Global Automated Parking System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

This report extensively covers different segments of Global Automated Parking System Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

Global Automated Parking System Segment Analysis

In this report, the global automated parking system market has been segmented by Automation level, System Type, Platform type, Design Model, Parking level End-User and Geography.

The global automated parking system market can be segmented based on several factors, including system type, application, and end-user. In terms of system type, automated parking systems can be categorized into fully automated parking systems and semi-automated parking systems. Fully automated parking systems, also known as robotic parking systems, utilize advanced robotics and automation technologies to transport vehicles to and from parking spaces without the need for human intervention.

These systems offer high levels of efficiency, space utilization, and convenience, making them well-suited for densely populated urban areas where land is scarce. Semi-automated parking systems, on the other hand, combine automated features with manual operation, allowing drivers to park and retrieve their vehicles with the assistance of automated guidance systems and mechanical lifts.

From an application perspective, automated parking systems find use in various sectors, including commercial, residential, and mixed-use developments. In commercial applications, such as office buildings, shopping malls, and airports, automated parking systems provide efficient parking solutions for employees, customers, and visitors, enhancing accessibility and convenience. In residential settings, automated parking systems offer residents secure and space-efficient parking options, particularly in high-rise apartment buildings and condominiums where parking space is limited. Mixed-use developments, which integrate residential, commercial, and recreational facilities, often incorporate automated parking systems to optimize land use and accommodate diverse parking needs.

Global Automated Parking System Market, Segmentation by Automation Level

The Global Automated Parking System Market has been Segmented by Automation Level into Semi-automated and Fully-automated. The complete Global Automated Parking System Market segmentation by Automation Level can be seen below:

Fully automated parking systems, also known as robotic parking systems, offer the highest level of automation, where vehicles are entirely managed by robotic machinery without the need for human intervention. These systems typically utilize advanced robotics, conveyor belts, lifts, and automated guided vehicles (AGVs) to transport vehicles to designated parking spaces within the facility. Fully automated parking systems provide a seamless and efficient parking experience, eliminating the need for drivers to navigate parking garages manually. They are ideal for maximizing parking space utilization and enhancing operational efficiency in dense urban environments where land is scarce.

Semi-automated parking systems involve a combination of automated and manual operations, where certain aspects of the parking process are automated while others require human assistance. In semi-automated systems, drivers typically drive their vehicles onto a platform or conveyor belt at the entrance of the parking facility, and automated machinery then transports the vehicles to available parking spaces. While human intervention may be required to initiate the parking process and retrieve vehicles, semi-automated systems still offer significant improvements in efficiency and convenience compared to traditional parking methods.

Automated valet parking systems represent a specialized category of automated parking solutions that enable vehicles to be parked and retrieved autonomously without the need for drivers to be present in the vehicle. These systems utilize advanced sensor technologies, vehicle-to-infrastructure communication, and artificial intelligence algorithms to navigate vehicles to and from parking spaces within designated parking areas.

Global Automated Parking System Market, Segmentation by System Type

The Global Automated Parking System Market has been Segmented by System Type into Hardware and Software. The complete Global Automated Parking System Market segmentation by System Type can be seen below:

The global automated parking system market is segmented by system type, encompassing various automated parking technologies and configurations tailored to different urban environments and user requirements. One segment includes fully automated parking systems, also known as robotic or automated guided vehicle (AGV) systems, which utilize robotic platforms to transport vehicles to designated parking spaces within a parking structure. These systems offer high levels of automation and efficiency, minimizing the need for human intervention and maximizing parking space utilization in densely populated urban areas.

Another segment comprises semi-automated parking systems, which combine automated and manual parking processes to offer a hybrid solution that balances automation with user flexibility. Semi-automated systems typically involve a combination of automated vehicle retrieval and parking guidance technologies, supplemented by manual driving maneuvers by users to enter and exit the parking facility. This hybrid approach provides a cost-effective alternative to fully automated systems while still offering the benefits of space optimization and convenience for urban commuters.

The market includes other types of automated parking solutions such as automated valet parking systems, puzzle parking systems, and modular parking systems, each offering unique features and functionalities to meet specific parking requirements and space constraints. Automated valet parking systems enable users to drop off their vehicles at designated terminals, where robotic platforms autonomously park and retrieve the vehicles. Puzzle parking systems utilize mechanical lifts and sliding platforms to stack vehicles vertically or horizontally, optimizing space usage in compact parking facilities.

Global Automated Parking System Market, by Platform Type

The Global Automated Parking System Market has been Segmented by Parking Level into Less than Level 5, Level 5-Level 10 and More than Level 15. The complete Global Automated Parking System Market segmentation by Parking Level can be seen below:

Fully automated parking systems, also known as robotic or automated valet parking systems, offer a comprehensive solution for parking vehicles without human intervention. These systems utilize advanced robotics, sensors, and computer vision technology to transport vehicles to designated parking spaces within the facility. Vehicles are typically driven onto a platform or pallet at the entrance of the parking facility, where they are automatically transported and parked in a designated slot using a combination of horizontal and vertical movement.

Fully automated parking systems maximize space utilization, optimize parking efficiency, and provide a seamless parking experience for users, making them ideal for urban areas with limited space and high parking demand.

