Automated Parking System
Automated Parking System Market by Automation Level (Fully-automated, Semi-automated), System Type (Hardware, Software), Design Model, Platform Type, Parking Level, Navigation System, End-User - Global Forecast 2024-2030
360iResearch Analyst
Want to know more about the automated parking system market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[192 Pages Report] The Automated Parking System Market size was estimated at USD 3.02 billion in 2023 and expected to reach USD 3.55 billion in 2024, at a CAGR 18.02% to reach USD 9.64 billion by 2030.

Automated Parking System Market
To learn more about this report, request a free PDF copy

An Automated Parking System (APS) is an advanced and technologically-driven parking solution designed to optimize land use, enhance security, reduce environmental impact, and increase overall efficiency in managing and utilizing parking spaces. It involves a combination of mechanical hardware, software integration, and sophisticated algorithms that facilitate the automatic parking of vehicles in designated spots within a multi-level or compact structure without any manual intervention from the driver. The increasing number of vehicles worldwide is leading to a need for more parking spaces in urban areas. As a result, there is a growing demand for efficient parking management systems that maximize space utilization while reducing traffic congestion. However, lack of standardization across automated parking systems can create compatibility issues between various manufacturers' products. Nevertheless, advancements in robotics and software technologies have expanded the potential applications for automated parking systems.

Regional Insights

The Americas observes an advancing automated parking system (APS) market driven by the increasing adoption of smart city technologies and stringent regulations for reducing vehicle emissions. Countries such as Brazil and Mexico are progressively investing in implementing APS to address their growing parking challenges. Asia presents significant growth opportunities for the APS market to combat its escalating parking crises. Governments in these countries are actively promoting intelligent transportation systems that incorporate automation technologies such as APS into their urban infrastructure development plans. Europe has a relatively mature market for APS, driven by factors such as limited parking spaces in urban areas, strict emission regulations, and the growing need for sustainable city development. Germany, France, Italy, Spain, and the United Kingdom are some of the key contributors to the region's market growth. European companies are currently focusing on developing innovative products that meet the unique requirements of European urban centers while adhering to regulatory standards and providing eco-friendly solutions. As cities in the region strive towards becoming smart cities with sustainable infrastructure development plans, the need for APS is expected to rise.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automated Parking System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing Number of Vehicles Globally with the Increasing Need for Optimum Utilization of Parking Spaces
    • Incorporation of IoT-Based Solutions for Fully Automated Parking Systems
    • Shrinking Land Parking with Rapid Urbanization and Surge in the Adoption of Palletized APS
  • Market Restraints
    • High Cost Associated with Installation of Automated Parking Systems
  • Market Opportunities
    • Significant Emergence of Robotic Parking Systems and Palletless Fully Automated Car Parking System
    • Growing Demand for Green & Sustainable Parking Solutions
  • Market Challenges
    • Concerns Associated with Complex Handling Parking System and Regular Maintenance
Market Segmentation Analysis
  • Automation Level: Burgeoning adoption of semi-automated parking system owing to its enhanced convenience and accessibility to users

    Fully automated parking systems (APS) offer a complete hands-free parking experience for the user, from vehicle entry to retrieval. These systems involve advanced technology such as sensors, cameras, laser guidance, and software algorithms to autonomously maneuver vehicles into available parking spaces. Fully automated APS include reduced parking space requirements, minimal human intervention, optimized vehicle storage capacity, enhanced security measures, and lower emissions due to reduced idling time. Semi-automated APS provides partial assistance during the parking process by combining both manual operations and automation features. Semi-automated APS consists of simplified parking processes on constrained sites or irregular layouts where traditional ramps could be inefficient or impossible to install; they also aid users with mobility challenges who require more accessible parking options. Fully automated systems maximize space efficiency and minimize human intervention; however, they may come at a higher initial investment cost, while semi-automated systems offer more convenience and accessibility to users while maintaining a balance between manual operations and technology assistance.

  • System Type: Significant usage of hardwares in automated parking system for managing vehicle storage and movement

    An automated parking system requires various essential hardware components to operate seamlessly, ensuring maximized vehicle storage capacity and efficient parking processes. Hardware components include entry and exit terminals, sensors, cameras, ticket dispensers, control panels, lifts or conveyor belts for vehicle movement, and the structural frame. Each of these elements is vital in maintaining convenience and security for users. Software is an integral component to ensure the smooth functioning of an automated parking system by managing vehicle entry and exit data along with coordinating the precise movement of vehicles within the facility. The software features typically comprise reservation management systems, payment processing modules, user apps for convenient remote access and monitoring, and maintenance management tools for optimal performance. Hardware provides the physical infrastructure for managing vehicle storage and movement, while software ensures smooth coordination, communication, monitoring, and control over the entire process.

