Automated Parking System Market Size-By Type (Fully Automated, Semi-automated), Offering (Hardware, Software, Services), Platform (Palleted, Non-palleted), End-use (Residential, Commercial), Growth Prospects, Regional Outlook & Forecast, 2024-2032

Description

List of Tables

Automated parking system market size is projected to expand at over 16.5% CAGR from 2024 to 2032. The rising urbanization and the resultant scarcity of parking spaces in city centers is fueling the adoption of automated solutions to optimize available space efficiently. The surging demand for smart and convenient parking solutions coupled with the rapid advancements in sensor technology and automation will also amplify the product demand. For instance, in December 2022, Bosch and Mercedes-Benz Group received approval for a fully automated self-parking system for allowing cars to autonomously navigate to reserved spots in the Mercedes-Benz Museum parking garage in Stuttgart, Germany.

Additionally, the rising environmental concerns and the growing need to reduce emissions will also boost the adoption of automated parking systems, due to their contribution in reducing vehicle circulation and idling. The increasing government initiatives for promoting smart city infrastructure and sustainable urban mobility will also compliment the industry growth.

The automated parking system market is segregated into type, offering, platform, end-use, and region.

Based on type, the industry value from the fully automated type segment is projected to rise at substantial CAGR from 2024 to 2032, owing to the increasing demand for hands-free and efficient parking solutions. The rising urbanization, limited parking space, and the increasing advancements in sensor technology, AI, and connectivity are also contributing to enhanced reliability and effectiveness of fully automated systems.

Automated parking system market share from the residential end-use segment is estimated to exhibit significant CAGR between 2024 and 2032. The growth can be ascribed to the rising demand for efficient and space-saving parking solutions, increasing urbanization and limited residential parking spaces. The growing desire for convenience, security, and streamlined parking experiences will also fuel the product adoption in residential areas.

Regionally, the Asia Pacific automated parking system industry is projected to expand at rapid pace from 2024 to 2032. This is due to the rapid urbanization, escalating vehicle ownership, and the growing need for efficient parking solutions. Moreover, the increasing awareness of smart city initiatives, technological advancements, and government support will further contribute to the widespread adoption of automated parking systems across the region.

Product Code: 7694

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Automated parking system market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2024 - 2032
2.3 Regional trends
2.4 Type trends
2.5 Offering trends
2.6 Platform trends
2.7 End-use trends

Chapter 3 Automated Parking System Industry Insights

3.1 Industry ecosystem analysis
3.2 Profit margin
3.3 Suppliers landscape
- 3.3.1 Hardware providers
- 3.3.2 Software providers
- 3.3.3 Service providers
- 3.3.4 Technology providers
- 3.3.5 End-users
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing autonomous vehicles in the North America and Europe
  - 3.8.1.2 The rapid increase in urbanization
  - 3.8.1.3 Rising smart city projects in Asia Pacific and Middle East
  - 3.8.1.4 Increasing technological advancements in parking systems
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High development cost
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 IHI Corporation
- 4.3.2 MHE Demag (S) Pte Ltd
- 4.3.3 Park Assist
- 4.3.4 Westfalia Parking
- 4.3.5 Lodgie Industries
- 4.3.6 Unitronics Corporation
- 4.3.7 Robotic Parking Systems, Inc.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Automated parking system Market Estimates & Forecast, By Type (Revenue)

5.1 Key trends, by type
5.2 Fully automated
5.3 Semi-automated

Chapter 6 Automated parking system Market Estimates & Forecast, By Offering (Revenue)

6.1 Key trends, by offering
6.2 Hardware
6.3 Software
6.4 Services

Chapter 7 Automated parking system Market Estimates & Forecast, By Platform (Revenue)

7.1 Key trends, by platform
7.2 Palleted
7.3 Non-palleted

Chapter 8 Automated parking system Market Estimates & Forecast, By End-use (Revenue)

8.1 Key trends, by end-use
8.2 Residential
8.3 Commercial

Chapter 9 Automated parking system Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Southeast Asia
- 9.4.6 ANZ
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 AutoMotion Parking Systems
10.2 City Lift Parking, LLC
10.3 EITO&GLOBAL Inc.
10.4 Fata Automation
10.5 Klaus Multiparking
10.6 Lodgie Industries
10.7 Parkmatic
10.8 Robotic Parking Systems, Inc.
10.9 Skyline Parking
10.10 Unitronics Corporation
10.11 Westfalia Parking
10.12 Wohr Parking System Pvt. Ltd.
10.13 IHI Corporation
10.14 MHE Demag (S) Pte Ltd
10.15 Park Assist
10.16 Dayang Parking Company Ltd
10.17 ParkPlus Inc.
10.18 Serva Transport Systems GmbH
10.19 Stolzer Parking System
10.20 TAPS