Australia Automated Parking System Market Size & Outlook
Australia automated parking system market, 2018-2030 (US$M)
Related Markets
Australia automated parking system market highlights
- The Australia automated parking system market generated a revenue of USD 57.1 million in 2023 and is expected to reach USD 202.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 19.9% 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.
Automated parking system market data book summary
| Market revenue in 2023 | USD 57.1 million |
| Market revenue in 2030 | USD 202.8 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.7% of the global automated parking system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 412.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Automated Parking System Market Scope
Automated Parking System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 74.78% in 2023. Horizon Databook has segmented the Australia automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The growing number of smart city projects being pursued across Australia is driving the adoption of automated parking systems and traffic management systems.
In the ever-expanding urban landscapes, traffic congestion and parking issues, among other challenges, are increasingly becoming evident, necessitating the use of advanced technologies to develop more efficient parking systems.
Australia is experiencing rapid urbanization, with a significant share of its population residing in major cities such as Sydney, Melbourne, Brisbane, and Perth. Residential and commercial developers in the region are incorporating automated parking systems in their structures to deal with parking issues.
Reasons to subscribe to Australia automated parking system market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia automated parking system market databook
-
Our clientele includes a mix of automated parking system market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into Australia automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia automated parking system market size, by component, 2018-2030 (US$M)
Australia Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
