North America Automated Parking System Market Size & Outlook
North America automated parking system market, 2018-2030 (US$M)
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North America automated parking system market highlights
- The North America automated parking system market generated a revenue of USD 495.1 million in 2023.
- The market is expected to grow at a CAGR of 17.5% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 495.1 million |
| Market revenue in 2030 | USD 1,528.7 million |
| Growth rate | 17.5% (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, North America region accounted for 23.3% 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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North America 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 83.6% in 2023. Horizon Databook has segmented the North America automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The North American region accounted for a majority market share of 23.3% of the global automated parking system market in 2023.
The demand for automated parking systems is increasing in North America owing to the rising emphasis of governments on improving the transportation and parking infrastructure across the region to tackle the rising challenges of vehicle congestion, parking difficulties, and limited parking spaces.
Many cities across North America also face challenges related to the limited available space for parking infrastructure. Automated parking systems offer a solution by maximizing parking capacity within smaller footprints.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automated parking system market , including forecasts for subscribers. This continent databook contains high-level insights into North America automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America automated parking system market size, by country, 2018-2030 (US$M)
North America Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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