  • Design Model: Use of electro-mechanical APS owing to their energy efficiency and reduced noise levels

    Electro-mechanical APS utilizes a combination of electric motors, sensors, and mechanical components to transport and park vehicles in designated slots. These systems offer precise control and smooth operation while ensuring minimal energy consumption and environmental impact. Electro-mechanical APS is preferred due to its energy efficiency, low maintenance costs, reduced noise levels, and the need for precise control over vehicle movements within the parking facility. Hydraulic automated parking systems rely on hydraulic power to lift, lower, and move vehicles within the parking structure. These systems typically require larger pumps and more robust infrastructure compared to their electro-mechanical counterparts but can be advantageous due to their high load-bearing capacity.

  • End-User: Adoption of automated parking systems in commercial settings to improve space optimization for maximizing revenue-generating utilities

    In the commercial sector, APS are employed in office buildings, shopping malls, retail centers, and airports to maximize space utilization by reducing the footprint required for parking and increasing the availability of spaces for additional revenue-generating purposes. The mixed-use segment comprises establishments that combine residential, commercial, and retail spaces, such as urban developments and high-rise buildings. These projects have diverse needs for APS, including efficient space management due to limited land resources, sustainability initiatives with reduced carbon emissions from vehicular movement within the facility, and enhanced security measures for residents and patrons alike. A growing trend among residential communities such as condominiums and gated communities is to implement automated parking systems for increased convenience, security, and luxury. They prefer APS systems to ensure increased safety measures for both vehicles and residents.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Automated Parking System Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Automated Parking System Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automated Parking System Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Automated Parking System Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Automated Parking System Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Automated Parking System Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Automated Parking System Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Automated Parking System Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Automated Parking System Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Automated Parking System Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automated Parking System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automated Parking System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Hyundai Mobis Reveals One-Touch Automated Parking System

    Hyundai Mobis launched an upgraded MPS parking control system version called MPS 1.0P (Premium). This latest iteration introduces Memory Parking Assist (MPA), which utilizes a path-learning mode to enable the vehicle to execute a learned process within the same parking space. The system harnesses the power of video-based sensors and Surround View Monitor cameras, combined with advanced technologies for precise vehicle location measurement and mapping. With these cutting-edge features, the system offers assistance for distances up to 100 meters. [Published On: 2023-09-20]

  • Smart Parking acquires ParkInnovation

    Smart Parking Limited acquired ParkInnovation GmbH (PI), a company that manages 46 parking sites in Germany. This strategic acquisition enables Smart Parking Limited to deploy its proprietary technology across these sites, enhancing the efficiency and convenience of the parking experience for customers. As part of the transition process, the existing shareholders of PI provide their expertise and support to ensure a smooth integration of the business within Smart Parking Limited. [Published On: 2023-07-14]

  • BMW and Valeo Partner To Create Level 4 Automated Parking System

    BMW and Valeo partnered to develop a Level 4 automated parking system. This advanced system allows drivers to drop off their cars at a parking lot conveniently, and the technology takes over to maneuver the vehicle to an available parking spot. The innovative technology was initially implemented in the Neue Klasse dedicated EV platform models from BMW. The project builds upon the existing automated parking system featured in the BMW iX, leveraging jointly developed algorithms to enhance its capabilities. [Published On: 2023-02-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automated Parking System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automated Parking System Market, highlighting leading vendors and their innovative profiles. These include AJ Automated Parking Systems Co., Ltd., Amano Corporation, Asura Technologies Ltd., DESIGNA Verkehrsleittechnik GmbH, E Star Engineers Private Limited, Eros Elevators & Escalators Pvt. Ltd., FATA Automation, Fehr Lagerlogistik AG, Harding Steel, Inc., Klaus Multiparking GmbH, Lödige Industries GmbH, Mitsubishi Heavy Industries Machinery Systems, Nexstep Multiparking Pvt. Ltd., Park Plus, Inc., Parkmatic, PARKPIU' S.R.L, Robert Bosch GmbH, Robotic Parking Systems, Inc., RR Global, Sieger Spintech Equipments Pvt. Ltd., Siemens AG, SKIDATA GmbH, Sotefin Parking Pvt. Ltd., SWARCO AG, Swiss-Park GmbH, Tedra Automotive Solutions Pvt. Ltd., Valeo SA, Verra Mobility, Westfalia Technologies, Inc., and WÖHR Autoparksysteme GmbH.

