Global Automated Parking System Market Growth Analysis 2024, Forecast To 2033
14 Feb, 2024
In the realm of automated parking systems, the market size has swiftly expanded from $2.11 billion in 2023 to $2.39 billion in 2024, boasting a 13.4% CAGR. Historical growth is attributed to challenges in urban spaces, environmental concerns, traffic congestion alleviation, safety enhancements, and adoption in high-density areas. Future projections indicate a robust growth trajectory, surging to $4.18 billion in 2028, with a 15.0% CAGR. Factors fueling this expansion include the rise in electric vehicles, consumer demands for convenience, smart city integration, and sustainable urban development.
Global Automated Parking System Market Key Driver
The automated parking system market is set to grow with the increase in high-rise structures. High-rise buildings integrating automated parking systems enhance earthquake resistance and safety. Anarock's research reveals a growing trend, with 60% of residential projects being high-rise in 2022, driving the automated parking system market.
Get A Free Sample Of The Global Automated Parking System Market ReportGlobal Automated Parking System Market Segments
The automated parking system market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Structure Type: AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
3) By Platform: Palleted, Non-Palleted
4) By Automation Level: Fully Automated, Semi Automated
5) By End Use: Residential, Commercial, Mixed Use
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Western Europe was the largest region in the automated parking system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated parking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automated Parking System Industry Players
Westfalia Technologies Inc.; Unitronics Systems Inc.; Klaus Multiparking Systems Pvt Ltd.; Robotic Parking Systems Inc.; City Lift Parking LLC; Wohr Parking System Pvt Ltd.; Lodige Industries GmbH; ShinMaywa Industries Ltd.; Skyline Parking AG; Dayang Parking Co. Ltd.; Eito & Global Inc.; FATA Automation Inc.; ParkPlus Inc.; Robopark Inc.; Parkmatic Systems Inc.; Smart Parking Solutions Inc.; Serva Transport Systems GmbH; Park Assist LLC; Amano McGann Inc.; IHI Corporation; Omnitec Group; MHE-Demag (S) Pte Ltd; T2 Systems Inc.; U-TRON Electronics Co. Ltd.; TADA Technologies Pte Ltd; U-ParkIt Solutions LLC; UbiPark Pty Ltd; Umojo Inc.
Get The Full Global Automated Parking System Market Report
Automated Parking System Market Overview
An automated parking system refers to a system that consists of several rooms for storing and retrieving vehicles. With the help of this system, vehicles can be transported from the entrance to their parking space without the presence of a driver. The automated parking system is used to stack vehicles vertically to limit space.
Automated Parking System Global Market Report 2023 provides data on the global automated parking system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automated parking system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.