Automated Parking System Market Size, Growth Projections, Trends, Company Analysis and Forecast 2020 to 2027

Automated Parking System Market size was valued at USD 1.5 billion in 2021 and is expected to reach over USD 3.04 billion by 2030, growing at a CAGR of 8.9% from 2021 to 2030.

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The rapid urbanization and growing number of commercial and residential buildings across the globe is boosting the adoption of automated parking systems. The real estate developers are focusing on providing the automated facilities to their customers and including the installation of automated parking systems the high-rise commercial and residential projects, which is driving the demand for the automated parking system market. The automated parking system can contribute to reduction in road traffics and can save time and fuel consumption, thereby reducing the emission. Excess amount of time and fuel is wasted in finding an appropriate parking space in urban cities. The limited availability of parking spaces coupled with growing number of vehicles on road is resulting traffic jams across the globe. Moreover, rapidly growing urban population is necessitating the adoption of the automated parking systems owing the availability of fewer spaces especially in the public places.

Report Highlights

• Based on the platform type, the palleted segment dominated the market capturing around 61% of the market share in 2020. The palleted type offers increased capacity and higher utilization of space owing to its low height. This helps to save space and it is considered perfectly suitable for the buildings that has limited parking space. These benefits have fostered its adoption across the globe.
• Based on the automation, the fully automated segment dominated the market in 2020, owing to the increased demand for the automation technologies in the developed markets like Europe and North America. The increased number of vehicles on road and the presence of higher number of commercial complexes across the globe has fostered the adoption of fully automated parking systems in the past that effectively helps to reduce the road traffic jams.
• Based on component, the software is estimated to be the most opportunistic segment during the forecast period. Software needs regular upgradations and replacement owing to the constantly evolving technologies and features to improve the functioning and efficiency of the automated parking systems. Hence, the rapid developments in the software segment are expected to drive its growth.
• Based on the structure type, silo segment dominated the market, acquiring a market share of over 20% in 2020. The increasing number of huge commercial complexes and increased adoption of silo systems in the commercial complexes has fostered the growth of this segment in the past years. The rapid urbanization in the developing economies is a major driver of this segment.
• Europe dominated the global automated parking system market, garnering a market share of over 40% in 2020. Europe is characterized by the strong infrastructural development, increased number of commercial and residential complexes, and higher number of cars that necessitates the adoption of automated parking systems.
• Asia Pacific is projected to be the fastest-growing segment during the forecast period. The rapidly growing urban population, rapidly developing infrastructure, and growing number of high-rise buildings is fueling the adoption of the automated parking systems.

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OBJECTIVES OF THE STUDY

• To analyze and forecast the Automated Parking System market, in terms of value and volume
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To define, segment, and project the size of the global Automated Parking System market on the product type, end-use and other segments
• To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
• To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To strategically profile key players and comprehensively analyze their core competencies
• To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Automated Parking System market

Research Methodology

• Market estimate for 2021
• Average selling price (ASP) per region for specific product type
• Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
• Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
• National government documents, statistical databases
• News articles, press releases, and webcasts specific to companies operating in the market
• Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
• Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Automated Parking System market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Segments Covered in the Report

By Platform Type

• Palleted
• Non-Palleted

By Automation

• Semi-Automated
• Fully Automated

By Structure Type

• Silo System
• AVG System
• Puzzle System
• Tower System
• Shuttle System
• Rail Guided Cart System

By Component

• Software
• Hardware

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automated Parking System Market 

5.1. COVID-19 Landscape: Automated Parking System Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automated Parking System Market, By Platform

8.1. Automated Parking System Market, by Platform Type, 2021-2030

8.1.1. Palleted

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Non-Palleted

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Automated Parking System Market, By Automation

9.1. Automated Parking System Market, by Automation, 2021-2030

9.1.1. Semi-Automated

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Fully Automated

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Automated Parking System Market, By Structure Type 

10.1. Automated Parking System Market, by Structure Type, 2021-2030

10.1.1. Silo System

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. AVG System

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Puzzle System

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Tower System

10.1.4.1. Market Revenue and Forecast (2019-2030)

10.1.5. Shuttle System

10.1.5.1. Market Revenue and Forecast (2019-2030)

10.1.6. Rail Guided Cart System

10.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Automated Parking System Market, By Component Type 

11.1. Automated Parking System Market, by Component Type, 2021-2030

11.1.1. Software

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Hardware

11.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Automated Parking System Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Platform (2019-2030)

12.1.2. Market Revenue and Forecast, by Automation (2019-2030)

12.1.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.1.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.1.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.1.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.1.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Platform (2019-2030)

12.1.6.2. Market Revenue and Forecast, by Automation (2019-2030)

12.1.6.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.1.6.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Platform (2019-2030)

12.2.2. Market Revenue and Forecast, by Automation (2019-2030)

12.2.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.2.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.2.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Platform (2019-2030)

12.2.6.2. Market Revenue and Forecast, by Automation (2019-2030)

12.2.6.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.6.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Platform (2019-2030)

12.2.7.2. Market Revenue and Forecast, by Automation (2019-2030)

12.2.7.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.7.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Platform (2019-2030)

12.2.8.2. Market Revenue and Forecast, by Automation (2019-2030)

12.2.8.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.2.8.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Platform (2019-2030)

12.3.2. Market Revenue and Forecast, by Automation (2019-2030)

12.3.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.3.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.3.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Platform (2019-2030)

12.3.6.2. Market Revenue and Forecast, by Automation (2019-2030)

12.3.6.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.6.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Platform (2019-2030)

12.3.7.2. Market Revenue and Forecast, by Automation (2019-2030)

12.3.7.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.7.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Platform (2019-2030)

12.3.8.2. Market Revenue and Forecast, by Automation (2019-2030)

12.3.8.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.3.8.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Platform (2019-2030)

12.4.2. Market Revenue and Forecast, by Automation (2019-2030)

12.4.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.4.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.4.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Platform (2019-2030)

12.4.6.2. Market Revenue and Forecast, by Automation (2019-2030)

12.4.6.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.6.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Platform (2019-2030)

12.4.7.2. Market Revenue and Forecast, by Automation (2019-2030)

12.4.7.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.7.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Platform (2019-2030)

12.4.8.2. Market Revenue and Forecast, by Automation (2019-2030)

12.4.8.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.4.8.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Platform (2019-2030)

12.5.5.2. Market Revenue and Forecast, by Automation (2019-2030)

12.5.5.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5.5.4. Market Revenue and Forecast, by Component Type (2019-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Platform (2019-2030)

12.5.6.2. Market Revenue and Forecast, by Automation (2019-2030)

12.5.6.3. Market Revenue and Forecast, by Structure Type (2019-2030)

12.5.6.4. Market Revenue and Forecast, by Component Type (2019-2030)

Chapter 13. Company Profiles

13.1. Skyline Parking AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Westfalia Parking

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Robotic Parking Systems, Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Klaus Multiparking GmbH

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Wohr Parking System Pvt. Ltd

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. AutoMotion Parking Systems

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Unitronics Ltd.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Parkmatic

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Park Plus Inc.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. City Lift Parking, LLC.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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