Semi-automated parking systems combine automated technology with manual assistance to park vehicles efficiently. In semi-automated systems, users drive their vehicles onto a platform or into a designated parking bay within the facility. The system then utilizes automation to transport and position the vehicle within the parking structure, minimizing the need for complex maneuvers and reducing the risk of damage or accidents.

Semi-automated parking systems offer a balance between automation and human control, providing convenience and efficiency while retaining user familiarity and flexibility. These systems are suitable for a wide range of applications, including residential, commercial, and mixed-use developments, where space constraints and parking demands vary.

Global Automated Parking System Market, by Design Model

The Global Automated Parking System Market has been Segmented by Platform Type into Palleted and Non-palleted. The complete Global Automated Parking System Market segmentation by Platform Type can be seen below:

Tower-based automated parking systems utilize vertical stacking mechanisms to maximize parking capacity within a compact footprint. Vehicles are transported vertically through the tower structure to designated parking spaces, enabling efficient use of available land in densely populated urban areas where space is limited.

Tower-based systems offer high-density parking solutions and can be customized to accommodate various building heights and architectural designs, making them suitable for mixed-use developments, commercial buildings, and residential complexes in urban centers.

Puzzle-based automated parking systems utilize a puzzle-like configuration of platforms and lifts to maneuver vehicles into designated parking spaces within a horizontal layout. This design model offers flexibility in adapting to irregularly shaped or constrained sites where vertical stacking may not be feasible.

Puzzle-based systems are ideal for retrofitting existing parking structures, optimizing underutilized spaces, and providing decentralized parking solutions in urban environments with diverse land use patterns and infrastructure constraints.

Global Automated Parking System Market, by Parking Level

The global automated parking system market is Segmented by parking level to address the varying needs and preferences of different customer segments across different geographies. This segmentation allows automated parking system providers to offer tailored solutions based on the scale and complexity of parking facilities, ensuring efficient space utilization and optimized parking operations.

In the segment of less than Level 5 parking facilities, automated parking systems are deployed in smaller-scale developments such as residential buildings, office complexes, and mixed-use developments. These systems typically feature stacker systems, puzzle parking solutions, or robotic valet systems designed to maximize parking capacity in compact urban environments where space is limited. Demand for automated parking solutions in this segment is driven by urbanization, population density, and the need to optimize land use efficiency in densely populated areas.

For parking facilities with Level 5 to Level 10 capacity, automated parking systems offer increased scalability and flexibility to accommodate medium-sized parking operations. These systems are commonly installed in commercial buildings, shopping centers, and transportation hubs, providing convenient parking solutions for urban commuters and shoppers. Market demand in this segment is influenced by urban development projects, commercial real estate trends, and the need for efficient parking options in high-traffic areas.

Global Automated Parking System Market, Segmentation by End-User

The Global Automated Parking System Market has been segmented by End-User into Commercial, Residential and Mixed-use. The complete Global Automated Parking System Market segmentation by End-User can be seen below:

Commercial properties such as office buildings, shopping malls, airports, and hotels are significant consumers of automated parking systems. These establishments often experience high volumes of vehicle traffic and require efficient parking solutions to accommodate visitors, employees, and customers. Automated parking systems offer commercial end-users benefits such as space optimization, enhanced security, and improved customer experience, making them an attractive investment for businesses seeking to optimize their parking operations and differentiate their properties.

Residential developments, including apartment buildings, condominiums, and gated communities, represent another key segment for automated parking systems. With urbanization and population growth driving demand for housing in densely populated areas, space-efficient parking solutions have become essential for residential developers and property managers. Automated parking systems offer residents convenience, safety, and peace of mind by providing secure, hassle-free parking facilities within their residential complexes, alleviating parking-related stress and enhancing overall quality of life.

Mixed-use developments, which combine residential, commercial, and retail spaces in a single complex, represent a growing segment for automated parking systems. These developments aim to create vibrant urban environments that offer a diverse range of amenities and services to residents, workers, and visitors.

Global Automated Parking System Market Share (%), by Geographical Region, 2023

North America holds a significant share of the global automated parking system market, driven by the presence of developed economies such as the United States and Canada. These countries have a high level of urbanization, dense urban populations, and a strong emphasis on technological innovation, contributing to the adoption of automated parking systems. Additionally, stringent parking regulations, limited parking space availability in urban centers, and a growing preference for sustainable urban mobility solutions further drive the demand for automated parking systems in North America.

Europe is another prominent region in the global automated parking system market, characterized by advanced urban infrastructure, stringent environmental regulations, and a strong focus on sustainable development. Countries such as Germany, the United Kingdom, and France are leading adopters of automated parking solutions, leveraging innovative technologies to address parking challenges in congested urban areas.

The Asia-Pacific region is witnessing rapid growth in the automated parking system market, fueled by urbanization, population growth, and increasing vehicle ownership rates in emerging economies such as China, India, and South Korea. Rising urban congestion, limited parking space availability, and government initiatives to promote sustainable urban development drive the adoption of automated parking solutions in the region

This report provides an in depth analysis of various factors that impact the dynamics of Global Automated Parking System Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

Key players in Global Automated Parking System Market include

• Skyline Parking
• Westfalia Parking
• Unitronics Corporation
• Klaus Multiparking Systems
• Robotic Parking Systems Inc.
• Fata Automation
• Citylift
• Parkplus
• Wohr
• Parkmatic
• Eito&Global Inc.
• Automotion Parking Systems.

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis