Autonomous Parking Market Report: Trends, Forecast and Competitive Analysis to 2030

Autonomous Parking Trends and Forecast

The future of the global autonomous parking market looks promising with opportunities in the residential, commercial, and industrial markets. The global autonomous parking market is expected to reach an estimated $7.4 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are rising demand for convenient and efficient parking solutions, stringent government regulations regarding the parking management, as well as, growing focus of key market players on R&D to introduce innovative autonomous parking solutions.

A more than 150-page report is developed to help in your business decisions.

Autonomous Parking by Segment

The study includes a forecast for the global autonomous parking by type, deployment, end use, and region.

Autonomous Parking Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Semi-Automated
• Fully-Automated

Autonomous Parking Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Assisted
• Remote Control
• Fully Automatic

Autonomous Parking Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial
• Others

Autonomous Parking Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Autonomous Parking Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies autonomous parking companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the autonomous parking companies profiled in this report include-

• Daimler
• FCA USA
• Tesla
• Robert Bosch
• Skyline Parking
• Westfalia Parking
• Unitronics
• Klaus Multiparking
• Robotic Parking Systems
• City Lift Parking

Autonomous Parking Market Insights

Lucintel forecasts that fully-automated will remain the larger segment over the forecast period because the benefits of fully automated parking systems include better efficiency, expanded capacity, lower emissions, and improved safety and convenience.

North America will remain the largest region over the forecast period due to existence of advanced automotive technology players, rising focus on smart citites, supportive regulatory environment, as well as, rising implementation of pilot projects and testing technologies.

Features of the Global Autonomous Parking Market

Market Size Estimates: Autonomous parking market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Autonomous parking market size by type, deployment, end use, and region in terms of value ($B).

Regional Analysis: Autonomous parking market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, deployment, end use, and regions for the autonomous parking market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the autonomous parking market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the autonomous parking market size?

Answer: The global autonomous parking market is expected to reach an estimated $7.4 billion by 2030.

Q2. What is the growth forecast for autonomous parking market?

Answer: The global autonomous parking market is expected to grow with a CAGR of 13.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the autonomous parking market?

Answer: The major drivers for this market are rising demand for convenient and efficient parking solutions, stringent government regulations regarding the parking management, as well as, growing focus of key market players on R&D to introduce innovative autonomous parking solutions.

Q4. What are the major segments for autonomous parking market?

Answer: The future of the global autonomous parking market looks promising with opportunities in the residential, commercial, and industrial markets.

Q5. Who are the key autonomous parking market companies?

Answer: Some of the key autonomous parking companies are as follows.

• Daimler
• FCA USA
• Tesla
• Robert Bosch
• Skyline Parking
• Westfalia Parking
• Unitronics
• Klaus Multiparking
• Robotic Parking Systems
• City Lift Parking

Q6. Which autonomous parking market segment will be the largest in future?

Answer: Lucintel forecasts that fully-automated will remain the larger segment over the forecast period because the benefits of fully automated parking systems include better efficiency, expanded capacity, lower emissions, and improved safety and convenience.

Q7. In autonomous parking market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to existence of advanced automotive technology players, rising focus on smart citites, supportive regulatory environment, as well as, rising implementation of pilot projects and testing technologies.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the autonomous parking market by type (semi-automated and fully-automated), deployment (assisted, remote control, and fully automatic), end use (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?