Germany Automated Parking System Market Size & Outlook
Germany automated parking system market, 2018-2030 (US$M)
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Germany automated parking system market highlights
- The Germany automated parking system market generated a revenue of USD 151.5 million in 2023 and is expected to reach USD 421.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 15.8% 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 151.5 million |
| Market revenue in 2030 | USD 421.7 million |
| Growth rate | 15.8% (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, Germany accounted for 7.1% 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 Europe, Germany automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 411.8 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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Germany 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 81.98% in 2023. Horizon Databook has segmented the Germany automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The German automated parking system market is expected to grow at a CAGR of 16.8% over the forecast period. Government initiatives such as smart cities, coupled with the growing number of vehicles on the road, are anticipated to contribute to the demand for parking and traffic management solutions in Germany.
According to the Germany Federal Motor Vehicle Office, the country witnessed a 19.1% Y-o-Y in the registrations of passenger cars in January 2024 compared to the previous year. The rise in the number of on-road vehicles, coupled with the availability of limited parking, is expected to drive the demand for automated parking systems.
Furthermore, German companies are at the forefront of developing advanced automated parking solutions that leverage robotics, sensors, and artificial intelligence to optimize parking operations and enhance user experience.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into Germany automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany automated parking system market size, by component, 2018-2030 (US$M)
Germany Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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