Asia Pacific Automated Parking System Market Size & Outlook
Asia Pacific automated parking system market, 2018-2030 (US$M)
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Asia Pacific automated parking system market highlights
- The Asia Pacific automated parking system market generated a revenue of USD 711.2 million in 2023.
- The market is expected to grow at a CAGR of 19.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 711.2 million |
| Market revenue in 2030 | USD 2,443.4 million |
| Growth rate | 19.3% (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 |
| Key market players worldwide | Unitronics, Skyline Parking, KLAUS Multiparking, Robotic Parking Systems, City Lift Parking, Wöhr, Parkmatic, Automated Parking Solutions, Park Plus |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.5% of the global automated parking system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,443.4 million by 2030.
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Automated Parking System Market Scope
Automated Parking System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 82.59% in 2023. Horizon Databook has segmented the Asia Pacific automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to grow at the highest CAGR of 20.4% over the forecast period. This can be attributed to the huge population and prevalence of vehicle parking on the roads.
According to the Asian Development Bank, as of 2022, Central and West Asia accounted for 39.5% of the urban population, East Asia accounted for 65.9% of the urban population, and South Asia accounted for 35.8% of the urban population.
Moreover, various smart city projects are introduced to enhance citizen services. These projects help curb challenges associated with transit, infrastructure, and connectivity & utilities and reinforce the expansion of the market for automated parking systems.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automated parking system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automated parking system market size, by country, 2018-2030 (US$M)
Asia Pacific Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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