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

[188 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.

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.

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.

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

• 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.

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.

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 theAutomated Parking System 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.

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.

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.

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).

• 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: September 20, 2023]

• 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: July 14, 2023]

• 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: February 14, 2023]

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

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

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.

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?