Japan Automated Parking System Market Size & Outlook
Japan automated parking system market, 2018-2030 (US$M)
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Japan automated parking system market highlights
- The Japan automated parking system market generated a revenue of USD 140.9 million in 2023 and is expected to reach USD 476.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 19% 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 140.9 million |
| Market revenue in 2030 | USD 476.0 million |
| Growth rate | 19% (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, Japan accounted for 6.6% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 83.68% in 2023. Horizon Databook has segmented the Japan automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is known for its breakthrough innovations and technology integrations across the public infrastructure, traffic systems, and transportation systems (including automated parking systems).
The Japanese government promotes sustainable urban development and smart city initiatives aimed at reducing traffic congestion and enhancing urban mobility. For instance, in August 2023, the Japanese government collaborated with the German government for the development of an international standard for automated valet parking systems.
The Japan Parking Association, in collaboration with 19 regional parking associations, incorporates diverse activities in line with the country’s parking policies. These policies also include activities aimed at reducing traffic congestion in the country.
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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 Japan automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into Japan automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan automated parking system market size, by component, 2018-2030 (US$M)
Japan Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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