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PUBLISHER: Grand View Research | PRODUCT CODE: 1511949
PUBLISHER: Grand View Research | PRODUCT CODE: 1511949
U.S. Automated Parking System Market Size, Share & Trends Analysis Report By Component, By Structure Type, By Platform, By Automation Level, By End-use And Segment Forecasts, 2024 - 2030
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U.S. Automated Parking System Market Growth & Trends:
The U.S. automated parking system market size is anticipated to reach USD 1,332 million by 2030 and is expected to grow at a CAGR of 18.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Automated parking systems are increasingly recognized as a transformative solution to the challenges of urban parking, particularly in the context of urbanization and denser population.
These systems play a crucial role in maximizing space utilization, enhancing security, and reducing the complexities associated with traditional parking methods. By efficiently stacking and organizing cars in tight configurations, automated parking systems offer a high-density, space-saving solution that is particularly appealing for urban areas facing limited space availability.
U.S. Automated Parking Market Report Highlights:
- Hardware segment held the largest market share of 83.7% due to the high demand for physical components.
- The software segment is expected to exhibit the fastest growth rate in 2023. The segment growth is driven by the management and coordination of parking operations utilizing parking sensors to facilitate parking and vehicle retrieval while providing real-time availability data.
- Based on structure type segment, the tower system held the highest market share in 2023. Tower systems are highly efficient as they save significant horizontal space and capitalize on vertical space advantages.
- The puzzle system segment is projected to experience the fastest CAGR in 2023. This growth is driven by the rising demand for space-efficient parking solutions, lower installation and maintenance costs, and enhanced safety features.
- Based on the platform type, palleted segment dominated the market in 2023. With the increasing preference for remote work options, these parking solutions are expected to witness significant growth in the future due to their ability to enhance vehicle security, improve city aesthetics, and higher parking density as compared to traditional parking.
- The non-palleted segment is projected to expand at a considerable CAGR in 2023. These solutions directly lift, transfer, and park vehicles in available spots, eliminating the need for moving empty pallets and enhancing overall system efficiency.
- Based on end-use, commercial held the largest market share in 2023. The increasing number of vehicles on the roads has reduced parking availability.
- The residential sector is projected to witness the fastest CAGR over the forecast period. This growth is driven by the growing prevalence of high-rise residential buildings and the escalating adoption of these solutions in luxury residential complexes.
- In March 2023, AUTOParkit proposed a high-tech parking structure for Dilon town. This is a valet system without an actual valet, wherein car is deposited in loading bay and gets racked to a parking lot. It provides users with a seamless driverless parking experience. For delivery of vehicles, mobile application is being developed for safety reasons and only the authorized person can schedule delivery.
Product Code: GVR-4-68040-314-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Automated Parking System Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Distribution Channel Analysis
- 3.2.2. Raw Material Trends
- 3.2.3. Technological Overview
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. U.S. Automated Parking System Market: Component Estimates & Trend Analysis
- 4.1. Component Analysis & Market Share, 2023 & 2030
- 4.2. U.S. Automated Parking System Market Estimates & Forecast, By Component, 2018 to 2030 (Revenue, USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 5. U.S. Automated Parking System Market: Structure Type Estimates & Trend Analysis
