U.S. Automated Parking System Market Size & Outlook
U.S. automated parking system market, 2018-2030 (US$M)
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U.S. automated parking system market highlights
- The U.S. automated parking system market generated a revenue of USD 434.5 million in 2023 and is expected to reach USD 1,331.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.4% 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.
Automated parking system market data book summary
| Market revenue in 2023 | USD 434.5 million |
| Market revenue in 2030 | USD 1,331.9 million |
| Growth rate | 17.4% (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, U.S. accounted for 20.4% 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 North America, U.S. automated parking system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 196.8 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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U.S. 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 83.71% in 2023. Horizon Databook has segmented the U.S. automated parking system market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. automated parking system market has experienced significant growth in recent years, driven by the increasing need for efficient parking solutions across densely populated cities in the country.
With the growing population in cities, the demand for automated parking systems that can minimize vehicle congestion, improve parking space utilization, and digitally integrate parking systems into other transportation mediums has increased significantly.
According to a report by the International Parking Institute, the U.S. boasts an estimated ratio of approximately two parking spaces for every registered vehicle.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. automated parking system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automated parking system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automated parking system market size, by component, 2018-2030 (US$M)
U.S. Automated Parking System Market Outlook Share, 2023 & 2030 (US$M)
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