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Automated Parking Systems Market

Global Automated Parking Systems Market Size, Growth, Forecast: By Component: Hardware, Software; By Structure: AGV (Automated Guided Vehicles), Rail Guided Cart (RGC) System, Silo System, Others; By Platform; By Automation Level; By Parking Level; By Design Model; By End-Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Automated Parking Systems Market Outlook

The global automated parking systems market size was approximately USD 2.10 billion in 2023. The market is estimated to grow at a CAGR of 15.4% in the forecast period of 2024-2032, reaching a value of around USD 7.63 billion by 2032.

 

Key Trends in the Market

An automated car parking system is an automated system that facilitates the parking of cars on multiple levels by utilising technologies like IoT. The cars are stacked on various vertical levels, which reduces land utilisation and decreases the walking distance from the parking facility.

 

  • Automated parking lots can accommodate more driverless vehicles as compared to traditional parking facilities while reducing traffic congestion and illegal parking occupancy. They also improve customer experience and enable users to save fuel and time and optimally find empty spaces.
  • Another crucial automated parking systems market trend is the growing implementation of advanced technologies, such as high-end sensors, advanced parking meters, and data analytics, among others, in automated parking systems to easily book parking slots and inform drivers about the occupancy status of the parking lot.
  • Several government initiatives and stringent regulations to boost the development of smart cities are expected to further fuel the automated parking systems market growth in the coming years. Automated parking systems automatically update the parking location and avoid bottlenecks at exits and entrances.

 

Global Analysis

Based on component, the market is divided into hardware and software. On the basis of structure, the market is classified into AGV (Automated Guided Vehicles), rail guided cart (RGC) system, silo system, shuttle system, tower system, and puzzle system.

 

By platform, the market is categorised into palleted and non-palleted. Based on automation level, the market is divided into fully automated and semi-automated. Based on parking level, the market is categorised into less than level 5, level 5-level 10, and more than level 10.

 

On the basis of design model, the market is classified into hydraulic and electro-mechanical. Based on end-use, the automated parking systems market segmentation includes residential, commercial, government parking lots, and mixed-use. The major regional markets for automated parking systems are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automated parking systems market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Robotic Parking Systems, Inc. 
  • Fata Automation, Inc. 
  • Lödige Industries GmbH 
  • ShinMaywa Industries, Ltd. 
  • Park Plus, Inc. 
  • Robotic Parking Systems, Inc.
  • Westfalia Technologies, Inc 
  • Fehr Lagerlogistik AG 
  • Unitronics (1989) (R” G) Ltd.  
  • Other

 

Market Share by Automation Level

Fully automated parking spaces hold a substantial portion of the automated parking systems market share. Fully automated parking lots offer high capacity, better efficiency, reduced fuel emission, and enhanced convenience to drivers.

 

These commercial spaces also offer parking convenience, surge parking flexibility, and reduce construction costs, due to which they are preferred in shopping complexes and malls. Furthermore, fully automated parking facilities reduce land usage and labour costs while providing more compact space for car parking on vertical levels.

 

Market Share by Region

The presence of key players in Europe significantly is driving the automated parking systems market demand. Moreover, there is a rising adoption of automated parking systems in the UK, Denmark, Germany, and Switzerland, among others, to improve parking efficiency, reduce space utilisation, and lower fuel emissions. Various government bodies and commercial spaces are also promoting the implementation of automated parking systems to combat traffic congestion and parking issues.

 

Competitive Landscape

Robotic Parking Systems, Inc., founded in 1994, is an automated parking company that develops large-scale parking garages. The company, with its headquarters in Florida, the United States, provides patented technology for the development of projects involving numerous parking spaces.

 

Lödige Industries GmbH, a global supplier of lift solutions and intralogistics systems, was founded in 1948 and has its headquarters in Walburg, Germany.  It provides logistics systems to a broad range of sectors such as residential, office, and retail.

 

ShinMaywa Industries, Ltd., founded in 1949 and based in Tokyo, Japan, is best known for the manufacturing of aircraft. Some of its other popular products include parking equipment, water treatment equipment, special-purpose trucks, and wire processing systems.

