Brazil Automated Parking System Market Size & Outlook
Brazil automated parking system market, 2018-2030 (US$M)
Related Markets
Brazil automated parking system market highlights
- The Brazil automated parking system market generated a revenue of USD 22.6 million in 2023 and is expected to reach USD 64.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 16.1% 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 22.6 million |
| Market revenue in 2030 | USD 64.1 million |
| Growth rate | 16.1% (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, Brazil accounted for 1.1% 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 Latin America, Brazil automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 60.4 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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Brazil 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 84.96% in 2023. Horizon Databook has segmented the Brazil automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as growing urban population, rising disposable income, and increasing number of vehicles are expected to augment the market growth. According to The World Bank, in 2022, around 88% of the total Brazilian population lived in urban areas.
The Brazilian government has been pursuing various public-private partnerships to strengthen the country’s transportation system and build a modern infrastructure addressing the growing challenges associated with traffic congestion, scarcity of parking spaces, and aging transportation infrastructure.
Furthermore, Sao Paulo, Brazil, has scrapped the minimum parking regulations. By reducing the span of dedicated parking spaces around transit corridors, the initiative is aimed at reducing traffic and encouraging the adoption of automated parking systems and public transport.
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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 country-level data and insights on the Brazil automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automated parking system market size, by component, 2018-2030 (US$M)
Brazil Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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