Automated Parking System Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Automated Parking System Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Automation Level
    • Fully-automated
    • Semi-automated
  • System Type
    • Hardware
    • Software
  • Design Model
    • Electro-mechanical
    • Hydraulic
  • Platform Type
    • Non-palleted
    • Palleted
  • Parking Level
    • Less than Level 5
    • Level 5-Level 10
    • More than Level 15
  • Navigation System
    • Automated Guided Vehicles
    • Crane Automated Parking System
    • Puzzle type Automated Parking System
    • Rail Guided Carts Automated Parking System
    • Shuttle Automated Parking System
    • Silo Automated Parking System
    • Tower Automated Parking System
  • End-User
    • Commercial
    • Mixed-use
    • Residential

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automated Parking System Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automated Parking System Market, by Automation Level
  7. Automated Parking System Market, by System Type
  8. Automated Parking System Market, by Design Model
  9. Automated Parking System Market, by Platform Type
  10. Automated Parking System Market, by Parking Level
  11. Automated Parking System Market, by Navigation System
  12. Automated Parking System Market, by End-User
  13. Americas Automated Parking System Market
  14. Asia-Pacific Automated Parking System Market
  15. Europe, Middle East & Africa Automated Parking System Market
  16. Competitive Landscape
  17. Competitive Portfolio
  18. List of Figures [Total: 30]
  19. List of Tables [Total: 646]
  20. List of Companies Mentioned [Total: 30]
Automated Parking System: A Solution to the Growing Number of Vehicles and Limited Parking Spaces
November 2, 2023
Automated Parking System: A Solution to the Growing Number of Vehicles and Limited Parking Spaces
The world today is congested with growing numbers of vehicles, even as space remains limited. With more cars in the cities, arriving at our destinations on time, finding a parking space, and ensuring the safety of parked vehicles is becoming a huge challenge. This challenge has driven the need for a reliable solution, and Automated Parking System (APS) has come in handy to alleviate this problem. APS uses sensors, software, and mechanical systems to move vehicles between parking spots, mobilize parking, and manage the parking spaces to make optimum utilization of parking facilities. This blog explores the benefits of an Automated Parking System and why it is the perfect solution for the growing number of vehicles globally with the increasing need for optimum utilization of parking spaces.

Maximize Parking Facilities:

With growing numbers of vehicles, the demand for parking facilities has also increased, and the Automated Parking System is a perfect solution to utilize parking spaces to their maximum potential. APS reduces the space needed for parking, increasing the efficiency of parking facilities. APS takes up less space because it eliminates the need for ramps and pedestrian walkways, allowing it to utilize smaller spaces for parking cars.

Increased Safety:

Automated Parking System offers enhanced security by barricading pedestrians and vehicles from each other. With software technology, APS maintains the safety of cars on the move and enhances the safety of the drivers. A restricted access system ensures that only authorized people access the parking lot. This minimizes incidents such as theft and car break-ins.

Reduced Environmental Impact:

APS plays a significant role in reducing our carbon footprint. Since it eliminates the need for additional infrastructure such as ramps and pedestrian walkways, it reduces the amount of concrete used in the automated parking systems compared to the traditional multi-story parking garage. Furthermore, it reduces driver fuel consumption, congestion in the city, and air pollution caused by circling vehicles looking for parking spaces.


APS provides unprecedented convenience for drivers. It reduces the time to park and retrieve the vehicle, freeing up more time for other activities. Drivers can use their smartphones or touch screens within the parking facility to rent parking spaces, pay, and select their preferred parking area. The system then makes the necessary arrangements to park the vehicles.

Enhance Parking Management:

APS has the added advantage of centralized parking management. APS facilities are designed to provide detailed real-time information on parked vehicles, occupancy, and income generated. This centralized system enhances management, reporting, billing, and operational costs, resulting in better revenue management.

The Automated Parking System has come in handy to alleviate the parking problems worldwide due to the growing number of vehicles and limited parking spaces. The benefits cannot be overemphasized, from maximizing parking facilities, enhancing safety, and reducing environmental impacts to providing convenience for drivers and enhancing parking management. It is, therefore, the perfect solution for the growing number of vehicles globally, and its adoption should be a priority for governments and businesses to transform how we live, work, and move around the city.

Frequently Asked Questions
  1. How big is the Automated Parking System Market?
    Ans. The Global Automated Parking System Market size was estimated at USD 3.02 billion in 2023 and expected to reach USD 3.55 billion in 2024.
  2. What is the Automated Parking System Market growth?
    Ans. The Global Automated Parking System Market to grow USD 9.64 billion by 2030, at a CAGR of 18.02%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.