UK Automated Parking System Market Size & Outlook
UK automated parking system market, 2018-2030 (US$M)
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UK automated parking system market highlights
- The UK automated parking system market generated a revenue of USD 126.8 million in 2023 and is expected to reach USD 411.8 million by 2030.
- The UK market is expected to grow at a CAGR of 18.3% 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 126.8 million |
| Market revenue in 2030 | USD 411.8 million |
| Growth rate | 18.3% (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, UK accounted for 6.0% 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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UK 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 UK automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. has a high level of urbanization, with a significant share of its population residing in densely populated urban areas. As cities become more crowded, the demand for efficient parking solutions increases.
Many cities in the U.K., especially London, face constraints in available land for parking infrastructure. According to the British Parking Association, the average person in the U.K. spends around four days per year looking for parking spaces, with around 17% of people using an application to find parking spots.
As cities across the country seek innovative solutions to address urban mobility challenges and create more sustainable environments, the automated parking system market is expected to witness growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into UK automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automated parking system market size, by component, 2018-2030 (US$M)
UK Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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