 

Other automated parking systems market players include Fata Automation, Inc, Park Plus, Inc., Robotic Parking Systems, Inc., Westfalia Technologies, Inc, Fehr Lagerlogistik AG, and Unitronics (1989) (R” G) Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Structure
  • Platform
  • Automation Level
  • Parking Level
  • Design Model
  • End-Use
  • Region
Breakup by Component
  • Hardware
  • Software
Breakup by Structure
  • AGV (Automated Guided Vehicles)
  • Rail Guided Cart (RGC) System
  • Silo System
  • Shuttle System
  • Tower System
  • Puzzle System
Breakup by Platform
  • Palleted
  • Non-palleted
Breakup by Automation Level
  • Fully Automated
  • Semi - Automated
Breakup by Parking Level
  • Less than Level 5
  • Level 5- Level 10
  • More than Level 10
Breakup by Design Model
  • Hydraulic
  • Electro-Mechanical
Breakup by End-Use
  • Residential
  • Commercial
  • Government Parking Lots
  • Mixed-Use
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robotic Parking Systems, Inc. 
  • Fata Automation, Inc. 
  • Lödige Industries GmbH 
  • ShinMaywa Industries, Ltd. 
  • Park Plus, Inc. 
  • Robotic Parking Systems, Inc.
  • Westfalia Technologies, Inc 
  • Fehr Lagerlogistik AG 
  • Unitronics (1989) (R” G) Ltd.  
  • Other