- 5.1. Structure Type Analysis & Market Share, 2023 & 2030
- 5.2. U.S. Automated Parking System Market Estimates & Forecast, By Storage Type, 2018 to 2030 (Revenue, USD Million)
- 5.3. AVG System
- 5.3.1. AVG System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 5.4. Silo System
- 5.4.1. Silo System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 5.5. Tower System
- 5.5.1. Tower System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 5.6. Rail Guided Cart (RGC) System
- 5.6.1. Rail Guided Cart (RGC) System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 5.7. Puzzle System
- 5.7.1. Puzzle System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 5.8. Rotary System
- 5.8.1. Rotary System Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 6. U.S. Automated Parking System Market: Platform Type Estimates & Trend Analysis
- 6.1. Platform Type Analysis & Market Share, 2023 & 2030
- 6.2. U.S. Automated Parking System Market Estimates & Forecast, By Platform Type, 2018 to 2030 (Revenue, USD Million)
- 6.3. Palleted
- 6.3.1. Palleted Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4. Non-palleted
- 6.4.1. Non-palleted Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. U.S. Automated Parking System Market: Automation Level Estimates & Trend Analysis
- 7.1. Automation Level Analysis & Market Share, 2023 & 2030
- 7.2. U.S. Automated Parking System Market Estimates & Forecast, By Automation Level, 2018 to 2030 (Revenue, USD Million)
- 7.3. Fully Automated
- 7.3.1. Fully Automated Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Semi-automated
- 7.4.1. Semi-automated Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. U.S. Automated Parking System Market: End-use Estimates & Trend Analysis
- 8.1. End Use Analysis & Market Share, 2023 & 2030
- 8.2. U.S. Automated Parking System Market Estimates & Forecast, End Use, 2018 to 2030 (Revenue, USD Million)
- 8.3. Residential
- 8.3.1. Residential Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 8.4. Commercial
- 8.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 8.5. Mixed Use
- 8.5.1. Mixed Use Market Revenue Estimates and Forecasts, 2018 - 2030 (Revenue, USD Million)
- 8.6. Regional chapter
Chapter 9. U.S. Automated Parking System Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map/Position Analysis, 2023
- 9.4. Strategy Mapping
- 9.4.1. Expansion
- 9.4.2. Mergers & Acquisition
- 9.4.3. Partnerships & Collaborations
- 9.4.4. New Product Launches
- 9.4.5. Research And Development
- 9.5. Company Profiles
- 9.5.1. AutoMotion Parking Syatem
- 9.5.1.1. Participant's overview
- 9.5.1.2. Financial performance
- 9.5.1.3. Product benchmarking
- 9.5.1.4. Recent developments
- 9.5.2. AUTOParkit
- 9.5.2.1. Participant's overview
- 9.5.2.2. Financial performance
- 9.5.2.3. Product benchmarking
- 9.5.2.4. Recent developments
- 9.5.3. CityLift parking
- 9.5.3.1. Participant's overview
- 9.5.3.2. Financial performance
- 9.5.3.3. Product benchmarking
- 9.5.3.4. Recent developments
- 9.5.4. Harding Stee
- 9.5.4.1. Participant's overview
- 9.5.4.2. Financial performance
- 9.5.4.3. Product benchmarking
- 9.5.4.4. Recent developments
- 9.5.5. Hyundai Mobis
- 9.5.5.1. Participant's overview
- 9.5.5.2. Financial performance
- 9.5.5.3. Product benchmarking
- 9.5.5.4. Recent developments
- 9.5.6. Parkhub
- 9.5.6.1. Participant's overview
- 9.5.6.2. Financial performance
- 9.5.6.3. Product benchmarking
- 9.5.6.4. Recent developments
- 9.5.7. ParkPlus
- 9.5.7.1. Participant's overview
- 9.5.7.2. Financial performance
- 9.5.7.3. Product benchmarking
- 9.5.7.4. Recent developments
- 9.5.8. Parkwhiz
- 9.5.8.1. Participant's overview
- 9.5.8.2. Financial performance
- 9.5.8.3. Product benchmarking
- 9.5.8.4. Recent developments
- 9.5.9. Robotic Parking Systems, Inc.
- 9.5.9.1. Participant's overview
- 9.5.9.2. Financial performance
- 9.5.9.3. Product benchmarking
- 9.5.9.4. Recent developments
- 9.5.10. Westfalia technologies, Inc.
