Middle East & Africa Automated Parking System Market Size & Outlook
Middle East & Africa automated parking system market, 2018-2030 (US$M)
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MEA automated parking system market highlights
- The MEA automated parking system market generated a revenue of USD 132.3 million in 2023.
- The market is expected to grow at a CAGR of 18.4% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 132.3 million |
| Market revenue in 2030 | USD 432.5 million |
| Growth rate | 18.4% (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, MEA region accounted for 6.2% 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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Middle East & Africa 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 76.95% in 2023. Horizon Databook has segmented the Middle East & Africa automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The strong presence of international market players and the upcoming smart city projects in the MEA region are expected to drive the growth of the automated parking system market. in the region over the forecast period.
In November 2022, the World Bank reported that the MEA region has been witnessing a 3.5% increase in urban population each year.
Factors such as increasing population, rising number of vehicles, high disposable income, and need for sustainable transportation in the MEA region are expected to drive the automated parking system market growth.
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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 Middle East & Africa automated parking system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA automated parking system market size, by country, 2018-2030 (US$M)
Middle East & Africa Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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