Automated Parking System Market Size is Forecasted to Reach US$ 5.28 Billion by 2030

The global automated parking system market size is forecasted to reach from US$ 1.5 billion in 2021 to US$ 5.28 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 8.9% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

The automated parking system market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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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 Scope o fthe Automated Parking System Market

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global automated parking system market are listed as below:

• Skyline Parking AG
• Westfalia Parking
• Robotic Parking Systems, Inc.
• Klaus Multiparking GmbH
• Wohr Parking System Pvt. Ltd
• AutoMotion Parking Systems
• Unitronics Ltd.
• Parkmatic
• Park Plus Inc.
• City Lift Parking, LLC.

Regional Snapshot

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. Further, the presence of numerous top players in the market and various developmental strategies adopted by them highly influences the market growth in this region. Moreover, the increased demand for the latest technologies and automation has fostered the growth of the automated parking system market in the region.

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. Moreover, the increased incidences of traffic jams in the region are expected to drive the demand for the automated parking systems in the forthcoming years.

Market Dynamics

Drivers – The growing demand for the sustainable parking solutions

The rising incidences of road traffic jams, limited availability of parking spaces, and rising number of vehicles on road has encouraged the increase in demand for the sustainable parking solutions across the globe. Finding a suitable parking space consumes lot of time and fuel that increases the emission. Hence, these factors are expected to drive the demand for the automated parking systems across the globe.

Restraints – High cost of the parking systems

The high costs associated with the installation of the automated parking systems and its maintenance is a major factor that can restrict its adoption. Moreover, high construction cost per space may hinder the growth of the market during the forecast period.

Opportunities – Rapid infrastructural development in the developing regions

The increased government expenditure on the development of Smart Cities and other infrastructural developments in the nations like India, China, and Brazil presents a lucrative growth opportunities to the market players in the foreseeable future.

Challenges

The low availability of resources and financial restriction in the low income countries and huge penetration of public transport vehicles in the underdeveloped and developing nations is a major challenge against the market growth. The aforementioned factors can prevent the installation of the automated parking systems.

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.

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

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global automated parking system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automated parking system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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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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