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automated Parking Systems Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Automated Parking Systems Historical Market (2018-2023) 
    8.3    Global Automated Parking Systems Market Forecast (2024-2032)
    8.4    Global Automated Parking Systems Market by Component
        8.4.1    Hardware
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Software
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Automated Parking Systems Market by Structure
        8.5.1    AGV (Automated Guided Vehicles)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Rail Guided Cart (RGC) System
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Silo System
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Shuttle System
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Tower System
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Puzzle System
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
    8.6    Global Automated Parking Systems Market by Platform
        8.6.1    Palleted
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Non-palleted
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Automated Parking Systems Market by Automation Level
        8.7.1    Fully Automated
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Semi - Automated
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Automated Parking Systems Market by Parking Level
        8.8.1    Less than Level 5
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Level 5- Level 10
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    More than Level 10
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
    8.9    Global Automated Parking Systems Market by Design Model
        8.9.1    Hydraulic
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Electro-Mechanical
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
    8.10    Global Automated Parking Systems Market by End-Use
        8.10.1    Residential
            8.10.1.1    Historical Trend (2018-2023)
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Commercial
            8.10.2.1    Historical Trend (2018-2023)
            8.10.2.2    Forecast Trend (2024-2032)
        8.10.3    Government Parking Lots
            8.10.3.1    Historical Trend (2018-2023)
            8.10.3.2    Forecast Trend (2024-2032)
        8.10.4    Mixed-Use
            8.10.4.1    Historical Trend (2018-2023)
            8.10.4.2    Forecast Trend (2024-2032)
    8.11    Global Automated Parking Systems Market by Region
        8.11.1    North America
            8.11.1.1    Historical Trend (2018-2023) 
            8.11.1.2    Forecast Trend (2024-2032)
        8.11.2    Europe
            8.11.2.1    Historical Trend (2018-2023) 
            8.11.2.2    Forecast Trend (2024-2032)
        8.11.3    Asia Pacific
            8.11.3.1    Historical Trend (2018-2023) 
            8.11.3.2    Forecast Trend (2024-2032)
        8.11.4    Latin America
            8.11.4.1    Historical Trend (2018-2023) 
            8.11.4.2    Forecast Trend (2024-2032)
        8.11.5    Middle East and Africa
            8.11.5.1    Historical Trend (2018-2023) 
            8.11.5.2    Forecast Trend (2024-2032)
9    North America Automated Parking Systems Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Automated Parking Systems Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Automated Parking Systems Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Automated Parking Systems Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Automated Parking Systems Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles 
        15.2.1    Robotic Parking Systems, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Fata Automation, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Lödige Industries GmbH
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    ShinMaywa Industries, Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Park Plus, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Robotic Parking Systems, Inc. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Westfalia Technologies, Inc
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Fehr Lagerlogistik AG
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Unitronics (1989) (R”G) Ltd.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Automated Parking Systems Market: Key Industry Highlights, 2018 and 2032 
2.    Global Automated Parking Systems Historical Market: Breakup by Component (USD Billion), 2018-2023 
3.    Global Automated Parking Systems Market Forecast: Breakup by Component (USD Billion), 2024-2032 
4.    Global Automated Parking Systems Historical Market: Breakup by Structure (USD Billion), 2018-2023 
5.    Global Automated Parking Systems Market Forecast: Breakup by Structure (USD Billion), 2024-2032 
6.    Global Automated Parking Systems Historical Market: Breakup by Platform (USD Billion), 2018-2023 
7.    Global Automated Parking Systems Market Forecast: Breakup by Platform (USD Billion), 2024-2032 
8.    Global Automated Parking Systems Historical Market: Breakup by Automation Level (USD Billion), 2018-2023 
9.    Global Automated Parking Systems Market Forecast: Breakup by Automation Level (USD Billion), 2024-2032 
10.    Global Automated Parking Systems Historical Market: Breakup by Parking Level (USD Billion), 2018-2023 
11.    Global Automated Parking Systems Market Forecast: Breakup by Parking Level (USD Billion), 2024-2032 
12.    Global Automated Parking Systems Historical Market: Breakup by Design Model (USD Billion), 2018-2023 
13.    Global Automated Parking Systems Market Forecast: Breakup by Design Model (USD Billion), 2024-2032 
14.    Global Automated Parking Systems Historical Market: Breakup by End Use (USD Billion), 2018-2023 
15.    Global Automated Parking Systems Market Forecast: Breakup by End Use (USD Billion), 2024-2032 
16.    Global Automated Parking Systems Historical Market: Breakup by Region (USD Billion), 2018-2023 
17.    Global Automated Parking Systems Market Forecast: Breakup by Region (USD Billion), 2024-2032 
18.    North America Automated Parking Systems Historical Market: Breakup by Country (USD Billion), 2018-2023 
19.    North America Automated Parking Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032 
20.    Europe Automated Parking Systems Historical Market: Breakup by Country (USD Billion), 2018-2023 
21.    Europe Automated Parking Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032 
22.    Asia Pacific Automated Parking Systems Historical Market: Breakup by Country (USD Billion), 2018-2023 
23.    Asia Pacific Automated Parking Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032 
24.    Latin America Automated Parking Systems Historical Market: Breakup by Country (USD Billion), 2018-2023 
25.    Latin America Automated Parking Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032 
26.    Middle East and Africa Automated Parking Systems Historical Market: Breakup by Country (USD Billion), 2018-2023 
27.    Middle East and Africa Automated Parking Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032 
28.    Global Automated Parking Systems Market Structure

Key Questions Answered in the Report

What was the automated parking systems market value in 2023?

In 2023, the market reached an approximate value of USD 2.10 billion.

What is the growth rate of the automated parking systems market?

The market is projected to grow at a CAGR of 15.4% between 2024 and 2032.

What is the forecast outlook of the automated parking systems market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD7.63 billion by 2032.

What are the major market drivers?

The major market drivers are scarcity of parking facilities, increasing number of vehicles, and rapid urbanisation in developing economies.

What are the key trends of the market?

The key trends of the market include increased adoption of fully automated parking lots, the development of advanced technologies such as smart parking meters and sensors, and favourable government initiatives promoting smart cities.

What are the major regional markets for automated parking systems, according to the report?

The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

What are the different automation levels of automated parking systems?

The different automation levels of the product are fully automated and semi-automated.

What are the different parking levels considered in the market report?

The different parking levels considered in the market report include less than level 5, level 5-level 10, and more than level

Who are the key market players, according to the automated parking systems market report?

The key market players are Robotic Parking Systems, Inc., Fata Automation, Inc., Lödige Industries GmbH, ShinMaywa Industries, Ltd., Park Plus, Inc., Robotic Parking Systems, Inc., Westfalia Technologies, Inc, Fehr Lagerlogistik AG, and Unitronics (1989) (R” G) Ltd., among others.

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