamless autonomous parking with a single touch. Furthermore, the MPS features a Memory Parking Assist (MPA) function that memorizes the parking process during the initial parking phase in learning mode, facilitating subsequent hassle-free parking at the same location with a simple button press. This innovative system excels in identifying parking lines and executing autonomous parking, even within unoccupied parking spaces lacking nearby vehicles.

In May 2024, Junction Industries, a US-based holding company located in Fort Worth, acquired Skyline Parking Company for an undisclosed sum. This acquisition is intended to broaden Junction Industries' portfolio of automated vehicle storage solutions and meet the increasing demand for advanced parking systems in urban development. Skyline Parking, a provider of automated parking solutions based in Switzerland, enhances parking efficiency by optimizing space and enhancing the user experience through innovative technology.

Major companies operating in the automated parking system market include Westfalia Technologies Inc., Unitronics Systems Inc., Klaus Multiparking Systems Pvt Ltd., Robotic Parking Systems Inc., City Lift Parking LLC, Wohr Parking System Pvt Ltd., Lodige Industries GmbH, ShinMaywa Industries Ltd., Skyline Parking AG, Dayang Parking Co. Ltd., Eito & Global Inc., FATA Automation Inc., ParkPlus Inc., Robopark Inc., Parkmatic Systems Inc., Smart Parking Solutions Inc., Serva Transport Systems GmbH, Park Assist LLC, Amano McGann Inc., IHI Corporation, Omnitec Group, MHE-Demag (S) Pte Ltd, T2 Systems Inc., U-TRON Electronics Co. Ltd., TADA Technologies Pte Ltd, U-ParkIt Solutions LLC, UbiPark Pty Ltd, Umojo Inc.

An automated parking system is a facility consisting of multiple rooms designed for storing and retrieving vehicles without the need for a driver's presence. This system enables the transportation of vehicles from the entrance to their designated parking space autonomously. The primary purpose of an automated parking system is to efficiently stack vehicles vertically, optimizing space usage.

The main components of automated parking systems include hardware and software. Hardware refers to the tangible components of the computer system that store and execute the written instructions provided by the software. Different types of structures in automated parking systems include AGV system, silo system, tower system, rail-guided cart (RGC) system, puzzle system, and shuttle system. Platforms can be palleted or non-palleted, and automation levels can range from fully automated to semi-automated. End-users of automated parking systems include residential, commercial, and mixed-use establishments.

The automated parking systems market research report is one of a series of new reports that provides automated parking systems market statistics, including automated parking systems industry global market size, regional shares, competitors with an automated parking systems market share, detailed automated parking systems market segments, market trends and opportunities, and any further data you may need to thrive in the automated parking systems industry. This automated parking systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Western Europe was the largest region in the automated parking system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated parking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automated parking system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automated parking system market consists of revenues earned by entities by providing conveyor, crane system and shuttle. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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