Mexico Automated Parking System Market Size & Outlook
Mexico automated parking system market, 2018-2030 (US$M)
Related Markets
Mexico automated parking system market highlights
- The Mexico automated parking system market generated a revenue of USD 17.2 million in 2023 and is expected to reach USD 60.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 19.6% 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 17.2 million |
| Market revenue in 2030 | USD 60.4 million |
| Growth rate | 19.6% (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, Mexico accounted for 0.8% 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 Latin America, Brazil automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 60.4 million by 2030.
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Automated Parking System Market Scope
Automated Parking System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 73.26% in 2023. Horizon Databook has segmented the Mexico automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The growing population and the continued urbanization have increased the demand for efficient and intelligent transportation systems that can help manage the growing number of vehicles.
Furthermore, factors such as strong demand potential, increasing adoption of smart devices, and increased investments in the digitalization of transport infrastructure in Mexico are expected to contribute to the growth of the country’s automated parking system market growth.
Furthermore, rapid urbanization and population growth in urban areas across Mexico are driving the demand for efficient parking solutions. As cities become more densely populated, the need for space-efficient parking options increases, leading to the adoption of automated parking systems.
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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 Mexico automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automated parking system market size, by component, 2018-2030 (US$M)
Mexico Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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