Global Automated Parking System Market Size & Outlook
The automated parking system industry worldwide is expected to reach a projected revenue of US$ 6,655.9 million by 2030. A compound annual growth rate of 17.7% is expected of the worldwide automated parking system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,125.8
Forecast, 2030 (US$M)
$6,655.9
CAGR, 2024 - 2030
17.7%
Report Coverage
Worldwide
Global automated parking system market, 2018-2030 (US$M)
Related Markets
Global automated parking system market highlights
- The global automated parking system market generated a revenue of USD 2,125.8 million in 2023 and is expected to reach USD 6,655.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 17.7% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 1,750.0 million in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,125.8 million |
| Market revenue in 2030 | USD 6,655.9 million |
| Growth rate | 17.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
Other key industry trends
- In terms of revenue, the North America accounted for 23.3% of the global automated parking system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 421.7 million by 2030.
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Automated Parking System Market Scope
Automated parking system market segmentation & scope
AVG System
Silo System
Tower System
Rail Guided Cart (RGC) System
Puzzle System
Rotary System
Automated Parking System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automated parking system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated parking system market will help companies and investors design strategic landscapes.
hardware was the largest segment with a revenue share of 82.32% in 2023. Horizon Databook has segmented the Global automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automated Parking System Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Global Automated Parking System Structure Type Outlook (Revenue, USD Million, 2018-2030)
- AVG System
- Silo System
- Tower System
- Rail Guided Cart (RGC) System
- Puzzle System
- Rotary System
- Global Automated Parking System Platform Type Outlook (Revenue, USD Million, 2018-2030)
- Palleted
- Non-palleted
- Global Automated Parking System Automation Level Outlook (Revenue, USD Million, 2018-2030)
- Fully Automated
- Semi-automated
- Global Automated Parking System End-Use Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Mixed Use
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Target buyers of Global automated parking system market databook
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Our clientele includes a mix of automated parking system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automated parking system market , including forecasts for subscribers. This global databook contains high-level insights into Global automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automated parking system market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Automated parking system market size, 2023 (USD Million)
Top 10 countries: Automated parking system market size, 2023 (USD Million)
Global automated parking system market, by region, 2023 (US$M)
Related regional statistics
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