PUBLISHER: The Business Research Company | PRODUCT CODE: 1970261
PUBLISHER: The Business Research Company | PRODUCT CODE: 1970261
An automated parking system is a facility consisting of multiple rooms designed for storing and retrieving vehicles without the need for a driver's presence. This system enables the transportation of vehicles from the entrance to their designated parking space autonomously. The primary purpose of an automated parking system is to efficiently stack vehicles vertically, optimizing space usage.
The main components of automated parking systems include hardware and software. Hardware refers to the tangible components of the computer system that store and execute the written instructions provided by the software. Different types of structures in automated parking systems include AGV system, silo system, tower system, rail-guided cart (RGC) system, puzzle system, and shuttle system. Platforms can be palleted or non-palleted, and automation levels can range from fully automated to semi-automated. End-users of automated parking systems include residential, commercial, and mixed-use establishments.
Tariffs are impacting the automated parking system market by increasing costs of imported steel frameworks, sensors, motors, control units, and automation software hardware used across silo, tower, and shuttle-based systems. Urban infrastructure projects in North America and Europe are most affected due to dependence on imported mechanical and electronic components, while Asia-Pacific faces cost pressure on export-oriented system manufacturing. These tariffs are raising installation costs and extending project timelines. However, they are also encouraging local fabrication, domestic system integration capabilities, and regional supplier partnerships that support long-term market development.
The automated parking system market research report is one of a series of new reports from The Business Research Company that provides automated parking system market statistics, including automated parking system industry global market size, regional shares, competitors with a automated parking system market share, detailed automated parking system market segments, market trends and opportunities, and any further data you may need to thrive in the automated parking system industry. This automated parking system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automated parking system market size has grown rapidly in recent years. It will grow from $2.6 billion in 2025 to $3.02 billion in 2026 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to urban land scarcity in metropolitan areas, rising vehicle ownership rates, expansion of high-density residential developments, increasing adoption of smart city infrastructure, early deployment of mechanical parking systems.
The automated parking system market size is expected to see rapid growth in the next few years. It will grow to $5.56 billion in 2030 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to growing investments in smart urban mobility solutions, increasing demand for autonomous vehicle-compatible parking, expansion of electric vehicle infrastructure integration, rising focus on reducing traffic congestion, growing adoption in commercial real estate projects. Major trends in the forecast period include increasing adoption of fully automated parking structures, rising demand for space-efficient vertical parking solutions, growing integration of smart parking software platforms, expansion of sensor-based vehicle handling systems, enhanced focus on contactless parking operations.
The rising demand for passenger cars is expected to propel the growth of the automated parking system market going forward. Passenger cars are vehicles primarily designed for transporting passengers and typically accommodate one to five people. The growing demand for passenger cars is driven by rising disposable incomes, as higher earnings allow more individuals and families to afford personal vehicles, enhancing mobility and convenience. Automated parking systems in passenger cars improve convenience and safety by autonomously maneuvering vehicles into parking spaces, reducing driver involvement, and minimizing parking-related stress. For instance, in 2024, according to the China Passenger Car Association (CPCA), a China-based industry association, domestic retail sales of passenger vehicles reached 22.894 million units, marking a 5.5% year-on-year increase. Therefore, the rising demand for passenger cars is driving the growth of the automated parking system market.
Major companies operating in the automated parking system market are focusing on introducing advanced parking solutions, such as the Mobis Parking System, to gain a competitive advantage. The Mobis Parking System is a comprehensive, innovative solution that leverages advanced technology and data analytics to optimize parking management and enhance the overall parking experience. For instance, in September 2023, HyundAI Mobis, a South Korea-based automobile company, launched the Mobis Parking System (MPS), which uses ultrasonic sensors and surround-view monitor cameras to assess the vehicle's position and generate a map, enabling one-touch autonomous parking. The MPS also includes a Memory Parking Assist (MPA) feature that records the parking process during the initial parking in learning mode, allowing the vehicle to park repeatedly in the same spot with a simple button press. This system can identify parking lines and facilitate autonomous parking even in unoccupied spaces without nearby vehicles.
In May 2024, Fort Worth's Junction Industries, a US-based holding company, acquired Skyline Parking Company for an undisclosed amount. Through this acquisition, Junction Industries aims to expand its portfolio of automated vehicle storage solutions and address the growing demand for advanced parking systems in urban development. Skyline Parking, a Switzerland-based automated parking solutions provider, enhances parking efficiency by optimizing space and improving the user experience through advanced technology.
Major companies operating in the automated parking system market are Westfalia Technologies Inc.; Klaus Multiparking Systems Pvt Ltd.; Robotic Parking Systems Inc.; Wohr Parking Systems; City Lift Parking LLC; ShinMaywa Industries Ltd.; Skyline Parking AG; Dayang Parking Co. Ltd.; Serva Transport Systems GmbH; IHI Corporation; Lodige Industries GmbH; Robopark Inc.; Unitronics Systems Inc.; Eito & Global Inc.; Parkmatic Systems Inc.; Amano Corporation; U-TRON Electronics Co. Ltd.; TADA Technologies Pte Ltd.; Omnitec Group; MHE-Demag Pte Ltd.; FATA Automation Inc.; Umojo Inc.
Western Europe was the largest region in the automated parking system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated parking system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automated parking system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automated parking system market consists of revenues earned by entities by providing conveyor, crane system and shuttle. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automated Parking System Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses automated parking system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automated parking system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automated parking system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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