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Automated Parking System Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The market size for automated parking systems has seen significant expansion in recent years. Its valuation is anticipated to climb from $2.6 billion in 2025 to $3.02 billion in 2026, progressing at a compound annual growth rate (CAGR) of 16.4%. The factors contributing to its historical growth include the scarcity of urban land in metropolitan areas, rising rates of vehicle ownership, the expansion of high-density residential developments, the increasing adoption of smart city infrastructure, and the initial deployment of mechanical parking systems.
The automated parking system market size is poised for significant expansion in the coming years, with projections indicating it will reach $5.56 billion by 2030, growing at a compound annual growth rate (CAGR) of 16.4%. This growth during the forecast period is fueled by factors such as increasing investments in intelligent urban mobility solutions, a rising demand for parking systems compatible with autonomous vehicles, the expansion of electric vehicle infrastructure integration, a heightened focus on mitigating traffic congestion, and a growing adoption within commercial real estate developments. Prominent trends expected in this period include the wider adoption of fully automated parking structures, an increasing requirement for space-efficient vertical parking solutions, enhanced integration of smart parking software platforms, the expansion of sensor-based vehicle handling systems, and a greater emphasis on contactless parking operations.
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Automated Parking System Market Growth Drivers: What Factors Are Accelerating Expansion?
The increasing demand for passenger cars is anticipated to significantly boost the automated parking system market going forward. Passenger cars are vehicles primarily designed for transporting people, usually carrying a small number, typically one to five. This rise in demand for passenger cars is fueled by growing disposable incomes, which enable more individuals and families to afford personal vehicles, thus improving their mobility and convenience. Automated parking systems in these vehicles enhance both convenience and safety by autonomously maneuvering the car into parking spaces, reducing driver involvement, and alleviating parking-related stress. For instance, in 2024, the China Passenger Car Association (CPCA), a China-based industry association, reported that domestic retail sales of passenger vehicles reached 22.894 million units, reflecting a 5.5% year on year increase. Therefore, the escalating demand for passenger cars is a key driver for the growth of the automated parking system market.
Automated Parking System Market Segment Analysis And Revenue Opportunities
The automated parking system market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Structure Type: AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
3) By Platform: Palleted, Non-Palleted
4) By Automation Level: Fully Automated, Semi-Automated
Subsegments:
1) By Hardware: Parking Sensors, Cameras And Image Processing Units, Control Units And Servers, Entry Or Exit Barriers and Gates, Display And Signage Systems
2) By Software: Parking Management Software, Reservation And Payment Systems, Analytics And Reporting Tools, User Interface Applications, Integration Software For Smart City Solutions
Automated Parking System Market Trends: What Is Shaping Future Industry Growth?
Major companies within the automated parking system market are increasingly concentrating on introducing advanced parking solutions, such as the Mobis Parking System, to gain a competitive edge. The Mobis Parking System stands as a comprehensive and innovative solution, utilizing advanced technology and data analytics to optimize parking management and improve the overall user experience. For instance, in September 2023, HyundAI Mobis, a South Korea-based automobile company, unveiled the Mobis Parking System (MPS), which employs ultrasonic sensors and surround-view monitor cameras to determine a vehicle’s position and create a map, thus enabling one-touch autonomous parking. The MPS also features a Memory Parking Assist (MPA) function that records the parking process during a driver’s initial use in learning mode, allowing the vehicle to repeatedly park in the same spot with a simple button press. This system has the capability to identify parking lines and facilitate autonomous parking, even in an empty parking space lacking nearby vehicles.
Automated Parking System Market Leading Players Shaping Industry Direction
Major companies operating in the automated parking system market are Westfalia Technologies Inc.; Klaus Multiparking Systems Pvt Ltd.; Robotic Parking Systems Inc.; Wohr Parking Systems; City Lift Parking LLC; ShinMaywa Industries Ltd.; Skyline Parking AG; Dayang Parking Co. Ltd.; Serva Transport Systems GmbH; IHI Corporation; Lodige Industries GmbH; Robopark Inc.; Unitronics Systems Inc.; Eito & Global Inc.; Parkmatic Systems Inc.; Amano Corporation; U-TRON Electronics Co. Ltd.; TADA Technologies Pte Ltd.; Omnitec Group; MHE-Demag Pte Ltd.; FATA Automation Inc.; Umojo Inc.
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Automated Parking System Market Global Footprint: Which Region Holds Market Leadership?
Western Europe was the largest region in the automated parking system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated parking system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
