Automated Parking System Market To Reach $6.66 Billion By 2030

Automated Parking System Market Growth & Trends

The global automated parking system market size is expected to reach USD 6.66 billion in 2030 and is projected to grow at a CAGR of 19.9% from 2025 to 2030. The number of on-road vehicles has increased exponentially across major countries and has given rise to traffic congestion and parking space problems. This has resulted in the emergence of automated parking systems. Moreover, an automated solution improves convenience for vehicle owners or drivers by automatically parking the vehicles at a vacant spot available in the system. Additionally, increasing traffic congestion and inadequate parking space availability in the cities are driving the market growth.

The expansion of the infrastructure drives the marketplace for an automated parking system, along with the growing number of luxury and high-rise buildings and rising support from government bodies. Owing to these benefits, the demand for automated parking systems is anticipated to extend in residential and commercial buildings. Moreover, smart city initiatives across several countries are also driving the demand for advanced and smart automated solutions to reduce parking and pollution problems, the local public faces.

However, the rising number of vehicles of varying sizes in urban areas challenges the growth of the market. Moreover, the high initial investment is required for construction and maintenance per parking space in smart facilities, which increases the initial maintenance and operating costs of these spaces, which could also hinder the growth. However, the growing number of luxury and high-rise buildings, rising support from government bodies, and the increasing willingness of developers drive the marketplace for an automated parking system. Furthermore, the expansion of the infrastructure industry is expected to supply tremendous opportunities for installing an automated parking system in under-construction and newly constructing buildings.

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Automated Parking System Market Report Highlights

• The hardware components contribute to the most significant share of the entire cost of the automated parking system. As a result, the hardware segment accounted for the largest share of 81.9% in 2024

• The tower system segment held the largest market share in 2024. These systems are the most efficient as they save significant horizontal space and take full advantage of the vertical space in a parking facility. Thereby, the segment is anticipated to register significant growth over the forecast period

• The palleted segment dominated the market in 2024. These solutions simplify the movement of vehicles in the parking space as the vehicles cannot be moved or lifted without the driver.

• The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Increasing vehicle fleet, coupled with the low availability of spaces, is anticipated to create significant demand for automated parking systems in the region

Automated Parking System Market Segmentation

Grand View Research has segmented the global automated parking system market report based on component, structure type, platform type, automation level, end use, and region.

Automated Parking System Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

• Software

Automated Parking System Structure Type Outlook (Revenue, USD Million, 2018 - 2030)

• AGV system

• Silo system

• Tower system

• Rail Guided Cart (RGC) system

• Puzzle system

• Shuttle system

Automated Parking System Platform Type Outlook (Revenue, USD Million, 2018 - 2030)

• Palleted

• Non-palleted

Automated Parking System Automation Level Outlook (Revenue, USD Million, 2018 - 2030)

• Fully Automated

• Semi-automated

Automated Parking System EndUse Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Mixed-use

Automated Parking System Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players in Automated Parking System Market

• Skyline Parking AG

• Westfalia Technologies, Inc.

• Unitronics

• Klaus Multiparking GmbH

• Robotic Parking Systems, Inc.

• City Lift Parking, LLC

• Park Plus Inc.

• Wohr Parking System Pvt. Ltd.

• Parkmatic

• AutoMotion Parking Systems