Automated Parking System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently published an extensive report on the global Automated Parking System Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Automated Parking System Market Size (2024E): USD 6.8 Bn
Projected Market Value (2031F): USD 15.09 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 12.1%

Automated Parking System Market - Report Scope:

The Automated Parking System Market encompasses a variety of technologically advanced parking solutions designed to optimize space utilization, reduce parking time, and enhance overall efficiency. These systems cater to diverse applications, including residential, commercial, and industrial spaces, providing seamless parking experiences through automated processes. The market serves multiple segments, including luxury residential complexes, office spaces, public parking areas, and shopping malls. Growth is driven by increasing urbanization, rising vehicle ownership, and the growing need for efficient space management in densely populated cities.

Market Growth Drivers:

Several key factors are driving the global Automated Parking System Market. The rapid pace of urbanization and rising population densities in urban areas have led to a surge in demand for space-efficient parking solutions. Technological advancements, such as artificial intelligence, IoT integration, and robotic systems, have enhanced the capabilities of automated parking solutions, making them more reliable and user-friendly. Additionally, the increasing adoption of smart city initiatives across the globe has further propelled the demand for automated parking systems. Enhanced security features, reduced environmental footprint, and minimized vehicle damage risks are additional factors driving market growth.

Market Restraints:

Despite promising growth prospects, the Automated Parking System Market faces challenges such as high installation and maintenance costs, which may deter potential adopters, particularly in developing regions. The complexity of system integration and compatibility with existing infrastructure poses significant hurdles. Additionally, the lack of awareness and reluctance to adopt advanced technologies among certain end-users can hinder market penetration. Addressing these issues requires continuous efforts in consumer education, cost optimization, and the development of scalable and flexible solutions that cater to diverse needs.

Market Opportunities:

The market presents significant opportunities driven by the increasing adoption of electric vehicles (EVs) and the integration of EV charging capabilities within automated parking systems. The rise of mixed-use developments and smart cities provides a lucrative avenue for market growth. Furthermore, the development of advanced parking technologies, such as machine learning algorithms for dynamic parking management and autonomous vehicle compatibility, opens new possibilities. Strategic collaborations and partnerships with real estate developers, municipalities, and technology providers are essential for capitalizing on emerging opportunities and maintaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Automated Parking System Market globally?
Which types and configurations of automated parking systems are leading adoption in various settings?
How are technological advancements influencing the competitive landscape of the Automated Parking System Market?
Who are the key players in the Automated Parking System Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Automated Parking System Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Automated Parking System Market, including Klaus Multiparking, Robotic Parking Systems, and Wohr Parking Systems, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced parking solutions, including vertical parking structures and modular systems. Collaborations with real estate developers and urban planners facilitate market access and promote the adoption of new technologies. Emphasis on sustainability, high-quality products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Automated Parking System Market landscape.

Key Companies Profiled:

Lodige Industries
Wohr Parking Systems
Klaus Multiparking Systems
Westfalia Parking
U-tron
RR Parkon
ShinMaywa Industries Ltd.
ParkPlus Inc.
SOTEFIN SA
Tedra Automotive Solutions Pvt. Ltd.
Robotic Parking Systems, Inc.
Wipro PARI
Mutrade Industrial Corp
Citylift

Automated Parking System Market Industry Segmentation:

By Automation

Semi-automated
Fully Automated

By End User

Residential
Commercial
Mixed Use

By Platform Type

Palleted
Non-palleted

By Structure Type

Silo
AGV
Puzzle
Tower
Shuttle
Rail Guided Cart
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP31614

1. Executive Summary

1.1. Global Automated Parking System Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis

3. Price Trend Analysis, 2019 - 2031

3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Automation
3.4. Regional Prices and Historical and Future Growth Trends

4. Global Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2023
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024 - 2031
4.3. Global Automated Parking System Outlook: Automation
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Automation, 2019 - 2023
- 4.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
  - 4.3.3.1. Semi-automated
  - 4.3.3.2. Fully Automated
4.4. Market Attractiveness Analysis: Automation
4.5. Global Automated Parking System Outlook: End User
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019 - 2023
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
  - 4.5.3.1. Residential
  - 4.5.3.2. Commercial
  - 4.5.3.3. Mixed Use
4.6. Market Attractiveness Analysis: End User
4.7. Global Automated Parking System Outlook: Platform Type
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn) Analysis, By Platform Type, 2019 - 2023
- 4.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
  - 4.7.3.1. Palleted
  - 4.7.3.2. Non Palleted
4.8. Market Attractiveness Analysis: Platform Type
4.9. Global Automated Parking System Outlook: Structure Type
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Bn) Analysis, By Structure Type, 2019 - 2023
- 4.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
  - 4.9.3.1. Silo System
  - 4.9.3.2. AGV System
  - 4.9.3.3. Puzzle System
  - 4.9.3.4. Tower System
  - 4.9.3.5. Shuttle System
  - 4.9.3.6. Rail Guided Cart System
  - 4.9.3.7. Misc.
4.10. Market Attractiveness Analysis: Structure Type

