Global Automated Parking Management Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Platform Type;

Palleted and Non-Palleted.

By Automation Level;

Fully Automated and Semi-Automated.

By End-use;

Residential, Commercial, and Mixed-Use.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn368717199 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Automated Parking Management Systems Market (USD Million), 2021 - 2031

In the year 2024, the Global Automated Parking Management Systems Market was valued at USD 3,048.49 million. The size of this market is expected to increase to USD 9,826.67 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The global automated parking management systems market is experiencing rapid growth, fueled by increasing urbanization, rising vehicle ownership, and the need for efficient use of limited parking spaces. Automated parking management systems utilize advanced technologies such as sensors, cameras, and robotics to optimize parking operations, enhance space utilization, and streamline the parking experience for both drivers and parking operators. These systems offer benefits such as reduced parking congestion, shorter waiting times, and improved security, making them increasingly attractive solutions for urban areas facing parking challenges.

One of the key drivers of the automated parking management systems market is the growing demand for smart city solutions aimed at addressing urban mobility issues. As cities become more densely populated and traffic congestion worsens, there is a pressing need for innovative parking solutions that can alleviate congestion and improve traffic flow. Automated parking management systems offer a scalable and sustainable approach to managing parking demand, enabling cities to optimize their existing parking infrastructure and reduce reliance on traditional parking methods.

However, challenges such as high upfront costs, integration complexities, and regulatory hurdles may restrain market growth to some extent. Additionally, concerns about system reliability, cybersecurity, and data privacy pose challenges for widespread adoption. Nevertheless, with ongoing advancements in technology, increased investment in smart city initiatives, and the growing recognition of the benefits of automated parking solutions, the market for automated parking management systems is expected to continue its expansion, particularly in urban areas where parking demand is high.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Platform Type
    2. Market Snapshot, By Automation Level
    3. Market Snapshot, By End-use
    4. Market Snapshot, By Region
  4. Global Automated Parking Management Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Increasing Vehicle Ownership
        2. Need for Efficient Parking Space Utilization
        3. Growing Demand for Smart City Solution
      2. Restraints
        1. High Upfront Costs
        2. Integration Complexities
        3. Regulatory Hurdles and Concerns
      3. Opportunities
        1. Advancements in Technology
        2. Investment in Smart City Initiatives
        3. Recognition of Benefits in Urban Areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automated Parking Management Systems Market By Platform Type, 2021 - 2031 (USD Million)
      1. Palleted
      2. Non-Palleted
    2. Global Automated Parking Management Systems Market By Automation Level, 2021 - 2031 (USD Million)
      1. Fully Automated
      2. Semi-Automated
    3. Global Automated Parking Management Systems Market, By End-use, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Mixed-Use
    4. Global Automated Parking Management Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Westfalia Parking Solutions
      2. Robotic Parking Systems Inc.
      3. ParkPlus Inc.
      4. CityLift Parking
      5. Klaus Multiparking Systems
      6. Skyline Parking AG
      7. Unitronics PLC
      8. MHE-Demag (S) Pte Ltd.
      9. Serva Transport Systems GmbH
      10. Wohr Parking Systems Pvt. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market