- 9.5.10.1. Participant's overview
- 9.5.10.2. Financial performance
- 9.5.10.3. Product benchmarking
- 9.5.10.4. Recent developments
- 9.5.1. AutoMotion Parking Syatem
Product Code: GVR-4-68040-314-0
List of Tables
- Table 1 List of Abbreviation
- Table 2 U.S. Automated Parking System Market, 2018 - 2030 (Revenue, USD Million)
- Table 3 U.S. Automated Parking System Market by Component, 2018 - 2030 (Revenue, USD Million)
- Table 4 U.S. Automated Parking System Market by Structure Type, 2018 - 2030 (Revenue, USD Million)
- Table 5 U.S. Automated Parking System Market by Platform Type, 2018 - 2030 (Revenue, USD Million)
- Table 6 U.S. Automated Parking System Market by Automation level, 2018 - 2030 (Revenue, USD Million)
- Table 7 U.S. Automated Parking System Market by End Use, 2018 - 2030 (Revenue, USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 Data Triangulation Techniques
- Fig. 3 Primary Research Pattern
- Fig. 4 Market Research Approaches
- Fig. 5 QFD Modeling For Market Share Assessment
- Fig. 6 Information Procurement
- Fig. 7 Market Formulation and Validation
- Fig. 8 Data Validating & Publishing
- Fig. 9 Market Segmentation & Scope
- Fig. 10 U.S. Automated Parking System Market Snapshot
- Fig. 11 Segment Snapshot (1/2)
- Fig. 12 Segment Snapshot (1/2)
- Fig. 13 Competitive Landscape Snapshot
- Fig. 14 Parent market outlook
- Fig. 15 U.S. Automated Parking System Market Value, 2023 (Revenue, USD Million)
- Fig. 16 U.S. Automated Parking System Market - Value Chain Analysis
- Fig. 17 U.S. Automated Parking System Market - Price Trend Analysis 2018 - 2030 (Revenue, USD Million)
- Fig. 18 U.S. Automated Parking System Market - Market Dynamics
- Fig. 19 U.S. Automated Parking System Market - PORTER's Analysis
- Fig. 20 U.S. Automated Parking System Market - PESTEL Analysis
- Fig. 21 U.S. Automated Parking System Market Estimates & Forecasts, By Component: Key Takeaways
- Fig. 22 U.S. Automated Parking System Market Share, By Component, 2023 & 2030
- Fig. 23 Hardware Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 24 Software Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 25 U.S. Automated Parking System Market Estimates & Forecasts, By Structure Type: Key Takeaways
- Fig. 26 U.S. Automated Parking System Market Share, By Structure Type, 2023 & 2030
- Fig. 27 AVG System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 28 Silo System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 29 Tower System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 30 Rail Guided Cart (RGC) System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 31 Puzzle System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 32 Rotary System Market Estimates & Forecasts, in Storage Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 33 U.S. Automated Parking System Market Estimates & Forecasts, By Platform Type: Key Takeaways
- Fig. 34 U.S. Automated Parking System Market Share, By Platform Type, 2023 & 2030
- Fig. 35 Palleted Market Estimates & Forecasts, By Platform Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 36 Non- Palleted Market Estimates & Forecasts, By Platform Type, 2018 - 2030 (Revenue, USD Million)
- Fig. 37 U.S. Automated Parking System Market Estimates & Forecasts, By Automation Level: Key Takeaways
- Fig. 38 U.S. Automated Parking System Market Share, By Automation Level, 2023 & 2030
- Fig. 39 Fully Automated Market Estimates & Forecasts, By Automation Level, 2018 - 2030 (Revenue, USD Million)
- Fig. 40 Semi-automated Market Estimates & Forecasts, By Automation Level, 2018 - 2030 (Revenue, USD Million)
- Fig. 41 U.S. Automated Parking System Market Estimates & Forecasts, By End-Use: Key Takeaways
- Fig. 42 U.S. Automated Parking System Market Share, By End-use, 2023 & 2030
- Fig. 43 Residential Market Estimates & Forecasts, By End-use, 2018 - 2030 (Revenue, USD Million)
- Fig. 44 Commercial Market Estimates & Forecasts, By End-use, 2018 - 2030 (Revenue, USD Million)
- Fig. 45 Mixed Use Market Estimates & Forecasts, By End-use, 2018 - 2030 (Revenue, USD Million)
- Fig. 46 Key Company Categorization
- Fig. 47 Company Market Positioning
- Fig. 48 Strategy Mapping
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