5. Global Automated Parking System Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019 - 2023
5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024 - 2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Automation
- 6.3.3. By End User
- 6.3.4. By Platform Type
- 6.3.5. By Structure Type
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 6.5.1. Semi-Automated
- 6.5.2. Fully Automated
6.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 6.6.1. Residential
- 6.6.2. Commercial
- 6.6.3. Mixed Use
6.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 6.7.1. Palleted
- 6.7.2. Non Palleted
6.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 6.8.1. Silo System
- 6.8.2. AGV System
- 6.8.3. Puzzle System
- 6.8.4. Tower System
- 6.8.5. Shuttle System
- 6.8.6. Rail Guided Cart System
- 6.8.7. Misc.
6.9. Market Attractiveness Analysis

7. Europe Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Automation
- 7.3.3. By End User
- 7.3.4. By Platform Type
- 7.3.5. By Structure Type
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 7.5.1. Semi-Automated
- 7.5.2. Fully Automated
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 7.6.1. Residential
- 7.6.2. Commercial
- 7.6.3. Mixed Use
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 7.7.1. Palleted
- 7.7.2. Non Palleted
7.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 7.8.1. Silo System
- 7.8.2. AGV System
- 7.8.3. Puzzle System
- 7.8.4. Tower System
- 7.8.5. Shuttle System
- 7.8.6. Rail Guided Cart System
- 7.8.7. Misc.
7.9. Market Attractiveness Analysis

8. East Asia Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Automation
- 8.3.3. By End User
- 8.3.4. By Platform Type
- 8.3.5. By Structure Type
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 8.5.1. Semi-Automated
- 8.5.2. Fully Automated
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 8.6.1. Residential
- 8.6.2. Commercial
- 8.6.3. Mixed Use
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 8.7.1. Palleted
- 8.7.2. Non Palleted
8.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 8.8.1. Silo System
- 8.8.2. AGV System
- 8.8.3. Puzzle System
- 8.8.4. Tower System
- 8.8.5. Shuttle System
- 8.8.6. Rail Guided Cart System
- 8.8.7. Misc.
8.9. Market Attractiveness Analysis

9. South Asia & Oceania Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Automation
- 9.3.3. By End User
- 9.3.4. By Platform Type
- 9.3.5. By Structure Type
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 9.5.1. Semi-Automated
- 9.5.2. Fully Automated
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 9.6.1. Residential
- 9.6.2. Commercial
- 9.6.3. Mixed Use
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 9.7.1. Palleted
- 9.7.2. Non Palleted
9.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 9.8.1. Silo System
- 9.8.2. AGV System
- 9.8.3. Puzzle System
- 9.8.4. Tower System
- 9.8.5. Shuttle System
- 9.8.6. Rail Guided Cart System
- 9.8.7. Misc.
9.9. Market Attractiveness Analysis

10. Latin America Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Automation
- 10.3.3. By End User
- 10.3.4. By Platform Type
- 10.3.5. By Structure Type
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 10.5.1. Semi-Automated
- 10.5.2. Fully Automated
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 10.6.1. Residential
- 10.6.2. Commercial
- 10.6.3. Mixed Use
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 10.7.1. Palleted
- 10.7.2. Non Palleted
10.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 10.8.1. Silo System
- 10.8.2. AGV System
- 10.8.3. Puzzle System
- 10.8.4. Tower System
- 10.8.5. Shuttle System
- 10.8.6. Rail Guided Cart System
- 10.8.7. Misc.
10.9. Market Attractiveness Analysis

11. Middle East & Africa Automated Parking System Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Automation
- 11.3.3. By End User
- 11.3.4. By Platform Type
- 11.3.5. By Structure Type
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Automation, 2024 - 2031
- 11.5.1. Semi-Automated
- 11.5.2. Fully Automated
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 11.6.1. Residential
- 11.6.2. Commercial
- 11.6.3. Mixed Use
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Platform Type, 2024 - 2031
- 11.7.1. Palleted
- 11.7.2. Non Palleted
11.8. Current Market Size (US$ Bn) Analysis and Forecast, By Structure Type, 2024 - 2031
- 11.8.1. Silo System
- 11.8.2. AGV System
- 11.8.3. Puzzle System
- 11.8.4. Tower System
- 11.8.5. Shuttle System
- 11.8.6. Rail Guided Cart System
- 11.8.7. Misc.
11.9. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2023
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Automation
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Lodige Industries
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Wohr Parking Systems
- 12.3.3. Klaus Multiparking Systems
- 12.3.4. Westfalia Parking
- 12.3.5. U-tron
- 12.3.6. RR Parkon
- 12.3.7. ShinMaywa Industries, Ltd.
- 12.3.8. ParkPlus Inc.
- 12.3.9. SOTEFIN SA
- 12.3.10. Tedra Automotive Solutions Pvt. Ltd.
- 12.3.11. Robotic Parking Systems, Inc.
- 12.3.12. Wipro PARI
- 12.3.13. Mutrade Industrial Corp
- 12.3.14. Citylift
- 12.3.15. Other Players

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations