China Automated Parking System Market Size & Outlook
The automated parking system market in China is expected to reach a projected revenue of US$ 939.8 million by 2030. A compound annual growth rate of 18.1% is expected of China automated parking system market from 2024 to 2030.
Revenue, 2023 (US$M)
$292.6
Forecast, 2030 (US$M)
$939.8
CAGR, 2024 - 2030
18.1%
Report Coverage
China
China automated parking system market, 2018-2030 (US$M)
Related Markets
China automated parking system market highlights
- The China automated parking system market generated a revenue of USD 292.6 million in 2023 and is expected to reach USD 939.8 million by 2030.
- The China market is expected to grow at a CAGR of 18.1% 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 292.6 million |
| Market revenue in 2030 | USD 939.8 million |
| Growth rate | 18.1% (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, China accounted for 13.8% 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.
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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 |
|---|
China 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 84.55% in 2023. Horizon Databook has segmented the China automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
- China Automated Parking System Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- China 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
- China Automated Parking System Platform Type Outlook (Revenue, USD Million, 2018-2030)
- Palleted
- Non-palleted
- China Automated Parking System Automation Level Outlook (Revenue, USD Million, 2018-2030)
- Fully Automated
- Semi-automated
- China Automated Parking System End-Use Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Mixed Use
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Target buyers of China 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 country-level data and insights on the China automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into China automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China automated parking system market size, by component, 2018-2030 (US$M)
China Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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