Automated Parking System Market by Automation Level, System Type, Design Model, Platform Type, Parking Level, Navigation System, End-User

List of Tables

The Automated Parking System Market was valued at USD 3.02 billion in 2023, expected to reach USD 3.55 billion in 2024, and is projected to grow at a CAGR of 18.02%, to USD 9.64 billion by 2030.

The automated parking system market is poised for significant growth due to urbanization, increasing vehicle ownership, and a push toward efficient land use and smart city solutions. An automated parking system is an advanced method of parking vehicles using electronic and mechanical equipment, reducing the need for human intervention and improving space utilization. The necessity of these systems stems from the increasing urban population and limited space, leading to congestion and inefficient parking practices. Applications span residential complexes, commercial buildings, airports, and shopping centers, each benefiting from the optimized land use and enhanced user experience these systems provide. Key growth factors include technological advancements such as IoT and AI integration, which enhance system efficiency and user convenience. Moreover, environmental regulations encouraging reduced emissions further propel the demand for such systems, as they allow for less vehicle idling and traffic congestion. Emerging opportunities lie in developing greenfield smart cities and retrofitting existing infrastructure, given the global push for sustainable, tech-integrated urban planning. Yet, challenges such as high initial costs, complicated maintenance, and potential technical malfunctions can impede market growth. Furthermore, a lack of awareness among users and developers can slow adoption rates. Innovation prospects are ripe in AI-driven analytics, which can predict parking patterns and system maintenance needs, creating opportunities for enhancing efficiency and user experience. Research should also focus on seamless integration with electric vehicle technologies and overall smart city infrastructure. The automated parking system market is inherently dynamic, evolving alongside innovations in smart transportation and urban development, thus offering substantive opportunities for businesses willing to invest in technology and education. Companies entering this field are advised to focus on affordability and user training to overcome market challenges and leverage the potential for substantial growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.02 billion
Estimated Year [2024]	USD 3.55 billion
Forecast Year [2030]	USD 9.64 billion
CAGR (%)	18.02%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automated Parking System Market

The Automated Parking System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing Number of Vehicles Globally with the Increasing Need for Optimum Utilization of Parking Spaces
- Incorporation of IoT-Based Solutions for Fully Automated Parking Systems
- Shrinking Land Parking with Rapid Urbanization and Surge in the Adoption of Palletized APS
Market Restraints
- High Cost Associated with Installation of Automated Parking Systems
Market Opportunities
- Significant Emergence of Robotic Parking Systems and Palletless Fully Automated Car Parking System
- Growing Demand for Green & Sustainable Parking Solutions
Market Challenges
- Concerns Associated with Complex Handling Parking System and Regular Maintenance

Porter's Five Forces: A Strategic Tool for Navigating the Automated Parking System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automated Parking System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automated Parking System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automated Parking System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automated Parking System Market

