Europe Automated Parking System Market Size & Outlook
Europe automated parking system market, 2018-2030 (US$M)
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Europe automated parking system market highlights
- The Europe automated parking system market generated a revenue of USD 717.2 million in 2023.
- The market is expected to grow at a CAGR of 16% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 717.2 million |
| Market revenue in 2030 | USD 2,027.7 million |
| Growth rate | 16% (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, Europe region accounted for 33.7% 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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Europe 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 82.22% in 2023. Horizon Databook has segmented the Europe automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for the largest revenue share of 33.7% in 2023. The growing initiatives for the development of smart cities and the growing demand from commercial and residential buildings are expected to provide opportunities for the growth of the market in the region.
The adoption of automated parking systems is also high in these countries to save space and reduce vehicle emissions while parking the car.
The presence of technologically advanced infrastructure has further encouraged the public and private sectors to adopt automated solutions for eliminating parking problems. The European commission is working with its member states, industry players, and public authorities to develop a standard solution for the effective integration of automated parking systems and intelligent traffic management systems into the existing infrastructure.
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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 continent-level data and insights on the Europe automated parking system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automated parking system market size, by country, 2018-2030 (US$M)
Europe Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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