Automated Parking Systems Market size was valued at US$ 1.82 Bn. in 2023 and the total revenue is expected to grow at 15.2% of CAGR through 2024 to 2030, reaching nearly US$ 4.90 Bn.

Automated Parking Systems Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Automated Parking Systems Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Automated Parking Systems market, with forecasts outspreading to the year 2030.

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Automated Parking Systems Market Scope and Methodology:

The Automated Parking Systems market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Automated Parking Systems market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Automated Parking Systems Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Automated Parking Systems Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

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Automated Parking Systems Market Regional Insights:

The automated parking systems market exhibits significant regional variations, driven by urbanization, technological adoption, and infrastructure development. In North America, the market is growing steadily, with major cities in the United States and Canada adopting these systems to address urban congestion and limited parking spaces. The region's focus on smart city initiatives and sustainable urban development, along with a high rate of car ownership, fuels this growth. Europe is also a key market, particularly in countries like Germany, the UK, and France, where advanced automotive technology integration and stringent environmental regulations are prominent. European cities are increasingly utilizing automated parking systems to optimize space utilization and reduce emissions.

Automated Parking Systems Market Segmentation:

by Automation Level

Semi-automated
Fully-automated

The segment with the highest revenue share of over CAGR in 2023 was entirely automated. One kind of automated parking system that resembles robotic valet parking is a completely automated system. The car must be driven by the driver until it reaches the APS entry area. All passengers and the driver must get out of the vehicle. The ticket is given to the driver once they pay at a nearby automated terminal.

by Platform Type

Palleted
Non-palleted

By CAGR in 2023, the palletized segment led the market for automated parking systems. These techniques facilitate easier mobility of vehicles inside the parking area since cars cannot be lifted or moved without the driver. These parking options are anticipated to rise in the future as more individuals choose to work from home since they increase vehicle security, enhance the urban environment, and offer higher parking densities than traditional parking lots. Because these solutions don't call for accommodations the size of cars, transportation procedures become simpler.

by Component

Handwear
Software

Based on components, the market for automated parking systems is split into hardware and software categories. The hardware category, which comprises pucks, cameras & LPRs, smart meters, signs, and parking gates, dominates the market for smart parking systems. On-street parking commonly makes use of smart meters and cameras. The increasing demand for on-street parking in cities has resulted in a broad adoption of hardware. Since most people leave their cars parked for several hours, governments are installing more equipment and cameras on the road to manage traffic flow, which is driving up the popularity of smart parking systems. A fresh example of how Sony's IMX500 sensors—which are backed by AI processing—are at the core of three "smart city" trials in Rome, Italy was unveiled by the company in July 2022.

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Automated Parking Systems Market Key Players:

1. Parkmatic (US)
2. Robotic Parking Systems, Inc. (US)
3. AutoMotion Parking Systems (US)
4. CityLift (US)
5. DESIGNA (US)
6. Parking Systems (US)
7. FATA Automation (US)
8. Park Plus Inc. (US)
9. T2 Systems Inc. (US)
10.U-Tron (US)
11.Parkmatic (US)
12.Klaus Multiparking GmbH (Germany)
13.Cleverciti Systems GmbH (Germany)
14.Westfalia (Germany)
15.Wohr (Germany)
16.SKIDATA GmbH (Germany)
17.Palisa Automatic Parking GmbH & Co. KG (Germany)
18.Skyline Parking AG (Switzerland)
19.Dayand Parking Co., Ltd. (China)
20.Eito & Global Inc. (Japan)
21.Amano Corporation (Japan)
22.Unitronics (Israel)

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Key questions answered in the Automated Parking Systems Market are:

• What is Automated Parking Systems?
• What was the Automated Parking Systems market size in 2023?
• What is the growth rate of the Automated Parking Systems Market?
• Which are the factors expected to drive the Automated Parking Systems market growth?
• What is the CAGR at which the Automated Parking Systems market will grow during the forecast period?
• What are the different segments of the Automated Parking Systems Market?
• Which is the fastest growing region in the Automated Parking Systemsmarket?
• What growth strategies are the players considering to increase their presence in Automated Parking Systems?
• What are the upcoming opportunities and trends for the Automated Parking Systems Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Parking Systems Market?
• Who are the leading companies and what are their portfolios in Automated Parking Systems Market?
• What segments are covered in the Automated Parking Systems Market?
• Who are the key players in the Automated Parking Systems market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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