A detailed market share analysis in the Automated Parking System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automated Parking System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automated Parking System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Automated Parking System Market, highlighting leading vendors and their innovative profiles. These include Siemens AG, Sotefin Parking Pvt. Ltd., Klaus Multiparking GmbH, RR Global, DESIGNA Verkehrsleittechnik GmbH, Amano Corporation, PARKPIU' S.R.L, WOHR Autoparksysteme GmbH, Robotic Parking Systems, Inc., Fehr Lagerlogistik AG, FATA Automation, Parkmatic, AJ Automated Parking Systems Co., Ltd., Tedra Automotive Solutions Pvt. Ltd., Robert Bosch GmbH, Harding Steel, Inc., Asura Technologies Ltd., Eros Elevators & Escalators Pvt. Ltd., SKIDATA GmbH, Valeo SA, SWARCO AG, Mitsubishi Heavy Industries Machinery Systems, Westfalia Technologies, Inc., Nexstep Multiparking Pvt. Ltd., Swiss-Park GmbH, Verra Mobility, Park Plus, Inc., E Star Engineers Private Limited, Lodige Industries GmbH, and Sieger Spintech Equipments Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Automated Parking System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Automation Level, market is studied across Fully-automated and Semi-automated.
Based on System Type, market is studied across Hardware and Software.
Based on Design Model, market is studied across Electro-mechanical and Hydraulic.
Based on Platform Type, market is studied across Non-palleted and Palleted.
Based on Parking Level, market is studied across Less than Level 5, Level 5-Level 10, and More than Level 15.
Based on Navigation System, market is studied across Automated Guided Vehicles, Crane Automated Parking System, Puzzle type Automated Parking System, Rail Guided Carts Automated Parking System, Shuttle Automated Parking System, Silo Automated Parking System, and Tower Automated Parking System.
Based on End-User, market is studied across Commercial, Mixed-use, and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-E37088676ADA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Number of Vehicles Globally with the Increasing Need for Optimum Utilization of Parking Spaces
  - 5.1.1.2. Incorporation of IoT-Based Solutions for Fully Automated Parking Systems
  - 5.1.1.3. Shrinking Land Parking with Rapid Urbanization and Surge in the Adoption of Palletized APS
- 5.1.2. Restraints
  - 5.1.2.1. High Cost Associated with Installation of Automated Parking Systems
- 5.1.3. Opportunities
  - 5.1.3.1. Significant Emergence of Robotic Parking Systems and Palletless Fully Automated Car Parking System
  - 5.1.3.2. Growing Demand for Green & Sustainable Parking Solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Associated with Complex Handling Parking System and Regular Maintenance
5.2. Market Segmentation Analysis
- 5.2.1. Automation Level: Burgeoning adoption of semi-automated parking system owing to its enhanced convenience and accessibility to users
- 5.2.2. System Type: Significant usage of hardwares in automated parking system for managing vehicle storage and movement
- 5.2.3. Design Model: Use of electro-mechanical APS owing to their energy efficiency and reduced noise levels
- 5.2.4. End-User: Adoption of automated parking systems in commercial settings to improve space optimization for maximizing revenue-generating utilities
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental
5.5. Client Customization

6. Automated Parking System Market, by Automation Level

6.1. Introduction
6.2. Fully-automated
6.3. Semi-automated

7. Automated Parking System Market, by System Type

7.1. Introduction
7.2. Hardware
7.3. Software

8. Automated Parking System Market, by Design Model

8.1. Introduction
8.2. Electro-mechanical
8.3. Hydraulic

9. Automated Parking System Market, by Platform Type

9.1. Introduction
9.2. Non-palleted
9.3. Palleted

10. Automated Parking System Market, by Parking Level

10.1. Introduction
10.2. Less than Level 5
10.3. Level 5-Level 10
10.4. More than Level 15

11. Automated Parking System Market, by Navigation System

11.1. Introduction
11.2. Automated Guided Vehicles
11.3. Crane Automated Parking System
11.4. Puzzle type Automated Parking System
11.5. Rail Guided Carts Automated Parking System
11.6. Shuttle Automated Parking System
11.7. Silo Automated Parking System
11.8. Tower Automated Parking System

12. Automated Parking System Market, by End-User

12.1. Introduction
12.2. Commercial
12.3. Mixed-use
12.4. Residential

13. Americas Automated Parking System Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Automated Parking System Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Automated Parking System Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. Hyundai Mobis Reveals One-Touch Automated Parking System
- 16.3.2. Smart Parking acquires ParkInnovation
- 16.3.3. BMW and Valeo Partner To Create Level 4 Automated Parking System

Companies Mentioned

1. Siemens AG
2. Sotefin Parking Pvt. Ltd.
3. Klaus Multiparking GmbH
4. RR Global
5. DESIGNA Verkehrsleittechnik GmbH
6. Amano Corporation
7. PARKPIU' S.R.L
8. WOHR Autoparksysteme GmbH
9. Robotic Parking Systems, Inc.
10. Fehr Lagerlogistik AG
11. FATA Automation
12. Parkmatic
13. AJ Automated Parking Systems Co., Ltd.
14. Tedra Automotive Solutions Pvt. Ltd.
15. Robert Bosch GmbH
16. Harding Steel, Inc.
17. Asura Technologies Ltd.
18. Eros Elevators & Escalators Pvt. Ltd.
19. SKIDATA GmbH
20. Valeo SA
21. SWARCO AG
22. Mitsubishi Heavy Industries Machinery Systems
23. Westfalia Technologies, Inc.
24. Nexstep Multiparking Pvt. Ltd.
25. Swiss-Park GmbH
26. Verra Mobility
27. Park Plus, Inc.
28. E Star Engineers Private Limited
29. Lodige Industries GmbH
30. Sieger Spintech Equipments Pvt. Ltd.